PALANGO FITNESS FRANCHISE OPPORTUNITY
Palango! Fitness franchising opportunity could change your life for the better. It is a great way to immerse yourself in an industry that is growing consistently every year and that right now, brings in over $80 billion in revenue. Now you can be part of it and in the process help hundreds of people in your community by working with a proven business model that is expanding rapidly. With over 9 years in the industry, Palango! Fitness offers you a solid low investment with local support every step of the way; 4 different formats, marketing, technology, training and a community ready to keep growing with you. Founded in 2009, Palango! Fitness by Felix Ojeda operated out of a garage studio. Now, Palango! Fitness has a presence in New York, New Jersey, California, Texas, Illinois and Colorado. Palango! Fitness consists of 4 different programs and a culture defined by simple, fun, and intense way to do things. Do not wait! The low investment franchise fees will only be available for a short time.
PALANGO FITNESS FEES AND START UP
Palango! Fitness' franchise fee is considerably lower than average for a franchised fitness boutique business. Initial fees are $35,000 for 2019. This covers a one time fee to pay for the trademark and the rights to use our 4 fitness programs. In addition, there are the normal labor costs, real estate/ rental cost and build up cost of your location. In total, the costs range between $65,000 to $85,000. A big advantage for you is that in our model you will pay royalties for net profit, no revenue, and you will have first 6 months with no payment. Or you have the option to pay a once a month fee of $799.00 a month after your first 6 months or a 8% of your net profit.
Revenue and Income
Palango! Fitness' business model is simple. We utilize an established membership subscription system in which our clients pay an affordable monthly fee ($120.00 majority EFT) Clients also have the option to pay for classes without a subscription for as low as $20.00 per class. Other sources of revenue include branded merchandise, nutritional products, personal training sessions, drinks and shakes (some locations), online classes (%), and vendors ads. We have projected the following number for first 3 years:
Year One Revenue $204,000
Year Two Revenue $335,000
Year Three Revenue $410,000
Predictable expenditures are for the lease.utilities,trainers/instructors/manager salaries, and other miscellaneous, often non-recurring costs. A Palango! Fitness studio averages $8500 to $12,000 in annual expenditures making the net profit margin over 90%, Cost and expenses are mostly fixed, therefore it is very simple analyze the cost structure.