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 Precision Fitness
...Your Custom Body Shop |
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Precision Fitness has established strategic partnerships that provide a range of franchise financing options. Franchisees don't need large sums of cash or even home ownership to get started. Although costs vary slightly by location, you can open your own Precision Fitness franchise for $71,000 to $85,000, including up to $5,000 in grand opening advertising/marketing dollars. The chart below outlines general costs for information purposes; your own specific franchise costs would be identified as part of your Precision Fitness franchise agreement.
| Description |
LOW |
HIGH |
| |
1,200 s.f. |
2,000 s.f. |
| Real Estate / Rent |
$ 2,500 |
$ 4,500 |
| Utility Deposits |
$ 500 |
$ 500 |
| Leasehold Improvements |
$ 5,000 |
$ 7,500 |
| Furniture, Fixtures, and Equipment |
$ 21,000 |
$ 27,000 |
| Initial Retail Inventory |
$ 250 |
$ 500 |
| Insurance |
$ 350 |
$ 1,200 |
| Signage |
$ 2,500 |
$ 4,000 |
| POS Equipment |
$ 350 |
$ 450 |
| Office Equipment and Supplies |
$ 1,200 |
$ 3,000 |
| Grand Opening |
$ 1,500 |
$ 5,000 |
| Licenses and Permits |
$ 500 |
$ 3,500 |
| Legal and Accounting |
$ 1,000 |
$ 2,000 |
| Working Capital |
$ 10,000 |
$ 15,000 |
| Subtotal (before franchise cost) |
$ 46,650 |
$ 74,150 |
| Average Subtotal |
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$ 60,400 |
| Training |
$ 0 |
$ 750 |
| Franchise Fee |
$25,000 |
$ 25,000 |
| TOTAL |
$71,650 |
$ 99,150 |
| Average Total |
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$ 85,400 |
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