Welcyon, Fitness After 50
Fitness centers for ages 50-plus

Welcyon, Fitness After 50
Fitness centers for ages 50-plus

About
Founded

2009

Franchising Since

2011 (9 Years)

Corporate Address

4420 Valley View Rd., #201
Edina, MN 55424

Leadership

Paul Contris, Founder

Financial Requirements
Initial Investment

$259,100 - $363,000

Net-worth Requirement

$250,000

Liquid Cash Requirement

$70,000

Ongoing Fees
Initial Franchise Fee

$30,000 - $30,000

Ongoing Royalty Fee

5%

Ad Royalty Fee

2%

Financing Options

Welcyon, Fitness After 50 has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Veteran Incentives

$10,000 off franchise fee

Support Options
Ongoing Support

Newsletter

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Marketing Support

Ad Templates

On-The-Job Training:

1 week

Classroom Training:

1 week

Additional Training:

Weekly reviews prior to grand opening

Absentee Ownership Allowed
Number of Employees Required to Run:

5 - 7

Cost
Initial Investment: Low - $259,100 High - $363,000
Units

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S.

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: April 27th, 2016