- Anytime Fitness recommends liquidity of $100,000 and net worth of at least $300,000
- The cost of the franchise itself ranges between $20,000 and $40,000
- Real estate and improvements range widely, from $12,000 to $299,000, depending on location and needed improvements
- Fitness equipment ranges between $4,200 and $23,000
- Global access equipment ranges from $4,000 to $14,300
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).
See more
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 do anytime franchise owners make?
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 much does it cost to open 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.
Is owning a gym franchise 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.
Which gym franchise is most profitable?
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 is the highest paid franchise?
What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.
How much profit can you make owning a gym?
How much profit can a gym make? Revenue and profit varies by size. However, it's typical for a gym to generate between $1,000 and $2,000 a month in revenue within the first 6 months. After a year, a successful gym will generate at least $20,000 per month.
Are gym franchises a good investment?
Running a gym franchise is a great way to make money doing something you love, but it is also the ideal career choice for anyone who wants to feel like their daily work is actually making a positive difference in the lives of others.
How can I open a gym with no money?
Steps To Opening A Gym With No MoneyStart small and allow your business to grow later on.Marketing should be free - by using social media you can cross-promote with other businesses (this can also include free trials or passes for your some or all of your services)More items...
Do small gyms make money?
Market research across the USA shows that a gym owner of a medium-sized gym could earn around $150,000 per year. The general setup costs for a medium-sized gym is around $100,000. But your profits for the first financial year could be as little as $50,000.
What does the average gym owner make?
$73,905 a yearHow much does a Gym Owner make in California? As of Sep 24, 2022, the average annual pay for a Gym Owner in California is $73,905 a year. Just in case you need a simple salary calculator, that works out to be approximately $35.53 an hour. This is the equivalent of $1,421/week or $6,158/month.
How much do gym owners usually make?
Salary.com reports that the average salary for a gym owner is $52,263 as of July 26, 2022.
How much does a franchise business owner make?
Franchise Business Review poll results The poll aggregated the results of 28,500 franchise owners who reported their income and other demographic data. In it, the poll found that the average franchise owner earns $82,033 per year.
Do franchise owners get rich?
According to a survey done by Franchise Business Review*, the average pre-tax annual income of franchise owners in the U.S. is about $80,000. However, only 7% of franchise owners earn over $250,000 per year with 51% earning less than $50,000.
How much profit does a franchise make?
According to a survey done by Franchise Business Review*, the average pre-tax annual income of franchise owners in the U.S. is about $80,000. However, only 7% of franchise owners earn over $250,000 per year with 51% earning less than $50,000.
What percentage do franchise owners make?
Franchise royalties range from 4% of your revenue all the way up to 12% or more. The amount has to do with the type of franchise business. For example, a food franchise is a high-volume business. A lot of individual items are purchased by a high-volume of customers.
How much does it cost to open an Anytime Fitness franchise?
The cost to open one Anytime Fitness Franchise is approximately US $84,700. Anytime Fitness is a fast-growing chain of gyms with a total of 4,520 locations around the world. The uniqueness of Anytime Fitness centers is that the clubs are open 24 hours and members can access the gym with a secure key card, even when there’s no staff at the gym.
How much does an Anytime Fitness franchise make?
On average, Anytime Fitness franchise generates a yearly revenue of $421,800, and the average yearly profit is $114,611 for Anytime Fitness Franchise owner. Anytime Fitness Revenues and profits vary from franchise to franchise depending on the location and membership fee that customers pay. Company provides assistance in setting ...
How to become a franchise owner for Anytime Fitness?
1. Company’s Financial Team will review your financial status and Liquid assets and if you are approved then you become a qualified applicant for Anytime Fitness Franchise. You will then be contacted by a member of the company’s New Business Development Team who will guide you further to complete the process of owning a Franchise. Completing the required steps does not guarantee acceptance into the Anytime Fitness, LLC franchising system as there other steps that need to be fulfilled by the prospective franchise owner such as permission from the local authorities to open a Gym at the chosen location, submitting a Business plan and personal financial statements .
What is the fee structure for Anytime Fitness?
Anytime Fitness has a fee and financial requirement structure that is similar to most other franchises, both in the gym industry and beyond. Franchisees must meet minimum net worth and liquid assets (i.e. cash) requirements to be considered.
What percentage of lease savings does a franchisor achieve?
Lease Renegotiation Program: 5percent of any lease savings the franchisor achieves for the franchisee.
Where is Anytime Fitness located?
Anytime Fitness has made history as it opened a Gym in Antarctica in 2019, which made it the only Fitness company in the world to have presence in all the seven continents of the world. Buying a Gym Franchise in a highly competitive fitness market has it’s own risks and downside so before investing, you should have a clear idea about ...
How much does Healthy Contributions cost?
Also, currently, $1.50 initial member fee for each member the franchisee enrolls on the Healthy Contributions website, and $3 for each member enrolled by Healthy Contributions.
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 members does Anytime Fitness have?
Largest presence of any fitness franchise. Anytime Fitness is the first franchise on all 7 continents, with over 4,700 territories sold and 4 million members worldwide.
Why do 60% of franchisees own more than one club?
60% of our existing franchisees own more than one club because they’ve experienced the success of our business model.
How to contact franchising company?
Take The First Step Today. Tell us a little more about yourself or give us a call at (800) 704-5004 to talk more about franchising opportunities.
Is the fitness industry growing?
The fitness industry is constantly growing which means success for our franchisees. It also gives us a meaningful purpose to change the lives in our communities for the better.
