How much do Orangetheory Fitness franchise owners make?
The estimated total pay for a Franchise Owner at Orangetheory Fitness is $88,756 per year. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The estimated base pay is $63,055 per year. The estimated additional pay is $25,701 per year.
What do you need to know about an orange theory franchise?
Franchise Analysis: Overview. Orange Theory Fitness Franchise Opportunity. Overview. 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.
How many Orange Theory Fitness locations are there?
Based on 2020 FDD data, Orange Theory Fitness has franchise locations in 49 states plus DC. The largest region is the South with 485 franchise locations.
Why choose Orangetheory Fitness?
A Franchise to Change Lives. Including Yours. At Orangetheory Fitness, we set both our members and franchise partners up for success. Our workout is scientifically proven to produce results, and our tried-and-true development track record is evidence of an effective franchise formula.
Why is OrangeTheory so popular?
Is splash and dash a fitness franchise?
Does OrangeTheory have unlimited plans?
Can This Provide a Good ROI?
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.
How much do franchise owners make a year?
about 80,000 dollarsAccording 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.
How much does a Orangetheory make a year?
As of Oct 10, 2022, the average annual pay for an Orangetheory Fitness Trainer in the United States is $41,851 a year.
What is the most profitable franchise?
Top 14 Most Profitable FranchisesMcDonald's. Units in operation: 39,360. ... Dunkin Donuts. Units in operation: 12,800. ... Taco Bell. Units in operation 12,800. ... Subway Franchise. Offers Financing: Yes. ... Anytime Fitness Franchise. Units in operation: 4,904. ... Sonic. Royalty: 2.5% - 5.0% ... Planet Fitness. Royalty 7.0% ... Orangetheory Fitness.More items...
What is the most profitable franchise to own in 2022?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
How are Orangetheory coaches paid?
Coaches get paid by how many members join their classes. The fewer the members, the lower the pay. There is a max of 4 classes you can coach in a row.
How much does it cost to start a 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.
What is the cost of McDonald's franchise?
The Franchise fee of McDonald's goes for around 30 lakhs INR; however, this fee is also attached with a 4 % monthly royalty fee as service fees to the brand. The actual investment amount differs, a business owner needs to keep a rough estimate of around 6 to 14 Crores.
Do Orangetheory employees get a free membership?
Free membership, good work/life balance, phenomenal staff, easy job.
How much do Orangetheory coaches get PID?
Orangetheory Fitness Coach SalaryAnnual SalaryMonthly PayTop Earners$111,000$9,25075th Percentile$68,000$5,666Average$54,258$4,52125th Percentile$29,500$2,458
How often do Orangetheory employees get paid?
Semi-monthlyThe pay is Semi-monthly.
Do franchise owners make good money?
Franchise Business Review found that the average annual pre-tax income of franchise owners in America is $80,000. Only 7% of franchise owners make more than $250,000 annually, and 51% earn less than $50,000. Legally, franchisors cannot give income amounts or forecasts of future income.
Is it profitable to own a franchise?
Buying a franchise might seem like easy money, but those royalties and fees will quickly cut into profit margins. The majority of franchise owners earn less than $50,000 per year.
How much do Chick-fil-A owners make?
Chick-Fil-A Franchise Owner Salary Owners make $200,000 to $240,000 per year on average after considering annual fees. Chick-fil-A restaurants produce around $5.3 million in annual sales on average so between 5% – 7% of total sales will hit the bottom line after expenses.
How much do 711 franchise owners make?
The estimated base pay is $82,642 per year. The estimated additional pay is $58,474 per year. Additional pay could include bonus, stock, commission, profit sharing or tips.
How much does a Franchise Owner at Orangetheory Fitness make?
Franchise Owner salaries at Orangetheory Fitness can range from $34,920-$115,373. This estimate is based upon 2 Orangetheory Fitness Franchise Owne...
How does the salary as a Franchise Owner at Orangetheory Fitness compare with the base salary range ...
The average salary for a Franchise Owner is $63,041 per year in United States, which is 29% lower than the average Orangetheory Fitness salary of $...
What is the salary trajectory of a Franchise Owner?
The salary trajectory of a Franchise Owner ranges between locations and employers. The salary starts at $74,460 per year and goes up to $74,460 per...
Orangetheory Fitness - Average Gross Revenue and Number of Active ...
2. The 1,000th studio will open later this year in Modesto, California, by new franchisee and triathlete Karen Neal. 3. Dave Long, co-founder and Chief Executive Officer of Orangetheory Fitness, says “The rate at which Orangetheory Fitness has grown since launching in 2010 has far surpassed our wildest expectations.”
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.
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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.
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.
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.
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 does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
How much do food franchises make?
They assume food franchise owners are the biggest moneymakers, but according to a Franchise Business Review report, 51.5 percent of food franchises earn profits of less than $50,000 a year and only about 7 percent of food franchises have profits over $250,000.
How much does a cleaning franchise cost?
This model is not to be confused with buying cleaning contracts which is a totally different model with a much smaller investment. Also not to be confused with a MASTER cleaning franchise which is more about selling franchise contracts. A master cleaning franchise is a great business for people with sales experience, and the average gross for a cleaning master franchise is $2,800,000, top earners at $5,800,000 . A master cleaning franchise will have an investment range of between $240k and $400k.
Why do we call Franchise City?
Smart investors call Franchise City because we have all the data on file. But more importantly, not everyone has the skills or background to successfully operate a senior care or staffing franchise. If you are a bad fit, even with the top franchises, you will not make money. A Taco Bell will have people walking in and buying a taco, but it doesn't really matter if you have no business skills, or are not a good communicator. With senior care, staffing and service-based businesses in general the owner is driving that business forward and they need to have specific skills in order to succeed. We provide a detailed skills assessment to all our clients as part of our free service.
What is the highest grossing franchise on QSR50?
The single highest grossing food franchise on the QSR50 is Chick-fil-A. An average Chick-fil-A generates 4.16 million dollars annually and your investment is only $10,000. But keep in mind that Chick-fil-A has a very different franchise model than other franchises and owners do not receive a traditional revenue split, or even ownership of the store. You'll earn a solid six figures, have limited risk, be part of a solid organization with traditional values but you do not own the store or gain any equity.
Do franchises track net revenue?
Franchises collect royalties on gross earnings, so they typically don't track the net. We help our clients gather the net numbers to make a more informed decision.
Do food franchises have 20% margins?
There are some food franchises that do have 20% margins or higher, but you have to know where to look. ( Contact Franchise City for details) Multi unit owners can do very well but a single unit, unless you have a great location, is not going to generate a lot of money. Let's look at other industries to compare, ...
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.
