My Gym

Franchise agreement

You will establish and maintain at your own expense a bookkeeping, accounting, record keeping and records retention system conforming to the requirements prescribed by us from time to time

Item 11

There is no contractual limitation on our right to receive this information, and we have independent access to the information generated and stored on your Computer System.

Franchise agreement

Our current information requirements (which we may expand or otherwise change from time to time in our Business Judgment) include the monthly bank statement relating to your My Gym Business.

Item 8

We, or our designee, are approved suppliers (but not the only approved or designated supplier) for certain equipment, products, furniture, fixtures, signs, apparel, accessories and other items, including the Designated Equipment.

Item 8

In the fiscal year ended December 31, 2024, our revenue from franchisees’ required purchases and leases was $989,426 or approximately 14.9% of our total revenue of $6,646,665.

Item 8

You or the supplier will have to pay a charge not to exceed the actual cost of the inspection and the actual cost of the test.

Item 8

If you wish to buy any products (other than exercise equipment) from an unapproved supplier, you must first submit to us a written request for our approval.

Franchise agreement

In addition, you shall cease use of, and if we request shall transfer to us, all telephone numbers, customer “loyalty” lists, and any domain names, websites, e-mail addresses, and any other identifiers, whether or not authorized by us, used by you while operating your My Gym Business

Franchise agreement

We can, at any time during business hours, and without prior notice to you, inspect and/or audit the business records, bookkeeping and accounting records, sales and income tax records and returns, computer files and other records of, and/or relating in any way to, your My Gym Business and the books and records of any…

Item 14

We may periodically revise the contents of the Manuals, and you must make corresponding revisions to your copy of the Manuals and comply with each new or changed standard.

Item 11

You must acquire or lease, at your expense, a location for the Fixed Center at a site that we have approved within 3 months after signing the Franchise Agreement (the “Site Selection Period”).

Item 11

Unless you receive our prior written approval, you may not establish, or permit any other party to establish a Website relating in any manner at all to the My Gym Business or referring to the Marks.

Franchise agreement

For the 180-day period before the opening of your My Gym Business, you must spend no less than Twenty-Five Thousand Dollars ($25,000) on a pre-opening advertising/marketing program, subject to Section 11.8 below.

Item 11

Currently, each month, $200 of the Advertising Contribution must be made to the Marketing Fund, and the remaining balance must be spent by you directly on local advertising and promotion.

Franchise agreement

is located is established during the term of this Agreement, you shall become a member of such Regional Ad Fund within thirty (30) days after the date on which the Regional Ad Fund commences operation.

Franchise agreement

you must only use in your operation of, and offer at, your My Gym Business those brands, types and/or models of Designated Equipment, Products, furniture, fixtures, signs, apparel, accessories and other items as are acceptable to us and which are purchased only from suppliers designated by us

Franchise agreement

You shall establish an arrangement for electronic funds transfer or deposit of any payments required under Sections 9 or 11 of this Agreement.

Franchise agreement

Your My Gym Business will, at all times, be personally managed on a full-time basis by you (or the Managing Owner), your Center Manager, or otherwise a person who has successfully completed all training required by us and approved by us.

Item 11

You must obtain, install, and use the Computer System that we require.

Item 11

We reserve the right to download sales and other data from your computer.

Item 11

We may charge a reasonable fee for any optional training programs.

Franchise agreement

Therefore, we strongly recommend, and you agree to attend, at your expense for travel, meals and lodging but without charge by us (except for direct cost recovery of materials distributed to you), all annual conventions and each national, regional and other meeting covering your area.