How Much Does A 24 Hour Fitness Franchise Cost?

Can you workout at any 24 Hour Fitness?

Any Club Workout tomorrow.

Access any 24 Hour Fitness regardless of your membership type – you just need to show your membership card.

Your membership is good at any 24 Hour Fitness on 1/15..

What is the best gym franchise to own?

9 of the Best Gym Franchises to Buy in 2020Orangetheory Fitness. … Planet Fitness. … Crunch Fitness. … Pure Barre. … The Bar Method. Initial franchise fee: $52,000. … UFC Gym. Initial franchise fee: $30,000 to $50,000. … Jazzercise Inc. Initial franchise fee: $1,250. … Gold’s Gym. Initial franchise fee: $32,000 to $40,000.More items…•

How do I reserve a workout at 24 Hour Fitness?

To reserve your workout:Download our free 24GO® app from the App Store or Google Play.Tap the “Reserve a Workout” button within one calendar day of your desired workout time to find clubs and time slots that are available near you.

What company owns 24 Hour Fitness?

AEA Investors24 Hour Fitness® is owned by AEA Investors, Ontario Teachers’ Pension Plan and Fitness Capital Partners. During his career, Roussos has driven the success of fast-growth, multi-unit companies.

How much does a gym franchise owner make?

So let’s take an average of the two Williams to see what sort of salary is achievable for an owner of one gym – $143,000. When you factor in that these are both relatively new gyms with growing membership rates, you should be expecting to earn more as your business grows, providing you keep costs in check.

What is the cheapest gym to join?

Five most affordable gym membershipsPlanet Fitness. Planet Fitness advertises itself as a gym for people who don’t like gyms, with ads referring to every Planet Fitness location as a “Judgement Free Zone.” … Cardinal Fitness. … Your Local YMCA. … Gold’s Gym. … LA Fitness.

Does Shaq own 24 Hour Fitness?

Shaq also has investments outside of the food industry. He reportedly owns 40 24-hour fitness gyms and 150 car washes, according to The Hustle.

How long can you freeze your 24 Hour Fitness membership?

12 monthsThe maximum length of an extended freeze is 12 months. If 24 Hour does not receive notification to reactivate or further extend your freeze within 12 months, your membership agreement will be terminated.

Who bought out 24 Hour Fitness?

San Ramon, California-based 24 Hour Fitness had roughly $1.5 billion in sales in 2019, and less than $1 million in cash, according to Moody’s. 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.

How much do 24 Hour Fitness employees make?

Average 24 Hour Fitness hourly pay ranges from approximately $8.58 per hour for Associate to $30.00 per hour for HVAC Technician. The average 24 Hour Fitness salary ranges from approximately $17,324 per year for Housekeeper to $73,194 per year for Management Trainee.

Is a gym franchise a good idea?

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.

Is 24hr fitness a franchise?

Anytime Fitness franchises offer a business and product that people need and enjoy in the fitness industry consisting of 24-hour co-ed fitness clubs.

How much is 24 Hour Fitness worth?

1 in the world by revenues, 24 Hour Fitness Worldwide Inc. has signed an agreement with Forstmann Little & Co., a New York private investment firm, to acquire the company for approximately $1.6 billion — the largest-ever transaction in the health-club industry.

Does 24 Hour Fitness allow guests?

Bring a guest with you when you work out tomorrow 24 Hour Fitness. It’s a great way to kick off your weekend. Donâ t forget to bring a guest for free… Donâ t forget to bring a guest for free tomorrow.

What is a good profit margin for a gym?

According to the 2017 IHRSA Profiles of Success, the “Pro-Shop/Retail” category yields a median margin of 16.5% for all clubs; 15.5% for multipurpose clubs; and 20% for fitness-only clubs. For facilities that are part of a chain or multi-club group, the figure is 22.6%; and for independent clubs it’s 12.7%.

How can I open a gym with no money?

Starting a Fitness Business With No MoneyBe Realistic. It is a key aspect of keeping your budget down when starting your first fitness business. … Use Low-Cost or Free Marketing Techniques. You could use business cards or paid referrals to market yourself at a low cost. … Use Free Resources. … Don’t Overdo It.

How much is it to start a 24 Hour Fitness membership?

Want to get your family and friends to j… …and friends to join you in the club? Add a family member to your monthly payment membership for $0 initiation fee and only $29.99 monthly dues. The Keep Fit All-Club Sport membership includes access to over 350 clubs or $26.99 monthly dues for Keep Fit One-Club Sport.

How much does the CEO of 24 Hour Fitness make?

24 Hour Fitness CEOS earn $70,000 annually, or $34 per hour, which is 53% lower than the national average for all CEOS at $121,000 annually and 6% higher than the national salary average for ​all working Americans.