Is Anytime Fitness Franchise Profitable?

Is Anytime Fitness a profitable business?

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 Anytime Fitness cost per month?

Anytime Fitness membership fees and contracts depend on the kind of membership you apply for and the location, but the average cost is typically $30 to $36/month; however, in other clubs, the membership fee is $44 for a single monthly membership and $39 for a 12-month membership.

What franchise makes most money?

10 of the Most Profitable Franchises in 2020McDonald’s. … Dunkin’ … The UPS Store. … Dream Vacations. … The Maids. … Anytime Fitness. … Pearle Vision. … JAN-PRO.More items…•

Why do gyms fail?

GOOD gyms fail not because their coaches are bad; NOT because their bathrooms aren’t pristine; NOT because they’re not “pursuing excellence.” They fail because they don’t have a plan. They might have great intentions and lots of hustle.

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 does an Anytime Fitness franchise cost?

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.

How much does an Anytime Fitness gym owner make?

The typical Anytime Fitness Owner Operator salary is $40,692.

What is the best gym franchise to own?

5 of the Best Fitness Franchises You Can Buy.Anytime Fitness.Orangetheory Fitness.Planet Fitness.Crunch.Jazzercise.

How many members does the average Anytime Fitness have?

806 membersThe average number of members per Anytime Fitness club open at least one year also increased nearly five percent from 769 to 806 members. “As our franchisees and members can attest, one of the key ingredients to our success is the personal attention we offer our customers,” said Chuck Runyon, CEO of Anytime Fitness.

How much does it cost to build a Gold’s Gym?

Gold’s Gym has the franchise fee of up to $40,000, with total initial investment range of $2,218,250 to $5,000,500.

Are franchises worth it?

For those who want to become part of a franchise, there is one common question: Is entering a franchise worth it? The short answer: yes, if you and the franchisor do your parts. You will have a lot of business advantages when you decide to franchise. However, there is heavy financial risk, as with any new business.

What is the cheapest franchise to start?

Low-Cost/Cheap FranchisesCruise Planners. Franchise fee: $10,995. Initial investment: $2,095 to $22,867. … SuperGlass Windshield Repair.JAN-PRO.Jazzercise. Franchise fee: $1,250. Initial investment: $2,500 to $38,000. … Dream Vacations. Franchise fee: $495 to $9,800. Initial investment: $3,245 to $21,850.

How much does a 24 hour fitness franchise cost?

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.

How much profit does a gym make?

Increase membership revenues – If membership at your gym is $1,000 per year, you only need 100 members to turn over $100,000 in annual revenue. But adding just one new member every week puts annual revenues at $152,000. Adding two new members per week puts it at $204,000.

What business should I start with 20k?

Top Franchises Under 20kDream Vacations. If you’ve got a passion for travel, why not turn it into a lucrative business? … Mosquito Minus. Another affordable franchise for under $20K is Mosquito Minus. … Ambit Energy. … America’s Tax Office. … Java Dave’s Coffee. … ClaimTek. … Jazzercise. … Maid Simple.More items…•

Why I quit being a personal trainer?

I quit being a personal trainer for three simple reasons; money, disillusionment, and career progression. These are the same reasons that thousands of other personal trainers have quit the industry too. They can’t earn enough money, lose faith in what they’re doing, and no longer see it as a long-term career.

Is a gym a good business to start?

If you’re a fitness guru, you may be looking for a way to profit from your passion. You may also be wondering is opening a gym profitable. … It’s the first step to start planning financially for your gym. Having enough funding is a key factor in running a successful fitness business.

How do I start my own gym business?

Start a gym by following these 9 steps:STEP 1: Plan your Business. … STEP 2: Form a legal entity. … STEP 3: Register for taxes. … STEP 4: Open a business bank account & credit card. … STEP 5: Set up business accounting. … STEP 6: Obtain necessary permits and licenses. … STEP 7: Get Business Insurance. … STEP 8: Define your brand.More items…

How much does a Planet Fitness franchise make?

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.

What is the biggest gym chain in America?

Let’s look at them.The Sports Club. … Equinox. … Lifetime Fitness. … Crunch Fitness. … 24 Hour Fitness. … Gold’s Gym. … Anytime Fitness. … YMCA Fitness. YMCA Fitness is not luxurious, but it is very affordable and well organized.More items…•

What is the best gym?

Best Overall: 24-Hour Fitness. … Best Budget Membership: Planet Fitness. … Best for Frequent Travelers: Anytime Fitness. … Best for Bodybuilders: Gold’s Gym. … Best for Luxury and Amenities: Equinox. … Best for Machines and Muscle Isolation: LA Fitness. … Best for Group Classes: Crunch Fitness.More items…