How to open an Anytime Fitness franchise?
- Ensure you have adequate capitalization. In order to open a Anytime Fitness club franchise, you must have a net worth of more than $300,000.
- Appreciate the investment required for a gym franchise. ...
- Evaluate your prior experience and strengths. ...
- Assess market availability. ...
- Submit your application. ...
- Receive approval & opening your Anytime Fitness franchise. ...
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Is owning an Anytime Fitness profitable?
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 do I become a partner at Anytime Fitness?
How to Get InvolvedContact Your Local Gym Staff.Propose an Activation.Contact Your Local Chapter.Sponsor/Coach a Team/Athlete.
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.
How much money do you need to franchise a gym?
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.
What is the minimum term for Anytime Fitness?
At Anytime Fitness, you'll find varying membership options dependent on your location. Some gyms offer 6, 12 and 18-month options, but you'll need to check with your local Anytime Fitness to learn about the different types of membership plans available.
What is a corporate membership gym?
What is corporate gym membership? This can be offered to staff by their employers on a paid-for or discounted basis, providing access to a gym, health club, leisure or sports centre, or even exercise classes, as part of a voluntary or flexible benefits package.
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 most profitable fitness franchise?
TOP FITNESS FRANCHISESWEEK OF OCTOBER 30, 2022#1 RANKED FRANCHISE. StretchLab. ... #2 RANKED FRANCHISE. The Exercise Coach. ... #3 RANKED FRANCHISE. Alloy Personal Training. ... #4 RANKED FRANCHISE. Soccer Stars. ... #5 RANKED FRANCHISE. BFT. ... #6 RANKED FRANCHISE. Yoga Six. ... #7 RANKED FRANCHISE. CycleBar. ... #8 RANKED FRANCHISE. 9Round Fitness.More items...
Is it worth buying a gym franchise?
A gym franchise gets most of its revenue from membership fees, but it can also provide plenty of other ways to earn extra income. Personal training, classes, selling gym apparel, consumables and health and weight-loss products are just some of these ways.
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...
How much does it cost to open a workout anytime?
Opening Your First Workout Anytime Per our Franchise Disclosure Document (FDD), Franchise Partners can expect to make a total investment of approximately $967,350 – $2,071,550. The exact amount you will invest depends on several factors, including the location and size of the club.
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.
What is Anytime Fitness royalty fee?
Anytime Fitness franchise fees for 2022: Royalty Fee $449-$699/mo.
How can I get out of my Anytime Fitness contract?
Go to their front desk executive, and say you wish to cancel your membership. They will then have a conversation with you regarding why you wish to cancel your membership, from which date you want to cancel your membership, etc. Then, they will give you the Anytime Fitness cancellation form.
Who owns Anytime Fitness Australia?
Collective Wellness GroupAnytime Fitness Australia is owned by Australia's leading health and fitness franchise management company, Collective Wellness Group, who also includes Orangetheory Fitness and Xtend Barre in its portfolio of brands.
Who is the CEO of Anytime Fitness?
Chuck Runyon (Jan 2010–)Anytime Fitness / CEO
How often do you have a new member at Anytime Fitness?
A new member every minute - At Anytime Fitness, we have a new member join one of our clubs every minute of every day.
How long is Anytime Fitness training?
With Anytime Fitness, the training never stops. Initially, we have a mandatory, two-week training course at our corporate office in Minnesota. Once the two-week training is complete, we provide daily or weekly assistance via the phone, onsite visits, email communications, and various publications. Assistance is available for as long as you need it. There is no additional cost for this valuable training and assistance.
How many territories 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.
Is Anytime Fitness a business?
We offer a business and product that people need and enjoy, in an industry that continues to grow every year. With Anytime Fitness, you're in business for yourself, not by yourself.
How much does an Anytime Fitness franchise business cost?
A minimum initial franchise fee of £122,000 is required, with additional funding available from leading banks, including Barclays, Natwest and Lloyds Bank, who can fund up to 70 per cent of the turnkey costs. Franchisees can expect operational breakeven in the first month of trading and a return on capital investment in their franchise business within 18 months.
What training and support does Anytime Fitness provide franchise owners?
For anyone considering becoming an Anytime Fitness franchisee, there is a chance to attend a free Discovery Day. This provides the chance to meet senior, executive members of the team and find out more about the opportunities available and the profit potential of owning an Anytime Fitness health club.
How does the Anytime Fitness gym franchise model work?
The Anytime Fitness franchise model allows both single and multiple site ownership and offers significant earning potential in the growing fitness sector , which is currently worth over £5bn.
What does Anytime Fitness look for in its franchisees?
Anytime Fitness is looking for potential owners who are passionate about improving the health of the nation and making a difference in people’s lives.
Why is an Anytime Fitness franchise a good investment?
Franchising with Anytime Fitness gives you the opportunity to improve the health and wellbeing of your local community, while positively changing lives.
What are the Anytime Fitness franchise terms of agreement and renewal?
Anytime Fitness franchisees have a choice of a five- or 10-year agreement, allowing them to select a model that suits them, in line with property lease and funding terms. The same agreement options are available on renewal.
How in demand are health and fitness services right now?
The UK health and fitness industry is worth more than £5bn (2019 State of the UK Fitness Industry Report) with one in seven people in the UK being a member of a gym.
What is a 24 hour fitness franchise?
The integration of proprietary access software, security and surveillance technology allows owners to operate safe and secure clubs with greatly reduced staffing needs. The exclusive access system allows a club to be open on a 24- hour basis.
How long is a franchise agreement?
5 years. Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease.
What is the franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
What is royalty fee for franchise?
This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
What is the mantra of Anytime Fitness?
Our mantra at Anytime Fitness is “Passion. Purpose. Profit. Play.” We feel that not only are you investing in a fast-growing industry but you’re also taking part in something to truly believe in. We’re transforming lives and building strong relationships every single day.
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Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
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Is Anytime Fitness open?
The company operates over 4,000 franchised locations in 30 countries. The gym facilities are open 24 hours a day, 365 days out of the year. Chuck Runyon, Dave Mortensen, and Jeff Klinger founded Anytime Fitness in 2002. Runyon is the CEO of the company. According to Forbes, Anytime Fitness was the fastest growing health club franchise in 2014. In 2015, Entrepreneur Magazine ranked Anytime Fitness first on its global franchise list.
How much is the franchise fee for Anytime Fitness?
How much are the franchise fees? In comparison to other franchises, the fees for Anytime Fitness are considerably lower. Our fee structure includes a one-time $42,500 franchise fee and an ongoing $699 monthly payment. Most franchisors take a percentage of gross sales. With Anytime Fitness, you don't pay fees based on sales totals.
What is the cost to become an Anytime Fitness Master Franchisee?
The costs associated with becoming an international Master Franchisee are typically significantly greater than purchasing an individual franchise. However, the costs vary widely and depend upon the region being considered. The rights fees take into consideration the overall potential of the region, including population and demographics, fitness participation trends, and general economic factors.
What can I expect to make from my business?
Income from each Anytime Fitness club varies based on many variables including market size, demographics, efforts made by owners, competency, and economic factors.* We can put you in touch with many different Anytime Fitness owners, and you can discuss their revenue and income with them. *Item 19 of our Franchise Disclosure Document (FDD) provides you with in-depth information regarding projected annual earnings and revenues.
How much training will I receive?
With Anytime Fitness, the training never stops. Initially, we have a mandatory, two-week training course at our corporate office in Minnesota. Once the two-week training is complete, we provide daily or weekly assistance via the phone, onsite visits, email communications, and various publications. Assistance is available for as long as you need it. There is no additional cost for this valuable training and assistance.
How many hours will I work in my Anytime Fitness club each week?
That decision is completely up to you. Some owners maintain full-time jobs and watch over the operation of their club with occasional check-ups. Other owners operate their Anytime Fitness club as a full-time job. Depending on your circumstances, it can work either way.
Who are the biggest competitors for Anytime Fitness?
Obviously other fitness clubs, community centers, hospital wellness facilities, and YMCAs are direct competitors. We can help you evaluate your competition and explore the possibilities of adding an Anytime Fitness club within your market before you make any commitment.
Do I get an exclusive territory with my Anytime Fitness territory?
Yes. You will be granted an exclusive territory. Your Sales Consultant can discuss with you how Anytime Fitness implements its territory development.
What is the Anytime Fitness business model?
One of the most important components to the Anytime Fitness business model is the ability to minimize payroll costs for club owners while maximizing security and enjoyment for club members.
How many clubs does Anytime Fitness have?
Anytime Fitness is the first and only co-ed fitness franchise in the world with more than 1,200 clubs.
How many square feet is an Anytime Fitness Express?
The Anytime Fitness Express model is designed for clubs with under 2,500 square feet and a market size typically less than 5,000 people. This is an ideal offering for rural markets or as a complement to a full-sized club in an existing territory.
Why are anytime fitness clubs open?
People want to exercise on their own terms: whenever their busy schedules allow, close to their homes or work places – and when they travel. That’s why Anytime Fitness clubs are open 24/7 – allowing members to work out any time of the day or night – even when the clubs are not staffed. It’s also the rationale behind their reciprocity policy: Join one Anytime Fitness club and use more than 1,200 other clubs, in 48 states, Canada, Australia, and New Zealand-at no extra charge.
Is Anytime Fitness a franchise?
Anytime Fitness is a full-service franchise. Qualified franchisees can expect comprehensive support from the corporate headquarters regarding everything from financing to identifying the ideal location for a club to build-out plans, marketing and equipment purchases. Anytime Fitness was honored as a top-low cost franchise by Entrepreneur Magazine .
Do you need a fitness background to own an Anytime Fitness Club?
You don’t necessarily need an extensive background in fitness to own an Anytime Fitness club. They will teach you how to do it.
How much does an Anytime Fitness franchise cost?
Franchisees pay a flat fee of $699 per month for 1-3 centers unlike most franchise systems where franchisees are charged a percentage of sales. The total investment ranges between $78,012 and $521,437 depending on the size of the gym. Anytime Fitness Express centers cost $449 per month.
How often does Anytime Fitness get new members?
Growing Membership - Anytime Fitness gets a new member every minute. At Anytime Fitness, we have a new member join one of our clubs every minute of every day.
What is an anytime fitness center?
Anytime Fitness centers offer members convenient access and one-on-one, small and large group training. The Anytime Fitness franchise offers the opportunity to open a more limited Anytime Fitness Express center. The franchisor has developed an access and security system that allows members of an Anytime Fitness center to have access to any Anytime Fitness center 24 hours a day, automated tanning and vending services, and reciprocal benefits between centers. In limited cases, the franchisor may allow a center to not be accessible 24 hours a day.
How many territories does Anytime Fitness have?
Reasons to Open an Anytime Fitness. Worldwide Presence - Anytime Fitness is the first franchise on all 7 continents, with over 4,700 territories sold and 4 million members worldwide.
Can you have anytime fitness 24 hours a day?
The franchisor has developed an access and security system that allows members of an Anytime Fitness center to have access to any Anytime Fitness center 24 hours a day, automated tanning and vending services, and reciprocal benefits between centers. In limited cases, the franchisor may allow a center to not be accessible 24 hours a day.
