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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Is Anytime Fitness franchise 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. Anytime Fitness is the world's fastest-growing fitness club, according to the International Health, Racquet and Sportsclub Association.
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.
How much does it cost to own 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.
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?
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...
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.
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...•
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 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 toughest thing about being a gym owner?
Main Challenges Faced by Gym Owner:Finance Management: Managing finances is one of the most common problems that gym owners face. ... Staff Dealing: The next problem that gym owners face is dealing with staff. ... Lack of Client Base: Building a successful business is not easy. ... Keep Members Happy: ... Get a Good Location for Gym:
Can a gym franchise make money?
Buying a gym franchise is a great way to get into the highly profitable fitness industry, but it's important that you find a profitable location and run your gym franchise business efficiently.
How much do F45 owners make?
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%.
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 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?
Initial Start-Up Funding The average cost to license a Starbucks store is $315,000. You'll also need $700,000 in liquid assets to be considered.
How much to buy a Chick-fil-A franchise?
Despite its success, Chick-fil-A charges franchisees only $10,000 to open a new restaurant, and it doesn't require candidates meet a threshold for net worth or liquid assets, the company told Business Insider. That's cheaper than every major fast-food chain in the US.
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 many locations does Anytime Fitness have?
Anytime Fitness is the world’s fastest-growing fitness club, according to the International Health, Racquet and Sportsclub Association. It operates more than 4,000 franchised locations in 50 countries.
How to determine how much profit a franchise makes?
Franchise owners can determine how much profit they’ll make by taking their expected revenue and subtracting expenses like payroll, rent, royalties, marketing, utilities, insurance and more. Prospective franchisees can review Item 19 in Anytime Fitness’ Franchise Disclosure Document for complete details.
