Frequently Asked Questions
Getting Started
What are the primary sources of revenue for a 10 Fitness gym?
The main source of revenue comes from membership sales, usually through a bi-weekly dues program along with a one-time enrollment fee. Members can choose to pay in full or through Electronic Funds Transfer (EFT) using a credit card, checking account, or savings account.
Additional revenue center includes certified personal training, we offer am outstanding Personal Training playbook.
What financial requirements do I need to meet to open a 10 Fitness franchise?
Our financial requirements for potential franchisees include a combined net worth of at least $2 million and liquid capital of $500,000 for all partners. This ensures eligibility for additional financing if needed.
What is the ideal background or experience for a potential 10 Fitness franchisee?
While having experience in the fitness industry is advantageous, it is not a requirement for becoming a 10 Fitness franchisee. We look for individuals with strong drive to help others on their fitness/wellness journey, business acumen, leadership skills, and a commitment to providing exceptional customer service. Our comprehensive training and ongoing support will equip you with the necessary knowledge and tools to successfully operate your 10 Fitness gym.
How can I determine if my market is viable for a 10 Fitness franchise?
Our team can help you evaluate potential markets and assist in selecting an appropriate site for your franchise, allowing you a strong start for your business.
How much is the franchise fee for 10 Fitness?
The 10 Fitness franchise fee is $20,000, with a $5000 discount for US Veterans, and successful 10 Fitness employees.
How long does it take to open a 10 Fitness franchise from the time I sign the franchise agreement?
The timeline for opening a 10 Fitness franchise can vary depending on factors such as location, construction, and permitting. On average, it takes approximately 9 to 12 months from signing the franchise agreement to opening your club. Our team will provide guidance and support throughout the process to ensure a smooth launch.
Training and Support
What kind of training will I receive as a 10 Fitness franchisee?
We offer a mandatory two-week training course, one week at our corporate office and one week in a 10 Fitness location, for our franchisees. There is no additional cost for this training and assistance, except your travel, lodging, and food.
Will there be ongoing support from 10 Fitness?
As a 10 Fitness franchisee, you can expect ongoing support in various areas, including marketing, operations, technology, and training. Our dedicated support team is always available to assist you with any questions or concerns you may have, giving you the support you need to run your franchise.
Will I receive an operations manual?
Yes, as a franchisee, you will gain access to 10 Fitness Connect, our online Learning Management System, which is regularly updated with new information to help you launch and operate your 10 Fitness franchise.
Operations
How many hours should I expect to work in my 10 Fitness gym each week?
This decision is up to you. Some owners maintain full-time jobs while overseeing their gym operations, while others run their gym as a full-time job. Your gym can be successful in either scenario.
Can I operate a 10 Fitness franchise as an absentee owner?
Yes, it is possible to operate a 10 Fitness franchise as an absentee owner. However, you will be required to have a Managing Partner to oversee the day-to-day operations of your club, and they will need to go through all training. This ensures consistent performance, adherence to our standards, and a high level of customer service for your members.
Do I need to hire certified personal trainers for my 10 Fitness Gym?
No. We encourage hiring certified personal trainers whenever possible. However, when unavailable hiring trainers without certifications is acceptable as long as they receive a 10 Fitness recognized training certification within 90 days of being hired.
This is crucial for providing professional and effective training services to your members. We encourage you to recruit highly qualified trainers who share our commitment to helping members achieve their fitness goals. In addition, we offer resources and support to help you find and retain the best personal trainers for your club.
What are the size requirements for a 10 Fitness franchise location?
Our locations typically range from 18,000 to 25,000 square feet, with a sweet spot of 20,000 square feet. We also require at least 75 parking spots for your location.
Will 10 Fitness assist with the design and outfitting of my franchise location?
Absolutely! We provide construction guidance, floor plan, equipment layout, and branding package for your gym, as well as architectural and construction resources if needed.
Territory and Competition
Do I get an exclusive territory with my 10 Fitness franchise?
You will be granted an exclusive territory for your 10 Fitness physical location. Our franchise development specialists can discuss with you how we implement territory development.
Who are the primary competitors for 10 Fitness?
Direct competitors include other fitness gyms, community centers, hospital wellness facilities, and YMCAs. We can help you evaluate your competition and explore the possibilities of adding a 10 Fitness gym within your market before making any commitment.
How do I ensure the success and growth of my 10 Fitness franchise?
We can’t guarantee your success. Just like fitness itself, that relies on you. The success and growth of your 10 Fitness franchise depend on your commitment to implementing our proven business model, following our guidelines, and actively engaging with your local community.
By providing exceptional customer service, maintaining high-quality facilities, and offering diverse fitness programs, you can build a loyal membership base and ensure the long-term success of your franchise. Our support team is always available to assist you in achieving your business goals.
Financials and Marketing
What are the monthly royalty fees for a 10 Fitness franchise?
Our monthly royalty fees are 2% of monthly gross sales and $1.00 per bi-weekly membership invoice, paid by the member, in addition to their monthly dues.
Will 10 Fitness help me with local marketing and advertising efforts?
Yes, we will support your local marketing and advertising efforts by providing you with marketing materials, templates, and promotional ideas. Unlike other fitness franchises, we provide you with our vetted marketing partner to assist you on all local marketing.
How much should I allocate for marketing expenses?
You will contribute 5% of your monthly gross sales to the Marketing Fund. 100% of the first years marketing spend is earmarked for local marketing efforts to help you achieve marketshare and attract members for you location. Subsequent contributions are on a sliding scale based on performance and age of the club. Our franchise development specialists can discuss this with you on your introductory call.
Earnings Potential
What can I expect to earn from my 10 Fitness franchise?
Earnings for each 10 Fitness gym may vary depending on factors such as market size, demographics, owner efforts, competency, and economic conditions. You can refer to Item 19 of our Franchise Disclosure Document (FDD) information on projected annual earnings and revenues.
This offering is not an offering of a franchise. In New York (USA), an offering of a franchise can only bemade by a prospectus that has been previously filed and registered with the Department of Law of the State of New York. The application for registration of an offering prospectus or the acceptance and filing thereof by the Department of Law as required by the New York law does not constitute approval of theoffering or the sale of such franchise by the Department of Law or the attorney general of New York.
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