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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 does it cost to open a gym franchise?
between $30,000 and $300,000The 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 Anytime a franchise?
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 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 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...
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...•
How do I invest in Anytime Fitness?
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.
How much do Anytime Fitness franchisees 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 start a F45?
The cost to start a F45 Franchise will include the following: Total Investment: The total investment necessary to begin operation of a “F45 Franchise” franchise ranges from $227,000 – $312,000. Initial Fees: Initial franchise fee: $50,000.
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.
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.
Do gyms make a lot of money?
A well-run gym with a good mix of members can generate a lot of revenue. For example, a gym with 1,000 members paying $50 per month could generate $50,000 per month in revenue. If the gym has expenses of $20,000 per month, then it would have a profit of $30,000 per month.
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.
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.
Is owning a Planet Fitness profitable?
Planet Fitness is a profitable business for the franchisor, with retained earnings of $210 million in 2021. Compared to $145 million in 2020, they saw an increase of 44% from 2020 to 2021. This is a good indication of high growth as a company overall.
How much does it cost to franchise a Planet Fitness?
Planet Fitness's franchise fee is $10,000 for a 10-year renewable agreement, though the total investment ranges from $700,000 to $3.8 Million. Franchisees must also pay a 5% ongoing royalty fee on all sales to Planet Fitness. To open a gym, a franchisee must have of $3 million with $1,500,000 in liquid assets.
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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 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.
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 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 much liquid capital do you need to invest in a company?
Interested parties should have at least $100,000 in liquid capital to invest.
What is marketing support?
MARKETING SUPPORT - We conduct an analysis of area demographics, market factors, and competition in your desired territory. We’ll also assist you in creating marketing assets and optimizing your digital presence.
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 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.
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 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.
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 does absentee ownership mean?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
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.
What is included in the initial investment?
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
What is a military discount?
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
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 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.
How will I know if my market is big enough?
We can help you determine which city offers a viable market and also offer assistance on selecting an appropriate site, both of which will get your franchise off to a great start.
Will I be given help with selecting a site and building my club?
As much help as you request. Remember, your success is our success. Therefore, we will do whatever it takes to get you started in the right manner.
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.
