Capital Requirements

 

Q: What amount of capital will be required to open my center?

A: Including the initial fee of $30,500, your total investment can range from a low of $65,000 to a high of $125,000 providing you negotiate within the startup recommendations.

Q: Why do the start-up costs vary beyond the initial fee?

A: There are three categories that can reduce your costs: Tenant Improvements, Fitness Equipment & Working Capital.

  • Tenant Improvements include carpet, paint, offices and reception area. The approximate cost of materials is $12,000. The landlord may contribute up to 100% of this expense and free rent through effective lease negotiations. Although we cannot promise this total savings, some owners have been extremely successful saving thousands of dollars and reducing their start-up costs significantly.
  • Fitness Equipment is offered on a new or used investment preference. New equipment can be leased with a minimal down payment and a low monthly rate. Used equipment cost is approximately $7,000 plus shipping and is purchased in advance
  • Working Capital is recommended in the range of $9,000 to $25,000 for miscellaneous expenses including deposits, signage, starter kit, food inventory, computer, furniture, advertising, etc., which are outlined in your start-up checklist. A successful Pre-Grand Opening sales strategy will accumulate working capital for the first month in business.

Q: Will my layout/design project a sterile and competitive environment like weight loss centers and health clubs?

A: Absolutely not! Your center will create a socially intimate, warm and comfortable atmosphere. We strive to differentiate from the medical office and sterile diet center feeling. Large facilities, high ceilings and tile floors create an impersonal health club feeling. Your center will have a beautiful and inviting reception lobby where everything is designed with your customer in mind.

 

Q: How long will it take to open my center?

A: Upon your decision to own an Inches-A-Weigh center, our real estate & grand opening coordinator will assist you in each area to ensure a timely opening with a cost-effective result. These individuals are skilled in identifying the right location, but they will also rely on your resource-fullness and local assistance.

Income/Expenses

Q: What will be my monthly overhead and break-even point?

A: At the appropriate time in the interviewing process, you will discuss with Inches-A-Weigh your pre-ownership business plan, which contains the financial aspects of membership pricing, fixed and variable expenses and your bill paying calendar. Respectively, each owner differs monthly in market rent, salaries, advertising, loan repayment and personal business choices. Your goal is to oversee a low monthly budget and accelerate your break-even point.

Q: Can I speak with your current owners?

A: Certainly! We receive hundreds of requests for information each month. Our family of owners are more than willing to answer questions that people considering Inches-A-Weigh may have. Our owners are busy building their businesses in their individual markets. In respect to their time and yours we ask that each potential owner is first qualified and then attend a Discovery Day. Upon mutual interest your consultant will coordinate correspondence with existing owners.

 

Business is no success panacea. There are no ”Money Trees” and few find a four-leaf clover! It is a framework, however, where a foundation has been established and has served as a spring board for others who desire to achieve and enjoy the independence of self-employment.”

Scott Simcik, Founder,  Inches-A-Weigh

 

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