blink
Health & Fitness Health & FitnessCompany Information
Address
386 Park Avenue South, 11th Floor New York, New York 10016
Website
Tel
Not Available
Email
Franchimp Summary Rating
Higher than 87% of peers
Franchise Summary
Description
The franchise offered is to operate a health and fitness center under the "BLINK" name and other trademarks providing cardiovascular and strength training equipment and related products and services.
Company Background
Founded in 2009, Blink Fitness has revolutionized the fitness industry. A new kind of gym with no contracts and a welcoming environment for all, we offer over 100 club locations nationwide. With an average annual membership price of $19 per month, our clients get unlimited access to their favorite classes and equipment on demand. We're not just about looking good; we also want you to feel good!
Franchise Opportunity
People know that they should be working out more, but they often don't have the time or money to go to a traditional gym. Not only do you have to spend time and money commuting to a gym, but you also have to pay for an expensive membership. And if you're not using your membership enough, you might end up losing that money anyway. Blink Fitness is different. We offer affordable memberships with no contracts, so you can come as often as you like. Plus, we provide all of the equipment you need right in our centers. You'll never have to wait in line for a machine again.
Corporate Structure
Blink Fitness Franchising, Inc. is a Delaware corporation. Their principal business address is 386 Park Avenue South, 11th Floor, New York, New York 10016. They have offered franchises and development rights for Blink Fitness Gyms since April 2015.
Investment and Franchisee Fees
The total investment necessary to begin operation of a Blink Fitness Gym is $606,800 to $2,119,288. This includes $16,400 that must be paid to the franchisor or affiliate. If you want development rights, you must pay the franchisor a development fee equal to $20,000 for each Blink Fitness Gym you commit to develop.
Employee Contact Database
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FAQ
How much investment do I need to start my own blink business?
Franchisees typically require at least $618 to $2 investment to get their blink business started
What are the initial franchise fees for blink?
Franchisees typically need to pay at least $12 in fees directly to blink in order to earn the right to launch their business
How much money can I make with a blink franchise? What are
the average revenues for a typical blink business?
We haven’t done the math on how much revenue a typical
blink brings in each year. We estimate that other
franchisees in the Health & Fitness industry generate
$579,475 revenue, so we would expect
blink to generate a similar amount
How long do I need to commit to running a blink unit? What
is my contractual commitment?
blink franchisees are typically required to sign up to a
10 year contract initially. The renewal length
is 10 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
The Franchisor's investment costs ranges from
$639,239 to $978,710
which is
Much Higher
than the $0 to $0 average in the Health & Fitness industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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