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General

Industry

Fitness

Category

Fitness Centers

SBA Identifier

S0848

Year of Founding

2003

Fees

Marketing Fee

$150 per month

Royalty Fee

-

Franchise Fee

$42,000-$42,000

Investment Range

$86K-$221K

Location units

Total U.S. Locations

35

U.S. Franchised Units

35

U.S. Corporate Units

0

Headquarters (City)

CT

Other

Item 19 - Franchise Financials

-

Financing Availability

-

Started Offering Franchises

2003

Issuance of FDD Data

11/17/2020

What to know about IM=X Pilates franchise?

IM=X Pilates franchises operate fitness studios that offer pilates, strength training, back exercise, personal training, cardiovascular exercise and fitness programs in private, semi-private and group settings. We offer two types of franchises. Fitness studio franchises offer IM=X Pilates, Wall Tower, Cycle/Tower, Barre, Bootcamp, Platform, Jog Board, Back Exercise, Personal Training and Yoga.Back studio franchises offer IM=X Pilates services and our proprietary back exercise protocols.

IM=X Pilates is based in Clinton, CT. Scroll down to learn more!

How Much Does a IM=X Pilates Franchise Cost?

Are you wondering how much is a IM=X Pilates franchise? Before starting a IM=X Pilates franchise, it is important to know the IM=X Pilates franchise fee ($42,000) working capital and other costs required to start the business.

The minimum investment amount required to open a IM=X Pilates franchise is $86,000 and can go all the way up to $220,745. Keep in mind, you should also allocate additional funds to live off of while the IM=X Pilates business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 IM=X Pilates franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a IM=X Pilates business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your IM=X Pilates franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Download our guide to compare IM=X Pilates. Hotels to the Cleaning and Maintenance, Outdoor Maintenance industry.

Franchise Data

Year Start of year Units Opened Units Closed Total End of Year
2016 25 4 4 25
2017 25 6 3 28
2018 28 9 3 34
2019 34 4 2 35

Additional Details

How much does a IM=X Pilates franchise owner make?

IM=X Pilates franchise earnings and revenue can vary significantly from one franchisee to another. The IM=X Pilates franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

IM=X Pilates unfortunately does not disclose financials on how much IM=X Pilates franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, IM=X Pilates does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with IM=X Pilates franchisees. Do note that IM=X Pilates is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 IM=X Pilates franchisees to understand how much money they are making from their IM=X Pilates business.

You should also speak to former IM=X Pilates franchisees to understand why they left the system. Did they sell their IM=X Pilates at a profit? Were they forced to close their IM=X Pilates franchise down because it kept losing money?

What is the IM=X Pilates Franchise Fee?

Owning a IM=X Pilates franchise requires a 6% royalty fee and a $150 per month marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship.

Keep in mind, there is also an initial IM=X Pilates franchise fee of $42,000 that is included in the initial investment amount of $86,000 to $220,745. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the IM=X Pilates franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the IM=X Pilates franchise fee of $42,000.

Visit the IM=X Pilates metrics tab to explore how the franchise, royalty and marketing fees compare to other Fitness franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was IM=X Pilates founded?

IM=X Pilates was founded 19 years ago in 2003. IM=X Pilates started offering franchises in 2003. At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many IM=X Pilates locations are in the U.S.?

As of Issuance of 2020, there were 35 IM=X Pilates locations owned and operated by franchisees across the U.S. There are also 0 corporate locations owned and operated by IM=X Pilates. Most Fitness franchises like IM=X Pilates have more franchised locations than corporate locations.

How many IM=X Pilates franchises opened over the past few years?

Over the prior 3 years we have data for, IM=X Pilates has opened 19 outlets throughout the U.S.

Visit the IM=X Pilates metrics tab to explore how the openings compare to other Fitness franchises.

How many IM=X Pilates franchises closed over the past few years?

Over the prior 3 years we have data for, IM=X Pilates has closed 8 outlets throughout the U.S.

Visit the IM=X Pilates metrics tab to explore how the closures compare to other Fitnessfranchises.

Is IM=X Pilates growing? Are they opening more locations than they are closing?

The net unit growth rate for IM=X Pilates over the past 3 years is 40%. Over the last year we have data for, IM=X Pilates had a net unit growth rate of 3%.

Without a comparison, this number doesn’t mean much. Compare how the IM=X Pilates growth rate compares to 2,000+ other franchises and Fitness franchises like IM=X Pilates. More info in the IM=X Pilates metrics tab.

Is IM=X Pilates franchise eligible for an SBA Loan?

IM=X Pilates is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

IM=X Pilates franchise was assigned the SBA Franchise ID of S0848 on 10/1/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like IM=X Pilates that are reviewed and found eligible under SBA's affiliation rules and other eligibility criteria.

Is IM=X Pilates a franchise in the United States?

According to the SBA, IM=X Pilates meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that IM=X Pilates provides you with an FDD if you are in discussion to buy a IM=X Pilates.

What is the IM=X Pilates Franchise for Sale Rate?

The IM=X Pilates systemwide health and franchisee satisfaction can be measured by the IM=X Pilates franchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

The franchise for sale rate for IM=X Pilates over the past 3 years is 14%. Over the last year we have data for, IM=X Pilates had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the IM=X Pilates franchise for sale rate compares to 2,000+ other franchises and Fitness franchises like IM=X Pilates. More info in the IM=X Pilates metrics tab.

What is the IM=X Pilates Franchise Failure Rate?

IM=X Pilates franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

IM=X Pilates failure rate over the past 3 years is 23%. Over the last year we have data for, IM=X Pilates had a franchise failure rate of 6%

Without a comparison, this number doesn’t mean much. Compare how the IM=X Pilates failure rate compares to 2,000+ other franchises and Fitness franchises like IM=X Pilates. More info in the IM=X Pilates metrics tab.

How can I find out more details on IM=X Pilates franchise?

Visit the IM=X Pilates metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today for exclusive access on this franchise opportunity!

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General

Industry

Fitness

Category

Fitness Centers

SBA Identifier

S0848

Year of Founding

2003

Fees

Marketing Fee

$150 per month

Royalty Fee

-

Franchise Fee

$42,000-$42,000

Investment Range

$86K-$221K

Location units

Total U.S. Locations

35

U.S. Franchised Units

35

U.S. Corporate Units

0

Headquarters (City)

CT

Other

Item 19 - Franchise Financials

-

Financing Availability

-

Started Offering Franchises

2003

Issuance of FDD Data

11/17/2020

Franchise Fee Midpoint

The percentage change of total franchise units from one year to the next

 

1 year

3 years

IM=X Pilates

Industry median

All franchises median

Unlock premium content

Franchise Disclosure Document

Download Latest FDD (2020)

Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

IM=X Pilates

Industry median

All franchises median

Unlock premium content

Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

IM=X Pilates

Industry median

All franchises median

Unlock premium content

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Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

IM=X Pilates

$153,373

Industry median

All franchises median

Unlock premium content

Royalty Fee

The median royalty fee from the Franchise Disclosure Document

IM=X Pilates

-

Industry median

All franchises median

Unlock premium content

Franchise Fee Midpoint

The percentage change of total franchise units from one year to the next

 

1 year

3 years

IM=X Pilates

Industry median

All franchises median

Unlock premium content

Item 19 – Financial Performance Representations

Historical financial performance representations

Unlock premium content

Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

Unlock premium content

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Business email

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State headquarters

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Key leadership

IM=X Pilates

Phone

+1 (000) 000-00-00

City

-

Zip code

-

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