Franchise

Owning your own business can be a big decision, both for your time and for your pocket book. We want to make sure that you have considered some of the most typical scenarios and expenses before you get started.

WHAT TO CONSIDER:

A.Space – Leasing space can be a hurdle for a business owner. Please remember these things while you are considering your options
a. Pricing on space can range from $4.00 per foot to $30.00 per foot based on many factors from your target market

B. Tenant Improvements (TI) – What will the cost of building the interior and exterior of your facility cost and who will pay for that? Often, building owners will give you a TI allowance to help make this happen but just as often they will not. We will help you negotiate those waters.
a. When negotiating your lease we will help you find the best option for you based on your financing and available options, but often you can get a TI allowance from the Landlord for anywhere from $5.00 per square foot to $25.00 per square foot depending on the current construction or term of lease

C.Equipment – The equipment that you choose will help define what you facility is best suited for and will drive specific revenue streams. BR has teamed up with equipment vendors to get you a great price for your equipment and help you find the equipment best suited for your goal.
a. Equipment can cost anywhere from $50,000.00 to $300,000.00 to fill up a BR. We will help you decide how to best invest in your future.

D.Business Structure – If you have never owned a business before deciding the organizational type can be intimidating. It doesn’t need to be and there are resources available to help make this process painless.
a. The federal government makes it relatively easy to get into business, as do most states, but we recommend that you use a local account or tax attorney to avoid making mistakes that can cost you in the long run

E.Financing – Have you considered how you expect to pay for your facility? BR has team up with a fantastic finance company to help you get the money necessary to be successful.
a. There are many finance options for you to consider, from an SBA loan, bank loan, equipment financing and more. We want to help you get into business but also understand what options are best for you.

F.Total Cost – Opening a BR can cost you from $50,000.00 to $500,000 and far beyond. We want you to make money and enjoy the process of being in business and sometimes our dreams do not align with reality. The BR team will help you adjust your choices based on your finances, your market and your goals, so that you can achieve just what you want.

G.Offering – Body Renew offers our Licensees everything from a small Personal Training Suite environment to a full Health Club including Tanning, Personal Training, Group Exercise and Boot Camps. Decide what services and equipment will best help you and your members be successful.