Can some one please take a look at this and let me know if this sounds reasonable?
Franchise Fees
Initial fee is $55,000
A monthly royalty fee equal to 6% of gross revenues
Fees and royalties pay for: The license to use the trade names, area selection and lease assistance, initial construction and space planning, training, operations materials, ongoing research and development of new services and products, continuing assistance and support, plus other services related to the owning, opening and operating a My Gym.
Franchise Investment
The required investment ranges from $113,375 - $238,660.
Advertising
Each franchise contributes 1% of gross revenues to the Advertising Fund. - The Fund is used to build name recognition and regional and national reputation.
Exclusive Territory, Site Analysis and Lease Negotiation
Franchisees are granted exclusive local territories in which no other My Gym facility will be sold.
Locations are determined on the basis of de
2007-08-08
04:23:38
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3 answers
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asked by
Face on Fire
5