FREQUENTLY ASKED QUESTIONS
Why should I join the GYMGUYZ team?
GYMGUYZ is a company that is revolutionizing the fitness industry. The industry has spread out among all age groups and will remain resilient as the demand from health-conscious consumers grows.
How do I obtain a copy of the GYMGUYZ Franchise Disclosure Document?
Upon completion of a telephone interview, we will email you a copy of our FDD.
What are your royalty fees?
The royalty fee is 6% of gross sales and the brand development fund is 2% of gross sales. Both fees are paid weekly.
How much does a GYMGUYZ cost?
Initial total startup cost: approx. $87,000-140,001 for a single territory. Many of our franchisees purchase multiple territories. When purchasing more than one location there is a discount.
Is financing available?
Financing is available through a third party. GYMGUYZ is Small Business Association (SBA) approved. www.sba.gov
Do you offer any discounts to purchase a franchise?
Yes, we are affiliated with VetFran and we offer a $5,000 discount off of the initial franchise fee to veterans interested in a GYMGUYZ franchise.
How much money will I make?
Revenues may vary significantly depending on several factors, refer to item 19 in our FDD.
Do I purchase or lease the GYMGUYZ vehicle?
All our vehicles are leased and is included in the startup cost. All transactions are done through Corporate.
How do I get the vehicle to my location/territory?
You are responsible for having it shipped from the vendor, or you may choose to drive the vehicle to your location.
Do I purchase the equipment in the vehicle?
Yes, the equipment is purchased through one of our vendors. This price is included in the startup cost.
Do you help with marketing/advertising?
The brand development fund is to assist with marketing. We also handle all social media and email blasts to reach our customer base.
How long before I can begin operating my GYMGUYZ franchise?
After training, you can be up and running within 8-12 weeks.
Where does the training take place?
The training includes 4.5 days at our corporate headquarters in Plainview, NY and 1 day at your territory.
How many people can attend the training?
The owners and partners should take part in the training, you may also bring trainers if you would like.
What type of support will I receive after the initial training is complete?
You will receive continuous support including, but not limited to: visits to your market, business planning, continuous training, R&D for fitness trends, local marketing development, training videos, instructional videos, monthly webinars, weekly phone calls, plus much more!
Can I purchase a GYMGUYZ in a state where I do not reside?
Of course, scalability is endless.
How big of a territory do I get?
A basic territory is over 10,000 qualified households which is based on cost of living index of the market and other advanced analytics. Additional territory is available, fees apply.
Do I get a discount if I purchase multiple territories?
Yes, please refer to our FDD.
What are the plans for GYMGUYZ in the future?