LA Fitness offers franchise, and the total cost of acquiring this franchise business lies between $77,000 and $250,000. This of course is not all the fees you have to pay as an owner of the LA fitness franchise. The franchise fee would cost you anywhere from $15,000 to $30,000, depending on the size of your unit.
Full Answer
How much does a LA Fitness franchise cost?
This of course is not all the fees you have to pay as an owner of the LA fitness franchise. The franchise fee would cost you anywhere from $15,000 to $30,000, depending on the size of your unit. You will also need to have a liquid investment capital of $50,000 before the company can do business with you.
Is LA Fitness worth the price?
Totally worth it if you go often. LA Fitness tends to be a little nicer but $35 is insane for me. If you have $500+ Per person to spend yearly on the gym and want to spend that much to get a better experience then go for it. Planet fitness (idk about world gym) doesn't even have barbells...
Does LA Fitness offer discounts?
There are a handful of special deals and discounts in LA Fitness, such as: When you add someone else to your membership, that person will not have to pay only $25 as the initiation fee, and the monthly fee will be their basic $29.45 (for multi club membership) Up to 50% discount, when you get an LA Fitness membership through Costco.
How much do fitness staff make at LA Fitness?
LA Fitness pays its employees an average of $14.37 an hour. Hourly pay at LA Fitness ranges from an average of $9.14 to $25.79 an hour. LA Fitness employees with the job title Fitness Instructor make the most with an average hourly rate of $20.35, while employees with …Read more
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What gyms can be franchise?
The 9 best gym franchise opportunities in 2022Anytime Fitness. Anytime Fitness is known for its 24/7 gym access at affordable prices. ... Planet Fitness. ... Gold's Gym. ... Crunch Fitness. ... Snap Fitness. ... Burn Boot Camp. ... UFC Gym. ... Workout Anytime.More items...•
Is LA Fitness profitable?
However, revenue in the first half of 2021 was $562.5 million, an increase of 17.9 percent year over year. LA Fitness, Irvine, California, dropped to No. 2 this year, posting $900 million in revenue for the 12 months ended March 31, 2021.
Who is LA Fitness owned by?
Louis Welch is President & co-CEO of Fitness International, LLC, which operates the LA Fitness health clubs. Mr. Welch is an American businessman and fitness industry leader.
How is LA Fitness doing financially?
LA Fitness peak revenue was $2.1B in 2021.
Which gym makes the most money?
#1: Planet Fitness Club Industry lists Planet Fitness' reported revenue as $429.9 million in 2017 (this amount is from its corporate-owned locations and franchisee fees but not the revenue earned by each franchisee). Planet Fitness currently has over 1,200 locations in America.
Is LA Fitness in debt?
Under the program, the Fed will purchase 95% of eligible loans made by banks. Privately owned LA Fitness parent Fitness International LLC, which operates more than 700 clubs across the country, carries $1.7 billion in debt.
What is the biggest gym chain in America?
24 Hour Fitness is the largest privately held fitness chain. Its 400+ clubs can be found in 17 states (as well as Asia as “California Fitness” clubs).
Why did LA Fitness go out of business?
Cash Crunch The company faced a liquidity crunch as 2020 ground on, and Moody's cut LA Fitness' credit rating after a surge of Covid cases forced management to shut gyms in California and Arizona a second time. Those states generate more than 20% of the company's total revenue, Moody's wrote.
Why did LA Fitness change their name?
In early 2020, LA Fitness launched their new down market Esporta Fitness brand (intended to compete with high volume low price gyms such as Planet Fitness), and rebranded several former LA Fitness locations as Esporta Fitness.
Did LA Fitness get bought out by Esporta?
No — the two are separate but quite similar in their facilities and amenities. Launched in 2020 under the LA Fitness umbrella in an attempt to compete with other high-volume, low-cost membership gyms, Esporta gives clients a fresh new look (color, graphics, club setup) to the LA Fitness brand.
How many LA Fitness locations are there?
How many LA Fitness locations are there in the United States? There are 538 LA Fitness locations in the United States as of October 12, 2022. The state with the most number of LA Fitness locations in the US is California, with 92 locations, which is about 17% of all LA Fitness locations in the US.
Does LA Fitness refund your money?
A cancellation postmarked at least 5 business days before your next billing date should result in no further recurring billing. If less than 5 business days, you may be billed one more time. If this occurs, LA Fitness will refund that additional billing.
Why did LA Fitness go out of business?
Cash Crunch The company faced a liquidity crunch as 2020 ground on, and Moody's cut LA Fitness' credit rating after a surge of Covid cases forced management to shut gyms in California and Arizona a second time. Those states generate more than 20% of the company's total revenue, Moody's wrote.
How much does a gym franchise owner make?
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. You have to be aware of some fees and additional costs because these will quickly cut into your profit margins.
What is the biggest gym chain in America?
24 Hour Fitness is the largest privately held fitness chain. Its 400+ clubs can be found in 17 states (as well as Asia as “California Fitness” clubs).
Is LA Fitness rebranding to Esporta?
However, this rebranding will not limit your membership access or change your pricing. You'll still have the same amenities and the same group of clubs (whether they are called Esporta or LA Fitness) as part of your membership that you already currently enjoy.
Where is LA Fitness located?
The company was formed in 1984 and is based in Irvine, California .
Who is the founder of LA Fitness?
LA Fitness was founded in 1983 by founder Chin Yi. In 1984 Louis Welch, President & CEO partnered with Chinyol Yi to open one location at the corner of Hollenbeck Avenue and Arrow Highway in Covina, a suburb of Los Angeles, California.
When did LA Fitness buy Buffalo?
On December 23, 2013, LA Fitness announced the acquisition of The Buffalo and Rochester Athletic Clubs in western New York.
How many people were killed in the 2009 LA Fitness shooting?
In the 2009 Collier Township shooting, also referred to as the LA Fitness shooting because it took place in an LA Fitness health club in Collier Township, Allegheny County, Pennsylvania, four people were killed.
What is a LA Fitness franchise?
The LA Fitness franchise is the perfect franchising opportunity for those entrepreneurs interested in bringing a state of the art fitness gym in their locality.
When was LA Fitness founded?
The company was first established in 1984 and has since developed from a humble individual club into several fitness centers and health clubs, developing a uniformly recognized and reputable brand. Amenities include juice bars, locker rooms, group exercise rooms, courts, pools and exercise equipment rooms. The LA Fitness Company is open 24/7, making it convenient for anyone and everyone.
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Anytime Fitness
Anytime Fitness is a global business that had 2,398 U.S. and 1,645 international franchises at the start of 2018, along with 38 company-owned locations. In 2007, the total number of locations was just 455.
Orangetheory Fitness
Orangetheory Fitness focuses on fitness classes that can include treadmills, rowing machines and free weights. The company, which was founded in 2010, also requires class participants to wear heart rate monitors so they can see their health information during the workout. Orangetheory is looking to add franchises worldwide.
Planet Fitness
A Planet Fitness franchise can easily cost seven figures and significantly more than any other business on this list. However, according to the company website, franchisees can expect a greater than 25 percent return on investment in a franchise's second year, even after royalties and advertising.
Crunch
Crunch Franchise was founded in 2010, but despite its relative youth as a business and relatively high investment price tag, Crunch had already grown to 239 units by the start of 2018. According to its website, Crunch's growth results largely from its approximate $1.9 million average gross sales per unit and 6,440 median members.
Jazzercise
A Jazzercise franchise can cost as little as $2,500, which is around 42 times less expensive than Anytime Fitness, the second most affordable franchise on this list. The reason for that is simple: You don't need to own a physical location to become a Jazzercise instructor, and as the website puts it, "every certified instructor is a franchisee."
Why are some LA Fitness now esporta?
The debut of LA Fitness’ new downmarket Esporta Fitness brand (designed to compete with high volume low price gyms such as Planet Fitness) began in the autumn of 2020, and the rebranding of numerous previous LA Fitness facilities as Esporta Fitness followed.
Can you use Esporta membership at LA Fitness?
We have recently opened our doors in Southern California! You will have more time to work out with Esporta Fitness, the new LA Fitness brand, because we are increasing our hours to 24 hours a day. You will also have a new Functional Training Area with Esporta Fitness, the new LA Fitness brand.
Who owns Esporta?
Esporta Fitness Clubs are operated by Fitness International, LLC, which is led by Louis Welch, who serves as President and Co-CEO. Mr. Welch aided City Sports in the development of a multifunctional sports fitness club, which later became the company’s distinctive architectural model.
How do I cancel my esporta account?
How to Get to the Online Cancellation Form: Click Here. Select My City Sports Club from the drop-down menu. Log in, choose the Account Information tab, and then select the “Cancellation Form” option on the right-hand side of the screen to complete the cancellation process. The form should be sent to the address indicated on the form.
How many LA Fitness gyms are in California?
California is the state with the most number of LA Fitness sites in the United States, with 85 facilities, accounting for 18 percent of all LA Fitness locations in the country.
Can I use my LA Fitness membership anywhere?
There are approximately 690 LA Fitness gyms in the United States, which is a lot. Members may use their LA fitness cards at any LA fitness location in the United States for $30 per month.
Does LA Fitness have a pool?
Take use of the pool’s resources. Swimming in a pool is an excellent method to tone up and burn calories. When exercising with water resistance, it is less taxing on the joints and allows you to train muscles you may not have realized you had.
What is a fitness franchise?
A franchise is a form of business where the business owner (franchisor) gives someone (franchisee) the right to operate their business following the franchisor’s company model.
Are fitness franchises profitable?
Yes, fitness franchises offer great profits but not as much as you might think.
What factors make fitness franchises profitable?
Fitness franchises earn a major chunk of their income from gym memberships, just like other gyms do. But the profits start coming in much quicker in a franchise gym than a startup gym.
5 of the most profitable fitness franchises
Gymguyz, Pure Barre, UFC, Anytime fitness are some of the top names in fitness franchises. Here are some more, along with the franchise cost associated with each:
In summary
Running a gym franchise is a profitable business. If you’re serious about owning one, then be prepared for a lot of hard work and upfront costs.
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 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 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.
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.
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).
