20.02.2013 Views

ANYTIME FITNESS FRANCHISE DISCLOSURE DOCUMENT

ANYTIME FITNESS FRANCHISE DISCLOSURE DOCUMENT

ANYTIME FITNESS FRANCHISE DISCLOSURE DOCUMENT

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

AMOUNT<br />

TYPE OF <strong>ANYTIME</strong> METHOD TO WHOM<br />

EXPENDITURE <strong>ANYTIME</strong> <strong>FITNESS</strong> OF WHEN PAYMENT IS TO<br />

(Note 1) <strong>FITNESS</strong> EXPRESS PAYMENT DUE BE MADE<br />

Security System $0 to $2,400 $0 to $1,200 Lump Sum Before Vendors<br />

(Note 6) (Note 6) Issuing Order<br />

for the<br />

Equipment<br />

First Aid Equipment $1,000 to $1,000 to As Incurred As Incurred Vendors<br />

$1,600 $1,600 (Note 7)<br />

(Note 7)<br />

Interior Signs $775 to $975 $775 to $975 Lump Sum Before Us or Vendors<br />

Opening<br />

Outside Signs $2,000 to $2,000 to As Incurred Before Us or Vendors<br />

$9,500 $9,500 Opening<br />

Miscellaneous $3,000 to $2,000 to As Incurred As Incurred Vendors<br />

Opening Costs $16,000 $8,000<br />

(Note 8)<br />

Grand Opening $2,000 to $2,000 to As Incurred Within 30 Vendors<br />

Advertising $6,000 $6,000 (Note 9) Days from<br />

(Note 9) Opening<br />

Insurance (Note 10) $1,800 to $1,800 to Lump Sum Before Vendors<br />

$5,000 $5,000 Opening<br />

Supplies $1,000 to $1,000 to As Incurred Before Vendors<br />

$6,500 $6,500 Opening<br />

Legal and Accounting $500 to $4,500 $500 to $4,500 As Incurred Before Vendors<br />

Expenses Opening<br />

Additional Funds 3 $8,000 to $8,000 to As Incurred As Incurred Suppliers, Utilities,<br />

Months (Notes 11 and $50,000 $50,000 etc.<br />

12)<br />

Total $43,074 to $33,074 to<br />

$298,074 $218,974<br />

(Note 13) (Note 13)<br />

This table relates to the estimated initial investment for a start-up fitness center. Your initial investment<br />

to convert an existing health club or fitness center or to operate the Anytime Fitness franchise in a hotel,<br />

motel or an apartment complex that you own or operate may be less because your initial franchise fee<br />

would be lower and the expenses on equipment and other items may also be lower.<br />

Notes:<br />

(1) Except for a portion of the Initial Franchise Fee, none of these payments are refundable. See Item 5<br />

for information regarding refundability of a portion of the Initial Franchise Fee.<br />

(2) The Initial Franchise Fee is generally $17,999 for an Anytime Fitness center franchise. The Initial<br />

Franchise Fee for an Anytime Fitness Express franchise is $10,999. However, we discount these fees in<br />

certain specific circumstances. Some of these discounts are tied to you signing an Area Development<br />

Agreement, and committing to open 2 or more Anytime Fitness centers or Anytime Fitness Express<br />

centers. All these discounts are described in Item 5.<br />

(3) In most cases, you must pay the Initial Franchise Fee in full when you sign the Franchise Agreement.<br />

There are, however, two situations in which you may pay this fee in installments. When the fee is<br />

$17,999, you may pay $9,999 when you sign the Franchise Agreement, and an additional $10,000 (thus a<br />

FDD 10

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!