9 of the best gym franchises to buy
- 1. Anytime Fitness Initial franchise fee: $3,150 to $42,500 ...
- 2. Orangetheory Fitness Initial franchise fee: $54,950 to $59,950 ...
- 3. Planet Fitness Initial franchise fee: $20,000 ...
- 4. Crunch Fitness Initial franchise fee: $25,000 ...
- 5. Pure Barre Initial franchise fee: $60,000 ...
- 6. The Bar Method Initial franchise fee: $52,000 ...
- 7. UFC Gym Initial franchise fee: $30,000 to $50,000 ...
- 8. Jazzercise Inc. Initial franchise fee: $1,250 ...
Full Answer
What is the best fitness franchise I can use?
Franchises can be a great way to tap into this rising tide. In Entrepreneur’s annual franchise list, there were 5 fitness brands in the top 100. These are…. #8 – Planet Fitness. #30 – Anytime Fitness. #41 – F45 Training. #50 – Crunch. #90 – Burn Boot Camp. But there are numerous other options in the top 500.
What makes a successful gym franchise?
Good franchises have systems in place to receive feedback from members as well as do extensive research to help identify opportunities for delighting customers. This is makes a fitness club a true personalized experience.
How much does a gym franchise cost?
Initially, an individual can expect to invest $2,218,250 to $5,000,500 for a Gold’s Gym franchise, with a franchise fee of up to $40,000. How Much Does A Gym Franchise Cost? A gym franchise can cost anywhere from $30,000 to $300,000 up front, including the one-time franchise name fee (which can cost anywhere from $15,000 to $30,000).
How to buy a gym franchise?
The profitability depends on a variety of factors, including:
- Location. Where is your gym going to be located? ...
- Setup time. Gym franchises will have various setup times ranging from around one month to up to six. ...
- Competition. Once your location is settled you need to investigate the competition in the area. ...
- Your experience. Do you have experience running a business? ...
- Convenience. ...
- Reputation of the club. ...
How much is it to open a franchise gym?
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.
Is franchising a gym a good idea?
If you're going to invest your hard-earned money, you might as well secure it in a gym franchise. Later on, when you are financially stable, you can have the freedom to start your own business or continue expanding your franchise as it will most likely be a success. The bottom line is, gym franchises are profitable.
What is the cheapest fitness franchise to?
With the below information, you can choose the cheapest gym franchise opportunity for you.4.1 Jazzercise Inc. Initial franchise fee: $1,250. ... 4.2 GymGuyz. Initial franchise fee: $40,000. ... 4.3 9Round. Initial franchise fee: $5,000. ... 4.4 F45 Training. ... 4.5 Anytime Fitness. ... 4.6 Burn Boot Camp. ... 4.7 Snap Fitness. ... 4.8 Club Pilates.More items...
What gym has the most franchises?
With more than 4,000 franchise locations on all seven continents – more than half outside the U.S. in more than 30 countries – Anytime Fitness is the #1 fitness franchise in the world.
Do gym owners make money?
According to a report by ZipRecruiter, a Gym Owner in the USA can make anywhere from $17,000 to $187,500 per year depending on the above-mentioned factors. A good average would be $69,794 per year which makes $5,816 per month. These figures can also vary due to the area or state in which the gym is operating in.
How profitable is a gym?
Multipurpose clubs had a median margin of 15.5%, while the fitness-only clubs registered a profit margin of 20%. Of course, the profit margin for your gym and fitness club will depend on factors like location, facility size, type of gym, and various other factors.
Is franchising a gym 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.
How can I open a gym?
A Concise Guide To Opening And Securing A Gym In 2022Find Your Niche! ... Get Training And Become Accredited. ... Find Out About Gym Licenses And Permits. ... Become Versed In Post-COVID Best Practices. ... Secure Financing For Your Venture. ... Find A Good Location. ... Invest In Quality Equipment. ... Interview And Hire Staff.More items...
Is Anytime Fitness franchise profitable?
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.
What is the largest gym chain?
24 Hour Fitness is the largest privately held fitness chain. Its 400+ clubs can be found in 17 states (as well as Asia as “California Fitness” clubs).
What is the largest fitness franchise?
The Complete ListRankFranchise Name1StretchLabView Franchise2The Exercise CoachView Franchise3Alloy Personal TrainingView Franchise49Round FitnessView Franchise73 more rows
How do you become a F45 owner?
The initial F45 Franchise Fee is $50,000. You have to pay this upfront fee when opening a F45 franchise. To be considered for a franchisee of an F45 franchise you need to have at least $120,000 in liquid assets. $259,000 to $275,600 must be paid to F45 Fitness or its affiliates when you open up a F45 franchise.
Is Anytime Fitness franchise profitable?
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 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.
How do I start my own gym business?
A Concise Guide To Opening And Securing A Gym In 2022Find Your Niche! ... Get Training And Become Accredited. ... Find Out About Gym Licenses And Permits. ... Become Versed In Post-COVID Best Practices. ... Secure Financing For Your Venture. ... Find A Good Location. ... Invest In Quality Equipment. ... Interview And Hire Staff.More items...
How Much Does A World Gym Franchise Cost?
For people who put a premium on fitness, operating a gym can be a promising venture. Not only will it allow you to help others maintain a healthy lifestyle, but you can also earn big bucks if everything works out. If you’ve always wondered about the World Gym franchise cost, this article will guide you through the ins and outs of owning your own gym as well as the money you need to invest.
What is franchise agreement?
According to the Franchise Agreement, the franchisor will guarantee competitive protection to the franchisee in a trade area around the restaurant’s premises. This agreement means that the franchisor will not open or grant any other franchisee to open another restaurant around the granted trade area. Aside from high-density population areas, a restaurant’s trade area starts from its main door and extends into a radius outwards. The radius of the franchisee’s trade area will depend on the following factors:
What is The Mr. Appliance Franchise Cost?
For your home and office appliance needs and repairs, there’s only one name you can trust if you’re in the United States or Canada. Mr. Appliance is a reliable company with decades of experience. The company has been offering franchising opportunities since 1996. So, if you want a money-making venture, learn more about Mr. Appliance’s franchise terms and costs.
How long does Johnny Rockets franchise last?
The initial length of the franchising term for Johnny Rockets is ten years. Franchisees have the right to renew the FA for another ten years if the franchisor’s requirements and conditions are met.
What are the amenities of a gym?
Though gym amenities vary per location, each one typically includes cardio machines with monitors, and strength equipment. Facilities also provide personal and nutritional counseling as well as group classes like yoga, spin, kickboxing, and boot camp. Many of the locations also have swimming pools, tennis and basketball courts, saunas, and a lot more. With this franchise, you can have the ultimate fitness hub.
How many owners and managers are required to complete the Phase I and II training?
A minimum of one owner or manager must attend the Phase I and Phase II training programs and complete both satisfactorily. Moreover, the owner and manager must attend the Phase II training program and complete it according to the franchisor’s satisfaction. The requirements for the training may vary according to the participant’s experience.
Does franchising cover the initial cost?
The franchisor may cover a percentage of the initial franchise cost. This will depend on the franchisee’s creditworthiness and other collateral presented to secure financing.
When did Gold's Gym open?
Bodybuilders training outside on Muscle Beach were the first customers for the original Gold's Gym when it opened in Venice, California, in 1965 . Arnold Schwarznegger's movie "Pumping Iron" focused on Gold's Gym, propelling it into the spotlight in 1975. Gold's Gym has been franchising since 1980.
What is Xist Fitness?
Xist Fitness is a unique concept in the health and fitness industry. The state of-the-art club offers the latest fitness equipment, personal training, massage beds, anti-aging red light therapy, and a full service tanning salon including UV-Free tanning! Each revenue stream is a compliment to another providing each member multiple services under one roof.
Why do people choose Workout Anytime 24/7?
There are many reasons why clients choose Workout Anytime 24/7, and value-priced memberships, one-on-one personal training, and state-of-the-art equipment are among them. Members have access to the club 24 hours, seven days a week, 365 days per year. The franchisor helps with real estate selection and design and construction assistance, in addition to training and ongoing guidance.
How many Figurella locations are there?
In 2012, Figurella introduced its method to the United States. With over 350 locations in 20 countries worldwide, it is the largest womens only fitness center and spa.
Is title boxing a franchise?
Using the fundamentals of a real boxer’s workout, Title Boxing Club offers proprietary workouts led by professional trainers. The franchise business is membership-based fitness clubs. For entrepreneurs, there is no requirement to have fitness experience, but it will be helpful to be a small business owner or have management experience.
Who is the founder of Get In Shape for Women?
Each session includes weight training, cardio and nutrition coaching. Founder Brian Cook started the Needham, Massachusetts-based company in 2006 and began franchising in 2007.
Who is the founder of Planet Fitness?
Michael Grondahl founded Planet Fitness in 1992. The franchise clubs offer free weights training, professional trainers, exercise machines, and other related services, auxiliary goods daily for 24 hours. Every Planet Fitness location holds special events for members, for example, bagel morning. Entrepreneurs have two options: they can open new franchise locations or convert existing training centers.
How much does a gym franchise make?
Conversely, a gym franchise might only make $100K a year if it’s a small gym in a small town.
How much royalty does a gym franchise have?
This cut is usually a fixed or a progressive fee on the gross profits, depending on the franchise. Most franchises have 5-10% royalty cuts, but some can be lower, and some are higher. If the franchise company uses a progressive scale, you’ll have to pay more as your gym gets successful.
What is franchising a gym?
Gym franchisors give you their business blueprints and show you how to build a fitness business from scratch. They’ll actively help you during the initial stages. This assistance is to help you develop a gym that meets their standards and to decrease your risk of failure.
What happens when you join a gym franchise?
When you join a franchise, you automatically become part of a more extensive network. Many franchises have hundreds of gyms throughout the country. The gym chain can put you in touch with other franchises in your state, which can give you insight into the local market and how to thrive there.
What is the most reputable gym brand?
Brands such as “Gold’s Gym” and “Planet Fitness” have a strong brand following, and these brands are the most reputable gym brands in the world. Fitness enthusiasts are actively looking for the branches of brand gyms in their city.
What is a fitness studio?
A fitness studio software is essential to manage and operate your gym. The franchise will provide you with the best in class gym management software and have the software set-up to manage and run your gym seamlessly.
How to get a gym license?
You’ll have to hire a lawyer to help you deal with the city administration and gain permits for the gym. The licenses issue at the local level and the mayor’s office can help you get a license for your gym as a commercial entity.
Section I – Background Information
1. In October 2021, The Little Gym got a new owner, Unleashed Brands, and a new president and CEO, Nancy Bigley, a former Dunkin’ Brands executive turned entrepreneur. She started Bottle & Bottega and grew it to 27 studios before selling to the largest paint-and-sip franchise, Painting With a Twist, in 2018.
Section II – Estimated Costs
Detailed estimates of The Little Gym franchise costs, based on Item 7 of the company’s 2021 FDD.
Section III – Initial Franchise Fee, Royalty Fee, Marketing Fee, and Other Fees
Detailed information on The Little Gym’s initial franchise fee, royalty fee, marketing fee, and other fees, based on Items 5 and 6 of the company’s 2021 FDD.
Section V – Financial Performance Representations (Item 19, 2021 FDD) and Analysis
Shown below are historic unaudited annual gross revenues as reported to The Little Gym by its U.S. franchisees for the year ended December 31, 2019.
