About My Gym - Initial Franchise Filings for IL and Franchise
My Gym is a children's fitness center franchise that operates under the brand names My Gym and My Gym Children's Fitness Center.
Franchisees establish and operate Fixed Centers in retail locations such as strip shopping centers and malls, typically occupying 2,000 to 3,000 square feet.
The business emphasizes children's physical education by teaching pre-gymnastics, tumbling, fine and gross motor skills, sports skills, group interactive activities including games and relays, and stretching in a bright and cheery atmosphere.
My Gym - Initial Franchise Filings for IL and Franchise Cost & Fees
Minimum Investment
$241K
Average Investment
$333K
Maximum Investment
$426K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $55,000 | One-time payment upon signing |
| Royalty Fee | 7% of Gross Volume of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | Up to 1% of Gross Volume | National brand fund |
| Total Investment Range | $240,800 – $425,600 | Includes build-out, inventory, working capital |
The investment range of $241K–$426K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (7% of Gross Volume) and marketing fee (Up to 1% of Gross Volume) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee | $55,000 | $55,000 |
| Apparel and Promotional Items | $7,600 | $7,600 |
| Advertising and Promotion | $25,000 | $25,000 |
| Travel and Living Expenses While Training | $0 | $5,500 |
| Real Estate and Improvements | $50,000 | $150,000 |
| Equipment | $63,000 | $63,000 |
| My Gym Vehicle | $0 | $40,000 |
| Signs | $1,700 | $4,500 |
| Opening Inventory | $3,000 | $5,000 |
| Insurance | $2,000 | $7,000 |
| Computer Hardware and Software | $4,500 | $5,500 |
| Miscellaneous Costs | $4,000 | $7,500 |
| Additional Funds (Three Months) | $25,000 | $50,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $15,000 |
| Technology Fee | $320/month (MGM 3.0 Enterprise Software) |
| Audit Fee | Costs of audit ($2,000 to $10,000 range) |
| Marketing Fund | Up to 1% of Gross Volume |
| Regional Ad Fund | Not presently charged |
| Music Licensing Fee | $700 per year |
| Minimum Purchase Requirements | Fixed Center: $8,000/year; Mobile Business: $4,000/year |
| Late Fees and Interest on Overdue Payments | $25 late fee plus 18% per annum interest |
| Additional Assistance and Guidance | $250/person per day plus expenses |
| Optional Training | $1,000 per person |
| Supplier Testing | Actual costs |
| Securities Offering Fee | $5,000 or actual expenses, whichever is greater |
| Relocation Fee | $2,500 |
| Indemnification | Will vary under circumstances |
| Costs and Attorneys' Fees | Will vary under circumstances |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | Approximately 26 days total (7 days pre-formal + 19 days formal) |
| Classroom Training | 79.5 hours |
| On-the-Job Training | 77 hours |
| Training Location | California (mainly at Encino, Pasadena, Toluca Lake and Valencia My Gym Business locations, or via online video communications platform such as Zoom) |
| Additional Training | Optional additional training programs offered from time to time; mandatory attendance at additional/refresher training at franchisor-specified locations; web-based employee training may be required in the future |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Protected |
| Exclusive Territory | Yes |
| Territory Size | Circle with radius of 1-7 miles, containing minimum of 7,500 children age 13 or younger |
| Description | Territory is typically a circle with its center at the front door of the Fixed Center. During the term, the franchisor will not operate or license a third party to operate a Fixed Center or Mobile Business inside the Territory, provided the franchisee is not in default. The franchisor retains rights to use marks outside the Territory, acquire businesses, and sell products through alternative channels including Internet. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 12 years |
| Renewal Term | 12 years |
| Renewal Conditions | Compliance with all agreements, satisfaction of monetary obligations, upgrade, sign new Franchise Agreement that may contain materially different terms and conditions |
| Transfer Fee | $15,000 |
| Transfer Conditions | Franchisor has right to approve transfers; release required, payment of transfer fee, and others; franchisor has right of first refusal |
| Termination for Cause | Default under Franchise Agreement, bankruptcy, abandonment, and other grounds |
| Non-Compete Period | 24 months |
| Non-Compete Details | 24-month prohibition after termination or expiration on engaging in any similar business within 10 miles of the Territory and within 10 miles of any other My Gym Business operating under the System (subject to state law) |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | No |
| Participation Details | The Franchise Agreement does not require the franchisee or Managing Owner to participate personally in the direct operation of the My Gym Business, although active participation is encouraged and recommended. The business must be under the active full-time management of a trained Center Manager approved by the franchisor. |
| Required Suppliers | Franchisor is approved supplier for Designated Equipment (physical fitness equipment, computers, software, cash registers, front desk, diaper table) and sole approved supplier for MGM 3.0 enterprise software. All exercise equipment and other products must be purchased from approved suppliers. |
| Supply Restrictions | Minimum annual purchase of $8,000 from franchisor or affiliates required. Must purchase all fixtures, furnishings, equipment, decor, and signs as specified. Cannot use unapproved suppliers without prior written approval. |
| Franchisor Revenue from Suppliers | $989,426 (approximately 14.9% of total revenue of $6,646,665) in fiscal year ended December 31, 2024 |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | We do not offer direct or indirect financing and do not guarantee your notes, leases or other obligations. |
My Gym - Initial Franchise Filings for IL and Franchise Earnings — Item 19
My Gym - Initial Franchise Filings for IL and does not make an Item 19 financial performance representation in their FDD. This means they do not disclose revenue, profit, or earnings data for franchised locations. Before investing, ask the franchisor directly for franchisee contact information so you can speak with existing owners about their actual financial performance.
My Gym - Initial Franchise Filings for IL and does not include an Item 19 financial performance representation in their FDD. Contact information for current and former franchisees is listed in Item 20 of the FDD.
My Gym - Initial Franchise Filings for IL and Litigation & Risk Flags
Clean Litigation RecordMy Gym - Initial Franchise Filings for IL and has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
My Gym - Initial Franchise Filings for IL and System Growth
Total Units
166
Franchised
162
Company-Owned
4
My Gym - Initial Franchise Filings for IL and currently operates 162 franchised locations and 4 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2022 | 5 | 5 | 164 |
| 2023 | 1 | 3 | 162 |
| 2024 | 6 | 6 | 162 |
Transfers: 5 | Closures: 6
State Registrations
Registered in 23 states: CA, CT, FL, HI, IL, IN, KY, MD, MA, MI, MN, NE, NH, NY, NC, OR, PA, RI, SC, TX, UT, VA, WA
My Gym - Initial Franchise Filings for IL and Franchise — FAQ
The total investment to open a My Gym - Initial Franchise Filings for IL and franchise ranges from $240,800 to $425,600, per their Franchise Disclosure Document. This includes the initial franchise fee of $55,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
My Gym - Initial Franchise Filings for IL and charges a royalty fee of 7% of Gross Volume of gross sales, plus a Up to 1% of Gross Volume contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the My Gym - Initial Franchise Filings for IL and Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from My Gym - Initial Franchise Filings for IL and to ensure you have the most up-to-date version.
My Gym - Initial Franchise Filings for IL and does not provide an Item 19 financial performance representation in their FDD, which means they do not disclose franchisee revenue or earnings data. Prospective investors should contact existing franchisees directly (listed in Item 20 of the FDD) to gather real-world financial performance information.
My Gym - Initial Franchise Filings for IL and has been franchising since 1995. The FDD shows an investment range of $240,800-$425,600, a 7% of Gross Volume royalty, and no Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $55,000 and the total investment ranges from $240,800 to $425,600 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from My Gym - Initial Franchise Filings for IL and and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with My Gym - Initial Franchise Filings for IL and or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com