BODY20, an electro-muscle stimulation (EMS) fitness franchise headquartered in Los Angeles, announced it has surpassed 200 signed franchise agreements, with a new location coming to Detroit later in 2023, along with Atlanta, Boston, Charlotte, Chicago, Dallas, Denver, Philadelphia, Portland, and San Antonio.
To support its existing and new owners, BODY20 is partnering with Benetrends, a franchise funding solution firm, to provide owners with $30 million in proprietary funding strategies that maximize opportunities and minimize risk.
Benetrends will set up BODY20 franchisees with the support they need to start a successful business, including Benetrends’ comprehensive suite of service solutions and small business funding options. Franchisees are able to select the funding plan that best fits their specific needs, whether that is a retirement plan or a conventional business loan.
Benetrends determined that BODY20 was the ideal choice to become the first designated franchisor to participate in their new funding program, as both companies are passionate about helping small businesses succeed and believe this partnership to be an avenue for immense growth.
“This is yet another example of how we are committed to our franchisees — from hiring the absolute best people in the industry, to leveraging strategic partnerships like Benetrends,” says Chris Pena, president and founder of BODY20. “We understand the importance of ensuring that our franchisees can and will get open successfully.”
The total initial investment to open a BODY20 franchise ranges from $409,021.65 to $498,441, according to their 2022 Franchise’ Disclosure Document. For more information about BODY20 and to learn about franchising opportunities, click here.
“Benetrends is excited to now provide designated franchisors and their franchisees access to the critical funding needed to expand their current operations or purchase their first franchise,” says Rocco Fiorentino, president and CEO of Benetrends Inc. “We’re pleased to award BODY20 $30 million, as they look to meet their future development needs following their record-setting growth in 2022.”