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(516) 882 - 7182
1844 Lansdowne Ave, Merrick, NY, 11566
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 | $2,000 to $8,000 | Lump Sum | As incurred | Travel & Lodging Vendors |
| Real property | $12,000 to $34,000 | Lump Sum | As incurred | Landlord & Contractors |
| Equipment, fixtures, other fixed assets, leasehold, improvements & decorating costs | $80,000 to $250,000 | As agreed | As incurred | Vendors |
| Architectural services, construction evaluation fee & engineering | $3,750 to $10,000 | As agreed | As incurred | Designated or Approved Vendors |
| Signage | $4,500 to $10,000 | As agreed | As incurred | Designated vendor |
| Insurance | $1,200 to $5,000 | As agreed | As incurred | Insurance company |
| Legal Costs | $2,500 to $5,500 | As agreed | As incurred | Attorney |
| Initial inventory and supplies | $5,000 to $14,000 | As agreed | As incurred | Designated or Approved Vendors |
| Miscellaneous opening costs | $5,000 to $8,000 | As incurred | Immediately before, during and just after opening | Advertisers |
| Pre-Sale and Grand opening advertising expense | $10,000 to $35,000 | As incurred | Immediately before, during and just after opening | Advertisers |
| Heart Rate Monitor Initial Setup Fee | $995 | As agreed | As incurred | Designated supplier |
| Heart Rate Monitor Device | $1,000 to $4,000 | As agreed | As incurred | Designated supplier |
| Additional funds - 1st 3 months | $37,000 to $125,000 | As incurred | After opening | Employees, suppliers, utilities, etc. |
| TOTAL | $214,944 to $559,494 |