Hotworx Franchise FDD, Costs & Fees (2024)
KEY FRANCHISE STATS
All you need to know about this franchise in a snapshot
Initial franchise fee
$19,950
Investment required
$261,000 - $870,000
Royalty fee
$595 per month
Hotworx: Revolutionizing Fitness with Infrared Innovation
Hotworx is a pioneering fitness franchise specializing in infrared saunas and hot yoga sessions. Founded in 2012 in Baton Rouge, Louisiana, the franchise has gained prominence for its innovative approach to fitness and wellness. The company's headquarters remains in Baton Rouge, where it continues to drive its expansion and innovation.
Hotworx began its franchising journey in 2015, quickly establishing itself in the fitness industry with its unique combination of infrared heat and high-intensity workouts. The franchise offers a range of fitness programs that leverage the benefits of infrared technology to enhance exercise performance and recovery.
This distinctive approach sets Hotworx apart from traditional fitness centers, appealing to customers seeking a more holistic and effective workout experience. Hotworx provides a compelling alternative to conventional fitness solutions, attracting a diverse clientele interested in the latest advancements in fitness technology.
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.
Hotworx offers 4 types of franchises:
| Type of HOTWORX® Studio |
Initial Investment |
| Single Traditional HOTWORX® Studio Franchise |
$268,250 to $698,500 |
| Single Traditional Studios Developed in New York |
$268,250 to $869,500 |
| Single Express HOTWORX® Studio Franchise |
$261,250 to $691,500 |
| Single Express Studios Developed in New York |
$261,250 to $862,500 |
We are summarizing below the main costs associated with opening a Single Traditional Hotworx Studio Developed in New York.
For more information on the various types of franchises and its costs, refer to the Franchise Disclosure Document (Item 7).
Single Traditional Hotworx Studio Developed in New York.
| Type of Expenditure |
Amount |
| Initial Franchise Fee |
$12,950 to $19,950 |
| HOTWORX Sauna, Workout Equipment and Staff Uniforms |
$95,000 to $155,000 |
| Other Required Studio Equipment, Software and Furniture |
$17,000 to $20,500 |
| Other Required Studio Components |
$16,500 to $20,600 |
| Leasehold Improvements |
$15,500 to $380,500 |
| CAD Fee/Engineering & Architect Fees |
$3,200 to $14,500 |
| Trade Dress Items and Finish Out |
$25,000 to $46,000 |
| Utility, phone, real estate and real estate lease deposits |
$5,000 to $95,000 |
| Insurance initial payment |
$4,000 to $19,450 |
| Printing, Marketing and Advertising |
$10,000 |
| Wholesale Goods/Inventory to begin operating |
$20,000 |
| Professional Fees |
$1,000 to $10,000 |
| Additional funds during startup period, such as for first three months, initial operations, and working capital |
$35,500 - $54,500 |
| Out-of-Pocket initial training expenses, including travel and lodging |
$600 - $3,500 |
| Totals |
$261,250 - $869,500 |
Get
more
information
about
Hotworx
Interested in becoming a franchisee? Get matched with a franchise consultant to discuss your options. For free
Get a free consultationNumber of units
Franchise Disclosure Document
Training
Hotworx provides comprehensive training to its franchisees to ensure the successful operation and management of its fitness centers. The training program includes several key components:
- Operational Training: This covers the day-to-day operations of running a Hotworx franchise, including the setup and maintenance of infrared sauna equipment, customer service protocols, and managing workout sessions. Franchisees learn about the specific procedures and standards required to deliver the Hotworx fitness experience effectively.
- Sales and Marketing Training: Franchisees receive guidance on how to attract and retain customers through various marketing strategies. This includes local marketing initiatives, social media management, and promotional events. The training also focuses on sales techniques to drive membership growth and enhance customer engagement.
- Technical Training: Given the unique infrared technology used in Hotworx locations, franchisees undergo training on how to operate and maintain the specialized equipment. This ensures that all technology functions optimally and that franchisees can troubleshoot any issues that arise.
- Business Management Training: This aspect of the training covers financial management, staffing, and general business operations. Franchisees learn about budgeting, financial reporting, and best practices for hiring and managing staff to ensure smooth operations.
Territory Protection
Hotworx franchise offers territory protection to its franchisees to help ensure the success and profitability of their locations.
Each franchisee is granted an exclusive territory in which no other Hotworx franchise can operate, allowing them to capture a dedicated customer base and reduce direct competition within their area.
This territory protection is designed to support franchisees in establishing and growing their businesses without the added challenge of competing with neighboring Hotworx locations.
