Cost & Fees
Please refer to Item 7 of our Franchise Disclosure Document for a complete overview of our costs and fees pertaining to owning a FITOPIA Franchise
| TYPE OF EXPENDITURE | LOW AMOUNT | HIGH AMOUNT | METHOD OF PAYMENT | WHEN DUE | TO WHOM PAYMENT IS MADE |
|---|---|---|---|---|---|
| Initial Franchise Fee2 | $50,000 | $50,000 | Lump-sum via Check or Wire | Upon Signing the Franchise Agreement | Franchisor |
| Site Review Fee3 | $10,000 | $10,000 | Within 30 days of signing Franchise Agreement | Franchisor | Us |
| Startup Package4 | $75,000 | $75,000 | Lump-sum via Check or Wire | Before Beginning Operations | Franchisor |
| Equipment Insurance Fee5 | $1,050 | $1,050 | EFT | Monthly after opening | Franchisor |
| Leasehold Improvements6 | $50,000 | $125,000 | As incurred | Before Beginning Operations | Landlord or Contractors |
| Rent (3 months)8 | $9,000 | $24,000 | As incurred | Before Beginning Operations | Landlord |
| Utility Deposits9 | $100 | $1,000 | As incurred | Before Beginning Operations | Utilities |
| Furniture & Fixtures10 | $4,500 | $7,500 | As incurred | Before Beginning Operations | Suppliers |
| Fitness Equipment11 | $6,000 | $10,000 | As incurred | Before Beginning Operations | Suppliers |
| Business Insurance12 | $2,000 | $6,000 | As incurred | Before Beginning Operations | Insurance Companies |
| Signage13 | $5,000 | $12,000 | As incurred | Before Beginning Operations | Suppliers |
| Office & Cleaning Supplies14 | $300 | $600 | As incurred | Before Beginning Operations | Suppliers |
| Business Management & Technology System15 | $2,500 | $5,000 | As incurred | Before Beginning Operations | Suppliers |
| Travel to Initial Training16 | $500 | $4,000 | As incurred | Before Beginning Operations | Airlines, Hotels, and other Suppliers |
| Licenses & Permits17 | $100 | $1,000 | As incurred | Before Beginning Operations | Licensing Authorities |
| Legal & Accounting18 | $2,500 | $5,000 | As incurred | Before Beginning Operations | Attorney, Accountant |
| Pre-Opening and Grand Opening Advertising19 | $15,000 | $30,000 | As incurred | Before opening and during the first 3 months of operation | Vendors |
| Additional Funds – 3 months20 | $20,000 | $50,000 | As incurred | As Necessary | Us, Vendors, Landlord, Etc. |
| Total21 | $256,550 | $415,150 |
