How much did gym franchises contribute to the fitness industry?
How much does it cost to franchise Gold's Gym?
How many locations does Anytime Fitness have?
How much does it cost to open a Planet Fitness franchise?
What is the judgment free zone at Planet Fitness?
How many Orangetheory studios are there?
What is the UFC gym?
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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 profitable are gym franchises?
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.
Do Planet Fitness franchises make money?
Planet Fitness is a profitable business for the franchisor, with retained earnings of $210 million in 2021. Compared to $145 million in 2020, they saw an increase of 44% from 2020 to 2021. This is a good indication of high growth as a company overall.
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.
Is opening a gym a good investment?
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.
Is it worth buying a gym franchise?
A gym franchise gets most of its revenue from membership fees, but it can also provide plenty of other ways to earn extra income. Personal training, classes, selling gym apparel, consumables and health and weight-loss products are just some of these ways.
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...•
Is Planet Fitness losing customers?
Total membership declined four percent from the first quarter to 14.8 million, a decline that might have been even greater except that overall joins during the period outpaced prior year levels, despite Planet Fitness reducing its local and national advertising, Rondeau said.
Does owning a gym make money?
So, do gyms make money? Yes, they certainly can. However, it is important to keep in mind that running a gym is a business, and like any business, there are costs associated with operating the business. In order to make a profit, gyms need to bring in enough revenue to cover all of their costs and then some.
Is owning an Anytime Fitness profitable?
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 can you make owning an Anytime Fitness?
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. Anytime Fitness is the world's fastest-growing fitness club, according to the International Health, Racquet and Sportsclub Association.
Why is Anytime Fitness so successful?
The Anytime fitness concept is based on providing a warm, friendly workout environment and 24/7 gym access at affordable prices to people who live or work nearby. These core values have driven the success of this business model, turning Anytime Fitness into the fastest growing franchise in the world.
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 is the most profitable fitness franchise?
If you want to research the top fitness franchises, here's who made the Top 10 list in Entrepreneur's Franchise 500 for 2022:Crunch. ... Anytime Fitness. ... Burn Boot Camp. ... Club Pilates. ... The Exercise Coach. ... Pure Barre. ... 30 Minute Hit. Entrepreneur Franchise 500 Rank: 351st ... SPENGA. Entrepreneur Franchise 500 Rank: 380thMore items...•
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...•
Is owning an Anytime Fitness profitable?
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.
33 Best Gym/Fitness Franchises of 2022 (UPDATED RANKINGS)
UPDATED January 1, 2022. The combination of new opportunities, a bounce-back from COVID, and the expected eventual return of the previous decade’s steady growth, together mean that gyms and fitness businesses offer huge potential and are among the most popular franchises.
15 Best Fitness & Gym Franchises - Fit Small Business
3. 9Round. Total Initial Investment: $99,675 to $143,075 No. Existing Locations: Over 600 Liquid Capital Required: $35,000 Net Worth Required: $150,000 Franchise Fee: $30,000 9Round offers a 30-minute kickboxing-themed fitness class that incorporates functional, interval, cardiovascular, and circuit training regimens. These programs, which consist of nine challenging workout stations, were ...
8 Best Gym & Fitness Franchises To Open In 2022 - Merchant Maverick
Disclaimer: Merchant Maverick aims to provide accurate and up-to-date information to assist you in your research. You should double-check with the service provider/financial institution directly as well as obtain independent financial advice prior to making any financial commitments or business decisions.
What are the Benefits of a Fitness Franchise?
The franchise owner has done the heavy lifting, which allows you to capitalize on the market without putting in years of establishing a brand. With an established brand comes customer loyalty and a wider reach. Franchises can help provide a blueprint for success.
Why do people choose franchises?
Franchises can help provide a blueprint for success. You’re investing in a proven business model, one of the main reasons why a person may choose to go into a business with a franchise. In many instances, franchises can be cheaper to open than if you were doing it alone.
What is an anytime fitness?
As suggested in the name, Anytime Fitness offers clients complete convenience and flexibility to be able to work out 24 hours a day, every single day of the year. The business has a unique security system which allows members to access the gym, whether it’s staffed or not. They also offer personal training, group training, and fitness consultations.
What is Orangetheory workout?
Orangetheory delivers science-based workouts that are proven to produce results. Members gain access to exercise equipment in a fun and creative environment. Services also include 60-minute trainer-led group workouts that get your heart racing and burn calories. The brand has more than half a million members worldwide.
How many members does Planet Fitness have?
Planet Fitness has more than 1,800 locations with more than 12 million members. The gym is open 24/7 and gives members access to clean and spacious facilities. Services also include free training with certified trainers, customized workout plans, and help using the equipment.
What is F45 training?
F45 Training is a unique group workout studio that focuses on 45-minute high-intensity training classes. It was started in Australia in 2012 and is now one of the fastest growing HIIT franchises in the world.
What is the fastest growing fitness franchise in 2021?
Mar 11, 2021. Xponential Fitness scored the most fitness franchise brands on the Fastest-Growing Franchises list with five of its brands making the list, including Row House, which was its highest-ranking brand at No. 51. (Photo courtesy Row House.)
When will franchises grow?
The Fastest-Growing Franchises list is based on the net total new units (franchised and company owned) added worldwide from July 2019 to July 2020, according to Entrepreneur.
How many Planet Fitness franchises are there in 2020?
Planet Fitness grew its U.S. franchises from 1,740 to 1,904 in July 2020. Its international franchises increased from 39 to 56, and its company-owned clubs increased from 80 to 99. Row House grew from 16 franchised U.S. locations to 66 and from three company-owned clubs to seven in 2020.
How many F45 units are there in 2020?
Internationally, F45 grew from 778 units to 896. It had no company-owned clubs as of July 2020. Anytime Fitness’ U.S. franchise numbers dropped from 2,466 in 2019 to 2,412 in July 2020. Internationally, however, the company increased from 2,044 in July 2019 to 2,327 in July 2020.
How many units does Club Pilates have?
franchises, increasing its number of units from 546 to 584, but it also grew its international franchised units from seven to 10 and its company-owned units from one to three.
What is a Fitness Franchise?
A franchise is a business with an established owner known as the franchisor. The franchisor sells the rights to use their trademarks, company name, and business models to independent operators known as franchisees. There is usually a one-off fee and ongoing percentage of revenue or cost to become a franchisee.
What does it mean to invest in a fitness franchise?
Investing in a fitness franchise means that you’re signing up to use a proven and efficient business model. While a passion for fitness is essential in the industry, you need to have a solid understanding of the business side of running a studio or gym. A tried and tested business model creates a lower risk point when it comes to starting a business.
What is Snap Fitness?
Snap Fitness is a 24/7 access gym. It has a no-frills approach to fitness and provides members with a low-cost monthly gym membership. The gym franchise has a signature workout that is hugely popular and leverages real-time fitness data tracking to elevate the member experience.
When was Orangetheory Fitness founded?
Another massive name in the fitness franchise world is Orangetheory Fitness. The business was founded in 2010 and started franchising the same year. The workout is scientifically proven to get results. With nearly one million members and over 1,300 studios around the world, Orangetheory has experienced rapid growth and development.
Is it cheaper to buy a fitness franchise?
Of course, you need liquid capital to invest in the fitness business. It’s not that buying a franchise is cheap. In fact, there are plenty of costs and fees that come with running a franchise. The main difference is that there is proof the business works and makes money. Whereas with an independent studio, there is more trial and error.
Who is the CEO of Anytime Fitness?
It’s something our brand takes incredibly seriously, and it’s up to our leadership team to make our vision a reality.”. That’s what Anytime Fitness CEO Chuck Runyon told Inside Franchise Business in January 2020.
How many people over 50 want to grow old?
Per AARP, about 76% of Americans over 50 say they want to grow old in their own homes. And, when you add it that at least 10,000 baby boomers (those born between 1946 and 1964) will turn 65 every day until 2029, you realize the market for home healthcare services is substantial and only going to get bigger.
When did ubreakifix start?
uBreakiFix started in 2009 after a broken iPhone 3G screen led to a revelation.
Is Aqua Tots a franchise?
Water safety is becoming serious franchise business, evidenced by both Aqua-Tots and British Swim School growing noticeably fast. However, the payoff for these franchises is about much more than money. “Our tagline, ‘Survival of the Littlest,’ is truly meaningful.” That’s what British Swim School president Brian Garrison said in our interview with him about the children’s franchise opportunity—though services do include a growing adult segment.
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.
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.
Who is the founder of Get In Shape for Women?
Each session includes weight training, cardio and nutrition coaching. Founder Brian Cook started the Needham, Massachusetts-based company in 2006 and began franchising in 2007.
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.
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.
How many Orangetheory studios are there?
Currently, the Orangetheory franchise has over 1,100 studios in 49 U.S. states and 22 countries internationally (they started in 2010, for some context about just how quickly they’re growing). As an Orangetheory franchisee, you’ll be responsible for a monthly royalty fee of 8% of gross sales.
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.
