Nowadays, the boutique fitness industry is experiencing a boom, and one such fine opportunity for you is to own the ISI Elite Training franchise.
According to RunRepeat, the value of the boutique industry in the year 2022 was valued at $22+ billion. By 2025 the industry is projected to reach $25+ billion.
Let’s first understand what are the requirements of the ISI Elite training franchise.
About ISI Elite Training
ISI Elite Training is a boutique fitness that was founded in the year 2013. The sessions of the ISI are led by energetic and certified coaches.
These sessions are fast-paced and allow for burning up to 1000 calories in 50 minutes of athletic-based training (ABT).
ISI Elite Training is founded by Adam Rice( Founder & CEO). It all started when Adam was rejected from playing for NCAA Division 1 baseball due to being overweight. But he wanted to prove his coach wrong, and in just 1 night, he loosed 70 pounds.
And then, years passed by, and Adam decided to help others to become their best and not give up. This resulted in the birth of ISI Elite training.
Adam says,
“ISI stands for Iron Sharpens Iron and is the core of who we are as a brand. Success and progress are typically rooted in being around like-minded people who will hold us accountable and make us better. Additionally, there is no progress without friction, and you can not sharpen iron without friction.”
The Entrepreneur magazine recently named ISI® Elite Training to their prestigious annual “Franchise 500” list of the Top New & Emerging Franchise opportunities.
The ISI Elite training provides:
- Training sessions for men & women for 50 minutes.
- Athletic-based training for all fitness levels.
ISI Elite Training Franchise Model
The franchise model of ISI Elite training is as follows:
| Franchise Option | Yes |
| Financing Since | 2019 |
| Total Investment | $327,400-$687,000 |
| Franchise Fee | $60,000 |
| Royalty | 7% |
| Brand Marketing Fees | 2% of gross sales |
| Liquidity | $200,000 |
| Credit Score | 680+ |
| Net Worth | $300,000 |
ISI Elite Training Franchise Requirements
To own an ISI Elite training franchise, you’ll need to have a total investment of $327,400-$687,000. ISI Elite Training franchise is based on a fixed-cost model.
The facility also requires a small footprint, typically between 2,400-3,200sq. ft. providing ease in finding real estate.
Amanda Hall, the COO of the company, says-
“The business model benefits from fixed ongoing costs. As you grow, the model remains very simple, and it’s very easy to create layers of leadership within your business to help you scale effectively. The more facilities you open, the more lives you get to impact, and that’s the core of what this business is all about.”
To dive deeper into understanding the cost and other expenses of the franchise, here is a table stating every cost associated with the franchise:
| Equipment, Furniture, and Fixtures | $60,000 | $60,000 | Lump sum | At the signing of the Franchise Agreement. | Franchisor See Item 5 |
| A/V Equipment | $20,200 | $30,000 | As incurred | At Franchisor Training. | Approved Supplier(s) |
| Facility Personnel Compensation: Pre-Opening | $55,700 | $81,000 | As incurred | Before Opening. | Approved Supplier(s) |
| Real Estate | $6,800 | $20,500 | As incurred | Before Opening. | Third-Party Landlord |
| Real Estate and Construction Management | $15,000 | $15,000 | Lump sum | At signing of the Franchise Agreement | Affiliate |
| Leasehold Improvements | $68,500 | $256,500 | As incurred | Before Opening. | Third-Party Providers |
| Utilities | $1,000 | $3,000 | As incurred | Before Opening. | Third-Party Utility Providers |
| Signage | $13,000 | $22,500 | Lump sum | Before Opening. | Approved Suppliers |
| Start-Up Inventory and Uniforms | $2,200 | $4,000 | Lump sum | Before Opening. | Affiliate and Approved Supplier(s) |
| Grand Opening Marketing | $5,000 | $20,000 | Upon securing your location | One month prior to the Business being open for operation and one month after the Business is open for operation. | Approved Supplier(s) or other Third-Party Suppliers |
| Travel, Lodging, and Meals for Initial Training Program | $20,000 | $20,000 | As incurred | As incurred | Personnel of your franchised Facility. |
| Insurance | $2,750 | $4,500 | Lump sum | As arranged | Third-Party Provider |
| At the signing of the Franchise Agreement. | $0 | $3,000 | As incurred | As arranged | Various Third-Party Providers of Travel, Lodging and Meals |
| Training Fee | $3,000 | $3,000 | Lump sum | Prior to attending our Initial Training Program | Us |
| Technology Fee (From signing the Franchise Agreement through the third month of operation) | $6,750 | $9,000 | As incurred | At signing of the Franchise Agreement. | Us |
| Business Licenses, Permits, Certifications, Soft Construction Costs, and other Professional Fees | $12,500 | $20,000 | As incurred | Prior to opening and/or Development (as appropriate) | Appropriate Government and/or Comparable Authorities |
| Additional Funds (3 months) | $40,000 | $50,000 | As incurred | As arranged | Various parties, including us (Tech Fees), other Approved Suppliers, LL, Facility personnel, other suppliers, etc. |
ISI Elite Training Franchise Profit & Revenue
The company disclosed its franchisee’s profit and revenue for the years 2021 and 2022.
- 2020 Annual Gross Revenue: $357,025
- 2021 Annual Gross Revenue: $495,876
The major advantage of owning the ISI Elite training franchise is its membership model, which helps you to earn recurring revenue.
The more members you have, the high will the profit earned. ISI Elite training has a proprietor pre-sale process, which helps you to spread awareness about your business in the community and acquire your first members.
Under this program, 12 weeks prior to opening your franchise, you’ll host free workout programs in gathering spots like parks. This will help you build awareness, and you are also allowed to offer discounts to your customers.
“There’s not a lot of businesses out there that can offer a recurring revenue stream on day one,” says Amanda Hall, COO. “The pre-sale process is a 12-week program that we’ve built for you to execute, and it not only helps you recruit members, but it also allows you to open with recurring revenue.”
ISI Elite Training Franchise- Financial Assistance
The franchisor brand doesn’t provide any financial assistance to the franchisee.
However, they do have relationships with 3rd party lenders who can help you secure the necessary funds to open the franchise.
ISI Elite Training Franchise- Training & Support
One of the main reasons to own an ISI Elite training franchise is because of their training and support.
Following are the support and training that will be provided by the ISI Elite training:
- Real Estate- Sight Selection & Buildout
- In-Person Training
- How to market
- Operation Support
- Branding & Advertising
- Social Media Management
- Project Management and
- Technological Support
ISI Elite Training Franchise- Terms & Agreements
The company has a certain eligibility for the franchise opportunity.
Franchisee owners are not required to have prior experience in the fitness industry, as each owner will get extensive training. However, the individual must be a person who wants to make an impact on people and actively manage the business.
ISI Elite Training Franchise- Obligations & Restrictions
To get the training from the franchisor, you’ll have to visit the headquarters in Charlotte, North Carolina, where the training will be provided regarding the business model, including how to hire the right people, how to grow a membership base, how to retain members and other essential things.
Conclusion
ISI Elite training franchise is the best option if you are looking for a franchise that has a membership-based business model.
However, before investing in the franchise, you must review all the requirements of the franchise, including initial investment, franchise fee, and royalty.
FAQs
Who Is The Owner Of ISI Elite training?
The founder of the ISI Elite training is Adam Rice. He opened his first facility in 2011 in Myrtle Beach, South Carolina.
What Is The Franchise Fees?
Franchise fees for the ISI Elite training franchise are $60,000 for 1 territory, for 2 territories, it is $100,000, and for 3 territories, it is $135,000.
Why To Choose ISI Elite Training Franchise?
Franchising since 2019 after proving the concept for several years, ISI® has grown swiftly to 70 territories open or in development – and there are no signs of slowing down.