
Bodytek Fitness
Gyms- 2022 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$250K - $385K
- Units as of 2019
-
6 100.0% over 3 years
Company Overview
About Bodytek Fitness
- Industry
- Personal-Care Businesses
- Related Categories
- Fitness
- Founded
- 2010
- Parent Company
- Bodytek Fitness Franchising Inc.
- Leadership
- Michael Verdugo, Founder and CEO
Franchising Overview
- Franchising Since
- 2016 (6 years)
- # of employees at HQ
- 30
- Where seeking
-
This company is seeking new franchisees in the following US states:
- # of Units
- 6 (as of 2019)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Bodytek Fitness 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
- $19,900
- Initial Investment
- $249,600 - $384,500
- Royalty Fee
- 6%
- Ad Royalty Fee
- 1%
- 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
- Bodytek Fitness has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, 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
- 8 hours
- Classroom Training
- 8 hours
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty 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
- 7-10
- Are exclusive territories available?
- Yes
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