My Gym Franchise Profit

My gym children s fitness center is ranked 202 in the franchise 500.

My gym franchise profit.

From our award winning classes to the personalized support we provide our franchisees it s easy to see why we ve ranked on entrepreneur s franchise 500 list every year for nearly two decades. My gym can also be a company that boosts an individual s personal growth. Expect that your initial investment will run anywhere from 152 700 to 377 000. It s likely that my gym franchise owners who received sba loans may have collateralized their franchise loan with their homes or other personal assets and many were unable to repay those franchise loans despite the serious incentive to do so.

This includes an initial franchise fee of 24 750 to 49 500. The inability to repay an sba backed loan or any franchise loan for that matter indicates a serious situation for the franchisee. Reduce costs let s assume using the profit and turnover examples above that your staffing costs are 70 000 per year and other costs of running your gym add up to 25 000 that leaves you with 109 000 before corporate taxes of approximately 40. Bio my gym was founded in 1983 when partners yacov and susie sherman and bill caplin opened their first centers in van nuys.

The little gym says it maintains relationships with third party lenders willing to help out with financing. The franchise chatter blog examines the profit potential of the little gym locations based on item 19 of the company s 2015 fdd. So after tax you can expect to be left with 65 400. The pros to working at my gym is teaching children from 8 weeks 10 years old there s always opportunity to move up in the company and depending on your gym the schedule can be flexible.

The franchisor offers to enter into franchise agreements with qualified corporations and persons that wish to establish and operate my gym businesses. Estimated number of units. Innovating child s play the my gym way. Veterans receive a 50 discount.

For instances being with my gym has taught many people including myself to be.