Franchise FAQ

is 24 hr fitness a franchise

by Skylar Shanahan Published 2 years ago Updated 1 year ago
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24 Hour Fitness is a privately owned and operated fitness center chain headquartered in Carlsbad, California.

Full Answer

How much does 24 Hour Fitness franchise cost?

The franchise fee is $30,000. Anytime Fitness, a 24-hour key club, estimates that the total initial investment is $44,074 to $300,074. The initial investment to start a Snap Fitness, another 24/7 key club, begins at $77,000 and usually doesn't exceed $250,000, including all necessary working capital. The franchise fee is $15,000.

How much does 24 Hour Fitness pay per hour?

Use our tool to get a personalized report on your market worth. What's this? 24 Hour Fitness Inc. pays its employees an average of $17.49 an hour.

What are annual fees on 24 Hour Fitness?

Yes, 24 Hour Fitness does have an annual fee. Every year, 24 Hour Fitness charges an additional $49.99 alongside the monthly dues from the members. Members have to pay this amount every year during the second month, with respect to the date of enrolment of membership.

Does 24 Hour Fitness have a guest pass?

This guest pass can be used at any 24 Hour Fitness gym. To utilize the 3-day guest pass, you must have a photo ID with you. A guest pass for 3 days is only available to individuals who have not been members or guests of 24 Hour Fitness in the previous 6 months.

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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.

Who Owns 24 Hour Fitness stock?

It is controlled by AEA Investors, which acquired it through a $1.8 billion deal with Fitness Capital Partners and Ontario Teachers' Pension Plan in 2014.

What is the largest fitness franchise?

The Complete ListRankFranchise Name1StretchLabView Franchise2The Exercise CoachView Franchise3Alloy Personal TrainingView Franchise49Round FitnessView Franchise73 more rows

How much is 24 Hour Fitness net worth?

Fitness financials: 24 Hour Fitness sold for $1.6 billion, plus Saucony, Gaiam, TSI, Nautilus, Brunswick, adidas, Big 5, Everlast, Wal-Mart, LA Gym.

How many 24 Hour Fitness locations are there in the US?

28724 Hour FitnessTypePrivateHeadquartersCarlsbad, California , United StatesNumber of locations287Area served11 U.S. statesKey peopleKarl Sanft, CEO7 more rows

Who is the CEO of 24 Hour Fitness?

Karl Sanft (Jun 2022–)24 Hour Fitness / CEO

What is the most profitable fitness franchise?

The Top Gym and Fitness Franchises of 2022Jazzercise. Jazzercise is the kind of fitness franchise that has been around long enough that you might think it must be woefully out of date, but you'd be wrong. ... Anytime Fitness. ... Planet Fitness. ... F45 Training. ... Orangetheory Fitness. ... Snap Fitness. ... 9Round. ... Club Pilates.More items...•

What is the most popular gym franchise?

The state of the gym franchise industry in 2022 The four biggest players in the gym and franchise industry are Orangetheory Fitness, Anytime Fitness, Planet Fitness, and Snap Fitness.

What is the largest gym chain in the US?

24 Hour Fitness is the largest privately held fitness chain. Its 400+ clubs can be found in 17 states (as well as Asia as “California Fitness” clubs).

Where is 24 Hour Fitness headquarters?

San Ramon, CA24 Hour Fitness / HeadquartersSan Ramon is a city in Contra Costa County, California, United States, located within the San Ramon Valley, and 34 miles east of San Francisco. San Ramon's population was 84,605 per the 2020 census, making it the 4th largest city in Contra Costa County, behind Richmond, Concord and Antioch. Wikipedia

When did 24 Hour Fitness start?

198324 Hour Fitness / Founded

How much did Mark Mastrov sell 24 Hour Fitness for?

Company Transactions: Mastrov sold 24 Hour Fitness in 2005 to private equity firm Frostmann Little for $1.6 billion.

How much did Mark Mastrov sell 24 Hour Fitness for?

Company Transactions: Mastrov sold 24 Hour Fitness in 2005 to private equity firm Frostmann Little for $1.6 billion.

Who is Tony Ueber?

Former Chief Executive Officer, 24 Hour Fitness Worldwide Inc.

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Where is 24 Hour Fitness headquarters?

San Ramon, CA24 Hour Fitness / HeadquartersSan Ramon is a city in Contra Costa County, California, United States, located within the San Ramon Valley, and 34 miles east of San Francisco. San Ramon's population was 84,605 per the 2020 census, making it the 4th largest city in Contra Costa County, behind Richmond, Concord and Antioch. Wikipedia

What is 24GO app?

The app provides touch-free club check-in, as well as over 1,000 free on-demand workouts to support fitness at home or in the club. It also serves as a gateway to 24GO Plus ™, a premium digital subscription featuring customizable Smart Workouts, audio coaching, access to more than 50 weekly, live-coached virtual group training sessions and more. 24GO Plus ™ is included at no extra cost with 24 Hour Fitness membership. 24 Hour Fitness also offers the 24GO TV ™ workout channel, with free streaming content available 24/7 through the 24GO® app and on YouTube.

What is 24 hour fitness?

Celebrating over 35 years as an industry leader, 24 Hour Fitness helps to transform lives every day through fitness. Clean and spacious clubs, furnished with a wide variety of strength, cardio and functional training equipment, offer a welcoming environment for members to achieve the results they’re looking for.

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What is UFC Gym?

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What is Club Pilates?

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How long has the exercise coach been around?

The Exercise Coach has been inspiring and empowering even the unlikeliest of exercisers since 2000.

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