- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$272K - $604K
- Units as of 2019
-
6 20.0% over 3 years
Company Overview
About Physique 57
| Industry | Personal-Care Businesses |
|---|---|
| Related Categories | Fitness |
| Founded | 2005 |
| Parent Company | Jevo Inc. |
| Leadership | Jennifer Vaughan Maanavi, Founder and CEO |
| Corporate Address |
24 W. 57th St., #805 New York, NY 10019 |
| Social | Facebook, Twitter |
Business Overview
| Franchising Since | 2019 (6 years) |
|---|---|
| # of employees at HQ | 130 |
| Where seeking |
This company is offering new franchises in the following US states: This company is offering new franchises in the following international regions: |
| # of Units | 6 (as of 2019) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Physique 57 franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$50,000 |
|---|---|
|
Initial Investment
|
$272,037 - $603,551 |
|
Net Worth Requirement
|
$500,000 |
|
Cash Requirement
|
$270,000 |
|
Royalty Fee
|
7% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 40-185 hours |
|---|---|
| Classroom Training | 45-100 hours |
| Ongoing Support |
Grand Opening
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
|
| Marketing Support |
Ad Templates
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 8-12 |
|
Are exclusive territories available?
|
Yes |
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