Cash Investment (Liquid): $75000
Minimum Investment: $170500
Maximum Investment: $460030
Minimum Net Worth: $300000
Franchise Fee: $45000
Average # of Employees:
Year Established: 2008
Year First Franchised: 2016
WHO ARE WE?
Core Progression is not your typical gym. They are a personal training centric, total body wellness, boutique style studio. By combining customized personal and semi-private training with group classes, wellness providers, and retail products they give clients a one-stop wellness shop.
Low Investment/Minimal Overhead: Unlike big box gyms, they do not have the overhead or equipment requirements that most fitness facilities need. By having a smaller footprint, contracting trainers, and focusing solely on personal training and group classes they maximize
their space to be the most profitable. Total Investment Range - $152,990 - $508,630
Revolutionary Concept: With their unique approach to personal training, combined with wellness providers all under one roof; Core Progression is a franchise model unlike any other. They strive to deliver the best personal training at an affordable price point, so everyone can experience a healthier more fulfilling lifestyle.
Facility Memberships: When clients become members at Core Progression they understand they are signing up specifically for personal training, not an open gym. Their membership model ensures clients will stay with the studio regardless of their trainer; decreasing trainer turnover
and increasing customer retention rates.
Multiple Revenue Streams: They offer 4 different revenue streams, personal and semi-private training, group classes, retail sales, and room rentals to wellness providers including massage therapists, physical therapists and chiropractors.
Low Stress Model: Other boutique style gyms need around 1,500 customers in order to be profitable, whereas Core Progression only needs about 100 . This takes the pressure of of the franchise owner or general manager of finding hundreds of customers and allows them to be more individualized with their trainers and clients leading to an 80% customer retention rate.
One Employee Needed: The owner or general manager is the only employee needed to run a Core Progression. Outside of that, the personal trainers are independent contractors which minimizes payroll costs, workman’s comp, and health insurance.
Their initial training program consists of 25-40 hours in a classroom and 3-5 hours of on-the-job training. Owners will learn about trainer recruitment, equipment requirements and maintenance, and marketing and sales. In addition, they provide horough training on their customized CRM system that allows each owner to run all aspects of the bsuiness from a computer.
On-Going Support: Their incredibly knowledgeable and experienced support team will be readily available to coach and support the specific needs and varying situations that an individualized franchise will undergo. They assist with grand opening strategies, local marketing initiatives, host on-going weekly conference calls, and provide refresher training as needed.
Field Support: They help new owners with site selection and lease negotiations. Their Director of Real Estate and Construction will help in finding local broker and general contractors ensuring that they get new owners up and running as quickly as possible.
You have a sales or management background and are tired of the corporate grind. You are business savvy, highly motivated by achievement, and capable of leading a team.
HEALTH AND FITNESS ENTHUSIAST
You do not need a fitness background, but it is important that you have some knowledge of the industry. We train you on everything Core Progression Elite Personal Training, but it is key that you are interested in fitness and understand why it is important to so many people.
PASSION FOR CHANGING LIVES
While it is important that you are hyper focused on profitability and growing a successful business, you should also find just as much fulfillment in changing lives and empowering individuals to feel healthier and more confident about themselves.
FRIENDLY AND OUTGOING
It is vital that you are a people person and enjoy interacting with your staff and clients. You are looking to put a face to the brand and become an industry leader within your community.
Complete this form to learn about the average revenue of this franchise!