How much does a Fitness Together franchise cost?
- Initial Franchise Fee: $39,900
- Total Investment: $265,827 to $437,395
- Working Capital: $11,162 to $29,726
- Royalty Fee: 6.0%
Is a fitness franchise a good investment?
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 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 does it cost to buy a Planet Fitness franchise?
Planet Fitness's franchise fee is $10,000 for a 10-year renewable agreement, though the total investment ranges from $700,000 to $3.8 Million. Franchisees must also pay a 5% ongoing royalty fee on all sales to Planet Fitness. To open a gym, a franchisee must have of $3 million with $1,500,000 in liquid assets.
How much do Planet Fitness owners make?
As of 2018, the revenue range is 513,00 to 5,554,000 dollars; this was the annual gross calculated by the Electronic Transfer of Funds (ETF). They gain profits out of things such as monthly membership, merchandise, and membership cards.
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...
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.
What franchise is the most profitable?
Most Profitable FranchisesAnytime Fitness. Anytime Fitness is a popular gym brand with a low-cost investment and high revenue potential. ... McDonald's. McDonald's franchise program is one of the most established in the fast food industry. ... UPS Store. ... Jersey Mike's Subs. ... Dunkin' ... Sport Clips. ... 7-Eleven. ... Papa John's.
What is the cost of McDonald's franchise?
Documents- ID cards, lease documents, etc. Franchise Investment Cost- In India, if anyone wants to start a McDonald's franchise in India, then their net worth should be between INR 10 to 15 Crore. Also, assets worth INR 5 Crore should be in the form of cash or liquid assets.
What is the franchise fee for Dunkin Donuts?
Dunkin' Donuts Franchise Cost / Initial Investment / Dunkin' Donuts. The total liquid capital required to open a Dunkin' Donuts franchise is $125,000 and Dunkin' Donuts franchise fees are $40,000 to $90,000. The minimum net worth of a Dunkin' Donuts franchise is $250K.
Is Planet Fitness losing customers?
Total membership declined four percent from the first quarter to 14.8 million, a decline that might have been even greater except that overall joins during the period outpaced prior year levels, despite Planet Fitness reducing its local and national advertising, Rondeau said.
How do cheap gyms make money?
How To Make Money With A Gym. There are three primary ways that gyms make money: from membership fees, from selling classes and personal training packages, and from selling extra goods and services.
How does Planet Fitness afford to stay open?
Revenue – The principal source of revenue for a Planet Fitness club is membership fees. Monthly and annual membership fees are usually paid through electronic transfer of funds (EFT).
What is the most profitable fitness franchise?
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...•
What franchise is the most profitable?
Most Profitable FranchisesAnytime Fitness. Anytime Fitness is a popular gym brand with a low-cost investment and high revenue potential. ... McDonald's. McDonald's franchise program is one of the most established in the fast food industry. ... UPS Store. ... Jersey Mike's Subs. ... Dunkin' ... Sport Clips. ... 7-Eleven. ... Papa John's.
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...
What Does a Fitness Together Franchise Cost?
To buy a franchise with Fitness Together, you'll need to have $40,000 - $65,000 in liquid capital. Franchisees can expect to make a total investment of $131,887 - $311,687. They also offer financing via 3rd party. *
How many Fitness Together locations are there?
We have helped Fitness Together become #1 in the personal training industry and know what it takes to develop a booming franchise network, with over 480 Fitness Together locations in the US and abroad. We help you every step of the way:
What is fitness together?
Fitness Together is an amazing personal fitness training business opportunity. That's because Personal trainers have the awesome responsibility to teach others how to increase their physical fitness levels and maintain a healthy lifestyle.
Why do people become fitness trainers?
Becoming a personal fitness trainer is one of the few chances people have to turn something they love doing into their career. If working out and maintaining a healthy lifestyle is something you already consider important, imagine how much more fulfilling it would be to help others achieve their goals! Personal training is the perfect career for someone who is motivated and loves helping others.
Is fitness increasing in 2014?
Department of Labor "Employment of personal fitness professionals is expected to increase much faster than the average for all occupations through 2014. An increasing number of people spend more time and money on fitness, and more businesses are recognizing the benefits of health and fitness programs and other services such as wellness programs for their employees."
Is the fitness industry growing?
The market for fitness and weight loss businesses is only growing larger as Americans themselves get bigger.
Does Fitness Together have financing?
Assistance with Obtaining Financing – The Fitness Together corporate team will assist you with obtaining financing for your new franchise. FT works with a variety of lending institutions and is listed on the SBA registry which puts our owners on a fast track to obtaining SBA loans. We can also assist you with development of your business plan which will be used to approach lenders during the process.
Background
From the exclusive, private fitness suites to the complete programming designed to hold clients accountable and produce results, Fitness Together? franchise was built with trainers and clients in mind. Through Fitness Together? franchise ownership, you will receive the framework to help set your business up for success.
Support and Training Offered By Fitness Together
Financial Assistance Provided: No Site Selection Assistance: Yes Lease Negotiation Assistance: Yes Recruiting Assistance: Yes Co-Operative Advertising: Yes Training: Initial Training: Every franchise owner will attend Franchise University for a week-long training in Englewood, Colorado.
Franchises Similar to Fitness Together
The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises.
How much does Fitness Together franchise cost?
The franchise fee for Fitness Together is $29,000 to $34,000. The total investment to open and operate a Fitness Together franchise ranges from $141,800 to $234,100. A 6% royalty fee on gross sales is paid to the company.
When was Fitness Together founded?
Fitness Together was founded in 1983 by Rick Sikorski, who opened his first studio in Scottsdale, Arizona. Fitness Together Franchise Corporation was established in 1996 in response to the growing demand for personal fitness training. Since then, Fitness Together has expanded continuously, opening franchise locations throughout the United States, and in Costa Rica, Israel, Brazil and Canada.
What is a world gym?
World Gym is an iconic, globally-recognized fitness brand in a booming industry. Invest in a World Gym Franchise and profit from a subscription-based revenue model with multiple revenue streams, backed by proven systems and A-to-Z franchisee support.
What age does Fitness Together offer personal training?
Fitness Together offers personal training to clients from age 15 to 80. Fitness Together trainers push, motivate and support clients to elevate their fitness routine and exceed their personal goals and expectations. Clients are frequently surprised by what they are capable of through the Fitness Together training program. All Fitness Together trainers hold degrees, certifications and real-world training experience, and each one undergoes a rigorous in-house training program where they become experts in helping people succeed in establishing and maintaining a healthy and fit lifestyle.
Is Fitness Together a franchise?
Fitness Together is listed in the Franchise Directory under the Fitness category. It's also listed in the section for Franchises Under $60,000 .
What is a fitness franchise?
The franchisor offers franchises for the operation of personal fitness training studios under the name “Fitness Together,” which provide individualized one-on-one and small group personal fitness training, a nutrition program and other related services and products. Franchisees will operate the studio according to the franchisor’s mandatory specifications, standards, operating procedures, and rules.
Does a franchisor provide training?
The franchisor will provide the training program at the times and locations it determines . Franchisees may also request that the franchisor provide any portion of the training program on-site at their studio, and the franchisor will determine whether to provide such portion of the training program on-site.
Can a franchisee supervise a studio?
However, franchisees (or the operating partner if the franchisee is an entity) may elect not to supervise the studio on a full-time basis; provided that they appoint a manager with personal training experience who has completed the then-current training program to work full-time at the studio.
Does Franchise Direct sell your information?
Franchise Direct's reputation for integrity in the franchise industry has been established over our 20+ years in business. We NEVER sell your information or share it with anyone other than the companies from which you have requested information. Please view our privacy policy.
How many franchise locations do they have?
As of the 2021 Franchise Disclosure Document, there are 126 franchised Fitness Together locations in the USA.
How do franchise profits work?
Franchise profits depend on a number of variables, including local demand for your product, labor costs, commercial lease rates and several other factors. Typically, franchise profits are proportionate to the size of investment. We can help you figure out how much money you can make by reviewing your personal situation.
We're Not Just Another Gym Franchise
We are a private personal training studio that offers every client a personalized workout experience based on their goals. Our certified trainers provide the accountability, motivation, guidance and support clients need to achieve results. And that is just for the client, imagine the benefits as the business owner.
Take the Next Step
The ideal Fitness Together franchise candidate is ready to take control of their future and start a business in the booming fitness industry. Fitness Together franchise owners are passionate about helping others, know how to follow a system and are interested in health and wellness.
How many people can be in a fitness class at Ellicott City?
Fitness Together Ellicott City offers two styles of personal group training - partner, in which one trainer instructs two clients - and family, which can cater up to four people.
How much time do you need to workout?
To see true results, a proper workout requires sufficient commitment. Setting aside an hour, at minimum, for your workout is, understandably, a good chunk out of an already busy day – but it’s never going to be a waste of time.
How long should a personal trainer workout be?
Duration – Most personal trainers suggest one hour sessions for optimum impact. There are those who will offer 30 minute workouts as a convenience to their clients (and a bump in their client list), but this practice is not advised at Fitness Together. Here, clients are in the studio for anywhere from 60 to 90 minutes.
Is personal training a commitment?
Incentive – Personal training is a commitment. For many people, it is also a luxury of sorts. Knowing that you paid for an appointment reinforces the need to follow through. And that’s a good thing.
Is it a commitment to get a personal trainer?
Entering a contract with a trainer is a commitment, after all, and one that places your physical well-being in the balance. And because a personal trainer custom-tailors an exercise regimen around your personal goals, basing it upon your individualized health assessment, “getting what you paid for” has never been more important.
