By: Madi Luckenbaugh. Their History The first club was opened on May 30, 2002 in Cambridge, MN. The first club was opened on May 30, 2002 in Cambridge,

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Presentation transcript:

By: Madi Luckenbaugh

Their History The first club was opened on May 30, 2002 in Cambridge, MN. The first club was opened on May 30, 2002 in Cambridge, MN. Co-founded by Chuck Runyan and Dave Mortensen Co-founded by Chuck Runyan and Dave Mortensen Runyan has more than 20 years of experience in managing, consulting, and owning health clubs. Runyan has more than 20 years of experience in managing, consulting, and owning health clubs.

Their Mission “Provide our customers with convenience and affordability without sacrificing quality.” “Provide our customers with convenience and affordability without sacrificing quality.”

What They Sell Profits come from membership fees and monthly fees, personal training, tanning, and vending. Profits come from membership fees and monthly fees, personal training, tanning, and vending.

What Affects the Profit The market size, demographics, efforts made by the owners, and economic factors affect the profits made in a franchise. The market size, demographics, efforts made by the owners, and economic factors affect the profits made in a franchise.

The Rankings #6 in 2013 Entrepreneur Franchise 500 #6 in 2013 Entrepreneur Franchise 500 #1 in Fitness Category #1 in Fitness Category Franchising Today’s “50 Top Franchises for Veterans and for Minorities” Franchising Today’s “50 Top Franchises for Veterans and for Minorities”

How They’re Doing Over 1 million members Over 1 million members Over 1,800 clubs worldwide (ex: Ireland, Belgium, Luxembourg, Canada, Qatar, Poland, Japan and more!) Over 1,800 clubs worldwide (ex: Ireland, Belgium, Luxembourg, Canada, Qatar, Poland, Japan and more!) 60% of franchisers own more than one club. 60% of franchisers own more than one club.

Future Plans No specific plans are listed other than to keep up with what they are doing and to approve along the way. No specific plans are listed other than to keep up with what they are doing and to approve along the way.

Help in the Community Provide support groups in the community Provide support groups in the community No known donations are made. No known donations are made.

The Process to Start Your Own Go to their website to do the following steps: 1. Determine your compatibility to see how this fits you. 2. Contact them. 3. Receive and fill out the Franchise Disclosure Document 4. Receive and sign the franchise agreement 5. Make the final decision 6. Attend training 7. Open your club!

The Fees Start-up Cost: Anywhere from $71,599 to $353,900 Start-up Cost: Anywhere from $71,599 to $353,900 Franchise Fee: $26,999 Franchise Fee: $26,999 Monthly Payment: $499 Monthly Payment: $499

What is Provided There are no requirements from the franchiser listed, but they do provide a lot to you: There are no requirements from the franchiser listed, but they do provide a lot to you: Training, Building Process, Location Settlement, Club Layout, Interior Design, Security, and Surveillance Systems Training, Building Process, Location Settlement, Club Layout, Interior Design, Security, and Surveillance Systems Franchise Consultant is provided to you. Franchise Consultant is provided to you. Weekly Conference Calls Weekly Conference Calls Advanced Training for managers and sales personnel Advanced Training for managers and sales personnel Shadowing Shadowing Contact: Contact:

Sources Used