3/10

Franchimp Summary Rating

3 /10
Investment Accessibility
Higher than 72% of peers

Franchise Summary

Description
SHAPES Clubs are fitness businesses which offer women focused fitness, group training, individual, personal training and other fitness products and services we may designate or approve. The franchises offered are for the operation of an individual SHAPES Club or the Development program for 3 SHAPES Clubs
Company Background
SHAPES is a fitness company that offers women focused workouts, group training, individual personal training and other fitness products and services. The franchises offered are for the operation of an individual SHAPES club or the development program for 3 SHAPES clubs.
Franchise Opportunity
Most women are not getting the exercise they need to stay fit and healthy. SHAPES(R) Clubs offer a variety of fitness services that help you get into shape quickly, safely, and affordably. Our group training sessions are fun, energetic, and affordable. You'll love our results-oriented approach to fitness! The SHAPES(R) team is here to make your workout experience as enjoyable as possible with motivating instructors who will push you past your limits while keeping it fun! We're also here for you when it comes time to meet with a personal trainer; we have certified trainers ready to work one on one with clients at any of our locations across the country. If you want real results from an experienced team, then join us today!
Royalties and Marketing Fees

Royalties : 6.0% of revenue

Distribution of Shapes Fitness for Women Franchisees

Shapes Fitness for Women Franchise System Development in 2017

FAQ

How much investment do I need to start my own Shapes Fitness for Women business?
Franchisees typically require at least $191,300 to $191,300 investment to get their Shapes Fitness for Women business started
What are the initial franchise fees for Shapes Fitness for Women?
Franchisees typically need to pay at least $50,000 in fees directly to Shapes Fitness for Women in order to earn the right to launch their business
How much money can I make with a Shapes Fitness for Women franchise? What are the average revenues for a typical Shapes Fitness for Women business?
We haven’t done the math on how much revenue a typical Shapes Fitness for Women brings in each year. We estimate that other franchisees in the Health & Fitness industry generate $579,475 revenue, so we would expect Shapes Fitness for Women to generate a similar amount
How long do I need to commit to running a Shapes Fitness for Women unit? What is my contractual commitment?
Shapes Fitness for Women franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 5 years. You can of course exit early but don’t expect to get any refund!

Accessibility

3 /10
The Franchisor's investment costs ranges from $175,790 to $838,750 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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