StrengthTime Franchise Review
StrengthTime is graded based on our most recent FDD research!
Franchise Opportunity Info
How much does a StrengthTime business cost to open?
StrengthTime has an initial franchise fee of up to $40,000, with a total upfront investment range of $99,725 to $161,933.
- Initial Franchise Fee: $40,000
- Total Investment: $99,725 to $161,933
- Working Capital: $20,000 to $30,000
- Royalty Fee: 6.0%
The upfront cost of any franchise opportunity includes many fees. Unlock this investment opportunity to better understand the specific costs required to purchase a StrengthTime, such as territory fees, real estate costs, pre-opening marketing, and technology fees. As a reminder, franchisors are required to disclose all initial fees. These fees include those that are actually paid when signing the franchise agreement and commitments to fees you are required to pay. Another important consideration to review is whether the upfront fees are refundable or not. The franchisor is required to disclose what conditions any of the upfront fees are refundable. A franchisor must also disclose a range of fees if their initial fees are not uniform within the system. A careful analysis of the Item 5 initial fees will give you the answers needed to make a decision to purchase this franchise.
Can you Afford an StrengthTime Franchise. Complete our Affordability Calculator to find out!
How much does a StrengthTime franchise owner make?
As with any new business, there should be a reasonable ROI and profit potential. The specific franchisee's salary and the earnings from a StrengthTime franchise depends on many factors. One way to check on the potential revenues or profits generated from a StrengthTime franchise investment is to analzye the franchisor's Item 19 within their Franchise Disclosure Document. This is called an earnings claim. This is not required within a franchisor's disclosure and approximately 68% of all franchisors that we research and study will disclose financial performance data within Item 19 of their FDD. Some franchisors may provide limited information such as average gross revenues. This type of financial disclosure is not always helpful to assess profitability for you directly. So review average sales data with caution. As a general rule, usually earnings and owner's income are correspond to the overall size of the initial investment. The larger the initial investment, the higher return you should anticipate
For additional information and franchise specific on the earnings of a StrengthTime franchise opportunity, unlock this franchise opportunity
How many franchise locations do they have?
As of the 2015 Franchise Disclosure Document, there are 2 franchised StrengthTime locations across the United States.
Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.
Are there any StrengthTime franchises in my state?
Based on 2015 FDD information, StrengthTime has franchise locations in 2 states. There could be no locations in several states as each franchise plans their growth strategy differently.
Based on the data collected this franchise opportunity is expanding into new states and might be available near you.
One of our advisors will have detailed knowledge about this franchise. Sign up to learn more and connect with our researchers.
Last Reviewed: 2015
Sector: Personal Services
Category: Fitness and Gym
StrengthTime Franchise INFORMATION
5 Years
5 Years
2
2
6.0%
2.0%
FAQS
Do they provide any initial training and opening assistance?
Yes, they have an initial training program of 88 hours. This includes 37 hours of classroom training, 50 hours of on-the-job training, and N/A hours of online training. In their FDD they outline who's in charge of the training. Unlock to find out more.
| Online | N/A |
|---|---|
| On-the-Job | 50 |
| Classroom | 37 |
| Total | 88 |
Do they provide Territory Protections?
StrengthTime offers territory protections. For an explanation of territorial rights, unlock this franchise opportunity for more details.
Do they have computer and technology support in place?
No, StrengthTime does NOT offer comprehensive support for franchisees.
How long ago did they begin franchising?
They began franchising in 2008. The average Fitness and Gym franchise began franchising in 2013.
Does StrengthTime offer lending options?
No, but you can click here to fill out our affordability calculator and understand your financing options.
Unlock this franchise for instant access to our research reports, including:
- Growth projections
- Turnover projections
- Financial details
- Initial and renewal terms
- Royalties and marketing fees
- Critical Franchise FAQs
- Our grade and free access to consult with a franchising expert
- What are the historical franchisee profits?
- Do they provide Veteran or First Responder discounts?
- Do they use public figures to promote their franchise?
- Do they disclose any bankruptcies?
- Is this franchise related with any other franchise brands or private equity investment groups?
- How many new outlets have they sold in the last 5 years?
- How many franchised outlets have closed in the last 5 years?
- How many new outlets have they sold in the last 5 years?
- How many franchised outlets have terminated in the last 5 years?
- Do they operate any company or affiliate owned outlets?
- How long is their initial and renewal term lengths?
- Do you have a legal dispute resolution process?
- How long has the franchisor been in business?
- Are they actively selling franchises across the United States?
- How often are royalties and advertising fees paid to the franchisor?
- What are the territory protections the franchisor provides you?
- What support can you expect to receive from the franchisor?
- Why has new franchisee growth been so high?
- What are the critical requirements for managing a successful franchised location in this system?
- Are you required to work in the outlet or is this a passive investment opportunity?
- Will the franchisor refund the franchise fee under certain circumstances?