10-minute fitness franchise - 762

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Company Overview

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Page 1: 10-Minute Fitness Franchise - 762

Company Overview

Page 2: 10-Minute Fitness Franchise - 762

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ABOUT US

WHY 10-MINUTE FITNESS?

BENEFITS

WHY FrANcHISE?

OUr PrOcESS

ExPEcTATIONS

FEES

About Us

Mission Statement

10-Minute Fitness is dedicated to sharing the vast benefits of whole body

vibration with the world; offering a convenient, fun and highly effective solution

to the fitness and wellness needs of our customers. We are making a positive

difference in fitness culture through the modality of whole body vibration.

We are committed to creating a strong and dynamic opportunity for our

franchisees, each of our trainers and the employees throughout our system.

10-Minute Fitness will continue to provide the highest-quality products and

newest innovations in our industry.

company History

We were founded in 2010 as the first whole body vibration studio franchise

system in the United States. Our first model studio, located in downtown

Houston, TX was an immediate success as we introduced the public to a new

way to reach their fitness and wellness goals in just a 10-minute workout! Our

second Houston location opened in early 2011 and several more are now

under construction as we expand nationwide!

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Why 10-Minute Fitness

We challenge you to find an American who isn’t striving to be in better

shape. Better yet, find someone who wouldn’t like to get more fit in less time.

That’s where 10-Minute Fitness is fast filling a niche in the Health & Fitness

franchise sector.

Our Studios

Each 10-Minute Fitness studio is equipped with the latest technology in

whole body vibration. We focus on oscillating vibration machines, which offer

the highest value and broadest range of benefits. Our certified WBV (Whole

Body Vibration) trainers are on hand at all times to introduce new customers

to what we are all about and to offer guidance and advice to our members.

We also show our customers how to maximize their use of our machines

and the other great features of 10-Minute Fitness. Most studios are equipped

with infrared saunas and all studios offer a complete line of 10-Minute Fitness

WBV accessories and home spa products. Our locations function not only as

studios offering pay-per-use and unlimited-use membership options but also

as showrooms where customers may purchase equipment for home use.

Our Products

We are constantly at the cutting-edge of the technology for whole body

vibration. Through major advances in the design and development of new

equipment, we are consistently expanding the boundaries of how whole

body vibration can be applied to broaden the wide range of benefits we offer

and to stay ahead of the competition. Our line-up of ancillary retail products

is carefully selected to offer uniqueness, quality and ingenious creativity in

delivering additional and complimentary benefits to our whole body vibration

machines, all at highly accessible prices.

ABOUT US

WHY 10-MINUTE FITNESS?

BENEFITS

WHY FrANcHISE?

OUr PrOcESS

ExPEcTATIONS

FEES

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ABOUT US

WHY 10-MINUTE FITNESS?

BENEFITS

WHY FrANcHISE?

OUr PrOcESS

ExPEcTATIONS

FEES

Benefits

10-Minute Fitness is a health and wellness studio, bringing you whole body

vibration exercise technology, which provides a wealth of extraordinary

benefits. This is accomplished by using low impact rapid acceleration/

deceleration training all in just 10-minutes.

Research by NASA and other institutions have demonstrated that training

with a vibration machine can build strength, muscle tone and bone density,

as well as improve flexibility, circulation and metabolism. Consequently, it has

been found to create a positive effect on a variety of physical conditions, from

obesity and diabetes to osteoporosis and chronic pain, and much more. It is

our belief at “10-Minute Fitness” that if you do nothing else for your health,

you should at least use vibration training!

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Why franchise?

The entrepreneurial spirit is alive and well. Over 1.4 million small business

started each year. Starting a small business can lead to financial

independence and personal freedom, but getting there can be daunting.

In most cases it requires substantial capital, a well-conceived plan and

business model, extreme dedication, and an ability to successfully execute

all systems with precision and expertise, all with no guarantee of return on

one’s investment. Mistakes can be costly and failure devastating. Statistically,

only 1-in-10 small business start-ups succeed. Purchasing a franchise

allows business owners to cut through the expensive and time-consuming

conceptual development process and focus on establishing their business

throug proven methods and support from a larger corporation. That’s why

studies show that franchise businesses show a success rate over 90%.

ABOUT US

WHY 10-MINUTE FITNESS?

BENEFITS

WHY FrANcHISE?

OUr PrOcESS

ExPEcTATIONS

FEES

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Why Franchise? (continue)

Brand Identity: Not Just Any Franchise

Creating recognized brand identity is one of the most complex and expensive

challenges in achieving success with any business. By becoming part of our

system, you automatically have access to the strategic planning and capital

investment that has gone into establishing our brand. We are expanding

rapidly and along the way we are constantly investing in our brand, making

it respected, loved, and nationally recognized.

Locations and Leasing

Choosing a location, knowing what to pay, negotiating the terms of the lease

and construction can be overwhelming. We bring the expertise in the fields

of site selection, lease negotiation, and build-out design. We maintain a

database of available territories that allows for identifying a location that

meets our criteria for a successful franchise studio.

Operations and Training

Starting a new business would be a lot easier if an owner’s manual were

provided, wouldn’t it? All 10-Minute Fitness franchisees receive a copy of our

confidential Operations Manual that thoroughly details our process. We and

the combined contributions of our franchisee partners have developed these

systems through extensive experience, knowledge, and investment so that

that eliminates the guesswork in starting your business.

Products & Buying Power

With 10-Minute Fitness you have access to the quality, cutting-edge

technology in whole body vibration. We introduce new machines more often

than any other retailer of WBV equipment. But our competitive advantage

doesn’t stop there; we offer the best quality equipment for the best prices.

We offer our convenient EZ-PAY program to make machine ownership more

affordable, and provide the best warranty in the industry. All of these programs

are designed to enable our franchisees to stay ahead of the competitors.

Our line-up of ancillary retail products is carefully designed to be unique,

exciting, and fun while still delivering additional and complimentary benefits

to our whole body vibration machines. Through our combined buying power

we’re able to ensure great margins for our franchisees.

ABOUT US

WHY 10-MINUTE FITNESS?

BENEFITS

WHY FrANcHISE?

OUr PrOcESS

ExPEcTATIONS

FEES

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Our Process

The following steps are a guide to help you successfully navigate the path to

becoming a 10-Minute Fitness franchisee.

Step 1: Financial Assessment

As a franchise applicant you will be required to demonstrate a minimum level

of ready capital assets, not only to fund the purchase of the franchise and

all the costs related to opening a studio, but also to support all of your other

financial obligations until your new business is established and profitable.

Keep in mind - this may take some time. Asset requirements vary widely,

depending on location and market you wish to purchase. The requirements

for a 10-Minute Fitness franchise range from $150,000 to $300,000, with

a realistic average of $225,000 required for a turn-key start up and initial

operating capital.

Step 2: Become familiar with 10-Minute Fitness

Educate yourself not only on the quality of the investment opportunity

that becoming a 10-Minute Fitness franchisee has to offer but also on

the operational requirements and time demands of building and running

a successful studio. Gain an understanding of our franchise support

systems, corporate structure, philosophy, and feel free to speak with existing

franchisees to ask about their experiences. Thoroughly review our Franchise

Disclosure Documents and all its Exhibits. Take the information you collect

and seek the council of a qualified professional business advisor and ask their

opinion on whether owning a 10-Minute Fitness franchise appears to be a

sound investment opportunity. Such due diligence will help you to gain a clear

and comprehensive perspective on the project you’re seeking to undertake.

To provide you with as much information as possible, 10-Minute Fitness hosts

Discovery Day at our headquarters in Houston, TX. All franchise applicants are

invited to spend time in our studios and meet our leadership team, ask any

questions, meet personnel you’ll be working with and learn more about our

systems and products. You’ll get an inside look at our business model, our

marketing techniques and the support services we offer to all our franchisees.

Discovery Day offers you the chance to see for yourself what makes

10-Minute Fitness the leading authority in whole body vibration.

ABOUT US

WHY 10-MINUTE FITNESS?

BENEFITS

WHY FrANcHISE?

OUr PrOcESS

ExPEcTATIONS

FEES

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Our Process (continue)

Step 3: Draft a Business Plan

A prudent initial step in launching a new business is to develop a business

plan. 10-Minute Fitness can provide much of the information necessary to

draft a business plan throughout the research and discovery process with

our company. A comprehensive business plan should include: a complete

analysis of the opportunity and its practical application to the intended market,

a description of all logistical and capital requirements necessary to launch the

business, a detailed marketing analysis and description of market conditions

related to relevant competitors, and projected profit & loss and cash flow

projections for years one, two, and three of its operation.

Creating a business plan serves several functions. First of all, it requires

that you take a critical and realistic look at our business. This process often

uncovers aspects of the industry you may not have been aware of, which can

help you plan for contingencies in the future. Second, it will help you organize

and solidify your operational strategies. Additionally, if you hope to obtain

financing for your new business, lenders require a comprehensive business

plan.

Step 4: Hire an Attorney

You are highly recommended to hire a business attorney to consult with

throughout the process of purchasing a franchise and organizing your

business start-up. An attorney who specializes in franchising is ideal. If you

need help finding one, contact your state bar association or the American

Bar Association; both entities have resources to help you locate an attorney

in your area that specializes in franchise purchases. Your attorney can be

instrumental in helping you review Franchise Disclosure Documents and

understanding the many franchisor and governmental stipulations you will be

expected to comply with.

Step 5: Becoming a Franchisee

One you’ve completed steps 1 thru 4 you should be well informed and

thoroughly prepared to move forward in signing our Franchise Agreement.

The Franchise Agreement defines in detail the relationship you will have with

10-Minute Fitness Franchise & Branding as a 10-Minute Fitness franchisee.

As with all legal contracts, make sure you’ve made a complete review,

sought adequate council, and have a complete understand of the Franchise

Agreement and its provisions before signing it.

ABOUT US

WHY 10-MINUTE FITNESS?

BENEFITS

WHY FrANcHISE?

OUr PrOcESS

ExPEcTATIONS

FEES

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What You Can Expect From 10-Minute Fitness

Proven Guidelines for Success

As a 10-Minute Fitness franchisee, you can leverage our years of industry

experience to take the bumps out of day-to-day operations. You’ll receive

thorough training in all aspects of your franchise, as well as seminars and

updates to cover future developments.

In addition, our experts will help you choose an advantageous site for you

store and review your lease; and our architects will design a store that looks

and works great in your space.

Expert Support

You can rely on operational support from a team of well-seasoned

professionals. These experienced individuals share a common dedication to

partnering with you to achieve success. We’re all in this together!

Buying Power

We have established relationships with our vendors to ensure our franchisees

deal with reputable distribution and volume discounts. We are constantly

negotiating on your behalf to get you the best quality products for the lowest

price.

commitment to Excellence

Every 10-Minute Fitness franchisee agrees to adhere strictly to company

guidelines for high standards in, quality, courteous service, and good taste.

Every customer who walks through your door should expect the best - and

get it! As the 10 Minute Fitness network of franchises grows, this commitment

to excellence will become the cornerstone of your success.

ABOUT US

WHY 10-MINUTE FITNESS?

BENEFITS

WHY FrANcHISE?

OUr PrOcESS

ExPEcTATIONS

FEES

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What 10-Minute Fitness Expects From You

Have Fun

Presenting a positive attitude; with the smiles on your employees’ faces,

to the care in which services are provided will make your customers happy

and in return making you happy. And why shouldn’t you be happy? You’re

providing customers with a product that will benefit their overall health and

that will bring them back again and again.

Get Involved

Your franchise is in the health and well-being business - why not share that

with your entire community? Sponsoring sports teams, community events,

and furnishing gift certificates for everything from 10K races to health clinics

will get your store noticed in a positive way by your target market - people

who care about their health. The more you get involved the more everyone

wins.

Work Hard

Dedicating yourself to making your franchise operate as smoothly and cleanly

as possible will produce tangible results. Following the company guidelines to

make sure your living up to the highest standards gives your customers have

come to expect from 10-Minute Fitness.

ABOUT US

WHY 10-MINUTE FITNESS?

BENEFITS

WHY FrANcHISE?

OUr PrOcESS

ExPEcTATIONS

FEES

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Schedule of Fees

The following is a breakdown of the types of items you should plan for when

considering the start-up of your franchise and an estimated schedule of fees:

Basic Fees

Type of Expenditure

AmountMethod of Payment

When DueTo Whom Payment

Is To Be Made

Initial Franchise Fee $15,000Lump Sum;

Non-RefundableWhen you Sign the Franchise

AgreementTMF

Travel & Living Expenses While

Training$1,000 - $2,000 As Incurred During Training Travel & Lodging Vendors

Real Estate & Improvements

$25,000 - $60,000 As IncurredBefore Opening –Does not reflect any possible Tenant Improvement

Allowance from Landlord.

Landlord & Contractors

Equipment $16,000 - $21,000 Lump Sum Before Opening Vendors

Signs $5,000 - $30,000 Lump Sum Before Opening Vendors

Miscellaneous Opening Costs

$3,000 - $5,000 As Incurred Before & During Opening Suppliers, Utilities, Etc

Opening Inventory $4,000 - $6,000 Lump Sum Before Opening Approved Vendors

Grand Opening Advertising

$5,000 - $10,000 As IncurredImmediately Before, During, & Just

After OpeningAdvertisers

Additional Funds – Months

$6,000 - $10,000 As Incurred After OpeningEmployees, Suppliers,

Utilities, Etc

Total: $80,000 - $159,500

Type Of Fee Amount Due Date remarks

Royalty6% of “Gross Revenues”

received by you during the calendar year

Paid monthly on the 3rd business day of the month

Gross Revenues include all revenue from the sale of all products (specifically except for WBV machines and infrared

saunas) and services and all other income of every kind and nature related to your

franchise operation, whether for cash, by redemption of gift certificates, or for credit,

regardless of collection. No royalties are payable on the sales of WBV machines

or infrared saunas, but 10-Minute Fitness may receive money from the manufacturers of these items. Gross

Revenues do not include sales tax or any other taxes you collect from customers for payment to the appropriate tax authorities

Marketing & Promotion Fees4% of Gross Revenues

received by youPaid monthly on the 3rd

business day of the month

Beginning on the Opening Date. On a regional or system-wide basis, TMF may impose an additiional assessment upon

affected franchisees for special designated advertising or promotion activities if 2/3 of all affected 10-Minute Fitness studio

franchisees agree to such additional assessment by affirmative vote.

Local Marketing & Promotional Expenses

At least 5% of Gross Revenues

As & When Needed

Beginning 61 days after the Opening Date, you must spend at least 5% of your Gross Revenues on the local marketing, advertising, and promotion of your studio