Welcyon, Fitness After 50

Fitness centers for ages 50-plus
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2021 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$259K - $363K
Units as of 2015
7 133.3% over 3 years

Company Overview

About Welcyon, Fitness After 50

Related Categories
Fitness
Founded
2009
Leadership
Paul Contris, Founder

Franchising Overview

Franchising Since
2011 (10 years)
# of employees at HQ
7
Where seeking

This company is seeking new franchisees throughout the US.

# of Units
7 (as of 2015)

Franchisor Information

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

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Welcyon, Fitness After 50 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
$30,000
Initial Investment
$259,100 - $363,000
Net Worth Requirement
$250,000
Cash Requirement
$70,000
Veteran Incentives
$10,000 off franchise fee
Royalty Fee
5%
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
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

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
1 week
Classroom Training
1 week
Additional Training
Weekly reviews prior to grand opening
Ongoing Support
Newsletter
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Marketing Support
Ad Templates
Marketing Planning & Support

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
5
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Welcyon, Fitness After 50 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