Fitness Together
Date of Incorporation: 1996
Franchising Since: 1996
Address: Highlands Ranch, Colorado
Country: U.S.
Description: The franchisor's business activities include the grant of Fitness Together franchises in which they offer a unique and comprehensive system of providing individualized 1 on 1 personal fitness training within the individual franchise territory.
Franchise Offer: The franchisor will offer a Franchise Agreement which grants the right to own and operate 1 Fitness Together franchise. The franchisee will sell and provide individualized 1 on 1 personal training services and other related services and products within the Territory. They will operate the Franchised Business according to standards, specifications, operating procedures and other procedures which make up the unique FT Franchise System. The distinguishing characteristics of the Franchise System include the interior layout and design, color scheme, signage and equipment, the name and mark "Fitness Together, 1 Client, 1 Trainer, 1 Goal" together with other elements of the franchise system.
Financial Assistance: Neither the franchisor nor any affiliate offer, direct or indirect financing. The franchisor does not guarantee your note, lease or other obligation. The franchisor and their affiliates have no past or future intent to sell, assign or discount to any third party, in whole or in part, any financing arrangements. The franchisor has an arrangement with U.S. Bancorp Business Equipment Finance Group, an unaffiliated third-party to offer indirect financing directly to franchisees. Franchisees may elect to use them to finance all or none of their fitness equipment, furniture, fixtures, and computer hardware and software purchases. The franchisor does not guaranty any notes, leases or obligations to third parties.
Training and Assistance: The franchisor’s training consists of providing franchisees with a detailed Operations Manual, providing in-person Initial Training for two people, and providing ongoing assistance and support. The franchisor will provide the franchisee and one other person with the Initial Training at no additional costs. There is a fee of $2500.00 per person for each additional person who attends the Initial Training. The Initial Training classes are conducted at corporate headquarters in Colorado. The Initial Training will generally last four to seven days. The subjects covered, instructional materials, hours of classroom and/or hands-on training, and instructors for the training are periodically subject to change. The training includes 40 hours of classroom training, based at headquarters.
Territory: The franchisee will select and purchase a defined territory from the franchisor’s inventory of available territories. The franchisee will open and operate his or her Franchise at a location accepted by the franchisor within that Territory. The typical territory will be defined by population, demographic profiles, consumer profile, business opportunity or other conditions important to the successful operation of the franchise as we deem appropriate. The typical franchise territory will include approximately 3,500 households which meet the Fitness Together consumer profile, as defined by an independent market research firm.
Term of Agreement and Renewal: Term of agreement is 10 years, with an option to renew for additional periods of five years each.
Obligations and Restrictions: During the Term of the Franchise Agreement, the franchisee must use the Franchised Business premises solely for the operation of the Franchised Business. They must keep the Franchised Business open, in a normal operation for such minimal hours and days as specified by the franchisor. The franchisee or the fully trained manager must devote full time and best efforts to the management and operation of the Franchised Business. The Franchised Business must at all times be under the direct on premises supervision of a manager who has satisfactorily completed the Initial Training Program.
Total Number of Units: 336 units worldwide.
Investment Tables:
Initial Investment:
| Expenditure | Low | High |
|---|---|---|
| Initial Franchise Fee | $34,000 | $34,000 |
| Monthly Lease Space Rent | $2,500 | $7,000 |
| Lease and Utility Security Deposits | $0 | $8,000 |
| Leasehold Improvements | $1,000 | $120,000 |
| Equipment | $30,000 | $45,000 |
| Furniture and Fixtures | $4,000 | $5,000 |
| Computer / Software and Supplies / Office Equipment | $10,000 | $15,000 |
| Initial Training | $3,300 | $4,000 |
| Advertising | $5,000 | $10,000 |
| Website Set-up | $870 | $870 |
| Signs | $5,000 | $8,500 |
| Business licenses and permits | $100 | $700 |
| Insurance | $2,000 | $2,500 |
| Miscellaneous opening costs | $2,000 | $4,000 |
| Management Software Setup Fee | $2,117 | $2,117 |
| Additional funds (6 months) | $30,000 | $45,000 |
| Total Estimated Initial Investment | $131,887 | $311,687 |
Ongoing Fees:
| Name of Fee | Amount |
|---|---|
| Arbitration | 50% of arbitration fees and costs plus additional costs and attorneys' fees (costs to be determined) |
| Assistance locating a purchaser (for transfer or resale) | $2,500 plus marketing expenses |
| Changed Requirements | Varies depending on changes |
| Collection Costs | Actual costs to complete collection |
| Commission {if we find a buyer to purchase your franchise) | $5,000 |
| Computer (hardware and software) upgrades | Not to exceed $10,000 during the initial term of the franchise agreement |
| Computer Software | $108 per month |
| Computer Software (additional) | Estimated costs are $1,000 to $1,800 every 3 years, if required |
| Computer Software (nutritional) | $59.95 per year |
| Default Fee | $250 |
| Default Operation Costs (in event of your default) | Up to $5,000 per month |
| Defense or enforcement costs | All costs including attorneys' fees (costs to be determined) |
| Dishonored check or insufficient fund charge | $150 |
| Email account fee | $2 per month per account |
| Equipment, inventory, products and materials (in addition to initial requirements) | Varies based on items and quantity ordered. |
| Guaranty (enforcement of) | Varies depending on the franchisor's actual costs. |
| Indemnification | All costs including attorneys' fees (costs to be determined). |
| Insurance | Varies by coverage and provider |
| Late Payments | Greater of 10% of the amount due or $150 |
| Marketing Cooperative | As established |
| Marketing Fund | $500 per month with annual increases up to 5% per year |
| Refurbishing (upon renewal) | Estimated costs are $5,000 to $30,000 |
| Renewal Fee | $8,500 |
| Royalty | 6% of gross receipts |
| Royalty Underpayments (Audit) | 12% of the understated gross sales, plus our costs and attorney and accountant fees (if understated amount is more than 2%). Estimated range of costs is $600 - $3,000. |
| Supply or Supplier Approval | $100 per hour |
| Training (for new or additional employee or manager) | $2,500 per employee plus costs for travel, sustenance, lodging and other expenses. Total estimated costs are $4,500 - $5,000 per person. |
| Training (refresher) | $2,500 per person plus costs for travel, sustenance, lodging and other expenses. Total estimated costs are $4,500 to $5,000 per person. |
| Training (additional) | $0 to $3,000, plus costs for travel |
| Transfer fee | $10,000 |
Date of FDD: 2009
The above information has been compiled from the FDD of Fitness Together along with online sources.
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