My Gym Children's Fitness Center

Early-learning/fitness programs
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Franchise 500 2023
Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$37K - $277K
Units as of 2019
694 Increase 63.3% over 3 years

Company Overview

My Gym was founded in 1983 when partners Yacov and Susie Sherman and Bill Caplin opened their first centers in Van Nuys and Santa Monica, California. The founders soon expanded their business throughout Southern California and there are now locations throughout the United States.

My Gym offers movement, tumbling and exercise classes for children aged 3 months to 9 years.

About My Gym Children's Fitness Center

Industry Children's Businesses
Related Categories Children's Fitness Programs, Miscellaneous Children's Businesses, Fitness
Founded 1983
Parent Company Gym Consulting LLC
Leadership Cory Bertisch, CEO
Corporate Address 15300 Ventura Blvd., #523
Sherman Oaks, CA 91403
Social Facebook, Twitter, Instagram

Business Overview

Franchising Since 1995 (29 years)
# of employees at HQ 30
Where seeking

This company is offering new franchises in the following US states:

This company is offering new franchises in the following international regions:

# of Units 694 (as of 2019)

Information for Franchisees

Here's what you need to know if you're interested in opening a My Gym Children's Fitness Center 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 Information Circle
$25,000 - $55,000
Initial Investment Information Circle
$36,760 - $277,200
Net Worth Requirement Information Circle
$100,000 - $200,000
Cash Requirement Information Circle
$35,000 - $65,000
Veteran Incentives Information Circle
10% off franchise fee
Royalty Fee Information Circle
7-8%
Ad Royalty Fee Information Circle
1%
Term of Agreement Information Circle
12 years
Is franchise term renewable? Yes
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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 My Gym Children's Fitness Center has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory

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 17 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
Social Media
SEO
Website Development
Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed? Yes
Can this franchise be run from home/mobile unit? Information Circle
Yes
Can this franchise be run part time? Information Circle
No
# of employees required to run 6-10
Are exclusive territories available? Information Circle
Yes
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Franchise 500 Ranking History

Compare where My Gym Children's Fitness Center landed on this year's Franchise 500 Ranking versus previous years.

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Updated: December 12th, 2022