FAQ: How Much Is A Anytime Fitness Franchise?

How much do Anytime Fitness owners make?

Revenue and Profits 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.

Is Anytime Fitness franchise profitable?

But the Anytime Fitness franchise dominates the market surpassing all other franchises by the pervasiveness of locations alone. The company’s revenue has arrived at $1 billion in sales revenue and claims to open a location every day with a member joining every 3 minutes.

How much does it cost to start an Anytime Fitness franchise?

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.

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How much does it cost to 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 (Yes – $1,000-$8,500 off franchise fee).

Is there money in opening a gym?

Startup Cost A small Crossfit style gym may start as low as $10,000. A larger facility with more equipment would see start-up costs well into 6 figures. Take time to decide how to fund these start-up costs. It could be by personal savings, private loans from friends or family, or a small business loan from a bank.

Is it worth owning an Anytime Fitness?

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.

Is a gym a good business to start?

Starting a profitable gym isn’t cheap. Just the basic one requires a $10,000-$50,000 investment, according to Entrepreneur. A one-of-a-kind, high tech gym can easily run your budget into six figures. You’ll also need some cash flow along the way.

How much does a 24 hour fitness franchise cost?

And, they are both growing at a rapid pace. Investing in one of these types of fitness franchises will cost you between $175k-$200k total and you’ll want to be a multi-unit owner. As an owner, you are not really expected to physically run the clubs.

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How much does a gym franchise owner make?

Gym Owner Salary

Annual Salary Monthly Pay
Top Earners $140,000 $11,666
75th Percentile $78,000 $6,500
Average $65,685 $5,473
25th Percentile $26,500 $2,208

What is Anytime Fitness net worth?

Anytime Fitness is a franchise of 24-hour health and fitness clubs that is headquartered in Woodbury, Minnesota, United States. The company operates over 4,000 franchised locations in 50 countries. Anytime Fitness.

Exterior view of an Anytime Fitness from Rosemount, Minnesota.
Revenue US$1.45 billion
Website anytimefitness.com

Do franchise owners make money?

Pro: You can earn a decent income On average, franchise owners earn $60,000 a year, according to the jobs website CareerBliss. Of course, that means many franchise owners make more — and many make less.

What is the best franchise to buy?

Best Franchises to Buy

  • McDonald’s.
  • 7-Eleven.
  • Dunkin’
  • The UPS Store.
  • Popeyes.
  • Sonic Drive-In.
  • Great Clips.
  • Taco Bell.

How do I start my own gym?

Start a gym by following these 9 steps:

  1. STEP 1: Plan your business.
  2. STEP 2: Form a legal entity.
  3. STEP 3: Register for taxes.
  4. STEP 4: Open a business bank account & credit card.
  5. STEP 5: Set up business accounting.
  6. STEP 6: Obtain necessary permits and licenses.
  7. STEP 7: Get business insurance.
  8. STEP 8: Define your brand.

How much does it cost to start a gym?

Initial Costs to Start a Gym If you’re looking to open a gym, we can start off by saying you should expect to save anywhere between $15,000-$100,000. Pretty wide range, right? That’s why it all depends on your location’s area, demographic, rental options, loan choices, and financing choices.

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How do I get a Anytime Fitness franchise?

Anytime fitness opened its first center in Delhi and has eight fitness clubs in the country at the moment. According to a rough estimate, it involves Rs 1 to 1.5 crore of investment to set up one club in India and Rs 10 lakh is charged as one-time fee for franchisee.

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