Franchise FAQ

are 24 fitness franchise opportunities

by Karlie Mueller DVM Published 2 years ago Updated 1 year ago
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24 Hour Fitness is a fitness center chain based in the United States of America. The company offers opportunities for business people and entrepreneurs who are interested in the fitness business. If you desire to own or operate a fitness business or franchise, you can consider the 24 Hour Fitness franchise.

The fitness industry is rapidly expanding, meaning that business owners must respond to consumer demand to stay competitive. That's why 24 hour fitness franchises are a hot opportunity, and owning your own could be your key to success.

Full Answer

How much are memberships on 24 Hour Fitness?

24 Hour Fitness membership costs $44.99 per month with no initiation fee. You can get started by paying a total of $89.98 which includes the first and last month. Yearly membership is cheaper at $25 per month and $299.99 is due immediately. The gym membership at 24 Hour Fitness includes access to various facilities.

How much does 24 Hour Fitness franchise cost?

The franchise fee is $30,000. Anytime Fitness, a 24-hour key club, estimates that the total initial investment is $44,074 to $300,074. The initial investment to start a Snap Fitness, another 24/7 key club, begins at $77,000 and usually doesn't exceed $250,000, including all necessary working capital. The franchise fee is $15,000.

What are annual fees on 24 Hour Fitness?

Yes, 24 Hour Fitness does have an annual fee. Every year, 24 Hour Fitness charges an additional $49.99 alongside the monthly dues from the members. Members have to pay this amount every year during the second month, with respect to the date of enrolment of membership.

How much for personal training on 24 Hour Fitness?

You cannot purchase a single personal training session at 24 Hour Fitness. All purchased packages must be used within 6 months. Starter package (includes 4 sessions; For the first-time trainees only) – $200 to $270

How long does it take to get in contact with Snap Fitness?

How many sq ft is Snap Fitness?

What is Snap Fitness?

How does Snap Fitness evaluate sustainability?

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Is 24 Hour Fitness franchise or corporate?

24 Hour Fitness is a privately owned and operated fitness center chain headquartered in Carlsbad, California.

Is a fitness franchise a good investment?

Yes, fitness franchises offer great profits but not as much as you might think. According to Investopedia, most franchise owners take home around $50,000 per year, but about 7% of franchise owners earn more than $250,000 per year.

What is the fastest growing fitness franchise?

AUSTIN, Texas--(BUSINESS WIRE)--F45 Training Holdings Inc. ("F45" or the "Company") (NYSE: FXLV) has been recognized as one of 2022's fastest-growing franchises by Entrepreneur.

How much money do you need to franchise a gym?

The total upfront investment for a gym franchise can fall anywhere between $30,000 and $300,000, including the one-time franchise name fee (ranging from $15,000 to $30,000). Of course, some brands are less expensive than others. Ditto for some locations.

Do gym owners make money?

Gym owners bring in revenue from a variety of sources, including membership fees, class fees, and personal training fees. The amount of money gym owners make varies depending on how successful they are in attracting new members and retaining current members.

What franchise is the most profitable?

Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•

Are Anytime Fitness franchises profitable?

The average Anytime Fitness location brings in about $441,116 in revenue per year, but a franchise owner can expect to make about $114,000 in profit after expenses.

How much does it cost to franchise a Planet Fitness?

Planet Fitness's franchise fee is $10,000 for a 10-year renewable agreement, though the total investment ranges from $700,000 to $3.8 Million. Franchisees must also pay a 5% ongoing royalty fee on all sales to Planet Fitness. To open a gym, a franchisee must have of $3 million with $1,500,000 in liquid assets.

Is Anytime Fitness growing?

About Anytime Fitness Founded in 2001, Anytime Fitness is the largest and fastest-growing gym franchise in the world, serving 5 million members at more than 5,000 gyms in 32 countries/regions on all seven continents.

What is the cheapest gym franchise to own?

With the below information, you can choose the cheapest gym franchise opportunity for you.4.1 Jazzercise Inc. Initial franchise fee: $1,250. ... 4.2 GymGuyz. Initial franchise fee: $40,000. ... 4.3 9Round. Initial franchise fee: $5,000. ... 4.4 F45 Training. ... 4.5 Anytime Fitness. ... 4.6 Burn Boot Camp. ... 4.7 Snap Fitness. ... 4.8 Club Pilates.More items...

How can I get money to open a gym?

What gym financing options are available?Bank loan. One way to secure funding is by getting a business loan from the bank. ... Personal savings. ... Find a business partner. ... Pitch investors and lenders. ... Invest in a gym franchise. ... Fitness equipment financing. ... Monthly payments. ... Legal fees and insurance.More items...•

How much does it cost to invest in a gym?

It can cost you anywhere from $8,000 for a studio to $50,000 for a large gym with all the equipment you could need. While investing in gym equipment make sure you look out for the best quality equipment so that you do not have to keep maintaining it.

Is franchising a gym a good idea?

If you're going to invest your hard-earned money, you might as well secure it in a gym franchise. Later on, when you are financially stable, you can have the freedom to start your own business or continue expanding your franchise as it will most likely be a success. The bottom line is, gym franchises are profitable.

How much does a Anytime Fitness franchise owner make?

How much do Anytime Fitness Franchises Make? The average revenue across the 1,103 Anytime Fitness centers that implemented the Training Suite for the year ending December 31, 2021, is below. The average Anytime Fitness reported $384,958 in annual revenue.

How much does a Planet Fitness owner make?

How Much Do Planet Fitness Franchise Owners Make?FRANCHISED ONLYBOTTOM THIRDUPPER THIRDAverage Annual EFT Revenue-$1,022,241$2,210,892Median Annual EFT Revenue-$1,050,049$2,098,704High Annual EFT Revenue-$1,316,182$4,370,9401 more row•Jul 19, 2022

How much do LA Fitness franchise owners make?

Average LA Fitness Business Owner yearly pay in the United States is approximately $56,588, which is 12% below the national average.

Snap Fitness For Sale - Buy & Sell - Shoppok

Snap Fitness on S Eastern Ave for Sale! - $74,500 (St. Henry) Are you ready for a chance to bring your individual flair to an established business? With an existing, dedicated membership base and high-quality equipment, you will have a fantastic opportunity to take the Snap Fitness of St. Henry to the next level!With a supportive franchise system, free training at Snap University, and ...

Snap Fitness Prices 2022 Update - Gym Membership Fees

Gyms like Snap Fitness have always implemented policies that ensure member safety, and it goes beyond proper use of gym equipment. Since COVID shut down a lot of businesses particularly in places where overcrowding is a health risk, it’s almost impossible to maintain a suitable business model.

How To Buy a Snap Fitness Franchise | Opening a Gym Franchise

You’ll work closely with our dedicated real estate team to secure a location. Once the location is selected our training experts and design team step in to help you customise your club, ensuring maximum ROI on your square footage, and creating a desirable boutique look and feel.

Invest in Snap Fitness 24-7 Gym Franchise

Previous business experience; Passion for changing lives; An entrepreneurial spirit; Self-motivated; People person; Motivated by results; We’re seeking ambitious, service-oriented Franchisees who share our mission and who want to be part of the growing global health and wellness market.

How long has the exercise coach been around?

The Exercise Coach has been inspiring and empowering even the unlikeliest of exercisers since 2000.

What is yogafit?

YogaFit is about strength, flexibility, and stress management for people who love movement. It's about fitness over fashion, and finding your inner balance, beauty, and confidence.

What is UFC Gym?

UFC GYM provides you with a proven business model and business plan allowing you to capitalize on the explosive growth in the health, wellness and fitness industry.

What is Club Pilates?

Club Pilates Franchise is the largest network of premium Reformer-based group Pilates studios in the world. Ranked as THE fastest growing franchise in the world in the Inc.5000 list, join us bringing ...

Is it hard to start a healthcare business?

The healthcare market is one of the most lucrative and rewarding investment fields, but starting a healthcare business is a notoriously difficult, expensive processuntil now. Medical Office Setup is t ...

Is a Medi Weightloss franchise a good fit for you?

If you're looking for a profitable, turn-key operation that includes training, corporate systems, supplies, and support, a Medi-Weight loss Clinics Franchise may be a perfect fit for you!

Why do people choose Workout Anytime 24/7?

There are many reasons why clients choose Workout Anytime 24/7, and value-priced memberships, one-on-one personal training, and state-of-the-art equipment are among them. Members have access to the club 24 hours, seven days a week, 365 days per year. The franchisor helps with real estate selection and design and construction assistance, in addition to training and ongoing guidance.

What is Xist Fitness?

Xist Fitness is a unique concept in the health and fitness industry. The state of-the-art club offers the latest fitness equipment, personal training, massage beds, anti-aging red light therapy, and a full service tanning salon including UV-Free tanning! Each revenue stream is a compliment to another providing each member multiple services under one roof.

How many Figurella locations are there?

In 2012, Figurella introduced its method to the United States. With over 350 locations in 20 countries worldwide, it is the largest womens only fitness center and spa.

Who owns Burn Boot Camp?

The founders are Devan and Morgan Kline, husband and wife, who come a long way before they finally started their franchise. Burn Boot Camp is a combination of Devan’s experience as a professional athlete and trainer and Morgan’s marketing experience. The couple always knew that they wanted more than just a gym. Burn Boot Camp provides 45-minute cardio and strength workouts that provide physical and emotional transformations. The franchise has available multi-unit ownership and area development agreements.

When did Gold's Gym open?

Bodybuilders training outside on Muscle Beach were the first customers for the original Gold's Gym when it opened in Venice, California, in 1965 . Arnold Schwarznegger's movie "Pumping Iron" focused on Gold's Gym, propelling it into the spotlight in 1975. Gold's Gym has been franchising since 1980.

Who is the founder of Planet Fitness?

Michael Grondahl founded Planet Fitness in 1992. The franchise clubs offer free weights training, professional trainers, exercise machines, and other related services, auxiliary goods daily for 24 hours. Every Planet Fitness location holds special events for members, for example, bagel morning. Entrepreneurs have two options: they can open new franchise locations or convert existing training centers.

Is title boxing a franchise?

Using the fundamentals of a real boxer’s workout, Title Boxing Club offers proprietary workouts led by professional trainers. The franchise business is membership-based fitness clubs. For entrepreneurs, there is no requirement to have fitness experience, but it will be helpful to be a small business owner or have management experience.

How long does it take to get in contact with Snap Fitness?

If you’re ready to join one of the fastest growing industries in the world, fill out the form and a team member will be in contact with you within the next 48 hours. In the meantime, check out some of our available locations for your Snap Fitness gym!

How many sq ft is Snap Fitness?

A 3,000 sq.ft. - 6,000 sq.ft space is ideal for a Snap Fitness location, with at least a 10” ceiling height, sufficient parking space, and a natural flow of traffic.

What is Snap Fitness?

Snap Fitness is a global leader in the fitness market and we want to set your franchise up for success. We do this by reviewing the number of competing businesses, the population size and the target market size. We also determine whether entering an existing competitive market would be an advantageous proposition.

How does Snap Fitness evaluate sustainability?

Our internal team evaluates the sustainability of a Snap Fitness franchise in a potential location by measuring the local community’s previous fitness activity and their level of interest in fitness. We then assess the likelihood of them joining a new gym.

What is 9round fitness?

At 9Round, we offer a kickboxing-themed fitness program that incorporates functional, interval, cardiovascular, and circuit training regimens. Own and operate your own 9Round club in a hands-on fashion. This model is perfect for you if you are a passionate entrepreneur who is ready to wake up and do what you love—making people stronger while working toward your business goals. Whether you’re an owner-operator or a semi-absentee owner, our Franchise Business Coaches assist you as you get up and running and support you as your club matures.

What is club pilates?

Club Pilates is breaking down the traditional barriers to Pilates by offering franchise opportunities to make the method accessible to more people, both financially and geographically. We passionately believe that Pilates is the finest strength-training workout available to anyone, at any age, and for any fitness level. Our well-established turn-key model provides you with a completely scalable business to drive your own success. You determine your level of involvement and we’ll assist with recruitment and training to ensure you have a winning team.

What is GymGuyz?

GYMGUYZ is #1 in home personal training. We are a franchise company whose main focus is individualized one-on-one fitness, group sessions, and corporate fitness. GYMGUYZ offers a turn-key model with no need for brick and mortar. Owners do not need to have a certification in fitness, however, basic knowledge is a plus. Our franchise support concierge provides support to the franchise owners throughout the whole process; everything from ordering the van, delivering the van, ordering equipment, apparel, marketing items, phone system to helping with the grand opening event.

Is Snap Fitness a franchise?

Snap Fitness franchise is the top choice for entrepreneurs to bring a high-quality workout experience to their communities. Our low startup costs make it easy for you to get started quickly and our flat monthly royalty fees allow you to keep the money you make. Additionally, Snap Fitness provides in-house financing to qualified applicants, helping you achieve your goal of starting your own business or growing your existing business. You’re never alone with Snap Fitness. Owning your own business may seem like a daunting process, but we help you every step of the way.

Is Pure Barre a franchise?

Not only is Pure Barre the largest barre brand, but it is also one of the largest franchised fitness brands with close to 550 locations open across North America. Enjoy a low-cost entry, a recurring revenue model, truly exceptional EBITDA margins and the confidence in our team that has more than decades of experience in fitness franchising. Our franchise model provides a completely scalable business, allowing you to determine your own success. Leverage development costs and national vendor relationships to launch your studio successfully.

How much does it cost to open a Planet Fitness franchise?

With that in mind, Planet Fitness franchisees will need to pay for that international brand recognition—opening a Planet Fitness franchise may cost over $4 million. Royalty fees are 7% of the total gross monthly and annual membership fees, and advertising fees vary. Initial term lengths last 10 years.

How much did gym franchises contribute to the fitness industry?

And in 2019, gym franchises specifically contributed $4 billion to the $34 billion gym, health, and fitness industry.

How many locations does Anytime Fitness have?

Since their start in 2002, Anytime Fitness has opened over 4,000 locations on all seven continents. Their popularity mostly comes down to their unique business model: All Anytime Fitness locations are open 24 hours a day, seven days a week, and members can access any of those 4,000+ locations no matter where they are in the world. In addition to standard gym fare, Anytime Fitness locations offer a range of classes and services, like yoga, spin, cardio, Zumba, and personal training. Anytime Fitness also prides themselves on engendering a supportive environment for members and they prioritize employee wellness.

What is the judgment free zone at Planet Fitness?

Planet Fitness trademarked the phrase “judgment free zone,” so that alone should give you a sense of this gym’s major value: inclusivity for all people, regardless of their fitness levels. With that accessible attitude in mind, Planet Fitness tries particularly to target the 80% of the American and Canadian population who don’t have gym memberships.

What is the UFC gym?

Owning a UFC Gym means owning a portion of the fastest growing sport in the world—a truly future-proofed business proposition.

How are royalties calculated for Anytime Fitness?

Royalty fees and advertising fees are generally calculated as a percentage of gross sales in franchise agreements, but Anytime Fitness’ rates are flat from month to month, which makes it easier for you to plan and organize your expenses. They’ll provide you with a personal support team, comprehensive training, and marketing support over the course of your franchise agreement’s six-year term (or 10, if you’re in California).

How much does it cost to franchise Gold's Gym?

Gold’s Gym also requires that potential franchisees have a minimum of $1 million in net worth and $400,000 in liquid assets.

How long does it take to get in contact with Snap Fitness?

If you’re ready to join one of the fastest growing industries in the world, fill out the form and a team member will be in contact with you within the next 48 hours. In the meantime, check out some of our available locations for your Snap Fitness gym!

How many sq ft is Snap Fitness?

A 3,000 sq.ft. - 6,000 sq.ft space is ideal for a Snap Fitness location, with at least a 10” ceiling height, sufficient parking space, and a natural flow of traffic.

What is Snap Fitness?

Snap Fitness is a global leader in the fitness market and we want to set your franchise up for success. We do this by reviewing the number of competing businesses, the population size and the target market size. We also determine whether entering an existing competitive market would be an advantageous proposition.

How does Snap Fitness evaluate sustainability?

Our internal team evaluates the sustainability of a Snap Fitness franchise in a potential location by measuring the local community’s previous fitness activity and their level of interest in fitness. We then assess the likelihood of them joining a new gym.

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