Question 1

Does My Gym franchise offer exclusive territory?

Accepted Answer

My Gym offers Exclusive territory protection to its franchisees. This means no other franchisee can open in your designated area.

Question 2

What is the My Gym franchise agreement term length?

Accepted Answer

The initial franchise agreement term for My Gym is 12 years. Franchisees may renew up to 1 time for 12-year periods. The total potential term is 24 years.

Question 3

What is the non-compete clause for My Gym franchise?

Accepted Answer

The My Gym franchise non-compete clause extends for 2 years within a 10-mile radius after termination or expiration of the franchise agreement.

Question 4

Can you transfer or sell a My Gym franchise?

Accepted Answer

Yes, My Gym allows franchise transfers, subject to franchisor approval and conditions outlined in the agreement. A transfer fee of $15,000 applies.