GYMGUYZ Franchise FDD, Costs & Fees (2024)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Initial franchise fee
$49,500
Investment required
$92,000 - $174,000
Royalty fee
7.00%

GYMGUYZ: Revolutionizing In-Home Personal Training Excellence

Based in Melville, New York, GYMGUYZ is a franchise company specializing in in-home mobile personal training and fitness.

Josh York founded GYMGUYZ in 2008. The company provides clients with personalized training programs tailored to weight loss and general fitness goals. They begin with a complimentary personal assessment, after which personal trainers create flexible workout plans to suit individual needs.

GYMGUYZ has transformed the fitness industry for those seeking adaptable workout schedules or who prefer to avoid traditional gyms.

Their fitness programs are engaging and challenging, with each session offering a unique and motivating experience. Programs can be customized for individual, group, or corporate workouts.

The franchise began its expansion in 2013, and by 2023, it operates 157 locations, including 118 franchises across the United States.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount
Initial Franchise Fee $49,500
Computer System and Software $500 to $1,000
Insurance $2,500 to $4,000
Permits and Licenses $0 to $500
Equipment $0 to $8,000
Marketing Materials $0 to $4,500
Initial Marketing Funds $11,500 to $31,500
Travel Expenses for Training $100 to $2,500
Vehicle $2,500 to $7,500
Professional Fees $500 to $2,000
Apparel $0 to $500
Launch Fund Fee $0 to $2,500
Additional Funds – 3 Months $25,000 to $60,000
Total $92,100 to $174,000

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Number of units

2024
Franchised units

95

97

119

Company-owned units

3

3

3

Total units

98

100

122

Franchise Disclosure Document

Training 

GYMGUYZ offers a comprehensive training program known as the GYMGUYZ University Training Program. This hybrid model spans approximately four weeks and includes live virtual training, online modules, and four days of in-person training at GYMGUYZ headquarters in Melville, New York. This mandatory training is provided at no extra cost for up to two participants (the franchisee and one team member).

Initial Training Program Breakdown

Welcome - The Brand, Customer Service, and Life of an Owner:

  • Duration: 2 hours of classroom training and 1 hour of on-the-job training.
  • Location: Melville, New York, or via virtual training.

Marketing, Advertising, and Services Offered:

  • Duration: 3 hours of classroom training and 8 hours of on-the-job training.
  • Location: Melville, New York, or virtual training.

Lead and Client Management:

  • Duration: 1 hour of classroom training and 2 hours of on-the-job training.
  • Location: Melville, New York, or via virtual training.

Human Resources and Managing Employees:

  • Duration: 4 hours of classroom training and 2 hours of on-the-job training.
  • Location: Melville, New York.

Territory Protection

GYMGUYZ provides territory protection for its franchisees, offering them exclusive rights to operate within a defined geographic area. This ensures that franchisees can build and expand their business without the worry of another GYMGUYZ franchise encroaching on their territory, fostering a secure and competitive business environment.

However, this territory protection comes with certain limitations and conditions. Franchisees must adhere to specific performance standards and comply with company guidelines to maintain their exclusive rights. Additionally, the size and boundaries of the protected territory are determined based on factors like population density and market potential, ensuring equitable opportunities for all franchisees.

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