|Initial Franchise Fee||$10,000|
|Computer, Office Furniture||$1,000 to $1,500|
|Office Supplies and Inventory||$300|
|Rent||$1,500 to $4,000|
|Leasehold Improvements*||$1,000 +|
|Exercise Equipment**||$2,000 to $68,989+|
|Signage||$500 to $1,500+|
|Equipment Freight, Install and Taxes||Included in equipment investment above|
|24 Hr Access and Surveillance Systems***||Included in equipment cost above|
|Travel, Lodging, Meals for Initial Training||$1,500|
|Mirrors and Lockers||$600 +|
|Total||$21,150 to $90,998+|
The above are estimates only.
* In some instances locations are found needing only a fresh coat of paint, a good cleaning and both gender restrooms pre-installed which will greatly reduce the cost of build out. There are no construction requirements. You can style your Extreme Gym as you please however, buildout/improvement cost can cost up to $40,000 or more depending on condition of the the rental space. If this is true, factor this into the total investment cost.
** Total cost of Exercise Equipment package is $68,989. If you are leasing or financing the equipment package, look to pay only your first and last month payments which will bring your total investment start-up cost down to $21,150 minus buildout expense.
*** Insurance cost will increase depending on added amenities such as classes, personal training, tanning, etc.
Also architectural fees of $4000-$5000 would be figured into your investment if your jurisdiction or township requires it.
Estimates above are based on Premium package only. We also have other equipment packages containing more equipment which will of course increase the cost of the equipment investment.
You will want to have $10,000 to $15,000 additional funds on hand for the first 3 months.