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Entrepreneur: Start & Grow Your Business

Koko FitClub LLC

Health club/gym

Background

Founded: 2004 Franchising since: 2008
300 Ledgewood Pl.
Rockland, Massachusetts 02370
Phone:
(877)565-6348


Franchisor has employee(s); 6 employee(s) in franchise department.

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

Where Seeking Franchisees
In the U.S.
Outside the U.S.: Canada

Exclusive territories available.
Territory size: 3 miles depending on population density

Costs and Fees

Total investment: $89.8K-199.6K
Franchise fee: $30K
Ongoing royalty fee: $395/mo.
Term of agreement: Term of agreement not 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 Yes

Qualifications
Net worth requirement: $250K
Cash liquidity requirement: $100K+


Training and Support

Training
  • Available at headquarters: 4-5 days+
  • At franchisee's location: 3 days+
  • Ongoing training

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Security/safety procedures

Marketing Support
  • Ad slicks

Other marketing support
  • Internet, PR