Stretch-n-Grow Franchise Cost & Fees
Date of Incorporation: 1992
Franchising Since: 1992
Headquarters: Seminole, Florida
Description: Stretch-N-Grow is a children’s exercise and fitness program developed by Champion Child, Inc.
Franchise Offer: The franchise offered is the right to sell a children's exercise and fitness program developed by Champion Child within a specified exclusive territory using the company-owned Stretch-N-Grow trademark and logo.
Financial Assistance: The franchisor may assist with securing financing. The franchisor does not guarantee note, lease or obligation.
Training and Assistance: The franchisor will provide a training program in a location designated by the franchisor. The training program is conducted by a representative of a franchisor and lasts for three days. The training includes instruction in the marketing, promotion, and operation of the franchised business, including demonstration classes using the program.
Territory: The franchisee will be granted exclusive territory delineated by geographically connected zip codes. Prior to execution of the Agreement, a map and/or written description of the exclusive territory must be determined by the franchisee and franchisor. The franchisor will not itself sell or permit another Stretch-N-Grow Affiliate to sell the program to child care facilities or other venues located within the exclusive territory without the franchisee’s permission. The franchisee may not sell the program to child care facilities located outside of the exclusive territory without the prior written consent of the franchisor.
Term of Agreement and Renewal: Term begins upon execution of Agreement and payment of fees; no ending date providing all terms of Agreement are kept.
Obligations and Restrictions: Either the franchisee or another qualified person approved by the franchisor must conduct the classes using the program. Franchisees are required to undergo background checks and complete the franchisor’s certification program. In addition, all employees of the franchisee are required to do the same. There are no restrictions or conditions imposed by the franchisor, either by the Agreement or otherwise, whereby franchisee are restricted as to the customers to whom they may sell, as long as those customers are within the boundaries of the exclusive territory. Franchisees are expected to follow the basic concepts and curriculum provided and/or approved by the franchisor. Products bearing the Stretch-n-Grow name or logo must be pre-approved by the franchisor.
Total Number of Units: 242 franchised units
Financial Statements: The franchisor has based these figures on its operations since 1992. These figures are estimates by the franchisor:
|Amount Charged to Parents Per Week = $5.00||Average Class Size Per Week = 10||Income Per Class = $50.00|
|Average # Classes Per Day = 2||# Days Classes Are Held = 5||Income Per Week = $500.00|
|Name of Fee||Low||High|
|Initial Franchise Fee||$22,600||$22,600|
|Name of Fee||Amount|
|Administrative/Licensing Fee||$50.00- $150.00|
|Transfer Fee||$1,500 plus training expenses|
|Declined Payment Fee||$10-$25|
The above information has been taken from the UFOC/FDD of Stretch-n-Grow.
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