My Gym Children's Fitness Center
My Gym Children's Fitness Center 15300 Ventura Blvd., # 423
Sherman Oaks, CA 91403
800#: (800) 469-4967 Tel: (818) 907-6966 + 116 Fax: (818) 907-0735
E-Mail: [email protected]
Web Site: www.my-gym.com
Contact: Mr. Michael Chalovich, Chief Operating Officer
MY GYM CHILDREN'S FITNESS CENTER's structured, age-appropriate weekly classes incorporates music, dance, relays, games, special rides, gymnastics, sports and other original activities. MY GYM kids have so much fun as they gain strength, balance, gross motor skills, agility, flexibility and social skills. Our programs' biggest benefit is the building of confidence and self esteem. We help design our state-of-the-art facility and assist in every aspect of getting you started.
Franchisor Background
Established: 1983
First Franchise: 1994
Franchise Units: 116
Company-Owned Units: 10
Total Units: 126
Distribution:
U.S. -- 123;
Canada -- 0;
International -- 3
-North America -- Operations in 29 States
-States/Provinces with Greatest Density: 24 in CA, 18 in FL, 8 in IL
Projected New Units Over Next 12 months: 40
Franchisee Qualifications: 2, 3, 3, 3, 4, 5
(Click here for an explanation)
Registered in Following Registration States: All States Except ND and SD (Click here for an explanation)
Average Number of Employees: 3 FT, 4 PT (FT = Full Time, PT = Part Time)
Space Needs: 2,400 SF; SF, SC
(Click here for abbreviations)
Encourage Conversion: NA
Financial Requirements
Cash Investment: $30-60K
Total Investment: $130-220K
Average Total Investment: $175.0K
Minimum Net Worth: $NA
Fees:
-Franchise: $49.4K
-Average Franchise Fee: $49.5K
-Royalty: 6%
-Average Royalty: 6.0%
-Advertising: 1%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 12/12
Passive Ownership: Discouraged
Area Development Agreements: Yes/12
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: Yes(I)
Cooperative Advertising: Yes
International Franchise Association: IFA MEMBER
Canadian Franchise Association:
Franchisee Association / Member: No
Size Of Corporate Staff: 15
On-Going Support: B,C,D,E,F,I (Click here for an explanation)
Training: 19 Days Corporate Headquarters in Los Angeles, CA; Regional Pre-and Post-Training.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: All Canada
Overseas: All Countries
Note: NR = No Response by Franchisor.
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