See more
How much does a Anytime Fitness franchise owner 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.
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.
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.
Are fitness gyms profitable?
In addition, you can expect to work long hours, often including early mornings and late nights. While owning a gym can be profitable, it is not a get-rich-quick scheme. Those who are successful in this business are those who are willing to put in the hard work.
Can you get rich Owning a franchise?
The bottom line is that while a franchise can make you independently wealthy, it isn't a guarantee. Choosing the right business in the right industry, and going in with preexisting entrepreneurial experience and/or existing wealth can help, but your income-generating potential may still be somewhat limited.
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...•
Is opening a gym a good investment?
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 toughest thing about being a gym owner?
Consistent Revenue Revenue is the main concern for gym owners. After all, it is what keeps your business running. Revenue pays your employees, the light bill, heat & air, new equipment, and just about anything you can think of that is important to maintain your gym.
How much money do small gym owners make?
What Is the Average Gym Owner Salary by StateStateAnnual SalaryMonthly PayCalifornia$74,068$6,172Idaho$73,837$6,153New Hampshire$72,141$6,011Vermont$70,560$5,88046 more rows
How much should you invest in a gym?
Think somewhere between $10,000 for a personal studio to $50,000 for a fully-equipped commercial gym. Be sure to shop around—and keep in mind you can often get a discount if you purchase the equipment in sets as a complete package. Certifications – having a professional, certified staff is a big plus.
How do small gyms make money?
Gym owners bring in revenue from a variety of sources, including membership fees, class fees, and personal training fees. The amount of money gym owners make varies depending on how successful they are in attracting new members and retaining current members.
Is it hard to own a gym?
The fitness industry has become hyper-competitive and becoming a successful gym owner is getting harder and harder. In fact, while there is massive potential in owning a fitness business, 8 out of 10 of them will fail in their first year.
How much does a 7/11 franchise owner make?
The average salary for a Franchise Owner is $68,168 per year in United States, which is 51% lower than the average 7-Eleven salary of $140,208 per year for this job.
Which is the best franchise to own in USA?
Top 100 Franchises 2022RankNameCountry1KFCUnited States of America27-ElevenUnited States of America3McDonald'sUnited States of America4Marriott InternationalUnited States of America16 more rows
What company makes the most money?
This list comprises the world's largest companies by consolidated revenue, according to the Fortune Global 500 2022 rankings. American retail corporation Walmart has been the world's largest company by revenue since 2014....List.Rank1NameWalmartIndustryRetailRevenueUSD Millions$572,754Profit$13,67349 more columns
Are franchises a good investment?
If you're a fledgling entrepreneur or a seasoned business person wanting to diversify your holdings, you've probably wondered, “Are franchises a good investment?” The simple answer is yes, especially if a great opportunity presents itself. There is an obvious appeal to starting a business via buying a franchise.
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.
Who owns Anytime Fitness in Pennsylvania?
4. Finding success in Pennsylvania are multi-unit operators Larry Appell and David Sabo who joined the franchise system in 2013 and now own more than 20 Anytime Fitness gyms, three of which are open and operating in Pennsylvania. The duo also owns eight additional licenses across the state with recent lease signings in Clearfield and Huntingdon.
What is the fourth source of revenue for Anytime Fitness?
A fourth source of revenues is one-time enrollment fees for new members , but these fees are not charged by all centers and the fees are not consistent between centers. A fifth source is vending income, which some centers do not have and is, in any event, minimal. Thus, Anytime Fitness does not provide information on these additional revenue sources.
How much does the HeartFirst grant for Move With AF event?
13. In addition to the initial $300,000 grant, the HeartFirst Charitable Foundation granted $1 for each 30-minute workout logged in the “Move With AF Event” on the Kilter mobile app during December (up to $50,000). Anytime Fitness drove engagement with the “Move With AF Event” to increase donations through its clubs and marketing efforts. In January, when new members signed up to join Anytime Fitness for $1 at participating locations, Anytime Fitness also donated $1 (up to $90,000) to the Movemeant Foundation.
What is section 1 of Anytime Fitness?
Section I – Background information on the Anytime Fitness franchise opportunity, including relevant news updates
How many countries are there in Anytime Fitness?
Over the next decade, Anytime Fitness continued to expand rapidly around the world. Today, there are Anytime Fitness locations across 50 countries and all seven continents, including Antarctica through the cruise ship Magellan Explorer.
When was 18. Anytime Fitness founded?
18. Anytime Fitness was founded in 2002 by Chuck Runyon, Dave Mortensen, and Jeff Klinger in St. Paul, Minnesota. The business partners and friends first met in the early 1990s while working for the same fitness club. In 1995, they ran their first joint business after they purchased Southview Athletic Club. Under their ownership, Southview grew from 500 to 4,000 members over seven years.
How many outlets are there at the end of the year?
Outlets at the End of the Year: 28
What is an anytime fitness?
Anytime Fitness is a 24 hour, seven days a week. 365-days-a-year exercise facility. All locations come equipped with aerobic and weight training equipment, changing areas, and showers. Members receive key-card access with a panic button.
How many members does Anytime Fitness have?
The company has over 3 million members. Anytime has over 2,255 U.S. owned franchises, while 1,240 locations operate internationally. 38 franchise locations are retained by corporate. The Anytime Fitness franchise, along with thousands of other thriving gym franchises have changed the landscape of the fitness industry.
What are some gym franchises?
Any style of person with any varying styles of working out can find a gym franchise to their liking. Gym franchises like Orangetheory, Snap Fitness, and Planet Fitness are all recognizable brands with cult-like followings.
What time does Anytime workout?
On Average, most members exercise between 6 a.m. and 9 p.m., with 11 members working out between 9pm and midnight, and five members that prefer the early morning between 1 a.m. and 5 a.m.
Where is Anytime Fitness located?
After watching their athletic club grow the two drew up the first franchise agreement with another employee Eric Keller and the first Anytime Fitness franchise location opened in Cambridge, Minnesota. (Keller is now Vice President of International Franchise Support for Anytime).
Who bought Southview Athletic Club?
Chuck Runyon and Dave Mortensen were working for a fitness club in St. Paul when they decided to jointly purchase Southview Athletic Club. At the time, the club only had 500 members. 7-years-later the club swelled to 4,000 members thanks to work of Mortensen and Runyon.
When did the fitness industry start?
The fitness industry was first put on the scene by the baby boomers from the late 1960s through the early 1970s. During the ‘Golden Era of Health,’ many Americans found new ways to exercise by joining health clubs.
How much profit does a franchise make?
It is hard to say how much profit a specific franchise will make because it depends on several factors, such as location, how many hours the owner is dedicating to the business, if owner is following recommendations from the franchisor, what time of the year the franchise opens and etc. However, there are a few ways to have a better idea of how much a franchisee can make, this being for Anytime Fitness or any other franchise brand.
How to find out how much a franchise makes?
The first is to look at the item 19 in the Franchise Disclosure Document which is their financial earnings claim. Not every franchise has one which is no reason to say its a bad franchise, they may just not have enough data to make a legally binding claim. The item 19 can be broken down in several ways from gross profit to top/bottom line revenue, etc.
What should a potential franchisee do first?
The first thing a potential franchisee should do is to analyze the FDD, some franchises disclose Item 19 which shows some financial information. You can find more de
What to do if a franchise doesn't talk to you?
If they do, make sure to have your top three questions in order, and make sure you have plenty of other valuable questions ready to ask. Conduct at least 100 hours of research into that franchise before attempting to contact the CEO.
Is it similar to building a partnership to franchise?
Remember going for a franchisee is almost similar to building a partnership business. Only when the team is right, the business will become successful & Profitable.
Do tanning beds increase revenue?
Certain locations have tan ning beds, which also increase revenue as well as vending machines. When clients sign up for personal training, the trainers receive a commission (and possibly an hourly wage) for the sessions and the gym gets the rest of the money.
Is fitness a good idea?
So yes ! Fitness is a very good idea anytime because more and more people become councious of the problem that the "junk food industry" represents and they try to become fit and healthy ! 2 things that ar crucial in this business are the location of the gym and the team of trainers.