Full Answer
How much does an Orangetheory Fitness franchise cost?
What Does a Orangetheory Fitness Franchise Cost? To buy a franchise with Orangetheory Fitness, you'll need to have at least $100,000 in liquid capital and a minimum net worth of $500,000. Franchisees can expect to make a total investment of $167,075 - $352,475.
Is Orangetheory a profitable business to own?
Revenue for Orangetheory is up overall, but there is no information on average revenue for individual franchisees. The number of franchises continues to grow and many franchisees have multiple units. How can you make your business more profitable? Franchise owners can make additional money through the sale of Orangetheory clothing and accessories.
How much do Orangetheory Fitness cleaning & sanitation jobs pay?
Average Orangetheory Fitness hourly pay ranges from approximately $9.43 per hour for Cleaner to $43.34 per hour for Fitness Instructor. The average Orangetheory Fitness salary ranges from approximately $25,000 per year for Consultant to $109,433 per year for Regional Sales Manager.
How much can I charge customers at Orangetheory?
In addition to earning money on memberships, an Orangetheory studio can sell the brand's clothing and accessories. How much can you charge customers? The average cost of a membership at Orangetheory is between $59 - $200 a month depending on the membership level. Non-members can take a single class for $28.
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How much does a Franchise Owner at Orangetheory Fitness make?
Franchise Owner salaries at Orangetheory Fitness can range from $34,920-$115,373. This estimate is based upon 2 Orangetheory Fitness Franchise Owne...
How does the salary as a Franchise Owner at Orangetheory Fitness compare with the base salary range ...
The average salary for a Franchise Owner is $63,041 per year in United States, which is 29% lower than the average Orangetheory Fitness salary of $...
What is the salary trajectory of a Franchise Owner?
The salary trajectory of a Franchise Owner ranges between locations and employers. The salary starts at $74,460 per year and goes up to $74,460 per...
Why is OrangeTheory so popular?
The unique setup of the business so that all sessions are group sessions helps keep accountability and makes it easier to bring in more people at once as people can make it a social gathering.
Is splash and dash a fitness franchise?
If you are concerned about the cost and potential return on investment with an OrangeTheory fitness franchise then you should consider a Splash and Dash franchise. Sure this is not a weight loss franchise but rather a pet franchise. It is also an Inc 500 company and growing strong over the last few years. The company revolutionized the pet industry when they introduced their signature bath membership which allows people to bring their pets in for unlimited baths and brushes for a fee that is around what many pet stores charge just for a bath. While this may seem like it won’t make the company money, they have found the recurring revenue from the memberships are great and this even helps to drive sales in the grooming salon and boutique as well.
Does OrangeTheory have unlimited plans?
There are different plans available with an OrangeTheory fitness franchise. This is based on the number of times a person comes in during the month or they can do an unlimited package so they can come in as much as they want.
Can This Provide a Good ROI?
Now that you have seen the different ways this company can make money, the next thing to consider is how the return on investment is with an OrangeTheory fitness franchise. The truth is that there is no way to guarantee this as every market is a little different and it will really depend on how well you handle your marketing and what the people in your local area are interested in. For instance, people in your area may prefer gyms where they can work out on their own or may like solo classes rather than a group environment. Also, you need to think about the cost to open the business. The minimum cost to open is over $437,600 and this number can go up as high as $772,100. While the franchise fee itself is not too bad at $39.400, the real issue here is buying all the equipment needed.
How much does a "Orangetheory" franchise cost?
The minimum amount required for a franchisee to invest is $675,542 and can go all the way up to $2,105,322.
How many "Orangetheory" units are in the United States?
There are 1213 Orangetheory locations in the United States, of which "16" are corporate units and 16 are franchise units.
From the Franchise Disclosure Document of "Orangetheory", that was issued on, 06, 09 2021
OTF Franchisor, LLC offers franchises for the operation of health and fitness studios that offer members access to exercise equipment, including cardio and strength equipment, in a simple, contemporary atmosphere characterized by our signature, energizing orange color scheme and trade dress under the Orangetheroy trademarks.
What is Orangetheory?
Orangetheory ® is a proven system that includes ongoing training and marketing – with Franchisor advice on location, programming, operations, business plan and branding. Our business model offers:
What is Orange Theory Fitness?
Orange Theory Fitness operates gyms which incorporate scientific processes proven to help rejuvenate the body. Our specialized group sessions promise to increase daily energy and productivity, stamina, and cardiovascular health. Whether you are a first-time franchisee or an experienced business owner, the Orangetheory Fitness franchise system empowers you to get more out of what you want from your business and your life
How much does Orangetheory pay?
How much does Orangetheory Fitness in the United States pay? Average Orangetheory Fitness hourly pay ranges from approximately $10.00 per hour for Sales Specialist to $40.81 per hour for Coach. The average Orangetheory Fitness salary ranges from approximately $23,000 per year for Marketing Intern to $88,072 per year for Regional Sales Manager.
How much does Orangetheory Fitness in the United States pay?
The average Orangetheory Fitness salary ranges from approximately $20,000 per year for Front Desk Receptionist to $88,795 per year for Engineer.
How does Orangetheory make money?
Owners of an Orangetheory franchise makes money through the sale of different tiers of memberships. These three different membership levels give members a set number of classes per month. Members can purchase additional classes at a discounted rate compared to non-members.
How to increase profits at Orangetheory?
The best way to increase profits would be to open up another Orangetheory gym in a populated area far enough away from your first location that it would be able to develop its own local membership.
How much does it cost to open an Orangetheory?
The costs to open an Orangetheory franchise are quite high. On the low end, the costs are just over $488.000, while on the high end, the costs can reach almost 1 million dollars. The majority of the cost of opening an Orangetheory franchise goes toward leasehold improvements, rent and the purchase of workout equipment.
What is an orangetheory gym?
An Orangetheory gym offers its members a highly-intensive workout which focuses on complete coach-led cardio and strength training programs while maintaining a target heart rate. It is a one-of-a-kind approach to exercising at health clubs, and it works.
What can an Orangetheory studio sell?
In addition to earning money on memberships, an Orangetheory studio can sell the brand's clothing and accessories.
What are the expenses associated with Orangetheory?
There are many ongoing expenses associated with an Orangetheory franchise. Besides the cost of labor, rent, utilities, insurance and other common business expenses there are franchise-specific costs. Orangetheory franchisees must pay an 8% royalty and a 1% brand fund contribution of gross revenue.
Should Orangetheory franchises sign waivers?
To avoid liability and potential lawsuits, Orangetheory franchise business should have their clients sign waivers.
