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.
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).
How much does an Anytime Fitness owner make?
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.
What is the monthly cost of Anytime Fitness?
So, just how much is an Anytime Fitness membership? Costs vary by location and membership type, but most Anytime Fitness prices hover around $36.50 per month. Some locations charge as little as $30 per month, while others charge as much as $44 for a single monthly membership (or $39 per month when you sign on for a year). Ultimately, monthly fees and add-on costs are specific to each independently owned gym.
Are Anytime Fitness franchises profitable?
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.
How much do anytime franchise 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 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.
How much can you make franchising Planet Fitness?
Planet Fitness is a profitable business for the franchisor, with retained earnings of $210 million in 2021. Compared to $145 million in 2020, they saw an increase of 44% from 2020 to 2021....Planet Fitness Income Statement: (in thousands of dollars)For the year ended December 31,20212020Net income$ 210,331$145,07414 more rows•Jul 19, 2022
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...•
Is owning a gym franchise profitable?
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.
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 can I get money to open a gym?
What gym financing options are available?Bank loan. One way to secure funding is by getting a business loan from the bank. ... Personal savings. ... Find a business partner. ... Pitch investors and lenders. ... Invest in a gym franchise. ... Fitness equipment financing. ... Monthly payments. ... Legal fees and insurance.More items...•
How much does it cost to invest in a gym?
It can cost you anywhere from $8,000 for a studio to $50,000 for a large gym with all the equipment you could need. While investing in gym equipment make sure you look out for the best quality equipment so that you do not have to keep maintaining it.
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.
How can I own a Starbucks franchise?
You can't. Starbucks Coffee doesn't franchise. Even though franchising is a classic, successful growth strategy for myriad beloved, familiar brands, Starbucks does not grant franchises. It's not because franchising isn't a time-tested model for growth.
What is the franchise fee for Dunkin Donuts?
Here is a breakdown and ranges of the financial requirements to open a Dunkin' franchise: Total investment range: $97,500 to $1.7 million. Initial franchise fee: $40,000 to $90,000 (varies by location) Net worth: $500,000 minimum.
Who is CEO of Anytime Fitness?
Chuck Runyon (Jan 2010–)Anytime Fitness / CEO
How many customers does Anytime Fitness have?
Worldwide, Anytime Fitness serves more than 2.5 million members on five continents.
What is Planet fitness annual revenue?
Compare PLNT With Other StocksPlanet Fitness Annual Revenue (Millions of US $)2020$4072019$6892018$5732017$4305 more rows
Who founded Anytime Fitness?
Chuck RunyonDave MortensenJeff KlingerAnytime Fitness/Founders
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 open an Anytime Fitness franchise?
The cost to open one Anytime Fitness Franchise is approximately US $84,700. Anytime Fitness is a fast-growing chain of gyms with a total of 4,520 locations around the world. The uniqueness of Anytime Fitness centers is that the clubs are open 24 hours and members can access the gym with a secure key card, even when there’s no staff at the gym.
How much does an Anytime Fitness franchise make?
On average, Anytime Fitness franchise generates a yearly revenue of $421,800, and the average yearly profit is $114,611 for Anytime Fitness Franchise owner. Anytime Fitness Revenues and profits vary from franchise to franchise depending on the location and membership fee that customers pay. Company provides assistance in setting ...
How to become a franchise owner for Anytime Fitness?
1. Company’s Financial Team will review your financial status and Liquid assets and if you are approved then you become a qualified applicant for Anytime Fitness Franchise. You will then be contacted by a member of the company’s New Business Development Team who will guide you further to complete the process of owning a Franchise. Completing the required steps does not guarantee acceptance into the Anytime Fitness, LLC franchising system as there other steps that need to be fulfilled by the prospective franchise owner such as permission from the local authorities to open a Gym at the chosen location, submitting a Business plan and personal financial statements .
What is the fee structure for Anytime Fitness?
Anytime Fitness has a fee and financial requirement structure that is similar to most other franchises, both in the gym industry and beyond. Franchisees must meet minimum net worth and liquid assets (i.e. cash) requirements to be considered.
What percentage of lease savings does a franchisor achieve?
Lease Renegotiation Program: 5percent of any lease savings the franchisor achieves for the franchisee.
Where is Anytime Fitness located?
Anytime Fitness has made history as it opened a Gym in Antarctica in 2019, which made it the only Fitness company in the world to have presence in all the seven continents of the world. Buying a Gym Franchise in a highly competitive fitness market has it’s own risks and downside so before investing, you should have a clear idea about ...
How much does Healthy Contributions cost?
Also, currently, $1.50 initial member fee for each member the franchisee enrolls on the Healthy Contributions website, and $3 for each member enrolled by Healthy Contributions.