WORKOUT ANYTIME Fitness Franchise . Type of Expenditure Amount Method of Payment When Due To Whom Payment is to Be Made. Initial Franchise Fee (See Note 1) $2. Immediately available Funds Upon signing Franchise Agreement Workout Anytime Travel and Living Expenses While Training (See Note 2) $1,0. As Arranged As Incurred Independent Vendors. Keep your fitness goals on track with online workouts you can stream anywhere. Raise your game in the club with weight workouts and more, or stream a studio class at. At Boost, "Flexibility" is our middle name! All of our 8 locations are open 24/7. With our Premium level (or above) membership, use as many of our fitness centers as. Description. Life Time Fitness is a health club company with facilities for sports, professional fitness, family recreation and spa. Under the Life Time Fitness® and. Sell gym memberships 24 hours a day. The iconnect360 fitness centre software provides powerful online membership sign up features especially for those looking for gym. Get started for as little as $15 per month. An all-access pass for a low monthly investment. Enjoy fun, safe workouts on state-of-the-art training equipment any time. 24 Hour Fitness 2-year ALL-CLUB SUPER-SPORT Membership eCertificate More Than 400 ClubsValid for New Members OnlyDelivered via email. Rent and Security Deposit (See Note 3) $7,5. As Arranged As Incurred Landlord Real Estate Improvements/Build- out (See Note 4)$0 - $2. As Arranged. As Incurred. Contractors/Landlord. Architect Fees (See Note 5) $6,0. As Arranged When Arranged Approved Vendors. Furniture / Office Equipment and Supplies (See Note 6) $1,8. As Arranged When Arranged Approved Vendors. Exercise Equipment (See Note 6)$3. As Arranged When Arranged Approved Vendors. Surveillance and Club Access (See Note 7) $2. As Arranged When Arranged Approved Vendors. Signage(Exterior Club and Interior Graphics)$1. As Arranged When Arranged Approved Vendors. Advertising (See Note 8) $1. As Arranged. As Incurred Approved Vendors Deposits and Permits(See Note 9) $2,0. Cash As Incurred Approved Vendors. Type of Expenditure Amount Method of Payment When Due To Whom Payment is to Be Made Insurance (See Note 1. As Arranged When Arranged Independent Carrier (Preferred) Additional Funds (See Note 1. Cash As Incurred Various Payees Total$4. Notes: 1. The Franchise has an Initial Franchise Fee of Twenty- Nine Thousand Five Hundred ($2. Dollars for a single health club. You must pay this amount upon the signing of the Franchise Agreement. If you sign a Development Agreement to develop more than 1 health club, the Initial Fee will increase depending on the number of health clubs you agree to develop. Strip out the cockpit, put in some safety gear, then figure out how you to keep that old hooptie alive. Come and try your local gym. Learn more about your local Fitness First health club at Chatswood, the latest equipment and group exercise classes. Tons of cardio and strength equipment. Unlimited fitness training. Super friendly staff. And the home of the Judgement Free Zone®. All just $10 a month. You should allow at least One Thousand ($1,0. Dollars per person for travel, lodging, food and other miscellaneous expenses incurred during training. Your actual cost will vary, depending on the distance to be traveled, your method of travel, and your personal circumstances. You must lease or purchase the business premises for the franchise location. In our experience, Landlords typically give 1 – 2 month’s free rent, however, we cannot guarantee any landlord concessions. If renting, your security deposit and rent will vary depending on factors such as size, condition, and location of the leased premises. The high- end cost estimates in the chart above reflect three (3) months’ rent plus one (1) month security deposit. We recommend the size of the building space for your franchise to be approximately five thousand (5,0. The cost of the build- out of the premises will depend on what allowance, if any is provided by the Landlord. The low estimate is for an allowance sufficient to cover the entire cost of the build- out, and the high estimate is for no Landlord allowance. You must retain the services of our approved architect. You will need to purchase desks, and miscellaneous office equipment and furnishings. The number and type of exercise equipment you purchase will vary depending on the ultimate size of your facility after consultation with us. Unless otherwise agreed upon by us in writing, you must purchase specific equipment from designated manufacturers and vendors such as Commercial Fitness Products, Inc. Supplies include any supplies or materials you deem necessary to operate efficiently, such as forms, paper, writing instruments, posters, weight scales, body composition testing devices, etc. You will need to equip your facility with surveillance cameras from which you can observe your club, and record events occurring thereon, from a remote site. In addition, the facility must be armed with a door access system permitting the entry of all Workout Anytime members who are then in good standing. This figure also includes the costs of audio/visual equipment, televisions, sound system and installation. You will need to spend Four Thousand ($4,0. Dollars per month to advertise locally during the initial pre- sale, start- up and grand opening phase to help establish name recognition in your area. Thereafter, you will expend a minimum of Two Thousand ($2,0. Dollars monthly promoting and marketing your health club. Includes utility deposits, utility costs, incorporation fees, business licensing, or any requirements by your locality as to necessary permits and/or licenses. You will need to purchase and maintain in affect at all times during the term of the Agreement, a policy or policies of Commercial General Liability insurance naming Workout Anytime Franchising Systems, LLC an additional insured on the face of each policy in no less than the following amounts: (Bodily injury - $2,0. Property Damage - $2,0. You must also purchase surety bonds, workers' compensation, and automobile liability insurance as may be required by your state's laws. All policies must name Workout Anytime Franchising Systems, LLC as an additional insured party. You must provide a current Certificate of Insurance to us on an annual basis. We recommend that you have additional funds available during the start- up phase of your franchise. The amounts are our estimates of the amount needed to cover your expenses for a minimum three (3) month period from the date you open for business plus your pre- sale period. Your actual costs will vary according to how you approach the franchise, your management skill, your experience and business acumen, local economic conditions, the local market for the franchise's services, the prevailing wage rate for employees in your market, your competition, and the rate of growth of your franchise. Since certain continuing payments will be withdrawn from your designated bank account when you commence your pre- sale of memberships, you must have a sufficient balance available in your account to pay those fees. All fees payable to us are non- refundable. Fees paid to others may be refundable based on your arrangement with that third party. Workout Anytime has relied on its experience in the fitness business to compile these estimates. You should review these figures carefully with a business advisor before making any decision to possibly purchase a franchise. Workout Anytime does not provide financing arrangements for you. If you obtain financing from others to pay for some of the expenditures necessary to establish and operate the franchise, the cost of financing will depend on your creditworthiness, collateral, lending policies and financial condition of the lender, regulatory environment, etc.
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