- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$151K - $349K
- Units as of 2019
-
70 59.1% over 3 years
Company Overview
About The Max Challenge
Industry | Personal-Care Businesses |
---|---|
Related Categories | Fitness |
Founded | 2011 |
Parent Company | The Max Challenge Franchise |
Leadership | Bryan Klein, Founder and CEO |
Corporate Address |
1030 A Campus Dr. W. Morganville, NJ 07751 |
Social | Facebook, Twitter |
Business Overview
Franchising Since | 2013 (11 years) |
---|---|
# of employees at HQ | 13 |
Where seeking |
This company is offering new franchises in the following US states: This company is offering new franchises in the following international regions: |
# of Units | 70 (as of 2019) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a The Max Challenge franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$40,000 |
---|---|
Initial Investment
|
$150,800 - $349,250 |
Net Worth Requirement
|
$300,000 - $600,000 |
Cash Requirement
|
$55,000 |
Veteran Incentives
|
$5,000 off franchise fee |
Royalty Fee
|
6% |
Ad Royalty Fee
|
2% |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | The Max Challenge has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 5 hours |
---|---|
Classroom Training | 75 hours |
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | Yes |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
# of employees required to run | 3-6 |
Are exclusive territories available?
|
Yes |
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