How much does a Gymboree franchise cost?
- Initial Franchise Fee: $35,000 to $45,000
- Total Investment: $120,392 to $277,455
- Working Capital: $20,000 to $45,000
- Royalty Fee: 6.0%
Full Answer
How much does it cost to franchise Gymboree?
$35,000 - $45,000 initial franchise fee for the first franchise award, based on chosen model. (A transfer fee applies in lieu of the Franchise Fee, for resale locations.)
How much does a Gymboree make?
Average Gymboree Play & Music hourly pay ranges from approximately $9.00 per hour for Party Host to $20.02 per hour for Daycare Teacher. The average Gymboree Play & Music salary ranges from approximately $21,345 per year for Preschool Teacher to $103,945 per year for Accounting Manager.
When was Gymboree founded?
1976, San Francisco, CAGymboree / FoundedGymboree's story began in 1976 when Joan Barnes, a mother from Marin County, California, tried to find a safe, fun place featuring age-appropriate activities for parents and young children to play together. Unable to do so, she did what any innovative, entrepreneurial mom would: she started her own program!
How do I become a Gymboree model?
You can apply in two ways. Visit the Gymboree website, fill out the entry form, and submit a photograph of your child smiling. You can also create an Instagram account set to “public.” Post a photograph of your child smiling. The upload must be tagged using the hashtag #SmileBabySmileContest.
Who owns Gymboree?
The Children's PlaceGymboree / Parent organizationThe Children's Place Inc. is a specialty retailer of children’s apparel and accessories headquartered in New Jersey. It also markets apparel under the Children's Place, Place, Baby Place, and Gymboree brand names. Wikipedia
Why is Gymboree closing?
This is the company's second bankruptcy in less than two years, but this time all Gymboree stores will be closed. Some said the company went under because it couldn't sustain the debt it took on from a leveraged buyout by Bain Capital, while others fault Gymboree for failing to adapt to changing consumer tastes.
Who bought Gymboree?
The Children's PlaceGymboreeTypeSubsidiaryFounded1976ProductsChildren's clothes & ToysParentThe Children's Place (2019–present)Websitewww.Gymboree.com2 more rows
Is Gymboree good?
Overview. Gymboree has a consumer rating of 2.09 stars from 132 reviews indicating that most customers are generally dissatisfied with their purchases.
How do Gymboree clothes run?
Gymboree runs at least six months large on my slim four year old, whereas Old Navy and Crazy8 clothes run truer to size. By "truer to size" I mean truer to my son's build, of course. A chunkier child might fit into 3T Gymboree at precisely three years old.
How many steps are there to become a gymboree?
Thank you for your interest in Gymboree Play & Music! There are just three (3) steps to becoming a Gymboree Play & Music Franchisee.
What do our successful franchisees have in common?
They are hands-on! They share a genuine interest in early child development and education.
What is GPM brand?
Whether it's our home office team or our franchise community, the GPM brand has proven expertise in early childhood education and franchise management.
Is Gymboree Play and Music a franchise?
Our franchisees come from all walks of life, but they share a common passion for running their own business and for helping young minds develop. Running a Gymboree Play & Music franchise requires many things and we will train you in required disciplines to help you succeed. Owning a Play & Music franchise is both challenging and personally fulfilling.
Who created the Gymboree Play and Music Program?
San Francisco mother Joan Barnes created the Gymboree Play and Music Program in 1976 when she couldn't find a safe place for new parents and children to play and exercise together. There are now locations across the United States and throughout the world.
Is Gymboree closing in Ohio?
The chain is closing 11 stores in Ohio, including tw ...
Can you own a franchise if you are absent?
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)
What is a gymboree play?
Franchise Description: GPPI, Inc. is the franchisor. Gymboree Play & Music Centers offer non-therapeutic sensory-motor, child programs (with or without a parent), early childhood music and art programs, exercise programs, birthday parties, theme parties and story line parties for infants and children in specified ages, and programs for parents and parents-to-be, using specially designed equipment and program aids. Gymboree Play & Music Metro Play Centers offer a limited selection of the above programming. The Gymboree Play & Music system currently includes programs for infants and children from birth to the age of five.
How long is franchise training?
The training sessions generally last eight days and average approximately nine hours per day. The franchisor may require (i) franchisees (or, if they are a corporation, partnership or limited liability company, a principal who owns at least 51% and is approved by the franchisor) or the principal operating officer and (ii) the Operations Manager and teachers to attend regional training sessions and teacher training programs from time to time in order to maintain consistency in the system. Franchisees (or a principal who owns at least 51% and is approved by the franchisor) must attend once annually a franchisee meeting to discuss and review new programming ideas and concepts.
What are the obligations of a franchisee?
Obligations and Restrictions: During the term of the Franchise Agreement, franchisees (or , if they are a corporation, partnership or limited liability company, at least one of the principals who has signing authority on behalf of the corporation, partnership or limited liability company and is approved by the franchisor) must devote full-time and best efforts to the management and operation of the center, and must not engage in any other outside activities which will interfere with the performance of the duties required. Franchisees (or, if they are a corporation, partnership or limited liability company, a principal of the franchise who has signing authority on behalf of the corporation, partnership or limited liability company and who is approved by the franchisor) must be in charge of its day-to-day operations. The center must be personally managed on a full-time basis by a person who has successfully completed all training required by the franchisor and meets all of the franchisor’s other then-current standards. The franchisor strongly recommends that the franchisee personally manage the center on an “on-premises” basis. Franchisees must keep the franchisor advised of the identities of the Operations Manager and other supervisors of the center, and the franchisor will have the right to deal with the Operations Manager on matters pertaining to day-today operations of, and reporting requirements for, the center. Franchisees must (1) sell or offer for sale only those products and services as the franchisor has expressly approved for sale in writing and as described in the Operation Manuals; (2) refrain from any deviation from the franchisor’s standards and specifications without its prior written consent; and (3) discontinue selling and offering for sale any products and services which the franchisor may, in its discretion, disapprove in writing at any time.
Does franchising offer financing?
Financial Assistance: The franchisor does not offer direct or indirect financing. The franchisor is unable to estimate whether the franchisee will be able to obtain financing for all or any part of the investment and, if franchisees are able to obtain financing, the franchisor cannot predict the terms of such financing. The franchisor does not guarantee the franchisee’s note, lease or obligations with third parties.
All the fun at Gymboree
Giving children a fun and safe space to play is an essential part of parenting. At Gymboree, they offer sensory-motor programs for children to enjoy with or without their parent. These programs consist of music and arts programs that are geared towards specific ages including infants.
Jumping out of here
If helping provide the community with a fun and safe center for young children interests you, then Gymboree would be a fantastic option for you. However, with the few disadvantages and high turnover rate of the company, there may be a few factors worth looking into before making any final decisions.
What is a gymboree?
Gymboree Play & Music Centers franchise system offers non-therapeutic sensory-motor, child programs (with or without a parent), early childhood music and arts programs, exercise programs, birthday parties, theme parties and storyline parties for infant and children in specified ages, and programs for parents and parents-to-be, using specially designed equipment and program aids. Gymboree Play & Music Metro Play Centers offer a limited selection of the above programming.
Are there any Gymboree franchise opportunities near me?
Based on 2015 FDD data, Gymboree has franchise locations in 0 states . The largest region is the West with 0 franchise locations.
