Is
iLoveKickboxing
a franchise?
How many
iLoveKickboxing
franchises
are there?
What are the
iLoveKickboxing
franchise
fees?
Initial Franchise Fee
The initial franchise fee is $49,999 per Territory. This fee is due upon entering into the franchise agreement and is nonrefundable once paid. There is a $10,000 refundable deposit that is applied towards this fee. For honorably discharged veterans of the United States armed forces, there is a $10,000 discount on the Initial Franchise Fee, provided they present a copy of their DD214 form.
Royalty Fee
Franchisees are required to pay a royalty fee of 6% of Gross Revenues, with a minimum royalty of $597 per month starting from the third month of operations or the third month after the agreed-upon opening date for outlets not opened on time. "Gross Revenues" includes all revenues derived from the operation of the franchised business, excluding sales and use taxes.
Marketing Fee
The local marketing requirement varies depending on the number of members at the outlet. For outlets with 300 members or fewer, the greater of 4% of Gross Revenues or $2,000 per month is required.
For outlets with more than 300 members, the greater of 4% of Gross Revenues or $1,000 per month is mandated. Franchisees must spend these funds to promote the business locally according to the franchisor's guidelines.
Note: The fees presented here can be found in the Item 5 of the Franchise Disclosure Document. For a complete list of all the fees borne by the franchisee, please consult the Franchise Disclosure Document.
How much does
it cost
to start a
iLoveKickboxing
franchise?
Note: The table above provides a snapshot of the main costs associated with starting the most common franchise format (as disclosed in the Item 7 of the Franchise Disclosure Document). For a complete overview of all the expenses involved with the various formats offered by the franchisor, please consult the Franchise Disclosure Document.
Does
iLoveKickboxing
provide
training
to its
franchisees?
Initial Training
Franchisees must successfully complete an initial training program within three months of signing the franchise agreement and before they may operate the franchised business.
The franchise does not charge for this initial training, but franchisees must cover any travel and living expenses incurred to attend. The content of the initial training covers operational problems and issues that franchisees may encounter, as well as guidance on hiring and training employees.
Additional Training or Seminars
iLoveKickboxing may offer additional training or seminars, which franchisees may be required to attend, either live or electronically. While there is no charge for these additional training sessions or seminars provided by the franchisor, franchisees are responsible for any travel and living expenses.
Operational Support
In addition to formal training programs, iLoveKickboxing provides ongoing operational support to assist franchisees with any problems and issues they may encounter in the operation of their franchised business. This support is part of the franchisor's commitment to maintaining high standards across all locations.
Does
iLoveKickboxing
provides
territory
protection?
The iLoveKickboxing franchise does provide territory protection for its franchisees.
Can a
iLoveKickboxing
franchise
be run as
a passive
investment?
The franchise cannot be run purely as a passive investment because either personal involvement in the operation is required, or a Designated Manager must be actively involved and trained to the franchisor's satisfaction.
