The iLoveKickboxing facilities are designed so when someone first walks into one, they have two reactions. The first: “Wow, I didn’t expect THIS!” They’re surprised at how clean, nice, and beautiful the spaces are. Many people imagine kickboxing studios how they’ve seen them in 80s movies… in dingy, poorly-lit caverns where paint is missing and the floors are all torn up.
When they see one of our gorgeous, state-of-the-art facilities, they’re happily shocked. The second reaction is, “I’ve just come home.” They’re hit with a wave of encouragement, positivity, and a feeling that they really can accomplish their goals. We’ve carefully designed our facilities to both create these reactions and to make them as cost-effective and efficient as possible for franchises.
|Expenditure Type||Amount||Payment Method||When Due||To Whom Payment is to be Made|
|Initital franchise fee||$49,999||Lump sum; non-refundable||When you sign Franchise Agreement||ILKB|
|Travel & living expenses while training||$900 to $1,500||As incurred||During Training||Travel & Lodging Vendors|
|Real property||$12,000 to $30,000||As incurred||Before Opening||Landlord & Contractors|
|Equipment, fixtures, other fixed assets, leasehold, improvements & decorating costs||$18,000 to $147,500||Lump Sum||Before opening||Vendors|
|Architectural services & engineering||$3,000 to $7,500||Lump Sum||Before opening||Designated or Approved Vendors|
|Signs||$4,500 to $8,000||Lump sum||Before opening||Designated Vendors|
|Insurance||$1,200||Lump sum||Before opening||Insurance Company|
|Legal Costs||$2,500 to $4,500||As arranged||Before opening||Attorney|
|Initial inventory and supplies||$3,500 to $6,000||Not applicable||Not applicable||Designated or Approved Vendors|
|Miscellaneous opening costs||$500 to $2,000||As incurred||Immediately before, during and just after opening||Advertisers|
|Grand opening advertising expense||$2,000 to $3,500||As incurred||Immediately before, during and just after opening||Advertisers|
|Additional funds - 1st 3 months||$22,000 to $48,000||As incurred||After opening||Employees, suppliers, utilities, etc.|
|TOTAL||$120,099 to $360,898|