CVP and break even analysis, business and finance homework help

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timer Asked: May 26th, 2017
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Question Description

Section 4: Go to a competitor's internet site and find information about purchasing their franchise. Summarize the pertinent information required to make an informed investment decision. Which franchise do you believe is a better business opportunity? Explain your answer.

Minimum 300 words with a reference to the gym's competitors website

Tutor Answer

Mrjohnny
School: Boston College

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Gym and physical fitness
Millions of people believe and have a perception that for one to be in good shape and
physically fit they must have a gym membership. Most gym franchises have a lot of workout
machines and weights, most people who have membership will time and again avail themselves
for the training sessions so as not to waste the already paid membership fee. When one is
thinking of setting a gym, all these external factors should be put into consideration.
Setting up a gym franchise will require around $25000-$300000 basically as startup costs
and a franchise name fee of between $10000-$30000.Some brands are usually less expensive
than others; it generally depends on the kind of services being offered in the gym. For any
individual desiring to be more competitive in his gym than others, then the initial startup cost
should be substantially high so as to obtain good workout materials and equipment.
Any gym that is highly competitive in the market should be in a very strategic position,
closer to either work or home environments so as to capture the ready market; the monthly
membership fee usually ranges between $10 and $50. However, this relatively varies between
the diff...

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Review

Anonymous
Tutor went the extra mile to help me with this essay. Citations were a bit shaky but I appreciated how well he handled APA styles and how ok he was to change them even though I didnt specify. Got a B+ which is believable and acceptable.

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