Charter Fitness

At a Glance

Products & Services: Fitness club

Number of Locations: 36

Total Investment: $577.7K - $1.2M

Founded: 2002

Began Franchising: 2011

Franchise Units

Year U.S. Canadian International Company Owned
2014 0 0 0 36
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 throughout the U.S.
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
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,