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Entrepreneur: Start & Grow Your Business

IM=X Pilates Studio

Pilates studio

Background

Founded: 1994 Franchising since: 2003
265 Madison Ave., 2nd Fl.
New York, New york 10016
Phone:
(800)469-1336/ (212)997-5550


Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2008 18 0 2 1
2007 12 0 1 1
2006 7 0 1 1
2005 5 0 1 1

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Costs and Fees

Total investment: $50.6K-168.3K
Franchise fee: $18K/24K
Ongoing royalty fee: Varies
Term of agreement: 10 years, renewable
Express/kiosk option available

Type of Financing Available
In-House Third Party
Franchise Fee No No
Startup Costs No No
Equipment No Yes
Inventory No Yes
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $80K
Business Experience:
  • Industry experience

Operations
  • Number of employees needed to run franchised unit: 2 - 8
  • Absentee ownership of franchise is NOT allowed.

Training and Support

Training
  • Available at headquarters: 9 days
  • At franchisee's location: As needed

Ongoing Support
  • Toll-free phone line
  • Internet
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Co-op advertising
  • Ad slicks
  • National media

Other marketing support
  • Marketing plans & materials

Rankings

Franchise 500® rank:
#468 (2009);