Question 1

How much does it cost to open a My Gym franchise?

Accepted Answer

The total initial investment for a My Gym franchise ranges from $241K to $426K, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the My Gym franchise fee?

Accepted Answer

The initial franchise fee for My Gym is $55K.

Question 3

What are the net worth requirements for a My Gym franchise?

Accepted Answer

Net worth requirements for My Gym are specified in the Franchise Disclosure Document.

Question 4

Does My Gym require a personal guarantee?

Accepted Answer

Yes, My Gym requires a personal guarantee from franchisees.

Question 5

What equipment and inventory costs are involved with a My Gym franchise?

Accepted Answer

Equipment costs for a My Gym franchise range from $63K to $63K. Initial inventory costs range from $3K to $5K.