The Exercise Coach Franchise Costs: Estimated Initial Investment (Item 7, 2021 FDD)
- 1. Initial Franchise Fee: $49,500
- 2. Initial Training Fee (up to 3 people): $2,500
- 3. Food, Lodging, and Travel (up to 4 people): $1,000 to $7,000
- 4. Lease Deposit and 3 Months’ Rent: $8,000 to $16,000 (studio); $4,000 to $12,000 (suite) These figures presume that you will be leasing your premises for your personal training studio or suite. ...
Full Answer
What does a franchise coach do?
Franchise business coaching is not consulting or brokerage—in short, the role of a coach is to help discover what a franchise business can do for you and which business will best meet your individual income, lifestyle, wealth and equity goals.
How much is an exercise coach franchise?
As an owner, you are delivering a workout that isn't able to be replicated anywhere in your market. To buy a franchise with The Exercise Coach, you'll need to have at least $75000 in liquid capital and a minimum net worth of $500000. The Exercise Coach charges a franchise fee of $49500.
How much is a franchise fee usually?
between $25,000 to $50,000Franchise fees are typically between $25,000 to $50,000 on average. 2) Startup Costs: These are the expenses you'll incur to get your new business open and operating. Initial investment costs vary widely from franchise to franchise.
Who owns The Exercise Coach?
Gerianne co-founded The Exercise Coach in 2000 with her husband, Brian. Her partnership in the operation of multiple Exercise Coach studios led to the vision and success that laid the groundwork for The Exercise Coach Franchise System.
Is the perfect workout a franchise?
We're NOT a Franchise It's pretty common for people to think The Perfect Workout is a franchise because we have so many locations. But we're not. In fact, we are the LARGEST privately owned 1-on-1 personal training company in the world. The quality of our workout and our Trainers is very important to us.
How do franchise owners get paid?
How do franchise owners get paid? Franchise owners can pay themselves a salary or depending on their business entity, they may be able to take a draw from their accumulated equity.
What is the McDonald's franchise fee?
$45,000McDonald's Franchise Cost / Initial Investment / Income Most McDonald's owner/operators have entered the corporation by purchasing an existing restaurant. To open a McDonald's franchise, however, requires a total investment of $1-$2.2 million, with liquid capital available of $750,000. The franchise fee is $45,000.
What does a KFC franchise cost?
For non-traditional KFC outlets, KFC charges an initial license fee of $22,500. For traditional KFC franchise agreements, the franchise (or initial license) fee is $45,000 split into the deposit fee and the option fee.
What percentage does a franchise take?
The average or typical royalty percentage in a franchise is 5 to 6 percent of volume, but these fees can range from a small fraction of 1 to 50 percent or more of revenue, depending on the franchise. Marketing Fees. Franchises often require participation in a common advertising or marketing fund.
What is Starbucks franchise fee?
What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.
How is franchise fee calculated?
An alternative method to calculating franchise fees is to set a percentage of the income, or gross revenue, of the franchise. The franchisee can pay this amount on a weekly or monthly basis. For example, 5% of the franchisee's gross revenue each month. The franchise agreement should specify this percentage.
Are franchise fees negotiable?
The initial franchise fee isn't typically negotiable. It would not look good for a franchisor to offer different initial franchise fees to different franchisees.
What is a franchise coach?
3. A Franchise Coach Is A Franchise Consultant … a Franchise Broker.
What Is A Franchise Consultant/Broker/Coach?
A franchise consultant/broker/coach attempts to match people to franchise opportunities that are in her portfolio of franchise opportunities-so she can get paid.
What does it mean to sign a franchise agreement?
FYI: A signed franchise agreement ( contract) along with a paid in full franchise fee means they get paid ( by the franchisor they’re contracted with )! You bet they’ll stay involved with you. As a matter of fact, you’ll hear from them a lot. They’ll stick to you like
What is the second message in franchise coaching?
The second message contains a classic franchise coaching line: “ Our process is just like working with a realtor .”
What is a coach?
A Coach. The definition of a coach, from The Free Dictionary: A person who trains an athlete or team: a football coach. A private instructor for a student, singer, actor, etc.
Is a coach the one leveling the playing field?
Translation: The coach is actually the one leveling the playing field. That’s because he’s only presenting franchises that he has contracts with. There are over 3,000 different franchise opportunities available in the U.S. a Franchise Coach is only contracted with 100-300 of them. The playing field is immediately a whole lot smaller when you choose to work with a coach/consultant/broker. It’s just math!
Background
The name of the franchise is The Exercise Coach. A LOW-COST, SIMPLE and PROFITABLE franchise.
Support and Training Offered By The Exercise Coach
Initial training ‐ 5 days classroom, 2 ‐ 5 days observation, hands-on and onsite. Covers operations, sales and marketing, human resources, customer service. How to use technology. Pre-build-out training. Includes national personal training certification for all trainers/coaches.
Franchises Similar to The Exercise Coach
Legends Boxing, Blint Shakes, Max Muscle Sports Nutrition, Hard Exercise Works, Bounce! Trampoline Sports, THE MAX Challenge, Smart Drinks, PRO Martial Fit, Kids In Sports, The Hot Yoga Spot, Orangetheory Fitness, Anytime Fitness, Planet Fitness, F45 Training, Crunch, Burn Boot Camp, Gold's Gym
