Click to Print This Page
Entrepreneur: Start & Grow Your Business

CoachMeFit

Personal training

Background

Founded: 2001 Franchising since: 2007
2433 Oak Valley Dr., #500
Ann Arbor, Michigan 48103
Phone:
(734)477-9450


Franchisor is a privately-held company with 7 employee(s); 7 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 1 0 0 3
2008 3 0 0 1
2007 0 0 0 1
2006 N/A N/A N/A 1
2005 N/A N/A N/A 1

Where Seeking Franchisees
In the U.S. Michigan, Ohio, Texas

Exclusive territories available.

Costs and Fees

Total investment: $106K-261.5K
Franchise fee: $12.5K
Ongoing royalty fee: 5%
Term of agreement: 10 years, renewable


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

Qualifications
Cash liquidity requirement: $50K
Business Experience:
  • General business experience
  • Interest in fitness

Operations
  • Number of employees needed to run franchised unit: 5 - 5
  • Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 3-5 days

Ongoing Support
  • Newsletter
  • Meetings
  • Grand opening
  • Internet

Marketing Support
  • Ad slicks

Other marketing support
  • Online