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Entrepreneur: Start & Grow Your Business

Nitro Fitness for Men

Health club

Background

Founded: 2004 Franchising since: 2004
7880 Quivira
Lenexa, Kansas 66216
Phone:
(913)227-0077


Franchisor is a privately-held company with 4 employee(s); 4 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2006 9 0 0 1
2005 5 0 0 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, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Exclusive territories available.
Territory size: Varies

Costs and Fees

Total investment: $67.5K-83.8K
Franchise fee: $39.8K
Ongoing royalty fee: $498/mo.
Term of agreement: 7 years, renewable


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

Qualifications
Net worth requirement: $200K
Business Experience:
  • Industry experience

Operations
  • 33% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 2 - 2
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 3 days
  • Available at franchisee's location
  • Corporate classroom : 1 day

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Ad slicks