How much does a HOTWORX franchise cost?
- Initial Franchise Fee: $19,950
- Total Investment: $188,070 to $351,885
- Working Capital: $12,000 to $35,000
Full Answer
How much does it cost to franchise a HOTWORX?
How many franchise locations do they have?
How do franchise profits work?
What is franchise grade?
How much does it cost to start HOTWORX?
How much does the HotWorx franchise cost? HotWorx has a franchise fee of up to $19,950 with a total initial investment range of $188,070 to $351,885.
How much does a HOTWORX franchise owner make?
The estimated total pay for a Franchise Owner at HOTWORX is $133,684 per year.
Who owns HOTWORX franchise?
stephen p. smithstephen p. smith, founder of hotworx, calls it 3d training. You'll call it a new way to workout with the benefits of heat and infrared energy, and one of the best things that ever happened to your fitness program.
How many HOTWORX locations are there?
The brand is poised for explosive growth now with over 210 locations open and close to 300 units in the active opening pipeline, and another 490 in the early stages of development.
How much is HOTWORX a month?
just $59 per monthBecause their overhead is lower than other boutique gyms, HOTWORX is able to offer memberships at a fraction of the cost of other small-scale fitness studios. Memberships are just $59 per month and sign-up promos are often and good!
What type of infrared sauna does HOTWORX use?
far-infraredThe patented HOTWORX workout sauna utilizes an IR heater design and configuration that emits 95% far-infrared energy and 5% mid-range IR for clients during workouts. This is important for heat generation and for better absorption through the skin.
Is HOTWORX good for weight loss?
No need to worry, this can be accomplished with just four HOTWORX® sessions because the average person burns 250–450 calories during a 30-minute infrared workout and experiences another 350–600-calorie after-burn during the 60 minutes immediately following the workout.
Does HOTWORX tone your body?
The HOTWORX method consists of the use of 30 minute isometric workouts for tone and flexibility and 15 minute HIIT workouts for more toning and cardio.
Why was HOTWORX invented?
The concept: Wanting to “give customers more workout in less time,” Stephen Smith developed HOTWORX, a concept that offers a variety of 30-minute pilates, hot yoga, isometric and high intensity interval training classes in an infrared sauna setting open 24 hours a day.
Does HOTWORX have contracts?
Hot Worx Membership After three months, your membership moves month to month, but they require sixty days' notice on cancellation, so you are locked in for the first five months once you sign up.
Are there showers at HOTWORX?
HOTWORX studios are well-appointed with communal stretch and weightlifting areas, water stations, showers and plenty of space to cool down post session.
Can you bring your own mat to HOTWORX?
They must be the HOTWORX brand because the mat is toxin free and made to withstand the heat and the towel is made to soak up perspiration and help with slippage. These two items can be purchased at the studio.
Where was HOTWORX founded?
New Orleans, LAHOTWORX—founded in New Orleans, LA—is revolutionizing the fitness industry by providing the ultimate hot exercise experience and is the first to launch a 24/7 business franchise model using its proprietary patented technology.
Is HOTWORX patented?
HOTWORX Infrared Workout Sauna is Now Patented.
What kind of business is HOTWORX?
fitness industryHOTWORX has revolutionized the fitness industry by providing the ultimate hot exercise experience with our patented, infrared workout sauna!
What is the business HOTWORX?
HOTWORX is a fitness franchise that has been considered a revolution for the industry. Instead of going to a traditional gym, customers work out with virtual instructors in a patented infrared sauna (HOTWORX®). The training (3D Training™) uses infrared heat that penetrates the body, accelerating detoxification.
Has anyone ever been to Hotworx? Anyone know relatively how ... - reddit
UPDATE: it’s $99 start up (includes your mat and towel) and $59 a month for unlimited classes. Did my trial class and it was amazing. Didn’t even feel like a workout and since you get the room to yourself, it relieved that gym anxiety from feeling like you’re being judged.
25 Substantial Fees Every Hotworx Franchisee Needs to Know - Franchise ...
If you are considering a Hotworx franchise, don’t get blindsided by these 25 important franchise fees (from the initial franchise fee, to the royalty fee, to 23 other fees found in Items 5 and 6 of Hotworx’s 2021 FDD).
How Much Does HOTWORX Pay in 2022? (157 Salaries) | Glassdoor
A free inside look at HOTWORX salary trends based on 157 salaries wages for 44 jobs at HOTWORX. Salaries posted anonymously by HOTWORX employees.
HotWorx Franchise Cost & Fees | How To Open | Opportunities And ...
Become a member of a HOTWORX franchise community. The business offers innovative fitness programs combined with infrared heat sauna. See the HotWorx - fitness studio franchise opportunities and the investment information here.
Positive & Negative Reviews: HOTWORX - AppGrooves
Positive & Negative Reviews: HOTWORX - 10 Similar Apps & 21,311 Reviews. HOTWORX --- Burn Calories with in 60 minutes
How much money does HotWorx make in 2020?
Hotworx franchisor revenue in 2018 was $1.3 million and increased to $3.3 million in 2020. The revenue is from franchise fees, and vendor rebates. This shows that their profits are increasing every year this is most likely due to the increase of franchise outlets. But with the increase in revenue caused an increase in expenses which is $2.7 million. With this, they are losing money and there is a deficit each year.
What is the startup period for additional funds?
Additional funds during startup period, such as for first three months, initial operations, and working capital
Does HotWorx affect your earnings?
Especially for workout places like this where you need to be in-person to get the full experience Hotworx could have taken a big hit which affected their earnings.
Does Hotworx have cash?
Although Hotworx’s net income is in the negatives, they do have cash at the end of the year. In 2020, Hotworx has $1.2 million in cash which is due to investing and an increase in deferred franchise fees. This is a good sign where Hotworx has cash on hand to keep growing their business and to recover from losses such as from the pandemic.
Does HotWorx have franchises?
Hotworx offers franchises where you can own and run your workout studio.
What is the FX zone in HotWorx?
In addition to the unlimited HOTWORX sessions, your studio members receive 24-hour access to the Functional Exercise or “FX” Zone, an area for productive use of time before, after, or in between infrared workout sessions.
What is the FX zone?
In addition to the unlimited HOTWORX sessions, your studio members receive 24-hour access to the Functional Exercise or “FX” Zone, an area for productive use of time before, after, or in between infrared workout sessions.
How long is a HIIT session?
A certified Virtual Instructor guides users through each 15-minut e High Intensity Interval Training (HIIT) session and 30-minute Isometric workout, providing a consistent workout experience that our franchisees and members can depend on!
ARE YOU THE NEXT HOTWORX FRANCHISEE?
Select Country... United States Afghanistan Albania Algeria American Samoa Andorra Angola Antigua and Barbuda Argentina Armenia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bosnia and Herzegovina Botswana Brazil Brunei Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Chad Chile China Colombia Comoros Congo, Democratic Republic of the Congo, Republic of the Costa Rica Côte d'Ivoire Croatia Cuba Curaçao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic East Timor Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Faroe Islands Fiji Finland France French Polynesia Gabon Gambia Georgia Germany Ghana Greece Greenland Grenada Guam Guatemala Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Israel Italy Jamaica Japan Jordan Kazakhstan Kenya Kiribati North Korea South Korea Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libya Liechtenstein Lithuania Luxembourg Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Marshall Islands Mauritania Mauritius Mexico Micronesia Moldova Monaco Mongolia Montenegro Morocco Mozambique Myanmar Namibia Nauru Nepal Netherlands New Zealand Nicaragua Niger Nigeria Northern Mariana Islands Norway Oman Pakistan Palau Palestine, State of Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Romania Russia Rwanda Saint Kitts and Nevis Saint Lucia Saint Vincent and the Grenadines Samoa San Marino Sao Tome and Principe Saudi Arabia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon Islands Somalia South Africa Spain Sri Lanka Sudan Sudan, South Suriname Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Tuvalu Uganda Ukraine United Arab Emirates United Kingdom Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands, British Virgin Islands, U.S. Yemen Zambia Zimbabwe
How long does it take to start a hotworx business?
Hotworx estimates the start-up phase to be 3 months from the date you open for business.
What are the fees associated with a business entity?
These fees may include inspection fees, occupational licenses, financing administrative and/or application fees, and legal fees associated with business entity set-up and lease review.
Does HotWorx have additional expenses?
These figures are estimates, and Hotworx cannot assure you that you will not have additional expenses. Your actual costs will depend on factors like your management skills, experience, and business acumen. You should base your estimated start-up expenses on the anticipated costs in your market and consider whether you will need additional cash reserves.
Do you have to purchase wholesale hotworx?
You will be required to purchase a specified amount of wholesale goods for the initial inventory of products to be offered for sale based on the size of your studio. A selection of Hotworx’s proprietary branded products and other branded products must be stocked.
Does HotWorx cover flood contents?
Flood contents coverage is highly recommended but not required by Hotworx.
Do all studios have to have the minimum equipment mix?
All studios are required to have the minimum required equipment mix.
Can HotWorx reject a lease?
Hotworx reserves the right to reject proposed lease sites if the estimated build out exceeds the stated estimate.
How much does it cost to buy HotWorx equipment?
Equipment costs are nonrefundable. The cost to buy this equipment ranges from $84,650 to $133,600 depending on the number of saunas located at your studio.
When do you need to purchase additional licenses for a single unit franchise?
To be eligible for this arrangement, you must purchase the additional licenses when you execute the first Single Unit Franchise Agreement.
How much does it cost to transfer a franchise to another DMA?
Should franchisee elect to transfer license to another DMA or development area, then a $5,000 transfer fee will be assessed.
What is included in the fee for a conference?
Fee includes registration for 2 attendees. It does not include cost of travel, lodging, food, or entertainment.
Does HotWorx charge a franchise fee?
When franchisee uses a credit card for purchases from Hotworx or its affiliates, Hotworx or its affiliates will charge franchisee a credit card processing fee.
Does HotWorx have an area development agreement?
Upon execution of a Franchise Agreement, Hotworx may elect to sign an Area Development Agreement with certain candidates. Franchisees with multiple options are required to adhere to a strict development schedule.
Does HotWorx include travel?
This fee is applicable when franchisee requests Hotworx to provide additional on-site training. This fee does not include travel, hotel, and per diem expenses for which you are also responsible.
Overview
You'll need $1,000 in liquid capital to open a HOTWORX. The company began expanding via franchising in 1970.
Related
HOTWORX is listed in the Franchise Directory under the Health & Beauty category and the Fitness category. It's also listed in the section for Franchises Under $10,000 .
How much does it cost to franchise a HOTWORX?
HOTWORX has a franchise fee of up to $19,950, with a total initial investment range of $188,070 to $351,885. The initial cost of a franchise includes several fees -- Unlock this franchise to better understand the costs such as training and territory fees.
How many franchise locations do they have?
As of the 2020 Franchise Disclosure Document, there are 84 franchised HOTWORX locations in the USA.
How do franchise profits work?
Franchise profits depend on a number of variables, including local demand for your product, labor costs, commercial lease rates and several other factors. Typically, franchise profits are proportionate to the size of investment. We can help you figure out how much money you can make by reviewing your personal situation.
What is franchise grade?
Franchise Grade is dedicated to providing research and education that can help you make confident franchise investment decisions.
