Multi-Unit Franchisee Magazine Special Edition | Page 31

R E TA I L & S E R V I C E S Qualifications Multi-unit franchise investors should have $750K minimum combined liquid assets, $3M minimum in combined worth, and 3+ years of management and/or hands-on experience in a service business concept. Singleunit franchise investors should have $500K minimum combined liquid assets, a $1.5M minimum combined net worth and 3+ years of experience. No prior fitness industry experience is necessary. Opportunity Description Blink Fitness is offering a ground floor partnership opportunity for franchise operators.  A clear leader of the premium value fitness segment, Blink has unprecedented leadership, support, and business tools available to developers and has opened more than 40 units In 5 years with tremendous success and member satisfaction.  *Blink is currently offering reduced royalties and fees to multi-unit investors in the formative years of their development to accelerate growth. Site Location Assistance Real estate and site selection expertise come from the Blink Development team, which is led by professionals with decades of luxury retail experience who understand our site requirements. The Development team networks with brokers to source the best real estate. FAST FRANCHISE FACTS Rankings Franchising Since: 2015 Smart CEO Future 50 Award, Member of IHRSA Multi-Unit Franchisee Operating Units: 0 Demographics: Total Franchise Operating Units: 0 Blink is looking for trade areas with a population density of approximately 100,000 within a 3-5 mile radius and a median HHI of $55K-$85K. Company Operating Units: 41 Capital Investment: $1M-1.7M Franchise Fee (per unit): $25,000 Royalty Fee (per unit): 5%* CONTACT Advertising Fee (per unit): 2% Ed Yancey|Vice President / Director of Franchise Development 212.359.8780 [email protected] blinkfranchising.com Earnings Claims: Yes Build-Out Options: In-line, free-standing, malls. Available Territories: Availability in all states. MUBG16_listing_pages27-59_4.indd 29 MULTI-UNIT BUYER’S GUIDE 2016  29 4/7/16 4:58 PM