On the Way to Ownership: Exploring Our 8-Step Discovery Process

On the Way to Ownership: Exploring Our 8-Step Discovery Process

Becoming an owner of The Little Gym is a big decision with an even bigger reward. We take great pride in our franchisees and do everything we can to make the journey toward ownership as smooth and seamless as possible. Here are the eight steps all of our future franchisees take before they can call themselves owners:

Goals, Overview, and Your Decision Criteria

In a brief 45-minute call, you’ll meet with one of our dedicated franchise experts and discuss how you heard about The Little Gym, what you hope to achieve by owning a gym, how you hope to impact your community, and more. You’ll get all those preliminary questions you’ve been curious about and get to meet the individuals that will help guide you through the ownership process.

Brand Review

Continuing with your expert, they’ll walk you through an in-depth presentation about The Little Gym’s vision, objectives, and unique value proposition we offer to franchisees. With open and clear dialogue, we’ll make sure that you are getting a clear image of the brand to help determine if the decision to continue with franchise ownership is the right decision for you.

Requestion for Consideration

By completing a confidential and non-binding application for consideration, you are letting us know that you are serious about our franchise opportunity and want to continue the journey towards ownership officially.

Introduction to Funding & Territory Analysis

The Little Gym has relationships with small-business lenders and will help you understand how to secure funding for your business. There are a few options available to you, and we will make sure you understand each of them. If anything seems confusing, we’re still with you at each step.

Business Review of FDD

The Federal Trade Commission requires a Franchise Disclosure Document (FDD) for franchises like The Little Gym, which we make sure is thoroughly reviewed with our franchise candidates. This will include our company background, our management team, a breakdown of the investment, and more.. We want to make sure you’re getting the full picture and have a complete understanding of The Little Gym and the responsibilities and obligations that come with owning a gym to ensure that this is the right fit for you.

Attend Launch Day Event

All our future franchisees join us at our Home Office in Bedford, TX where you’ll meet our entire team and confirm your decision of becoming a The Little Gym owner. You’ll be fully immersed in The Little Gym culture while you learn about the people that make up our brand and will continue to assist you. And, don’t forget your socks because all attendees will visit a location and participate in a class during our time together. Talk about some Serious Fun!

Final Franchisee Review & Financial Validation

After you have attended Launch Day and received an award letter, you’ll have the opportunity to speak with franchise owners and other members of The Little Gym family for your final due diligence. We’ll also discuss the last steps and schedule the signing.

Sign Franchise Agreement

We hope by this point, you’ve practiced your signature and are ready to sign on the dotted line. Congratulations! The Discovery Process is complete, and you are on your way to opening your The Little Gym location. Once the Franchise Agreement is signed and the initial fees are paid, you will move into the onboarding process and it’s off to the races.

From start to finish, we promise to make your journey to becoming a franchise owner clear, informative and enjoyable! Get started on the process today by contacting us.

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