My Gym is a children's physical education center focused on developing motor skills, sports abilities, and fitness. The franchise provides fun and educational physical activity programs for kids in a bright, engaging environment.
Key Insights
- My Gym has a legacy of fostering children's physical, cognitive, and social development through engaging programs. The business originated from a vision to create safe and stimulating environments where children could build confidence and healthy habits, forming a foundation for lifelong well-being.
- The franchise operates by providing structured and playful fitness classes for children of various age groups, focusing on non-competitive activities that promote agility, strength, and coordination. Locations are designed to be bright and engaging, equipped for age-appropriate movement and exploration.
- The business operates within the children's enrichment and fitness sector, an industry focused on supporting childhood development and providing families with accessible opportunities for active learning and growth. This market segment sees consistent demand from parents prioritizing their children's comprehensive development.
Franchise Fee and Costs to Open
Exploring the financial picture of My Gym gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $240,800 - $425,600, along with a franchise fee of $55,000 - $55,000.
Financial Performance and Revenue
Training and Resources
My Gym provides new franchisees with comprehensive training and resources. Initial training spans two weeks and takes place at their corporate headquarters. This program offers in-depth instruction on My Gym's proven methods and operational standards. The franchisor also provides marketing materials and ongoing support to help franchisees establish their My Gym location.
Legal Considerations
Legal considerations for a My Gym franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
A franchisee may encounter challenges in navigating local market competition from similar children's activity centers. The operational complexity of managing classes, staff, and facility maintenance requires efficient systems. Reliance on specific supply chains for equipment and branded materials necessitates careful vendor management and inventory planning to ensure consistent service delivery.
Franchise Datasheet
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