FAQ
Why open a fitness-related business?
The media is full of statistics that confirm a shocking number of Americans, from children to the elderly, are overweight and not fit. One source asserts that 65 percent of people 20 years and over are overweight. At the same time, research is confirming that many illnesses are a direct result of being seriously overweight and lack of exercise. People are spending more money every year on programs to help them get in shape.
Why CoachMeFit?
Personal training is a “hot” fitness service and is gaining momentum every month. As people have more places to go to receive personal training, they become more selective. They look for welcoming, non-intimidating environments and knowledgeable, professional trainers. Those two qualities are the focus at CMF. Our high client retention rate is a direct result of the quality of the training experience we provide.
Your success is our success. It’s that simple. CMF’s operational systems and management support — from pre-launch to years after your grand opening — were developed to make it easy for you to be successful. With CMF’s business model you can be up and running quickly. As a CMF owner, you’ll receive “plug and play” information for every aspect of the business — financial, studio setup, legal agreements, employees, marketing and more.
What qualifications do I need to open my own CMF franchise?
The ideal candidates have access to financial resources to fund the start-up. They are interested in fitness. Prior experience in operating or owning a business is a plus. And we look for people with energy, a positive attitude, and those who want a career that involves helping others. If this sounds like you, fill out this form.
How much money do I need to start a CMF franchise?
Typical costs for opening a CMF are between $106,000 – $261,500 depending on location, facility size and market conditions.
What are the franchise fees and royalties?
The franchise fee for a CMF is $12,500 and royalties equal 5% of gross revenues.
How much money can I expect to make from my CMF franchise?
We are restricted by the Federal Trade Commission and various state franchise sales regulations from providing you with specific profit projections. The amount of money a franchise makes depends on factors such as your sales, expenses, and the location of your facility. It will also depend in large part on your dedication and commitment to your business.
What is an FDD?
A Franchise Disclosure Document is a regulatory document describing a franchise opportunity. Prospective franchisees must receive it before they pay any money or sign any papers.
What is a franchise agreement?
This is the key legal document, the written contract between the franchisor and the franchisee, clearly stating what will be expected from both parties.
What kind of training and ongoing support can I expect as a franchisee?
Before opening your facility you are required to attend CoachMeFit Academy — our training school at the prototype studio and CMF corporate headquarters in Ann Arbor, Michigan. You will receive the Operations Manual — your comprehensive owner’s guide that covers these aspects of a CMF franchise: financial, legal, staff, marketing, equipment and layout, record keeping, forms, training protocols, technology, and the secrets of a successful CoachMeFit. After you open your facility, CMF representatives are available to provide ongoing operations consulting and support. Your success is our success.
What locations are available in my state? country?
CMF has defined territories across the USA based on demographic requirements. Contact CMF for specific locations in which you are interested.
What’s the typical size of a CMF franchise?
Depending on location, demographics and market conditions, facilities are typically between 1,800-3,600 sq. ft.
Does CMF offer financing?
No. However, we can direct potential franchisees to sources that can provide financing.
I’m interested in pursuing this further, what do I do next?
Complete this online form.
Or, contact:
CoachMeFit Franchise Corporation
2433 Oak Valley Drive, Suite 500
Ann Arbor, MI 48103
734-477-9450
info@coachmefit.com