Start a Core Progression Elite Personal Training Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $171K - $460K

Units as of 2021: 7 250.0% over 3 years

Core Progression Elite Personal Training is a wellness facility emphasizing individualized results. The company boasts meticulously maintained facilities paired with trainers at the ready. Individualized results may be the focus of every relationship at Core Progression Elite Personal Training.

Customers may create a personalized plan with their trainer and can choose from preset fitness programs at any time. Core Progression Elite Personal Training could offer unique training programs emphasizing bridal needs, pageant training, weight loss, sports training, and physical therapy.

Each Core Progression Elite Personal Training location only allows several hundred members to guarantee that their patrons will receive quality attention and support in reaching their goals. Not only do customers get the gym experience complete with a personal trainer, but they also receive help in areas like nutrition and recovery.

Why You May Want To Start a Core Progression Elite Personal Training Franchise

A fitness background may not be necessary to become part of the Core Progression Elite Personal Training team as a franchisee. Qualities of people who may make a good fit include highly motivated individuals who are driven by growth, capable of leading a team, and have business experience or aptitude. Interaction with customers is key, so franchisees may benefit from being friendly and excited to positively influence the fitness industry.

Core Progression Elite Personal Training has won multiple awards in Colorado, where the company was founded.

What Might Make a Core Progression Elite Personal Training a Good Choice?

In addition to being an informed, well-maintained, and welcoming center for fitness, there is a level of flexibility that is extended to the customers. Core Progression Elite Personal Training promotes the idea that no fitness goal is off-limits, and the core trainers work with individual customers to create a plan that works for them. They also spend time training them in the gym and providing knowledge that may help their customers see growth.

To be part of the Core Progression Elite Personal Training 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. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.

How To Open a Core Progression Elite Personal Training Franchise

Before making any financial commitment or signing an agreement with Core Progression Elite Personal Training, 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 Core Progression Elite Personal Training franchising team questions.

If awarded a franchise, franchisees receive a great deal of support from the Core Progression Elite Personal Training brand throughout the process. In addition to pre-opening training, you may get help with brand awareness, marketing, research, and construction. Core Progression Elite Personal Training also offers hands-on training and continued support after their franchise location has opened.

Company Overview

About Core Progression Elite Personal Training

Industry	Personal-Care Businesses
Related Categories	Fitness
Founded	2008
Leadership	Jonathan Cerf, CEO
Corporate Address	10693 Melody Dr. Northglenn, CO 80234
Social	Facebook, Twitter, LinkedIn, Instagram

Business Overview

Franchising Since	2017 (7 years)
# of employees at HQ	8
Where seeking	This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Missouri, Mississippi, Montana, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming
# of Units	7 (as of 2021)

Information for Franchisees

Here's what you need to know if you're interested in opening a Core Progression Elite Personal Training 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 Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$45,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$170,500 - $460,030
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$500,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$125,000
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	5%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	to 2%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	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	Core Progression Elite Personal Training has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, 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	15 hours
Classroom Training	30 hours
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Grand Opening Online Support Security & Safety Procedures Lease Negotiation Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising 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?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	1
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes