Thriving with NEIGHBORHOOD Barre: Your Questions Answered

CONSIDERING STARTING A NEW LOCATION?

HERE ARE SOME QUESTIONS, ANSWERED!

What are my options to secure funding?

Securing funding for your Nb franchise is an exciting step! You have options:

• Personal savings or investments: Tap into your own resources to jumpstart your journey.

• Small Business Administration (SBA) loans: Explore government-backed loan programs with favorable terms.

• Franchise financing: Leverage resources specifically designed for franchise ownership.

• Private investors: Connect with individuals, friends, and/or family who believe in your market. vision and the Nb brand.

Do I need to be an instructor to buy an Nb franchise?

No Prior Barre Experience? No Problem! While passion for fitness is encouraged, prior barre experience isn’t required. Nb prioritizes your entrepreneurial spirit, leadership qualities, and dedication to building a community. They provide comprehensive training to equip you with the knowledge and tools you need to excel.

Is barre a fad?

Beyond the Fad: Barre Has An Enduring Appeal

Barre isn’t just a trend; it’s a powerful fitness method with proven results. The low-impact, high-intensity workouts sculpt, strengthen, and boost confidence, attracting a diverse and loyal clientele. Nb’s focus on community and inclusivity further solidifies its staying power.

What’s my “why,” now!?

Finding Your “Why” with Nb:

Owning an Nb franchise isn’t just about business; it’s about empowering individuals and fostering a supportive community. Tap into your intrinsic motivation: Do you see yourself inspiring others, building relationships, and making a positive impact? That’s the Nb spirit!

How do I ensure my success as a business owner?

Success Starts with Support:

Nb Franchisees are never alone. You’ll receive extensive training, ongoing coaching, and marketing resources. From pre-opening guidance to operational support, our team is dedicated to your success.

Embrace the Collaborative Spirit:

Training encompasses all aspects of running your studio, including choreography and music selection. However, collaboration is key! Share your input, participate in workshops, and leverage Nb’s network of experienced franchisees for inspiration and best practices.

Ready to Dive Deeper?

Access our Franchise Info Pack and connect with our team. They’ll answer your questions in detail and help you discover if the Nb journey is right for you! Remember, owning an Nb franchise is more than a business; it’s a chance to turn your passion into a purpose and empower others to live their best lives. Our corporate team and in-house growth and strategy expert is a collaboration of seasoned professionals who pride themselves on providing the most support of any other franchise of its type in the industry. When you’re ready, let’s connect and talk about your goals, market opportunities, questions and next steps!

How will I be supported as an Nb franchisee?

Support for Your Success as a Franchise Owner:

Building a successful business takes dedication and the right support. Here’s how Nb empowers you:

• Comprehensive Training: You’ll receive industry-leading training covering everything from studio operations and marketing to fitness fundamentals and Nb’s unique methodology. This equips you with the knowledge and confidence to lead your team and deliver exceptional client experiences.

• Ongoing Coaching & Support: We lock arms with you and support your growth every step of the way! Nb provides dedicated franchise business coaches who offer ongoing guidance, mentorship, and problem-solving assistance. They’re invested in your success and readily available to support you along the way.

• Proven Business Model: Benefit from the power of an established and successful brand. Nb’s proven business model, operational systems, and marketing resources significantly increase your chances of success compared to starting from scratch.

• Community & Collaboration: Join a network of supportive fellow franchisees. Share best practices, learn from each other’s experiences, and cultivate a sense of belonging within the Nb community. This network serves as a valuable resource and fosters collaboration for overall growth.

• Continuous Innovation: Nb remains at the forefront of the fitness industry with regular program updates, marketing materials, and technology advancements. You’ll always have access to fresh offerings and tools to keep your studio thriving and your clients engaged.

Remember, your success is our success. Nb is invested in its franchisees and committed to providing the resources and support you need to flourish.

What’s the involvement for training, choreography, and music?

Nb franchisees receive in-depth training on all aspects of running your studio, including choreography and music selection. However, our approach emphasizes collaboration and empowers you to shape your studio’s personality.

Here’s how it works:

• Initial Training: Learn the fundamentals of the Nb method, choreography principles, and music licensing options.

• Ongoing Education: Participate in workshops, masterclasses, and online resources to stay updated on trends and refine your skills.

• Collaborative Spirit: Share your creative ideas, participate in feedback sessions, and learn from other franchisees to personalize your offerings.

• Nb Support: Access our vast music library and choreography resources, while having the freedom to curate your playlists and add your own creative flair.

This balance between guidance and autonomy ensures you can deliver authentic Nb experiences while injecting your unique personality and style.

Ready to explore further? Contact us today to learn more about our comprehensive support system and how they can help you achieve your entrepreneurial dreams!

CONSIDERING ACQUIRING AN NB LOCATION?

HERE ARE SOME FAQ TO HELP YOU!

What are my financing options?

Depending on the location, there may be an option for internal/owner financing, however, most commonly financing may come from one or a number of options:

• Personal savings or investments: Tap into your own resources to jumpstart your journey.

• Small Business Administration (SBA) loans: Explore government-backed loan programs with favorable terms.

• Franchise financing: Leverage resources specifically designed for franchise ownership.

• Private investors: Connect with individuals who believe in your vision and the Nb brand.

What’s the investment- franchise fee, build-out etc.

There is a simple, flat franchise fee to take over an existing franchise. In addition, we generally recommend having 6-18 months of working capital to fund the business throughout your transition, potentially refresh the space, and prepare the business for its optimal growth phase.

How much effort will it take to take over an existing business?

Taking over an existing business can be a great way to:

• Skip the startup phase: You’ll inherit an established customer base, brand recognition, and operational systems.

• Reduce risk: Existing businesses have a track record of success, offering insights into what works and what doesn’t.

• Benefit from existing infrastructure: Equipment, leases, and staff are already in place, potentially saving you time and money.

But it’s also important to consider the effort involved:

• Due diligence: Thoroughly research the business’s financials, legal standing, and market position to uncover any potential issues.

• Transition period: Learning the ropes, building relationships with staff and customers, and integrating your vision can take time and effort.

• Potential challenges: You may need to address existing problems, adapt to industry changes, or overcome internal resistance to your leadership.

Overall, taking over a business requires dedication, adaptability, and a willingness to learn.

We offer a limited number of existing businesses for acquisition. Since we provide a supportive and comprehensive franchise model that equips you with the tools and resources needed to launch and thrive as a studio owner, we would be happy to discuss one of these markets if you’re local to them. Feel free to reach out! If you’re passionate about fitness and entrepreneurship, we would be thrilled to connect and determine if our studio opportunities align with your goals!

What are the ongoing costs to run a Nb business?

While we can’t disclose specific financial details, we can provide some insights into the ongoing costs you’ll likely encounter as a Neighborhood Barre franchisee:

Core Business Expenses:

• Rent & Utilities: The cost of your studio space and its utilities (electricity, water, etc.) will depend on location and size.

• Staff Salaries & Benefits: As you build your team, consider costs for instructors, front desk staff, and any additional personnel.

• Marketing & Advertising: Maintaining studio visibility and attracting new clients requires consistent marketing efforts.

• Equipment & Maintenance: Ensure your studio is well-equipped for classes and invest in regular maintenance to keep everything in top shape.

• Music Licensing & Insurance: Secure the necessary music licenses and business insurance for comprehensive coverage.

• Technology & Software: Invest in tools that streamline operations, payments, and client communication.

Additional Considerations:

• Royalty & Marketing Fees: Franchisees pay ongoing fees to Neighborhood Barre for brand usage, digital advertising and marketing support.

• Inventory & Merchandise: Consider offering branded apparel or fitness accessories to generate additional revenue.

• Professional Services: You may need legal, accounting, or other professional services at times.

Remember, Neighborhood Barre is committed to empowering its franchisees with:

• Transparency: They provide detailed financial projections and ongoing guidance to help you budget effectively.

• Shared Resources: You’ll benefit from bulk purchasing opportunities and negotiated supplier rates.

• Operational Support: Our team offers expertise and best practices to optimize your costs and maximize profitability.

Don’t let cost concerns hold you back:

Contact us directly for a personalized market analysis and growth strategy session with our in-house sales and marketing expert!

Owning a Neighborhood Barre franchise is an investment in your future and the well-being of your community. With our support and your dedication, you can build a thriving business that fuels your passion and delivers exceptional fitness experiences!

Is it possible to connect with an existing owner for some financial insights and/or a market review?

Sure! Here are some helpful insights:

We provide comprehensive financial projections as part of our franchise disclosure document. This data helps you estimate potential revenue, expenses, and profitability based on various factors like location, studio size, and membership levels.

Our team is dedicated to transparency and support- we’re also made up of industry experts with unique areas of specialization. We’ll work with you to understand your individual goals and create a personalized growth and strategy plan aligned with your vision.

Remember, starting or buying any business involves inherent risks and uncertainties. While forecasts can give you a helpful starting point, the actual success of your studio will depend on various factors within your control and beyond it.

Here’s the Neighborhood Barre approach to navigate this:

• Focus on the “why”: Before diving into financials, consider your passion for fitness, community building, and entrepreneurship. Is the Nb mission aligned with your personal goals?

• Embrace collaboration: Leverage our expertise and access to industry data. Work with our corporate team and in-house growth and strategy expert to tailor your plan considering local demographics, market trends, and your unique ideas.

• Be adaptable and data-driven: Monitor your studio’s performance, track key metrics, and be prepared to adjust your approach based on real-time feedback from your client base.

Remember, your success is our success. Neighborhood Barre is invested in its franchisees and committed to providing the resources and support you need to create a thriving business. In fact, we pride ourselves on providing the most support of any other franchise of its type in the industry. Let’s connect and talk about your goals, questions and next steps!