- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$373K - $611K
- Units as of 2023
-
9 80.0% over 3 years
Discover Strength personal training studio opened in 2006 under the direction of founder Luke Carlson. Since starting to franchise in 2020, Discover Strength has established several franchised and company-owned locations.
Discover Strength is based in Minneapolis, Minnesota. The strength training studio specializes in personalized strength training, offered twice a week for 30 minutes with an exercise physiologist. Discover Strength is now in pursuit of potential franchisees who want to thrive in the fitness industry.
Why You May Want to Start a Discover Strength Franchise
Discover Strength offers 30-minute strength workouts twice per week with an expert trainer. They help their clients look and feel their best in a fraction of the time. With 17 years of experience building out this concept, Discover Strength has the infrastructure and processes to help franchisees interested in the franchise industry build a successful business of their own.
What Might Make a Discover Strength Franchise a Good Choice?
Perhaps, the magic that enables Discover Strength to distinguish itself in the competitive market is its evidence-based approach to exercise, expert trainers, and the efficiency of the workout (30 minutes, twice a week). Discover Strength studios are 2,000 square feet, so there is low capital required to start a Discover Strength, which lends to a strong economic model.
Additionally, the one-on-one or small groups sessions allow for more supervision, which may enable clients to achieve better results. New franchisees will be responsible for maintaining the studio, employing experienced trainers, and leading the team effectively. They are also responsible for implementing new business strategies to ensure members are retained.
To be part of the Discover Strength team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees.
How To Open a Discover Strength Franchise
Before making any financial commitment or signing an agreement with Discover Strength, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Discover Strength franchising team questions.
Also, consider carrying out the necessary research and seeing if a Discover Strength franchise would do well in your area. A typical franchise agreement runs for ten years. Franchisees may be allowed to renew their agreement if they meet the Discover Strength requirements.
If awarded a franchise, franchisees receive a great deal of support from the Discover Strength brand throughout the process. In addition to pre-opening training, franchisees receive support through brand awareness, marketing, research, and construction. Discover Strength franchisees also receive hands-on training and continued support after their franchise location has opened.
Franchisees will be expected to attend both classroom and hands-on training prior to opening their location. This is in the interest of best equipping franchisees to run Discover Strength locations. Discover Strength is ready and willing to open franchisee-led locations in the United States.
Company Overview
About Discover Strength
Business Overview
| Franchising Since | 2020 (4 years) |
|---|---|
| # of employees at HQ | 9 |
| Where seeking |
This company is offering new franchises throughout the US. |
| # of Units | 9 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Discover Strength franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$49,000 |
|---|---|
|
Initial Investment
|
$373,000 - $611,000 |
|
Net Worth Requirement
|
$300,000 |
|
Cash Requirement
|
$50,000 |
|
Royalty Fee
|
6% |
|
Ad Royalty Fee
|
2% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | Discover Strength has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, accounts receivable, payroll |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 40 hours |
|---|---|
| Classroom Training | 40 hours |
| Ongoing Support |
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Franchisee Intranet Platform
|
| Marketing Support |
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 4-8 |
|
Are exclusive territories available?
|
No |
Additional Rankings
Curious to know where Discover Strength ranked on other franchise lists? Find out below.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to Discover Strength.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
I Built a $1 Million Business While Overcoming a Disability — Here's How I Did It
When facing struggles and setbacks, dream big, embrace your true self, and disregard any limits others impose on you. Ultimately, what truly counts is the effort you put into achieving your goals.
The Franchise Industry is on The Verge of Massive Change With Private Equity's Potential $8 Billion Acquisition of Jersey Mike's
Two iconic brands, Subway and Jersey Mike's, may sell to private equity after years of being closely held. Heavyweight PE firms are an increasing force within the franchising sector, marking a strategic shift and altering the industry landscape.
3 Ways to Get on The Road to Franchising — And How to Find the Right Business For You
Although franchising contributes significantly to the US economy, most US business schools lack dedicated franchising curriculums. These three sources will help you get started and find out which franchise is right for you.
Looking for a Spotless Investment Opportunity? Discover the Best Cleaning Franchises to Own in 2024.
From sparkling floors to polished windows, clean your way to success with the best cleaning franchises, according to the 2024 Franchise 500 Ranking.
One Factor Is Helping This Entrepreneur Tackle Business Ownership Later in Life. Now, She's Jumping Into a $20 Billion Industry.
Stacey Howell has reinvented herself multiple times. In her latest move, she leverages her extensive corporate career, history of public service and experience running a nonprofit as a Woodhouse Spa franchisee.
This Franchise Leader Just Became the Newest Investor on Dragons' Den, the Canadian Shark Tank
Brian Scudamore, founder and CEO of 1-800-GOT-JUNK?, is joining the cast of Dragons' Den in Canada.
