- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$121K - $280K
- Units as of 2016
-
738
Company Overview
San Francisco mother Joan Barnes created the Gymboree Play & Music Program in 1976 when she couldn't find a safe place for new parents and children to play and exercise together. There are now locations across the United States and throughout the world. Gymboree Play & Music centers offer different classes each week for children ranging from newborn through 4 years old. Classes are designed to stimulate the senses and encourage children's development.
About Gymboree Play & Music
| Industry | Children's Businesses |
|---|---|
| Related Categories | Children's Enrichment Programs: Miscellaneous, Tutoring, Children's Fitness Programs, Fitness |
| Founded | 1976 |
| Parent Company | Gymboree |
| Leadership | Mark Breitbard, CEO |
| Corporate Address |
500 Howard San Francisco, CA 94105 |
| Social |
Business Overview
| Franchising Since | 1978 (47 years) |
|---|---|
| # of employees at HQ | 14 |
| # of Units | 738 (as of 2016) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Gymboree Play & Music 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
|
$35,000 - $45,000 |
|---|---|
|
Initial Investment
|
$120,935 - $279,900 |
|
Net Worth Requirement
|
$270,000 |
|
Cash Requirement
|
$90,000 |
|
Veteran Incentives
|
Discounts on opening inventory |
|
Royalty Fee
|
6% |
|
Ad Royalty Fee
|
3.25% |
|
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 | Gymboree Play & Music 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.
| Classroom Training | 8 days |
|---|---|
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
|
| Marketing Support |
Co-op Advertising
Ad Templates
National Media
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 3-4 |
|
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Gymboree Play & Music landed on this year's Franchise 500 Ranking versus previous years.
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