Do you want to open a dance studio business by buying Jazzercise franchise? If YES, here is how much it cost to open a Jazzercise Studio franchise successfully. If you are looking towards opening a Jazzercise Studio Franchise, it will be nice for you to have a of what the company represents before enquiring about the total cost of opening the franchise in your location.
Jazzercise Studio Franchising Inc. started operations in 1979 and they began selling franchise in 1982. They have their corporate headquarters at 2460 Impala Dr. Carlsbad, CA 92010, USA and presently they have an estimated 8,935 franchise units in operation.
The franchisor is Jazzercise, Inc. The franchisor conducts a dance fitness program and licenses instructors to do so as well. The program’s aim is to promote total fitness through dance. Instructors lead classes through dance routines that are choreographed to popular tunes. Instructors learn these dance routines from videos streamed on the Jazzercise Routines Database.
ln addition, the franchisor operates a division called “Jazzercise Apparel” that distributes products such as clothing, accessories, equipment and visual recordings bearing the “Jazzercise” name and any other names the franchisor develops.
Some instructors are class owners and sign a Franchise Agreement specific to class owners. Other instructors are associate instructors who only teach classes for other franchisees. Some instructors are licensed to conduct a dance fitness program consisting solely of less strenuous or low impact and children’s formats.
Some instructors are licensed to conduct a dance fitness program limited to children’s programs. There are also business owner franchisees who offer Jazzercise dance fitness classes but do not teach the classes themselves.
Financial Investment Required to Open a Jazzercise Studio
Jazzercise has a franchise fee of up to $1,250, with total initial investment range of $3,700 to $32,750. Here are areas where you are expected to spend money and the cost associated with it;
- Initial Franchise Fee – $1,250 – $1,250
- Associate Fee – $0 – $120
- Insurance – $175 – $275
- Equipment – $550 – $700
- Music – $30 – $55
- Miscellaneous Opening Costs – $400 – $650
- Additional Funds – 3 Months – $0 – $150
ESTIMATED TOTAL – $2,405 – $3,200
Initial Investment for a Class Owner or Business Franchise
- Initial Franchise Fee – $1,250 – $1,250
- Insurance – $175 – $275
- Equipment – $1,775 – $4,425
- Music – $30 – $55
- Marketing and Advertising – $0 – $2,000
- Security Deposits – $0 – $2,500
- Miscellaneous Opening Costs – $400 – $650
- Additional Funds – 3 Months – $110 – $6,000
ESTIMATED TOTAL – $3,740 – $17,155
- Continuing Fee – 20% of gross customer enrollment (10% for certain programs). Class owner franchise minimum currently $250 per month; business franchise minimum is $500 per month.
- Associate Fee – Up to $300; currently $120 per year if paid in one lump sum or $12 per month if paid monthly.
- Performance Royalties – Varies, depending on organization and number of customers.
- Returning Franchise Fee – $250
- Re-certification Fee – $625
- Customer Reimbursement Fee – Payment of the franchisor’s costs.
- Indemnification – Payment of the franchisor’s losses and costs.
- Late Fee – $50, but $10 for certain fees that are paid monthly.
- Attorney’s Fees – Reasonable attorney’s fees and costs.
- Advertising Contribution – To be determined.
- Insurance Payment – $175 to $275
If you are Satisfied with the Cost; Here is how you can go about opening a Jazzercise Studio franchise
Steps on How to Open a Jazzercise Studio
1. Ensure You Have Adequate Capitalization
In order to open a Jazzercise Studio, you must have a net worth of more than $500,000.
2. Estimate the Investment Required for a Jazzercise Franchise
You will need to consider real estate costs, the cost of equipment and signs, the cost of licenses and permits, the cost of uniforms, the cost of insurance, etc.
3. Evaluate Your Prior Experience and Strengths
You should thoroughly evaluate your prior business experience before applying to become a Jazzercise Studio franchise owner.
4. Assess Market Availability
You will want to look at the market availability for Jazzercise Studio franchises and see if there are available markets in your location of interest before proceeding with the franchising application.
5. Submit Your Application
Your application will be reviewed by the Jazzercise Studio franchise team. You will be emailed a confirmation receipt upon reception of your online application, where you will additionally be provided the contact details of the franchise owner.
6. Receive Approval & Opening Your Jazzercise Studio Franchise
You will receive franchise approval once your financial and background checks are completed. Approval will only be given to candidates who meet all the requirements of franchise owners.