SKFit is analyzed based on our most recent FDD research!
SKfit is a private training studio that offers personal training and related services.
SKFit has an initial franchise fee of up to $29,000, with a overall upfront investment range of $36,900 to $129,300.
The initial investment of any franchise includes multiple fees. Check out this franchise opportunity to better understand the specific costs required to purchase an SKFit, such as franchise fees, leasehold improvement costs, pre-opening, advertising, and equipment purchases.
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As with any new franchise, there should be a reasonable return on your investment and profit potential. The specific franchisee's salary and the revenue from an SKFit franchise depends on a variety of factors. One way to confirm the potential revenues or profits earned from a SKFit franchise investment is to review the franchisor's Item 19 within their FDD. This is called an earnings claim. This is not required within a franchisor's disclosure and approximately 68% of all franchisors in our database will disclose financial performance data within Item 19 of their FDD. Some franchisors may provide limited information such as overall systemwide sales. This type of financial data is not always helpful to determine profits for you directly. So review average sales data with caution. As expected, usually profits and owner's income are correspond to the overall size of the upfront investment. The larger the initial investment, the higher return you should expect to see. Another factor to profitability is based on the number of locations you purchase. If you sign for multiple units (usually defined as Area Development Agreements), you can anticipate that as you launch the next location, you will generate more revenue and profits overall. Demand for your products, the labor costs in your city, commercial lease rates and several other variables are important factors in determining your bottom line and your personal salary. Your future returns are linked to the overall franchisor's success. Your returns and owner's income is not just dependent on how well your own location operates, you should assess how well the entire franchise system is operating. Determine how the franchisor generates revenue and review their financial statements.
For more details and system-specific data on the revenue of an SKFit franchise, unlock this franchise
As of the 2020 Franchise Disclosure Document, there are 1 franchised SKFit locations across the USA.
Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.
Based on 2020 FDD information, SKFit has franchised locations in 1 states. There may be zero outlets in several states as each franchise maps out their development strategy differently. Specific states require franchisors to register their franchise opportunity and file their Franchise Disclosure Document (FDD) with state examiners prior to selling franchises to people living in that state. These registration states have examiners review a franchise company's FDD to ensure it complies state regulatory conditions. In addition to registration states, some other states have enforced franchise or business opportunity laws that require franchisors to file their franchise within the state. In most instances the filing is a notice within the state. Unlike franchise registration states, the franchise filing states do not review the FDD.
Based on the data collected SKFit is expanding into new markets and could be available in your city. While planning your franchise purchase, you always need to be thinking about what is a good location for my business. Review the potential customer base to confirm that the area you are looking at has a need or a market for this franchise.
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Last Reviewed: 2020
Yes, they have an initial training program of 58 hours. This includes 22 hours of classroom training, 36 hours of on-the-job training, and 0 hours of online training. In their FDD they outline who's in charge of the training. Unlock to find out more.
SKFit offers territory protections. For an explanation of territorial rights, unlock this franchise for important details.
Yes, SKFit offers comprehensive support for franchisees. Unlock this franchise to find out more.
They began franchising in 2018. The average Fitness and Gym franchise began franchising in 2012.
No, but you can click here to fill out our affordability calculator and understand your financing options.