Nexgym

Children's interactive fitness program

Background

Founded: 2005 Franchising since: 2006

1430 E. Southlake Blvd., #110
Southlake, Texas 76092

Phone:
(888)696-8444

Franchisor is a privately-held company with 8 employee(s); 4 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2007	1	0	0	1
2006	1	0	0	1
2005	N/A	N/A	N/A	1

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Exclusive territories available.

Costs and Fees

Total investment: $213K-397K
Franchise fee: $30K

Ongoing royalty fee: 6%
Term of agreement: 10 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	No
Startup Costs	No	No
Equipment	No	No
Inventory	No	No
Accounts Receivable	No	No
Payroll	No	No

Qualifications
Net worth requirement: $200K
Cash liquidity requirement: $50K

Operations

Number of employees needed to run franchised unit: 10
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)