Gym Skills franchise
2023 filing · May 23, 2023Growing
Gym Skills at a glance
A kids' gym offering gymnastics, tumbling and ninja classes, camps and birthday parties. At the end of 2022 there were 3 Gym Skills locations in the US, 1 franchised and 2 company-owned, so most are run by the company itself.
The business
- Franchisor
- Gym Skills Franchising, LLC
- The company that sells the franchises
- Franchisor based in
- Gahanna, Ohio
- Typical size
- About 6,500 sq ft
What you pay
- Cost to open
- $188K–$296K
- A brick-and-mortar gym
- Franchise fee
- $37,500
- Paid once, when you sign
- Royalty
- 7%
- 7% of gross revenues with a $250 weekly minimum, paid weekly; a brand fund of up to 1% may be added
- Brand fund
- None now
- Not charged at present (0%); up to 1% of gross revenue
- Renewal fee
- See terms
- 25% of the then-current franchise fee
- Franchisor financing
- None offered
Where it is
- US locations, 2022
- 3
- Franchised and company-owned
- Franchised
- 1
- Company-owned
- 2
- Change in 3 years
- +1
- Franchised locations, 2020–2022
- States
- 1
- Most in Ohio
From Gym Skills Franchising, LLC’s 2023 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Gym Skills among all franchises with the same figure.
| Figure | Gym Skills | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $241,575 | Costs less than 63% of franchises |
| Franchise feePaid once, when you sign | $37,500 | Lower than 59% of franchises |
| RoyaltyShare of sales paid to the franchisor | 7% | Higher than 70% of brands with a set rate |
| US locationsFranchised and company-owned | 3 | Fewer than 78% of franchises |
How much a Gym Skills franchise costs
Opening a brick-and-mortar gym costs an estimated $187,650 to $295,500. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are buildout of gym and tenant improvements ($55,000 to $100,000) and equipment ($50,000 to $75,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $37,500 | ||
| Travel and Living Expenses While Training | $1,000 | $5,000 | |
| Real Estate Rent Deposits and Pre-Paid Expenses | $4,000 | $12,000 | |
| Furniture, Fixtures, and Décor | $3,000 | $8,000 | |
| Equipment | $50,000 | $75,000 | |
| Retail & Apparel | $2,000 | $4,000 | |
| Printing | $1,000 | $3,000 | |
| Business Licenses and Certifications | $1,000 | $2,000 | |
| Permits and Fees | $1,000 | $3,000 | |
| Grand Opening Advertising | $2,000 | $7,500 | |
| Technology Fees (Computer and POS System, iPads, Security systems, etc.) | $2,000 | $4,500 | |
| Insurance (3 months) | $650 | $3,000 | |
| Buildout of Gym and Tenant Improvements | $55,000 | $100,000 | |
| Signage | $1,500 | $4,000 | |
| Accountant and Attorney Fees | $1,000 | $3,000 | |
| Additional Funds (3 Months) | $25,000 | ||
| Total | $187,650 | $295,500 | |
Source: Gym Skills Franchising, LLC, 2023 filing, page 15
Gym Skills franchise fee
The franchise fee is $37,500. You pay it when you sign the franchise agreement.
Source: Gym Skills Franchising, LLC, 2023 filing, page 10
Royalty and ongoing fees
| Royalty | 7% of gross revenues with a $250 weekly minimum, paid weekly; a brand fund of up to 1% may be added. |
|---|---|
| Brand or marketing fund | Not charged at present (0%); up to 1% of gross revenue. |
| Technology Fee | $99 |
| Renewal Fee | 25% of the then-current franchise fee |
| Local Marketing Requirement | 1% of Gross Revenues |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Gym Skills Franchising, LLC, 2023 filing, page 11
Other fees as filed, from pages 11–12. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures Gym Skills does not share sales or profit figures for its locations. Talking to current and former franchise owners is the usual way to learn what a location earns.
Source: Gym Skills Franchising, LLC, 2023 filing, page 43
How Gym Skills compares
Of the 120 sports franchises on this site, Gym Skills is the 54th cheapest to open and the 85th largest by number of locations.
| Figure | Gym Skills | Typical sports brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $188K | $227K | $222K |
| Cost to open, high end | $296K | $442K | $477K |
| Franchise fee | $38K | $50K | $40K |
| Royalty | 7% | 7% | 6% |
| US locations | 3 | 15 | 21 |
| Shares earnings figures | No | 77 of 120 | 2,147 of 3,352 |
Typical is the median across the 120 brands in sports franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2020 | 0 (0) | 2 | 0 | 0 |
| 2021 | 0 (0) | 2 | 0 | 0 |
| 2022 | 1 (+1) | 2 | +1 | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: fitness franchise costs and franchise failure rates.
Source: Gym Skills Franchising, LLC, 2023 filing, page 44
Where Gym Skills locations are
At the end of 2022, Gym Skills had franchised locations in 1 state. The most are in Ohio.
- Ohio1
| State | Franchised |
|---|---|
| Ohio | 1 |
Source: Gym Skills Franchising, LLC, 2023 filing, page 44
Who owns Gym Skills?
Gym Skills franchises are sold by Gym Skills Franchising, LLC.
From Gym Skills Franchising, LLC’s 2023 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Gym Skills Franchising, LLC, 2023 filing, litigation on page 10, bankruptcy on page 10
Gym Skills filings
The figures on this page come from Gym Skills Franchising, LLC’s 2023 filing, issued May 23, 2023, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2023 filing | May 23, 2023 | NASAA depository | Costs, fees and locations, 2020–2022 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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