Is Anytime Fitness a good franchise to own? On the Franchise 500 list published by Entrepreneur magazine in 2016, Anytime Fitness was listed as the 10th best franchise in the country.
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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).
What is the best fitness franchise I can use?
Franchises can be a great way to tap into this rising tide. In Entrepreneur’s annual franchise list, there were 5 fitness brands in the top 100. These are…. #8 – Planet Fitness. #30 – Anytime Fitness. #41 – F45 Training. #50 – Crunch. #90 – Burn Boot Camp. But there are numerous other options in the top 500.
What is the monthly cost for Anytime Fitness?
Prices for Anytime Fitness vary by location, but if we talk about the monthly membership of Anytime Fitness, it is $ 38.99 per month, That means you have to pay $ 9.74 for a week, which is highly reasonable considering its services, state-of-the-art equipment, and upscale facilities.
How much does an Anytime Fitness owner make?
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.
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Is Anytime Fitness a profitable franchise?
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.
What does the average Anytime Fitness 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.
How much do fitness franchise owners make?
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. You have to be aware of some fees and additional costs because these will quickly cut into your profit margins.
What is the most profitable franchise?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
How does Anytime Fitness make money?
How does an Anytime Fitness club create revenue? The majority of your revenue will come from membership sales. We will recommend a monthly dues program with a one-time enrollment fee. Each member has the option to pay in full or pay dues each month via EFT (Electronic Funds Transfer).
How much does it cost to own 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 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?
Main Challenges Faced by Gym Owner:Finance Management: Managing finances is one of the most common problems that gym owners face. ... Staff Dealing: The next problem that gym owners face is dealing with staff. ... Lack of Client Base: Building a successful business is not easy. ... Keep Members Happy: ... Get a Good Location for Gym:
Is running a gym profitable?
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.
Do franchise owners make money?
Franchise Business Review found that the average annual pre-tax income of franchise owners in America is $80,000. Only 7% of franchise owners make more than $250,000 annually, and 51% earn less than $50,000. Legally, franchisors cannot give income amounts or forecasts of future income.
Which franchise is best in 2022?
Franchises provide a strong corporate and management framework, plus marketing, merchandising and production support....Bluevine Business CheckingDunkin' ... Anytime Fitness. ... Planet Fitness. ... Orangetheory Fitness. ... Primrose Schools. ... Kiddie Academy. ... Kumon Math and Reading Centers. ... Ace Hardware.More items...•
Are franchises worth it?
Franchises have a higher rate of success than start-up businesses. You may find it easier to secure finance for a franchise. It may cost less to buy a franchise than start your own business of the same type.
Who is CEO of Anytime Fitness?
Chuck Runyon (Jan 2010–)Anytime Fitness / CEO
How many customers does Anytime Fitness have?
Worldwide, Anytime Fitness serves more than 2.5 million members on five continents.
What is Planet fitness annual revenue?
Compare PLNT With Other StocksPlanet Fitness Annual Revenue (Millions of US $)2019$6892018$5732017$4302016$3785 more rows
Which countries have Anytime Fitness?
All LocationsAustralia.International.Bahrain.Belgium.Canada.Cayman Islands.Chile.China.More items...
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.
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 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.
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.
Background
The health and fitness industry is a multi-billion dollar industry that allows people to achieve their life-long goals for their physical, spiritual and mental health. Physical wellness isn't the only thing that matters in terms of our overall health. The Anytime Fitness franchise exemplifies what it means to serve customers well on a daily basis .
Support and Training Offered By Anytime Fitness
In terms of support and training, the Anytime Fitness franchise offers franchisees 15-25 hours of on-the-job training, as well as 61 hours worth of classroom training. Franchisees can also expect to receive on-going training after the gym is open. The franchise also offers third party franchising options.
Franchises Similar to Anytime Fitness
The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises.
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.
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 .
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 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.
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 ...
What are franchisees' opportunities to create additional revenue streams?
In addition to membership fees, franchisees have opportunities to create additional revenue streams by offering certified personal training, tanning and vending. The company will assist with these decisions as well.
How much does Anytime Fitness cost?
Anytime Fitness fits firmly in the mid-range when it comes to gym membership cost.
What is the best alternative to Anytime Fitness?
The best alternative to Anytime Fitness, if you’re looking at other options, is definitely LA Fitness.
Why do people like to go to the gym anytime?
People tend to be drawn toward Anytime for two reasons: They’re easy to find. They’re extremely convenient with 24/7 open hours. Fitness can be a tough habit to keep, so these two factors can be the difference between going to the gym consistently for years or flaking out after a couple of months.
How much does it cost to sign up for a golf club?
You can often expect the sign-up fee to be around $80-100, however these vary greatly at each individual club around the country, as does the exact member rate.
Is every gym chain the same?
Not every Anytime Fitness (or any gym chain, for that matter) has exactly the same stuff. Some are bigger or smaller than others with more or less variety.
Is Anytime Fitness a good gym?
Anytime Fitness is a reasonably priced gym with exceptional convenience and a pretty good selection of equipment and group fitness classes. Each franchise is run by different management, but in general, people tend to be happy with the staff at Anytime.
Does Anytime Fitness have a pool?
One major downside to joining Anytime Fitness is that none of their locations have a pool or any aquatic features (like a hot tub, sauna, steam room, etc.)
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