Little Gym Franchise Costs & Fees

Little Gym Costs, Fees, Discounts & Financing

Little Gym Start Up Costs, Ongoing Fees & Financing

Little Gym Initial Franchise Fees

Initial Fee.

You pay the initial franchise fee for each Little Gym franchise in full in a lump sum payment when you sign the Franchise Agreement.

The initial franchise fee is currently $49,500 for each Standard Territory. In addition, The Little Gym International, Inc. require you to purchase a Start-Up Equipment and Inventory Package from The Little Gym International, Inc. or another approved source, unless prohibited by law. The cost of the Start-Up Equipment and Inventory Package is approximately $38,000 to $48,000. You may pay The LIttle Gym International, Inc. also for signs, initial sales promotion, and other miscellaneous items described in Item 7 of The Little Gym FDD, in the amount of up to $43,000.

The initial franchise fee for Small Market Territories (as defined in Item 12), if offered, will be $29,500 for Small Market Territory. The cost of the Start-Up Equipment and Inventory Package for Small Market Territory franchisees is approximately $36,000 to $46,000. You may pay The LIttle Gym International, Inc. also for signs, initial sales promotion, and other miscellaneous items described in Item 7 of the FDD, in the amount of up to $34,000.

Refundability.

The franchisor may, at its option, terminate the Franchise Agreement with the following refunds under the following conditions:

1. if your background or credit check is unsatisfactory, The Little Gym International, Inc. may terminate the Franchise Agreement within 60 days of your signing the Franchise Agreement and refund 80% of the initial franchisee fee;
2. if you do not successfully complete any portion or all of its initial training program described in Item 11, and you apply in writing for a refund of the initial franchise fee within two weeks of completion of such training program, The Little Gym International, Inc. may terminate the Franchise Agreement and will refund 50% of the initial franchise fee;
3. if you fail to commence full operation of your business within 10 months from the date of the Franchise Agreement and if you apply in writing for a refund before the expiration of the 10 month period, The Little Gym International, Inc. may terminate the Franchise Agreement and will refund 20% of the initial franchise fee;
4. if you fail to locate a site for your business within 180 days from signing the Franchise Agreement (or the extension date if The Little Gym International, Inc. granted you an extension), The Little Gym International, Inc. may terminate the Franchise Agreement and will refund 50% of the initial franchise fee. To obtain any refund: (i) The Little Gym International, Inc. must, in their sole discretion, decide to terminate the Franchise Agreement; (ii) this must be your first franchise purchased from us; and, (iii) you must first sign a mutual termination and release agreement, return all manuals, and confirm your post-termination obligations, including non-competition. The Little Gym International, Inc. does not refund the initial franchise fee for any other reason, and The Little Gym International, Inc. does not refund other payments to us.

Variability.

The Little Gym International charges all franchise owners an identical initial franchise fee, except as described above relating to Small Market Territory franchises, and as described below as to multiple units. With the franchisor’s written consent, your Territory may be subdivided into two territories, by paying $20,000.

The fees for third and subsequent units are 50% of the then current initial fee. If you sign our Multi-Unit Area Development Agreement you will commit to open at least four units and pay $75,000 for your area rights and for the initial fee, and will pay $25,000 for initial fees for the second and third units, no fees for your fourth unit (while you are in full compliance with all of the terms under the Multi-Unit Area Development Agreement). You will pay $15,000 for initial fees for each subsequent unit.

The Little Gym International currently has a policy of discounting its initial franchise fee to $34,750 for a standard territory and $24,750 small market, for certain qualified long-term The Little Gym International, Inc. employees and vendors. The Little Gym International, Inc. currently has a policy of discounting its initial franchise fee by 50% for qualified veterans, which cannot be used with other incentive discounts. The Little Gym International, Inc. may change these policies at any time. They currently have a policy of discounting its equipment package and inventory by $10,000 for qualified minorities, as defined by us, which cannot be used with other incentive discounts.

The initial franchise fees for The Little Gym Franchises paid during its last fiscal year for all new franchisees were from $39,500 (former small market fee) to $69,500.

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