Franchising%20Assignment

Franchising%20Assignment - exp and Management exp, sales...

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Garrett Ozar Franchising Assignment ENT 201 Fall 2007 Due November 8, 2007 (25 points) Franchise Snap Fitness Inc. Anytime Fitness Gold’s Gym Year Began: 2003 2001 1965 Franchising Since: 2004 2002 1980 U.S. Franchises (#): 422 450 600 Company Owned Locations (#): 6 12 50 Seeking Franchises Where: Nationwide Nationwide and Canada Nationwide and Worldwide Total Investment: 130k-140k 32k-282k 300k-2M Franchise Fee: 15k 11.99k 25k Royalty Fee: 399/mo. 399/mo. 3% Term of Agreement: 5 years, renewable 5 years, renewable 10 years, renewable Renewal Fee: n/a $500 50% of initial fee Financing Available? Third party only No Third Party Net Worth Requirement: 150k-200k 50k 800k Cash Liquidity Requirement: 50k-70k 13.5k-70k 300k Entrepreneur Experience Requirements: n/a General business experience Industry experience General business
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Unformatted text preview: exp and Management exp, sales exp, interest in fitness, and community involvement Training Support: 2 days @ headquarters @ headquarters or at location (3 days) @ headquarters for 1 weak Ongoing Support: Meetings, phone, internet, security/safety, field Newsletter, meetings, phone, grand opening, Newsletter, meetings, phone line, grand opening, operations, purchasing cooperatives, grand opening internet, security/safety procedures, field operations, purchasing cooperatives internet, field operations, and purchasing cooperatives Marketing Support: Co-op advertising, ad slicks, national media, regional advertising Ad slicks Co-op advertising, plus marketing campaign and vendor program...
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Franchising%20Assignment - exp and Management exp, sales...

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