how much to franchise an orangetheory

How Much Does Orangetheory Franchise Cost

Full Answer

How much is the Orange Theory franchise fee?

You’re expected to pay Orange Theory an initial franchise fee equal to $59,950 for a single franchise when you sign the Franchise Agreement. The Initial Franchise Fee is not refundable. Orange Theory charges the Initial Franchise Fee uniformly to all franchisees.

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 does it cost to start an Orangetheory gym?

- In the United States, the total investment to start the Orangetheory Fitness gym is around $488,405 to $994,360. - In Canadian currency, the investment comes around Can$624,015 to Can$1,270,454.

What licenses do I need to open an Orangetheory franchise?

Certain state permits and licenses may be needed to operate a Orangetheory franchise business, if you’re opening your own studio. Learn more about licensing requirements in your state by visiting SBA’s reference to state licenses and permits. Most businesses are required to collect sales tax on the goods or services they provide.

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How much does an Orangetheory franchise owner make?

Salary Details for a Franchise Owner at Orangetheory Fitness The estimated base pay is $66,143 per year. The estimated additional pay is $25,445 per year. Additional pay could include bonus, stock, commission, profit sharing or tips.

How much does it cost to open a OTF franchise?

How much does Orangetheory Fitness franchise cost? Orangetheory Fitness has the franchise fee of up to $59,950, with total initial investment range of $488,405 to $994,360.

Do Orangetheory franchises make money?

Estimated Average Franchise Revenue: $517,000 1- Based on a midpoint investment of $1,378,500 with estimated profits of $51,800 (10% profit margin) it would take about 27 years to recoup your investment.

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 F45 franchise cost?

How Much is an F45 Franchise? The initial F45 Franchise Fee is $52,000. You have to pay this upfront fee when opening a F45 franchise. To be considered for a franchisee of a F45 franchise, you need to have at least $120,000 in liquid assets.

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 much do Orangetheory owners make a year?

The average salary for a Franchise Owner is $69,500 per year in United States, which is 66% lower than the average Orangetheory Fitness salary of $210,148 per year for this job.

Can I open an Orangetheory?

Franchising Candidate Requirements Indivual or group investors with solid entrepreneur experience. Owner/Operator, engage with your team daily – helping to drive the business and building community in your studio – NO ABSENTEE OWNERSHIP. $350K liquid capital with $1M net worth.

How much does an F45 owner make?

According to the S1, F45 franchise owners can expect to make an average of $106,000 EBITDA per year (average gross sales is $354,000, with average EBITDA margins in excess of 30%).

What is the most profitable franchise to own in 2022?

Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•

Do franchise owners make money?

Franchise Business Review found that the average annual pre-tax income of franchise owners in America is $80,000. Only 7% of franchise owners make more than $250,000 annually, and 51% earn less than $50,000. Legally, franchisors cannot give income amounts or forecasts of future income.

Which franchise is best in 2022?

Franchises provide a strong corporate and management framework, plus marketing, merchandising and production support....Bluevine Business CheckingDunkin' ... Anytime Fitness. ... Planet Fitness. ... Orangetheory Fitness. ... Primrose Schools. ... Kiddie Academy. ... Kumon Math and Reading Centers. ... Ace Hardware.More items...•

How much does it cost to open a CycleBar?

Total Investment: The total investment necessary to begin operation of a “CycleBar Franchise” franchise ranges from $319,150 – $497,200. Initial Fees: Initial franchise fee: $60,000.

How much is it to buy a Taco Bell franchise?

Costs overview Franchising fee: It costs between $25,000 and close to $50,000 for the initial franchise fee. This, too, will vary depending on the details of your specific Taco Bell franchise. Net worth: The current net-worth requirement is around $1.5 million worth of assets.

How much does it cost to open a HotWorx?

How much does the HotWorx franchise cost? HotWorx has a franchise fee of up to $19,950 with a total initial investment range of $188,070 to $351,885.

How many members does orange theory have?

one million membersOur workout is scientifically proven to produce results, and our tried-and-true development track record is evidence of an effective franchise formula. With nearly one million members and over 1500 fitness studios around the globe, we're just getting started in our mission to bring More Life to more people.

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

Why Our Franchise Stands Out

Comprehensive corporate training & support includes: real estate, operations, marketing, sales, fitness, equipment, technology, training, construction & design

Franchising Candidate Requirements

Only serious candidates interested in becoming a stakeholder in a strong, rapidly expanding, elite fitness brand. Must be able to provide required capital, and dedicated studio management support, while following an ever-evolving cutting-edge system:

Who We Are

In 2007, physiologist Ellen Latham brought together science and fitness in a revolutionary way. She called it the Orange Effect and started a U.S. studio to prove it.

Is Orangetheory a franchise?

Orangetheory is a fitness studio franchise that offers group personal training via HIIT workouts with technology wrapped into it. The company was founded and has been franchising since 2010 and is based in Boca Raton, FL.

How many Orange Theory franchises are there?

Orangetheory has seen rapid growth in recent years, and as of the start of 2022, there were over 1,262 Orangetheory franchises around the world.

How much does an Orange Theory Fitness Franchise cost?

Opening a new business is always risky, but with the right franchise, it can be a very lucrative endeavor. Orangetheory is one of the fastest-growing fitness franchises in the United States, and with more than 1000 locations already open, it shows no signs of slowing down. So, how much does an Orangetheory Fitness Franchise cost?

What is the Orangetheory franchise fee?

The Orangetheory franchise fee is $59,950. This initial fee gives you the right to use the Orangetheory name and logo of the company. In addition, you will receive support from a team of experienced professionals as you get your business up and running.

How much do Orangetheory franchise owners make?

Orangetheory Fitness studios have quickly become one of the most popular fitness franchises in the country. Orangetheory workouts are high-intensity and results-driven, making them appealing to people who are looking for a challenging workout.

Ending Summary

Overall, the Orangetheory franchise is a great franchise opportunity for those looking to get into the fitness industry. With its unique approach to workouts and its affordable franchise fee, Orangetheory is poised for continued growth in the years to come.

What Is Orangetheory?

Orangetheory is an American Fitness studio based in Boca Raton, Florida. The Orangetheory was established in 2009 by Ellen Latham. They wanted to create a custom-designed workout gym which later became the foundation of Orangetheory’s System.

How Much Does an Orangetheory Franchise Owner Make?

As per data, Orangetheory generates around $136.44 Million annually. An individual Orangetheory franchise owner can make around $1 million in revenue. However, the revenue might vary based on your location. And also, there is a possibility that some Orangetheory outlets may make more and some might make less owing to the chosen location.

How Much Does An Orangetheory Employee Earn?

Orangetheory employees’ hourly rate ranges from $10.17 to $23.32 per hour. However, employees’ hourly rate varies on position.

What Is Orangetheory Known For?

Orangetheory is a fitness center known for its custom-designed workout gym. They provide many types of fitness programs for you that you can sign up for. However, they have three special classes Orange 3G, Orange 60, and Orange 45. They also give some benefits like monitoring free heart rate, weight measurement machines, and so on.

Is Orangetheory Franchise Profitable?

As per data, Orangetheory franchise owners can easily generate $1 million in revenue annually, which is a decent amount of profit as compared to other franchises. A fitness center can easily make an average of $20,000 per month after one year of establishment. So, in this term, Orangetheory has good profit potential.

Wrap Up

As we discussed above, Orangetheory is a fitness center that offers franchise opportunities to a candidate without any prior experience. The policy of the Orangetheory franchise is very flexible. They have some restrictions and obligations, but that is very common in any business.

Orange Theory Franchise Cost

The biggest expenses in the additional costs section is leasehold improvements and construction costs which vary greatly from $309,000 to $1,309,000. This large discrepancy indicates the potential different costs you could face when building your Orange Theory franchise as a franchisee.

Ideal Franchise Candidate

The franchisor is particularly looking for candidates who are enthusiastic about fitness, are willing to run the business on a daily basis, and have the required capital to fund a location. That said, the minimum net worth required to own an Orange Theory franchise is $500,000 and the applicant must have liquid assets of at least $150,000.

Orange Theory Franchise Sales Figures

Orange Theory does not make any representations about a franchisee’s future financial performance or the past financial performance of company-owned or franchised outlets. However, if you are purchasing an existing Orange Theory, the company may provide you with the actual records of that Orange Theory.

Is owning an Orange theory Franchise worth it?

As seen in the sales figures above, it takes a long time to recoup your investment if you own one singular Orange Theory franchise. The best case scenario would be based on 2019 sales figures and a 20% profit margin would recoup your investment in 8 years.

Should you invest in an Orange Theory Franchise?

Investing in an Orange Theory franchise is an interesting opportunity, especially for individuals looking to make their way into the Fitness industry.

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Background

In 2007, physiologist Ellen Latham brought science and fitness together in a revolutionary way. She called it the Orange Effect and started a U.S. studio to prove the revolution was real.

Company Details

Company Founded: 2010 Franchising Since: 2010 Headquarters: Boca Raton, Florida

Support and Training Offered By Orangetheory Fitness

In terms of training, the franchise offers franchisees on-the-job training that lasts for 36 hours, as well as 33 hours of classroom training.

How Do Orange Theory Franchisees Make Money?

As an Orange Theory franchisee, you will make 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.

Steps on How to Get or Open an Orange Theory Franchise

To acquire an Orange Theory franchisee, you will have to decide the appropriate option you want. By appropriate option, we simply mean choosing the type of franchise you want. First, visit https://www.OrangeTheoryfitness.com/careers, choose either “own a US Studio,” “Own a Canadian Studio,” or “own an International Studio” options.

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.

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.

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.