- 2023 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$409K - $478K
- Units as of 2022
-
16 100.0% over 3 years
Body20 was founded in 2017 by Christopher Pena to narrow the gap between the body and mind regarding fitness. Body20 began franchising just one year later in an effort to reach its target audience better.
Body20 uses training methods that are technology-enhanced to realign the body and mind. The Body20 franchise is fitness-based and uses Electro Muscle Stimulation to strengthen muscles and support the joints and skeletal structure.
Body20 also has a cardio program that could help reduce cellulite by breaking down the collagen build-up responsible for this condition.
Why You May Want to Start a Body20 Franchise
To establish a Body20 franchise, you don't need to be a superb salesperson or a notable businessman. However, you should always put service first. Body20 is looking for people who share a similar passion for fitness and health, just like the founder.
Franchisees should be honest in their dealings, passionate about fitness and business, and willing to put in extra effort to ensure customer satisfaction. Potential franchisees should also possess excellent communication skills and be open to learning and acquiring new skills.
Opening a Body20 franchise could offer a more predictable outcome than investing in a completely new brand that may struggle to thrive in an already crowded and competitive industry.
What Might Make a Body20 Franchise a Good Choice?
Though conventional exercises are effective, they may cause many injuries, which can create permanent damage. Body20 uses technology that they believe is harmless and effective. The system that it uses should not cause any strain on ligaments, tendons, and joints.
Franchisees are responsible for ensuring that operations in the business are running smoothly. All such operations should aim to contribute to the long-term company strategy.
To be part of the Body20 franchise team, ensure that 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. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
How to Open a Body20 Franchise
Body20 believes it provides adequate training to ensure the growth of franchisees. After completing the initial training, franchisees may receive one-on-one calls weekly, in addition to continuous training on every aspect of the business. Body20 franchisees also receive assistance in hiring through the "gymtreprenuer" program in partnership with the National Academy of Sports Medicine.
As you decide if opening a Body20 franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and the local area to see if a Body20 franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
As part of your due diligence, don't hesitate to ask the Body20 franchising team or the already existing Body20 franchisees any questions that you may have.
It may be a good idea to speak with an attorney or financial advisor to ensure that you have the necessary financial resources to own and operate a Body20 franchise.
Company Overview
About Body20
Business Overview
Franchising Since | 2018 (2023-2018 years) |
---|---|
# of employees at HQ | 21 |
Where seeking |
This company is offering new franchisees throughout the US. |
# of Units | 16 (as of 2022) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Body20 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
|
$65,000 |
---|---|
Initial Investment
|
$409,022 - $478,441 |
Net Worth Requirement
|
$550,000 |
Cash Requirement
|
$150,000 |
Veteran Incentives
|
15% off franchise fee |
Royalty Fee
|
7% |
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 | Body20 has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory |
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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 | 24 hours |
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
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 | 7 |
Are exclusive territories available?
|
Yes |
Interested in ownership opportunities like Body20? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Body20 landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
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