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My Gym Children's Fitness Center

2014 Franchise 500
#182
At a Glance

Products & Services: Early-learning/fitness programs

Number of Locations: 312

Total Investment: $36K - $281.1K

Founded: 1983

Began Franchising: 1995

About My Gym Children's Fitness Center

My Gym was founded in 1983 when partners Yacov and Susie Sherman and Bill Caplin opened their first centers in Van Nuys and Santa Monica, California. The founders soon expanded their business throughout Southern California and there are now locations throughout the United States.

My Gym offers movement, tumbling and exercise classes for children aged 3 months to 9 years.

Franchise Units

Year U.S. Canadian International Company Owned
2014 154 12 146 0
2013 154 11 125 0
2012 153 3 107 0
2011 152 3 67 1
2010 158 3 41 0
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.

Startup Costs, Ongoing Fees and Financing

Total Investment: $36,000 - $281,100
Franchise Fee: $25,000 - $55,000
Ongoing Royalty Fee: 7%
Term of Franchise Agreement: 12 years, renewable
Financial Requirements
Liquid Cash Available: $35,000 - $50,000
Operations
Franchise can be run from home. 20% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 6 - 10. Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators).
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 21 days. At franchisee's location: Ongoing.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,

Franchise Ranking History

Franchise 500®: #182 (2014), #358 (2013), #372 (2012), #361 (2011), #208 (2010),
Low-Cost: #63 (2013), #79 (2012), #82 (2011), #49 (2010),
Top Home-Based: #46 (2014), #58 (2010),
America's Top Global: #63 (2013), #161 (2010),