Nexgym
At a Glance
Products & Services: Children's interactive fitness program
Number of Locations:
Total Investment: $213K - 397K
Founded: 2005
Began Franchising: 2006
Private Owned
Startup Costs, Ongoing Fees and Financing
Total Investment: $213,000 - $397,000
Franchise Fee: $30,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $30,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $200,000
Liquid Cash Available: $50,000
Operations
Number of employees needed to run franchised unit: 10. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).How This Franchise Supports Franchisees
Training: Available at headquarters: 2 weeks. At franchisee's location: 1 week.
Ongoing Support: Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,
Other marketing support: Online campaigns