Nexgen fitness
Company Information
1721 Cross Timbers Dr, Prosper TX 75078
We do not have any parents. NexGen Fitness Corporation, Texas Corporation with an address of 1721 Cross Timbers Dr, Prosper TX 75078 is our predecessor pursuant to asset purchase In February of 2019. We do not have any affiliates, parents, or predecessors that offer franchises in any other line of business. Bryan Whatley, LLC, with an address of 1721 Cross Timbers Dr, Prosper TX 75078 offered NexGen Fitness licenses during the years 2014 to 2018. As of December 31, 2019, there were and are currently 6 open and operating NexGen Fitness licensees in Texas. In addition, Bryan Whatley, LLC, our affiliate, owns and operates NexGen Fitness Businesses like the franchises offered in this disclosure document . We do not have any parents or affiliates that offer franchises in any line of business.
As a NexGen Fitness franchisee, you will use specialized business formats and systems, called the “System,” which we may modify, supplement, and update. You will use certain service or trademarks and other commercial symbols referring to as the NexGen Fitness brand, products, and services, which we call the “Marks.” NexGen Fitness Franchised Businesses must provide all and only NexGen Fitness products and services unless we consent in writing. If you desire and qualify to develop multiple NexGen Fitness Franchised Businesses, we offer the opportunity to enter into an Area Development Agreement with us (the “Area Development Agreement”). Under an Area Development Agreement, you are granted the ability to develop multiple NexGen Fitness Franchised Businesses within a designated area (the “Development Area”) in accordance with a development schedule specified in the Area Development Agreement (the “Development Schedule”). Our current form of Area Development Agreement is attached as Exhibit “A” to this Disclosure Document. For each Franchised Business that you open, you must sign a then-current form of NexGen Fitness Franchise Agreement. If you do not open your Franchised Businesses per the Development Schedule, we may terminate the Area Development Agreement, you will lose the ability to develop other NexGen Fitness Franchised Businesses under the Area Development Agreement, we may keep the full development fee, which you paid; however, the Franchise Agreements for the NexGen Fitness Franchised Business already opened will not be terminated, because you did not follow the Development Schedule. We may continue to develop new products and services, but we are not obligated to do so. If we do develop new products or services, we may offer you the opportunity to provide such products or services, but we are not required to offer you such opportunity, and if we do, we may require you to take additional training, pay additional fees, sign additional agreements or meet other requirements. You have no obligation or right, to open any additional NexGen Fitness Franchised Businesses unless you sign an Area Development Agreement.
| FDD | Effective Date | Action |
|---|
Franchise Rating
Franchimp Summary Rating
8/10
Earning Transparency
10/10
Investment Accessibility
6/10
Summary of potential earnings
$989,580 / unit
Average Gross Profit During 2021Health & Fitness
$1,144,710 / unit
Average Revenue During 2021Health & Fitness
Franchise System Development
| Year | Units at Start of Year | Units Opened | Units Terminated | Non-Renewals | Re-Acquired by Franchisor | Ceased Operations | Units at End of Year |
|---|
Employee Contact Database
| # | Name | Position | Phone |
|---|
Summary of Investment Costs
Upfront Franchise Fees
Minimum: $60,000 Maximum: $83,500
Upfront franchise fees are the one-time payments required to secure rights to operate under an established brand, typically ranging from $20,000 to $100,000+ depending on brand value.
These fees grant access to proprietary business systems, training programs, intellectual property rights, and often territorial exclusivity—essentially purchasing the blueprint for a proven business model.
While separate from ongoing royalties, investors should evaluate these fees against expected returns, comparing fee-to-earnings ratios across opportunities and assessing how effectively franchisors reinvest these funds into system improvements.
Total Investment Costs
Minimum: $172,750 Maximum: $346,495
Ongoing Fees
Ongoing franchise fees, typically structured as royalties ranging from 4-8% of gross sales, represent the continuous payments franchisees make to maintain brand affiliation and support services.
These recurring fees fund the franchisor's operational assistance, marketing initiatives, technology updates, and continued brand development—creating a partnership where the franchisor's revenue grows alongside the franchisee's success. In addition to royalties, franchisees often contribute to national advertising funds (usually 1-3% of sales) and may incur technology fees, supply chain markups, or renewal fees depending on the franchise agreement.
Investors should carefully analyze these ongoing costs within their financial projections, as they directly impact profit margins and cash flow throughout the entire franchise relationship.
Secure your E2 visa in the U.S. by investing in this franchise—with down payments starting at just $100k
Learn About E2 Visa OpportunitiesPopular Franchises
Franchises in the Same Industry
Do you work for this Franchise? If so, claim this franchise!
Help us ensure accurate and up-to-date information by claiming this franchise. Fill out the form below to provide details, and we'll populate the page with your input.
