10-minute fitness franchise - 762
DESCRIPTION
Franquia Norte-Americana procura parceiros no Brasil e no mundo.TRANSCRIPT
Company Overview
2
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
4
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
6
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
7
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
8
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
9
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
10
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
11
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