My House Fitness Franchise Analysis

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My House Fitness is graded based on our most recent FDD research!

Franchise Opportunity Details

What are the requirements to buy an My House Fitness franchise?

My House Fitness has a franchise fee of up to $49,500, with a total upfront investment range of $115,445 to $213,298.

  • Initial Franchise Fee: $49,500
  • Total Investment: $115,445 to $213,298
  • Working Capital: $10,000 to $15,000
  • Royalty Fee: 7.0%

The initial investment of any franchise opportunity includes many fees. Explore this franchise opportunity to better understand the initial costs required to own an My House Fitness, such as territory fees, leasehold improvement costs, grand opening marketing, and equipment purchases. It should be noted that, franchise companies are required to provide you with details about all upfront fees. These fees include those that are actually paid when signing the franchise agreement and commitments to fees you are required to pay.

Can you Afford This Franchise. Complete our Affordability Calculator to find out!

How much does an My House Fitness franchise owner make?

As with any new business, the franchisee's salary and the profits from a My House Fitness business depends on a lot of different factors. One way to confirm the potential revenues or profits earned from a My House Fitness franchise investment is to analzye the franchisor's Item 19 within their FDD. Typically, earnings and owner's salary are proportionate to the size of the investment and number of locations you purchase. Demand for your products, your labor costs, commercial lease rates and several other variables also play a large role in your bottom line and your personal salary

For more details and franchise specific on the profits of an My House Fitness franchise opportunity, unlock this franchise opportunity

How many franchise locations does My House Fitness franchise operate?

As of the 2016 Franchise Disclosure Document, there are 5 franchised My House Fitness locations in 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 My House Fitness franchise opportunities near me?

Based on 2016 FDD analysis, My House Fitness has franchised locations in 2 states.

FL
IN

Based on the data collected My House Fitness is growing into new locations and could be available near you. While planning your franchise purchase, you should be thinking about where is a good location for my business. Review the potential customer base to assess that the area you are looking at has a need or customers for this business. Even the most popular franchises have states that they are not successful in. The reasons why a specific franchised location can fail are plentiful. So, you need to research not only the franchised business itself, but review areas where you believe the franchise has a more profitable opportunity.

One of our advisors will have detailed knowledge about this franchised business. Unlock to learn more and talk with our researchers.

Last Reviewed: 2016

My House Fitness Franchise INFORMATION

Total Investment
$115,445 - $213,298
Franchise Fee
$49,500
Franchise agreement
Initial Term
10 Years
Renewal Term
5 Years
Franchise outlet growth
2013
1
2015
5
Ongoing fees
Royalty
7.0%
ad fees
2.0%
# of franchised outlets
5

EXTRA INFORMATION

Do they provide any initial training and opening assistance?

Yes, they have an initial training program of 64 hours. This includes 40 hours of classroom training, 24 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 24
Classroom 40
Total 64

Do they provide Territory Rights?

My House Fitness offers territory protections. For an explanation of territory rights, unlock this franchise opportunity for more details.

Do they have marketing and technology support in place?

Yes, My House Fitness offers comprehensive support for franchisees. Unlock this franchise to find out more.


When did My House Fitness start franchising?

They began franchising in 2012. The average Fitness and Gym franchise began franchising in 2012.


Do they offer lending support?

No, but you can click here to fill out our affordability calculator and understand your financing options.

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  • What are the historical franchise owner profits?
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  • Is this franchise related with any other franchise companies or private equity investment groups?
  • How many new outlets have they sold over the last 5 years?
  • How many franchised outlets have closed over the last 5 years?
  • How many new outlets have they sold in the last 5 years?
  • How many franchised outlets have terminated over the last 5 years?
  • Do they operate any company or affiliate owned outlets?
  • What is their initial and renewal term lengths?
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  • How are the royalty, advertising and marketing funds administered and managed by the franchisor?
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  • What is the role of technology in the operation of the franchise?
  • Why has new franchise outlet growth been so low?
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  • Will they refund the franchise fee under certain circumstances?
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