How much does it cost to open Orangetheory franchise?
Orangetheory Fitness has the franchise fee of up to $59,950, with total initial investment range of $488,405 to $994,360. Are you interested in starting Orangetheory Fitness Franchise in the USA, Canada, Australia, Germany, the UK, India, or another country?
Is Orangetheory a profitable business to own?
Revenue for Orangetheory is up overall, but there is no information on average revenue for individual franchisees. The number of franchises continues to grow and many franchisees have multiple units. How can you make your business more profitable? Franchise owners can make additional money through the sale of Orangetheory clothing and accessories.
How much does it cost to open a co-op franchise?
8% of Gross Sales. Currently 1% of Gross Sales; maximum 3% of Gross Sales. Minimum amount that the franchisor designates, which will be between $2,500 - $4,000 per month. As determined by Cooperative. 25% of then-current initial franchise fee for new franchisees.
How much does it cost to audit a franchisee?
Fee equal to the franchisor’s costs and expenses. Lesser of 18% per annum or the highest rate permitted by law, plus $35 per week or portion of a week that the payment or report is overdue. Fee equal to the cost of audit, including any charges of independent accountants, travel expenses and per diem personnel charges.
See more
How much do franchise owners make a year?
According to a survey done by Franchise Business Review involving 28,500 franchise owners, the average pre-tax annual income of franchise owners is about 80,000 dollars.
Who owns the most Orangetheory franchises?
Honors HoldingsHonors Holdings, founded in 2014 and headquartered in Atlanta, GA, is the world's largest franchisee of Orangetheory Fitness studios. Honors operates and oversees more than 120 existing Orangetheory® Fitness studios, including more than 75 corporate owned locations and more than 45 subfranchised studios.
Can I open an Orangetheory?
Franchising Candidate Requirements Indivual or group investors with solid entrepreneur experience. Owner/Operator, engage with your team daily – helping to drive the business and building community in your studio – NO ABSENTEE OWNERSHIP. $350K liquid capital with $1M net worth.
How much does an F45 owner make?
According to the S1, F45 franchise owners can expect to make an average of $106,000 EBITDA per year (average gross sales is $354,000, with average EBITDA margins in excess of 30%).
How are Orangetheory coaches paid?
Orangetheory Fitness Coach Hourly Pay The estimated base pay is $20 per hour. The estimated additional pay is $5 per hour. Additional pay could include bonus, stock, commission, profit sharing or tips.
Is Orangetheory overpriced?
It is expensive, and the employees can be too salesy. Like other gyms that focus primarily on group fitness such as F45 or CrossFit, Orangetheory is much more expensive than most standard gyms. And when you go for your first class, the staff can be pushy about getting you to sign up for a membership.
How much does the average Orangetheory owner make?
Average Orangetheory Fitness Owner/Manager yearly pay in the United States is approximately $110,000, which is 60% above the national average.
What is the cost of McDonald's franchise?
Documents- ID cards, lease documents, etc. Franchise Investment Cost- In India, if anyone wants to start a McDonald's franchise in India, then their net worth should be between INR 10 to 15 Crore. Also, assets worth INR 5 Crore should be in the form of cash or liquid assets.
How much does it cost to open a burn boot camp?
$142,330 to $349,150The investment range for a Burn Boot Camp is $142,330 to $349,150 and those amounts include the franchise fee. The franchise fee for a single unit is $40,000 and $100,000 for a triple unit deal. In the end, Burn Boot Camp is not just a franchise opportunity.
Why did F45 fail?
Some say taking the company public was a mistake. Many great private companies fail when the owners who drive a business are replaced by corporate employees. Clearly, Covid lockdowns that bread emptier CBDs and people working from home would have played havoc with F45 gyms in office precincts.
How much money do you need to open an F45?
The cost to start a F45 Franchise will include the following: Total Investment: The total investment necessary to begin operation of a “F45 Franchise” franchise ranges from $227,000 – $312,000. Initial Fees: Initial franchise fee: $50,000.
How profitable is an F45?
A typical F45 franchise requires an initial investment of approximately $315,000, significantly lower than other franchise models. In Year 3 of operation, franchisees produce an average AUV of approximately $359,000; average four-wall EBITDA margins in excess of 30%; and average cash-on-cash returns in excess of 35%.
Who owns Orangetheory?
Roark Capital GroupOrangetheory Fitness / Parent organizationRoark Capital Group is an American private equity firm with over $33 billion in assets under management. The firm is focused on leveraged buyout investments in middle-market companies, primarily in the franchise/multi-location, restaurant and food, health and wellness, and business services sectors. Wikipedia
Who is the CEO of Orangetheory?
Dave Long (2010–)Orangetheory Fitness / CEO
How many Orangetheory locations are there?
Orangetheory FitnessAn Orangetheory Fitness studio in Markham, OntarioFounded2010FoundersDavid Long, Jerome Kern, Ellen LathamHeadquartersBoca Raton, Florida , United StatesNumber of locations1,225 (2019)6 more rows
How much is it to buy a Taco Bell franchise?
Costs overview Franchising fee: It costs between $25,000 and close to $50,000 for the initial franchise fee. This, too, will vary depending on the details of your specific Taco Bell franchise. Net worth: The current net-worth requirement is around $1.5 million worth of assets.
What are the costs involved in opening an orangetheory franchise?
The costs to open an Orangetheory franchise are quite high. On the low end, the costs are just over $488.000, while on the high end, the costs can...
What are the ongoing expenses for an orangetheory franchise?
There are many ongoing expenses associated with an Orangetheory franchise. Besides the cost of labor, rent, utilities, insurance and other common b...
Who is the target market?
Orangetheory is not a run-of-the-mill gym. It attracts clients who are health conscious, but definitely not gym rats. Due to the class format, many...
How much can you charge customers?
The average cost of a membership at Orangetheory is between $59 - $200 a month depending on the membership level. Non-members can take a single cla...
How much profit can an orangetheory franchise make?
Revenue for Orangetheory is up overall, but there is no information on average revenue for individual franchisees. The number of franchises continu...
How can you make your business more profitable?
Franchise owners can make additional money through the sale of Orangetheory clothing and accessories. Additional add-on services are restricted acc...
Is this Business Right For You?
An Orangetheory franchise makes sense for anyone looking for a full-time opportunity in the popular health club industry. Owning an Orangetheory gy...
What happens during a typical day at an orangetheory franchise?
While some Orangetheory studio owners have a background as trainers and continue to teach classes after starting their own franchise, most owners f...
What are some skills and experiences that will help you build a successful orangetheory franchise?
A background in physical fitness or strength training can be beneficial for new owners, but this does not mean that people new to the fitness marke...
What is the growth potential for an orangetheory franchise?
There is a huge potential for growth of the Orangetheory concept. As the only health club of its kind, Orangetheory franchisees are in the unique p...
What is Orange Theory Fitness?
Orange Theory Fitness operates gyms which incorporate scientific processes proven to help rejuvenate the body. Our specialized group sessions promise to increase daily energy and productivity, stamina, and cardiovascular health. Whether you are a first-time franchisee or an experienced business owner, the Orangetheory Fitness franchise system empowers you to get more out of what you want from your business and your life
What is Orangetheory?
Orangetheory ® is a proven system that includes ongoing training and marketing – with Franchisor advice on location, programming, operations, business plan and branding. Our business model offers:
Why is OrangeTheory so popular?
The unique setup of the business so that all sessions are group sessions helps keep accountability and makes it easier to bring in more people at once as people can make it a social gathering.
Is splash and dash a fitness franchise?
If you are concerned about the cost and potential return on investment with an OrangeTheory fitness franchise then you should consider a Splash and Dash franchise. Sure this is not a weight loss franchise but rather a pet franchise. It is also an Inc 500 company and growing strong over the last few years. The company revolutionized the pet industry when they introduced their signature bath membership which allows people to bring their pets in for unlimited baths and brushes for a fee that is around what many pet stores charge just for a bath. While this may seem like it won’t make the company money, they have found the recurring revenue from the memberships are great and this even helps to drive sales in the grooming salon and boutique as well.
Does OrangeTheory have unlimited plans?
There are different plans available with an OrangeTheory fitness franchise. This is based on the number of times a person comes in during the month or they can do an unlimited package so they can come in as much as they want.
Can This Provide a Good ROI?
Now that you have seen the different ways this company can make money, the next thing to consider is how the return on investment is with an OrangeTheory fitness franchise. The truth is that there is no way to guarantee this as every market is a little different and it will really depend on how well you handle your marketing and what the people in your local area are interested in. For instance, people in your area may prefer gyms where they can work out on their own or may like solo classes rather than a group environment. Also, you need to think about the cost to open the business. The minimum cost to open is over $437,600 and this number can go up as high as $772,100. While the franchise fee itself is not too bad at $39.400, the real issue here is buying all the equipment needed.
Background
In 2007, physiologist Ellen Latham brought science and fitness together in a revolutionary way. She called it the Orange Effect and started a U.S. studio to prove the revolution was real.
Support and Training Offered By Orangetheory Fitness
In terms of training, the franchise offers franchisees on-the-job training that lasts for 36 hours, as well as 33 hours of classroom training.
Franchises Similar to Orangetheory Fitness
The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises.
Orange Theory Franchise Sales Figures
Orange Theory does not make any representations about a franchisee’s future financial performance or the past financial performance of company-owned or franchised It might mean: 1-An affiliate-own business: Is a type of business where the main company owns less than 50+% of the other companies. It’s as… More outlets.
Is owning an Orange theory Franchise worth it?
As seen in the sales figures above, it takes a long time to recoup your investment if you own one singular Orange Theory franchise. The best case scenario would be based on 2019 sales figures and a 20% profit margin would recoup your investment in 8 years.
Should you invest in an Orange Theory Franchise?
Investing in an Orange Theory franchise is an interesting opportunity, especially for individuals looking to make their way into the Fitness industry.
Download our free exclusive industry guide
Having put someone or something through a careful examination. At Vetted Biz, we put franchises and businesses through a careful examination and benchmarking of 20+… More
Orangetheory Fitness Salary FAQs
How does the salary as a Franchise Owner at Orangetheory Fitness compare with the base salary range for this job?
Explore Franchise Owner Salaries
Check out the latest Franchise Owner Jobs or see Franchise Owner Salaries at other companies.
Orangetheory Fitness Careers
Become part of a bigger mission to help others live longer, more vibrant lives. If you join one of our independently owned and operated... – More
How much does an Orange Theory Fitness franchise make?
Typically, franchise profits are proportionate to the size of investment. We can help you figure out how much money you can make by reviewing your personal situation. Please unlock this franchise for more information.
How many franchise locations do they have?
As of the 2020 Franchise Disclosure Document, there are 1197 franchised Orange Theory Fitness locations in the USA.
What is an orange theory?
Orange Theory Fitness Studios are health and fitness studios that offer members access to exercise equipment, including cardio and strength equipment, in a simple, contemporary atmosphere characterized by a signature, energizing orange color scheme and trade dress.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.