Rank no. 358 – My Gym Children’s Fitness Center – US
Products & Services: Children’s early-learning/fitness program
Number of Locations: 290
Total Investment: $34.25K – 236.25K
Began Franchising: 1995
About My Gym Children’s Fitness Center
My Gym was founded in 1983 when partners Yacov and Susie Sherman and Bill Caplin opened their first centers in Van Nuys and Santa Monica, California. The founders soon expanded their business throughout Southern California and there are now locations throughout the United States.
My Gym offers movement, tumbling and exercise classes for children aged 3 months to 9 years.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $25,000 – $55,000
Ongoing Royalty Fee: 7%
Term of Franchise Agreement: 12 years, renewable
Liquid Cash Available: $35,000 – $50,000
Franchise can be run from home. 20% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 6 – 10. Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators).
|FINANCING TYPE||IN-HOUSE||THIRD PARTY|