Xtend Barre Franchise Agreement

Are you interested in opening your own fitness studio? If so, have you considered investing in an Xtend Barre franchise? Xtend Barre is a rapidly growing fitness concept that combines dance, Pilates, and barre exercises to create a unique and effective workout experience. Here’s what you need to know about the Xtend Barre franchise agreement.

First and foremost, the Xtend Barre franchise agreement is a legal document that outlines the rights and responsibilities of both the franchisee (you) and the franchisor (Xtend Barre). This agreement will cover everything from your initial investment to ongoing training and support.

One of the key benefits of investing in an Xtend Barre franchise is the level of support you will receive. The franchisor will provide you with comprehensive training on the Xtend Barre workout method, as well as assistance with site selection, lease negotiation, and studio design. You will also have access to ongoing support in areas such as marketing, finance, and operations.

In terms of financial investment, the initial franchise fee for an Xtend Barre franchise is $49,500. You will also need to budget for additional expenses such as equipment, leasehold improvements, and marketing. The franchisor requires that franchisees have a minimum net worth of $300,000 and liquid assets of at least $100,000.

Once you are up and running, the ongoing fees associated with an Xtend Barre franchise include a royalty fee of 7% of gross sales and a monthly marketing fee of 2% of gross sales. The franchisor may also charge additional fees for services such as training and ongoing support.

It’s important to note that the Xtend Barre franchise agreement is a legal contract, and you will be bound by its terms for the duration of your franchise agreement. This may include restrictions on how you operate your studio, what products and services you can offer, and how you market your business.

Overall, investing in an Xtend Barre franchise can be a great opportunity for entrepreneurs who are passionate about fitness and want to be part of a growing brand. However, it’s important to carefully review the franchise agreement and fully understand the financial and operational requirements before making a commitment.