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2021 Franchise 500 Rank
N/R Ranked #274 last year
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Initial investment
$92K - $173K
Units as of 2021
203 22.3% over 3 years

Company Overview

About GYMGUYZ

Related Categories
Fitness
Founded
2008
Leadership
Josh York, Founder & CEO

Franchising Overview

Franchising Since
2013 (8 years)
# of employees at HQ
19
# of Units
203 (as of 2021)

Franchisor Information

Corporate Address
1 Dupont St., #108
Plainview, NY 11803

Information for Franchisees

Here’s what you need to know if you’re interested in opening a GYMGUYZ 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
$40,000
Initial Investment
$92,200 - $172,601
Net Worth Requirement
$150,000
Cash Requirement
$100,000
Veteran Incentives
$5,000 off franchise fee
Royalty Fee
6%
Ad Royalty Fee
2%
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
GYMGUYZ 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
10 hours
Classroom Training
30.5 hours
Additional Training
Ongoing
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
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?
Yes
Can this franchise be run part time?
No
# of employees required to run
1
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where GYMGUYZ landed on this year’s Franchise 500 Ranking versus previous years.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021