Charter Fitness

At a Glance

Products & Services: Fitness club

Number of Locations: 35

Total Investment: $577.7K - $1.2M

Founded: 2002

Began Franchising: 2011

Franchise Units

Year U.S. Canadian International Company Owned
2014 0 0 0 35
2013 0 0 0 37
2011 0 0 0 44
2010 N/A N/A N/A 9
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
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, Midwest, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $577,708 - $1,201,802
Franchise Fee: $30,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $750,000
Liquid Cash Available: $300,000
Operations
Number of employees needed to run franchised unit: 10. Absentee ownership of franchise is NOT allowed..

How This Franchise Supports Franchisees

Training: Available at headquarters. Available at franchisee's location. At existing club
Ongoing Support: Newsletter, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Ad slicks, Regional advertising,