How Much It Cost to Open a Anytime Fitness Franchise
- Initial Franchise/Development Fee: $3,150 – $42,500
- Travel and Living Expenses While Training: $413 – $2,750
- Real Estate and Improvements: $20,706 – $207,130
- Architect/Design Fees: $1,200 – $9,000
- Fitness Equipment: $16,417 – $116,471
- Technology Solutions (Equipment Package): $3,968 – $36,399
- First Aid Equipment: $210 – $1,400
- Interior Signs: $516 – $3,925
Full Answer
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 Anytime Fitness owners make?
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 does it cost to franchise anytime?
Our fee structure includes a one-time $42,500 franchise fee and an ongoing $699 monthly payment. Most franchisors take a percentage of gross sales.
Is an Anytime Fitness franchise worth it?
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.
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.
What is the most profitable franchise?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
How much does it cost to own a gym franchise?
between $30,000 and $300,000The 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 do you need to own an Anytime Fitness?
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.
How much does a Planet fitness owner make?
How Much Do Planet Fitness Franchise Owners Make?FRANCHISED ONLYBOTTOM THIRDUPPER THIRDAverage Annual EFT Revenue-$1,022,241$2,210,892Median Annual EFT Revenue-$1,050,049$2,098,704High Annual EFT Revenue-$1,316,182$4,370,9401 more row•Jul 19, 2022
How much do Orangetheory franchise owners make?
Estimated Average Franchise Revenue: $517,000 1- Based on a midpoint investment of $1,378,500 with estimated profits of $51,800 (10% profit margin) it would take about 27 years to recoup your investment.
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.
Is a gym a good business to start?
After a year, a successful gym will generate at least $20,000 per month. According to the AFS 2016 Marketing Best Practices Research Report, a typical small fitness center in the U.S. makes $63 per SqFt., or up to $200,000 to $300,000 per year. Larger gyms can make up to 10 times as much money.
How 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.
How much it cost to buy a franchise?
Franchise startup costs can be as low as $10,000 or as high as $5 million, with the majority falling somewhere between $100,000 and $300,000. The price all depends on the industry, location and type of franchise.
What does a KFC franchise cost?
For non-traditional KFC outlets, KFC charges an initial license fee of $22,500. For traditional KFC franchise agreements, the franchise (or initial license) fee is $45,000 split into the deposit fee and the option fee.
What is the McDonald's franchise fee?
$45,000McDonald's Franchise Cost / Initial Investment / Income Most McDonald's owner/operators have entered the corporation by purchasing an existing restaurant. To open a McDonald's franchise, however, requires a total investment of $1-$2.2 million, with liquid capital available of $750,000. The franchise fee is $45,000.
What is Starbucks franchise fee?
What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.
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.
How much does it cost to franchise a fitness center?
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.
How much does a fitness center cost?
The investment for a standard fitness center runs from under $115,000 to over $677,000
Is gym becoming more prevalent?
More and more people are getting into living a healthy lifestyle. Concerned about their health, consumers now pay attention to their diet and fitness. No wonder gyms are becoming ubiquitous.
How much is the franchise fee for Anytime Fitness?
How much are the franchise fees? In comparison to other franchises, the fees for Anytime Fitness are considerably lower. Our fee structure includes a one-time $42,500 franchise fee and an ongoing $699 monthly payment. Most franchisors take a percentage of gross sales. With Anytime Fitness, you don't pay fees based on sales totals.
What is the cost to become an Anytime Fitness Master Franchisee?
The costs associated with becoming an international Master Franchisee are typically significantly greater than purchasing an individual franchise. However, the costs vary widely and depend upon the region being considered. The rights fees take into consideration the overall potential of the region, including population and demographics, fitness participation trends, and general economic factors.
What can I expect to make from my business?
Income from each Anytime Fitness club varies based on many variables including market size, demographics, efforts made by owners, competency, and economic factors.* We can put you in touch with many different Anytime Fitness owners, and you can discuss their revenue and income with them. *Item 19 of our Franchise Disclosure Document (FDD) provides you with in-depth information regarding projected annual earnings and revenues.
How much training will I receive?
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 hours will I work in my Anytime Fitness club each week?
That decision is completely up to you. Some owners maintain full-time jobs and watch over the operation of their club with occasional check-ups. Other owners operate their Anytime Fitness club as a full-time job. Depending on your circumstances, it can work either way.
Who are the biggest competitors for Anytime Fitness?
Obviously other fitness clubs, community centers, hospital wellness facilities, and YMCAs are direct competitors. We can help you evaluate your competition and explore the possibilities of adding an Anytime Fitness club within your market before you make any commitment.
Do I get an exclusive territory with my Anytime Fitness territory?
Yes. You will be granted an exclusive territory. Your Sales Consultant can discuss with you how Anytime Fitness implements its territory development.
