How much does it cost to own an Anytime Fitness?
Anytime Fitness Franchise Startup Fee. You’ll need to pay a franchise fee to be able to use the company’s name. The costs are as follows: Standard Anytime Fitness center: $16,000 to $39,500. Anytime Fitness express center: $13,000 to $20,000. You should settle the Anytime Fitness franchise startup fee through lump sum payment.
What is the average monthly fee for Anytime Fitness?
The average cost of a monthly membership at Anytime Fitness is $36.50 in the United States and $49 in Canada. The membership fee, club dues, and any additional charges are specific to each independently-owned gym. Since franchisees are the ones who operate local Anytime Fitness branches, their prices can differ significantly.
How much money does an Anytime Fitness owner make?
When factoring in bonuses and additional compensation, a Owner Operator at Anytime Fitness can expect to make an average total pay of $40,799 . Also, are fitness franchises profitable?
How much does it cost to open a fitness franchise?
What Does an Anytime Fitness Franchise Cost? To buy a franchise with Anytime Fitness, you'll need to have at least $100,000 in liquid capital.Franchisees can expect to make a total investment of $94,430 - $523,824.They also offer financing via 3rd party as well as a discount for veterans (Yes - $1,000-$8,500 off franchise fee).
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How much do fitness franchise owners 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.
Which gym franchise is most profitable?
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...•
How much does it cost to open a gym franchise?
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.
What is the fastest-growing fitness franchise?
AUSTIN, Texas, March 24, 2022--(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.
Is it hard to own a gym?
The fitness industry has become hyper-competitive and becoming a successful gym owner is getting harder and harder. In fact, while there is massive potential in owning a fitness business, 8 out of 10 of them will fail in their first year.
How much should you invest in a gym?
Think somewhere between $10,000 for a personal studio to $50,000 for a fully-equipped commercial gym. Be sure to shop around—and keep in mind you can often get a discount if you purchase the equipment in sets as a complete package. Certifications – having a professional, certified staff is a big plus.
Is owning a Planet Fitness profitable?
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.
What is the most popular gym franchise?
The state of the gym franchise industry in 2022 The four biggest players in the gym and franchise industry are Orangetheory Fitness, Anytime Fitness, Planet Fitness, and Snap Fitness.
Who is the largest fitness franchise in the world?
The Top Fitness Franchises To ConsiderPlanet Fitness. Planet Fitness can be thought of as the most successful fitness franchise in the world, so it is definitely worth considering. ... Orangetheory Fitness. ... F45. ... Crunch Fitness. ... Jazzercise. ... Anytime Fitness. ... Burn Boot Camp.
Are gyms profitable?
Market research across the USA shows that a gym owner of a medium-sized gym could earn around $150,000 per year. The general setup costs for a medium-sized gym is around $100,000. But your profits for the first financial year could be as little as $50,000.
Is a gym a profitable business?
For example, in our 2021 study we found that 85.3 percent of the gyms that spend over $20,000 a month are profitable, while only 65.7 percent of gyms that spend at least $6,503 turn a profit.
Which is the best gym franchise in India?
Here are the top 10 gym franchises in IndiaTalwalkars Gym. Founded in: 1950. ... Energie Fitness. Founded in: 2003. ... Body Building India. Founded in: 2015. ... O2 Gym. Founded in: 2009. ... Gold's gym. Founded in: 1965. ... FitnessOne. Founded in: 2004. ... KRIS Gethin Gyms. Founded in: 2007. ... Anytime Fitness. Founded in: 2013. Franchising since: 2013.More items...
Is owning a Planet Fitness profitable?
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.
What company has the most gyms in Australia?
Anytime FitnessToday, Anytime Fitness is Australia's largest gym chain with over 500 clubs and over half a million members.
How much profit does a franchise make?
It is hard to say how much profit a specific franchise will make because it depends on several factors, such as location, how many hours the owner is dedicating to the business, if owner is following recommendations from the franchisor, what time of the year the franchise opens and etc. However, there are a few ways to have a better idea of how much a franchisee can make, this being for Anytime Fitness or any other franchise brand.
How to find out how much a franchise makes?
The first is to look at the item 19 in the Franchise Disclosure Document which is their financial earnings claim. Not every franchise has one which is no reason to say its a bad franchise, they may just not have enough data to make a legally binding claim. The item 19 can be broken down in several ways from gross profit to top/bottom line revenue, etc.
What should a potential franchisee do first?
The first thing a potential franchisee should do is to analyze the FDD, some franchises disclose Item 19 which shows some financial information. You can find more de
What to do if a franchise doesn't talk to you?
If they do, make sure to have your top three questions in order, and make sure you have plenty of other valuable questions ready to ask. Conduct at least 100 hours of research into that franchise before attempting to contact the CEO.
Is it similar to building a partnership to franchise?
Remember going for a franchisee is almost similar to building a partnership business. Only when the team is right, the business will become successful & Profitable.
Do tanning beds increase revenue?
Certain locations have tan ning beds, which also increase revenue as well as vending machines. When clients sign up for personal training, the trainers receive a commission (and possibly an hourly wage) for the sessions and the gym gets the rest of the money.
Is fitness a good idea?
So yes ! Fitness is a very good idea anytime because more and more people become councious of the problem that the "junk food industry" represents and they try to become fit and healthy ! 2 things that ar crucial in this business are the location of the gym and the team of trainers.
How often do you have a new member at Anytime Fitness?
A new member every minute - At Anytime Fitness, we have a new member join one of our clubs every minute of every day.
How long is Anytime Fitness training?
With Anytime Fitness, the training never stops. Initially, we have a mandatory, two-week training course at our corporate office in Minnesota. Once the two-week training is complete, we provide daily or weekly assistance via the phone, onsite visits, email communications, and various publications. Assistance is available for as long as you need it. There is no additional cost for this valuable training and assistance.
How many territories does Anytime Fitness have?
Largest presence of any fitness franchise - Anytime Fitness is the first franchise on all 7 continents, with over 4,700 territories sold and 4 million members worldwide.
Is Anytime Fitness a business?
We offer a business and product that people need and enjoy, in an industry that continues to grow every year. With Anytime Fitness, you're in business for yourself, not by yourself.