How Much Does It Cost To Open An ISI® Franchise
ISI® Elite Training is an affordable opportunity in the $22+ billion boutique fitness industry
When you think of a boutique fitness franchise, you might think of a large space with a sea of equipment – or to put it into business terms, a tremendous amount of overhead.
ISI® Elite Training is designed to be the exact opposite.
The total investment to open an ISI® Elite Training franchise ranges from $295,550 – $495,250, which makes us one of the more affordable opportunities in the boutique fitness franchise industry.
Everything about the ISI® Elite Training business model is designed to keep both the initial investment and ongoing costs affordable. Our facilities require only a small footprint typically between 2,400-3,200sq. ft., which means that we’re able to secure top real-estate at affordable rates.
“This model is very scalable,” says Adam Rice, Founder & CEO. “Our franchise owners may start with one location, but they quickly start looking at opening more once they see how scalable the business model is. With a low cost equipment package, simple build-out, and minimal staffing, there’s no wonder why the majority of our franchise owners are or will be multi-unit owners.”
ISI® Elite Training is a fixed cost model
One of the main reasons people franchise with ISI® Elite Training is because it’s a fixed cost model. Your overhead costs will remain the same no matter how many members you acquire, and once the number of members exceeds your overhead costs, the profit-potential becomes exponential.
“The business model benefits from fixed ongoing costs,” says Amanda Hall, COO. “As you grow, the model remains very simple, and it’s very easy to create layers of leadership within your business to help you scale effectively. The more facilities you open, the more lives you get to impact, and that’s the core of what this business is all about.”
Do you offer financing?
While we don’t offer direct access to financing, we do have relationships with third-party lenders who can help you secure the funds necessary to open your business.
Download the Franchise Report
Every so often a brand comes along that changes everything, that raises the bar, and becomes a part of the fabric of American culture. In the $22 billion boutique fitness industry, that brand is ISI® Elite Training.
Do you offer discounts for veterans?
Yes! ISI® Elite Training is a proud partner of VetFran, and we offer a discount of $10,000 off the initial franchise and $5,000 off any additional territories awarded for qualified military veterans. We believe strongly that veterans make exceptional entrepreneurs, and we cannot wait to help veterans make the leap into business ownership. We thank you for your service!
Want a deeper dive into the costs & fees associated with ownership?
For a deeper understanding as to the costs and fees associated with investing in an ISI® Elite Training franchise, please review Item 7 from our most recent franchise disclosure document below:
|Type of Expenditure||Low Amount||High Amount||Method of Payment||When Due||To Whom Payment is to be Made|
|Initial Franchise Fee||$60,000||$60,000||Lump sum||At signing of the Franchise Agreement.||Franchisor See Item 5|
|A/V Equipment||$20,200||$24,250||As incurred||At Franchisor Training.||Approved Supplier(s)|
|Equipment, Furniture and Fixtures||$45,000||$55,000||As incurred||Before Opening.||Approved Supplier(s)|
|Real Estate||$6,800||$20,500||As incurred||Before Opening.||Third-Party Landlord|
|Leasehold Improvements||$35,000||$150,000||As incurred||Before Opening.||Third-Party Providers|
|Utilities||$1,000||$3,000||As incurred||Before Opening.||Third-Party Utility Providers|
|Signage||$13,000||$22,500||Lump sum||Before Opening.||Approved Suppliers|
|Start-Up Inventory||$10,000||$14,500||Lump sum||Before Opening.||Approved Suppliers|
|Grand Opening Marketing||$20,000||$20,000||Upon securing your location||One month|
prior to the Business being open for operation and one month after the Business is open for operation.
|Approved Supplier(s) or other Third-Party Suppliers|
|Facility Personnel Compensation: Pre- Opening||$20,000||$20,000||As incurred||As incurred||Personnel of your franchised Facility.|
|Uniforms||$500||$1,000||Lump sum||Prior to Opening, as invoiced||Approved Supplier (currently, our affiliate)
|Insurance||$1,800||$4,500||Lump sum||As arranged||Third-Party Provider|
|Travel, Lodging and Meals for Initial Training Program||$0||$3,000||As incurred||As arranged||Various Third-Party Providers of Travel, Lodging and Meals|
|Training Fee||$3,000||$3,000||Lump sum||Prior to attending our Initial Training Program||Us|
|Technology Fee (From signing Franchise Agreement through third month of operation)||$6,750||$9,000||As incurred||At signing of the Franchise Agreement.||Us|
|Business Licenses, Permits, Certifications, Soft Construction Costs, and other Professional Fees||$12,500||$20,000||As incurred||Prior to opening and/or Development (as appropriate)||Appropriate Government and/or Comparable Authorities|
|Additional Funds (3 months)||$40,000||$50,000||As incurred||As arranged||Various parties, including us (Tech Fees), other Approved Suppliers, LL, Facility personnel, other suppliers, etc.|