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How to Buy The Little Gym Franchise

Contributor
By eHow Contributing Writer
(1 Ratings)

Opened in 1976, The Little Gym became a franchise operation in 1992. The Little Gym has franchises in most states and will be soon expanding into Canada. The Little Gym offers franchise owners on-going training programs, up to date materials and ongoing business consulting. Buy a Little Gym franchise and be a part of a supportive and growing team who shares a commitment to child development.

Difficulty: Moderately Challenging
Instructions
  1. Step 1

    Research the franchise requirements and owner support offered as outlined on The Little Gym franchise section of the website. There is also an opportunity to take a virtual tour of The Little Gym on the website.

  2. Step 2

    Submit an online request for information on The Little Gym website. You will be asked to provide your basic contact information and verify that you have a net worth of at least $150,000.

  3. Step 3

    Speak with The Little Gym staff members in several phone conversations where they will determine if you are a good fit for their team of franchise owners.

  4. Step 4

    Visit The Little Gym headquarters where you will observe classes, meet the staff and executive team and be interviewed with senior management to determine if you will be offered a franchise.

  5. Step 5

    Receive and review the Uniform Franchise Offering Circular, paying close attention to all fees and requirements.

  6. Step 6

    Sign the franchise agreement if being a franchise owner of a The Little Gym is right for you.

Tips & Warnings
  • Franchise fees include the initial franchisee fee, continuing royalty payments, advertising fees and other expenses outlined by the franchise agreement.
  • The franchise agreement will outline what type of control you, as the franchisee, have over certain decisions.
  • Before signing a franchise agreement, consult a lawyer and accountant who will help you understand the risks involved with buying a franchise.
  • Always investigate a franchisor thoroughly before signing any type of agreement with them.

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