My Gym Children's Fitness Center

My Gym Children's Fitness Center

Early-learning/fitness programs
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2021 Franchise 500 Rank
N/R Ranked #202 last year
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Initial investment
$37K - $277K
Units as of 2019
694 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

Founded
1983
Parent Company
Gym Consulting LLC
Leadership
Cory Bertisch, CEO

Franchising Overview

Franchising Since
1995 (26 years)
# of employees at HQ
30
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
694 (as of 2019)

Franchisor Information

Corporate Address
15300 Ventura Blvd., #523
Sherman Oaks, CA 91403

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
$25,000 - $55,000
Initial Investment
$36,760 - $277,200
Net Worth Requirement
$100,000 - $200,000
Cash Requirement
$35,000 - $65,000
Veteran Incentives
10% off franchise fee
Royalty Fee
7-8%
Ad Royalty Fee
1%
Term of Agreement
12 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
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?
No
Can this franchise be run from home/mobile unit?
Yes
Can this franchise be run part time?
No
# of employees required to run
6
Are exclusive territories available?
Yes

Franchise 500 Ranking History

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

Additional Rankings

Curious to know where My Gym Children's Fitness Center ranked on other franchise lists? Find out below.

Ranked #29

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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