As society recovered, customers were keen to return, and some gyms saw waiting lists for popular classes and exercise slots again. This document includes information about the franchises financial standing, capital requirements, franchisee training, and ongoing franchise fees, among other crucial information. As an award winning brand, with a strong national presence, the CycleBar franchise opportunity is marked by a recurring revenue model & a semi-absentee executive model with multi-unit opportunities available throughout the nation. Our team of fitness industry professionals will provide the operational support, guidance and troubleshooting you need to remain successful in the constantly changing fitness market. Founded in 2002 by Eric Casaburi and franchising since 2006, the number of locations currently stands at 89 (down from the previous total of 104), of which none are company-owned and all are located in the US. This type of financial data is not always helpful to assess profitability for you directly. We are driven to help entrepreneurial goals become a reality and we've expanded to over 220 locations worldwide. Ultimately, the only way to know which gym franchise is right for you is to do your own due diligence. industry. This includes 19 hours of classroom training, 11 hours of on-the-job training, and 0 hours of online training. Take the Franchise.com app with you anywhere! By continuing to browse the site you are agreeing to our use of cookies. For example, clients with monthly memberships are more likely to attend the gym, as they have to justify the expense to themselves, and so may be better for long-term retention. As a potential franchisee, youll find our passion is reflected in how we continually innovate new offerings, systems and technology so that you can dominate your territory. Our home-based, low-investment business model is far different than senior home care franchises. However, this ultra-famous franchise is the most expensive on this list, with an estimated upfront investment potentially reaching over $5 million. So if you also find fun to be your major motivating factor, Crunch might be the right gym franchise opportunity for you. Success in this sector depends a lot on the skills and charisma of gym staff. Home exercise options such as Peloton, online workouts, or simply going for a run have become more popular. 24 Hour Fitness - $1.51 billion. Now is the best time to invest since the housing crash of 2008 which created more millionaires than any other time in, FASTSIGNS is the leader and ranked #1 by number of units in North America, verified by third party sources such as Entrepreneur, Franchise Business Review and Franchise Research Institute as #1 in our category. Request information today! Were always just a phone call, text, email or DM away. CarePatrol was awarded 27 new franchise agreements in 2021, reaching systemwide revenue growth of nearly 50%. has over 1,100 studios in 49 U.S. states and 22 countries internationally (they started in 2010, for some context about just how quickly theyre growing). Franchisee Support is delivered by a team who deeply cares and is committed to each franchisees success. We help families and companies downsize and liquidate their estates or offices. The average membership lasts just under five years, meaning that gyms have to be bringing in 20% of new members every year just to keep steady numbers. Wow, glad you're interested in so many businesses! As an Orangetheory franchisee, youll be responsible for a monthly royalty fee of 8% of gross sales. Founded in 2010 and franchising since 2012, the number of locations declined to the last known total reported in 2017 of 38, of which 8 were company-owned and all of which were located in the US. We have experience in the senior care business and have fine-tuned every aspect our placement agency operation. Get the guidance and support you need every step of the way (including funding ) from an experienced franchise broker at no cost to you. But buying into a gym franchise is a less risky venture than building a gym from the ground up. Your future returns are associated with the overall franchisor's success. All financial products, shopping products and services are presented without warranty. Work with an experienced team who supports you at every stage and has your success and profitability first and foremost in mind. But that recovery may well have hit its limits. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Learn more now! Were changing the world of assisted living with our unique franchise solution. Despite the challenges of 2020, World Gym continues to expand in 17 countries and 6 continents with 230+ locations. All World Gym amenities can be integrated into our industry-leading powerhouse layout. Initial franchise terms are 10 years. Start a Medical & Dental Billing and Practice Management Business Work from anywhere, part-time or full-time, flexible schedule, huge profit margins! We offer support in the following areas: As a Franchisee, youll have the ability to connect with and learn from all other World Gym Franchisees through a variety of formats and forums, including: We are looking for franchise owners who are passionate about fitness and care for their local community. The, We build and scale Amazon stores for our clients by helping automate all inventory management tasks from account health monitoring to 24/7 customer service. The average Fitness and Gym franchise began franchising in 2012. Demand for your products, your labor costs in your city, commercial lease rates and a number of other variables are important factors in determining your profit margin and your take-home income. World Gym Houston is expected to open for workouts starting in January 2021. Youll be hard-pressed to find a franchise that has more carefully crafted every detail of the customer experience from start to finish, which is why customers become more than just loyal, they form a supportive lifestyle community of women empowering each to become their very best selves. The industry started to recover. Gyms that provide this content can access a larger consumer base and possibly keep more of their customers during an economic downturn. It already has a fantastic reputation as a low-cost judgement-free gym for regular people, with monthly membership fees among the lowest in the industry and perks like Pizza Mondays and Bagel Tuesdays. This site uses cookies. Franchise Winners, Survivors and Losers Last Year. Royalty Fee: 5.0%. This is a service offered to those seeking to purchase a franchise or business using their retirement funds without having to pay the taxes and penalties. Customers can choose one-on-one 25-minute or 50-minute stretch sessions, or participate in group stretches. HealthyYOU Vendingblends an, ComForCare is a top-ranked, leading home care franchise whose brand is synonymous with quality care, innovative care programs, and recognition for building a top caregiving culture. *. World Gym is dedicated to creating a network of ultimate . Certain states also require franchisors to register their franchise opportunity and file their Franchise Disclosure Document (FDD) with state examiners prior to selling franchise opportunities to people living in that state. Initial franchise fee: $54,950 to $59,950, Estimated total initial investment: $563,529 to $999,121. Required fields are marked *, Previous post: 55 Substantial Fees Every Moe's Southwest Grill Franchisee Needs to Know About, Next post: FDD Talk 2017: What You Need to Know About the Moe's Southwest Grill Franchise Opportunity (Financial Performance Analysis, Costs and Fees), Is Franchising a Path for You? If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. With more than 150+ studios open across the globe, YogaSix is the largest franchised yoga brand worldwide. Based on the data collected this franchise is growing into new markets and might be available in your city. Club Pilates offers workouts led by certified instructors who have gone through hundreds of hours of training to meet rigorous teacher standards squarely grounded in Joseph Pilates original Reformer-based Contrology Method, but with some modern updates. And with an incredibly low initial franchise fee and upfront investment, Jazzercise is one of the best low-cost franchises youll find, especially within the health and fitness industry. The you've inquired to will contact you shortly. NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. What makes us different? They accounted for $6 billion in revenues in 2022, out of the industry total of $35 billion. And in 2019, gym franchises specifically contributed $4 billion to the $34 billion gym, health, and fitness industry. Founded in 2013 and franchising since 2014, the number of locations currently stands at just two (there were six back in 2016), both in Denver, Colorado. We LOVE working out, and were constantly developing ways to make the gym experience more rewarding. So why choose us over the other guys? So any aspiring entrepreneur with a passion for fitness may be eligible for gym franchise ownership, whether theyre a trained fitness pro or not. They also take a fun, irreverent, quirky, and motivating approach to marketing (ever see. In their FDD they outline who's in charge of the training. Another important consideration to review is whether the initial fees are refundable or not. We believe everyone should be able to make financial decisions with confidence. Learn more now! Flexibility to work at home, on the road, basically anywhere you have Internet access. For an explanation of territory rights, unlock this franchise opportunity for more details. The larger the initial investment, the larger return you could anticipate. And it claims people can get visible, substantial results with just 20 minutes of daily exercise at least as long as its an intense workout using their full range of state-of-the-art equipment supplied by Matrix Fitness. Brand fund contributions (aka advertising fees) are 2% of monthly gross sales, though they may be increased to 3%. HugeUC provides training, support and all back-end functions so that all you need to do is focus on bringing in new customers and building your business. Zoom Room is a venture-backed indoor dog training gym. As an Orangetheory franchisee, youll be responsible for a monthly royalty fee of 8% of gross sales. There are four different membership options based on the number of classes (4-pack, 8-pack, monthly unlimited, and annual). Power World Gym es un gimnasio creado hace ms de 30 aos. Select locations also offer skilled Home Health Care. World Gym is graded based on our most recent FDD research! New franchise owners can also expect to participate in a comprehensive training program, as the franchise requires their franchisees to be certified barre instructors. A thorough review of the Item 5 initial fees will give you the answers needed to make an informed investment decision this franchise. It should be noted that, franchisors are required to provide you with details about all initial fees. Franchise Grade is dedicated to providing advisory services that can help you make confident franchise investment decisions. Planet Fitness is on a mission to dominate the fitness franchise industry. Ideally, we are seeking candidates with some business experience, a focus on sales and marketing and a willingness to work with our proven systems. In addition to standard gym fare, Anytime Fitness locations offer a range of classes and services, like yoga, spin, cardio, Zumba, and personal training. Initial Investment: $969,600 to $4,242,500. Workout Anytime 24/7 is growing fast, and CEO Steve Strickland says its because their model is working well for the chains franchisees, more than 70% of whom own multiple locations, which Strickland says is the best validation of all. All told, their gyms boast over 14 million members worldwide. Each group attends one-hour training sessions three times per week. But by detaching exercise from the routines of gym attendance and socializing with others, they may reduce interest in gyms, and so do themselves and the industry more damage in the long term. Catering to different demographics can be a powerful way to stand out. CycleBar is 3x larger than our next competitor & is leading the thriving indoor-cycling industry. Create your FREE account to access additional data on World Gym, and more! Receive updates on the latest and greatest franchises and business opportunities delivered to your inbox each week. Burn Boot Camp was started by husband-and-wife team Devan and Morgan Kline. Founded in 1992 and franchising since 2003, the number of locations has continued to expand rapidly to the current total of 2,324 (up from the previous total of 2,059), of which 233 are company-owned and 81 are located outside the US. World Gym Business Cost, Fees & Facts for 2023. Our trainers have advanced, science-based certifications to maximize your members' exercise routines safely and effectively. Business Details. Orangetheory claims to be one of the fastest-growing franchises in the world, and theyre ranked 60th in Inc. Magazines Fastest Growing Private Companies List. Founded in 2004 and franchising since 2006, the number of locations currently stands at 76 (up from the previous total of 68), of which none are company-owned and 59 are located outside the US (mostly in Canada, where the company was started). Fitwall is a new chain that offers customers a way to train smarter using its unique piece of equipment called the Fitwall. Corporate Office: 6656 Foothill Blvd, Tujunga, CA. We are driven to help entrepreneurial goals become a reality. Prospective customers can search the company website for the nearest location and receive a 7-day pass to try it out for free. The anti-aging and wellness industry continues to grow year after year, so its time to seize the moment and capitalize on that explosive growth while helping people look and feel their best. All told, their gyms boast over 14 million members worldwide. YogaSix, as the name implies, offers six core fitness-oriented yoga classes: Y6 101 is for beginners; Y6 Stretch emphasizes floor postures to stretch/open/release the bodys major muscle groups; Y6 Slow Flow is at a slower pace for newbies to build confidence or for more advanced students to refine their fundamentals; Y6 Hot gets students sweating their way to feeling detoxed and invigorated; Y6 Power is a heated full-body yoga workout; and Y6 Sculpt & Flow starts with a yoga warm-up before a cross-training workout with dumbbells, bands, and body weight exercises, followed by a yoga cooldown. 1 Unlimited 24/7 access to 200+ workouts 2 New workouts added weekly 3 Adaptable to your goals on your time We are constantly evolving to help our franchisees lead their communities to live a fit and healthy lifestyle, while helping owners generate significant financial returns. Those customers are also incredibly loyal, sticking with the program an average of 7 years, which is a franchisees dream. World Gym is an iconic, globally-recognized brand in resurging health and wellness category. Franchisees can expect to make a total investment of at least $1,000,000. Founded in 2007 and franchising since 2009, the number of locations climbed quickly for the first 8 years to a high of 797 in 2019 but has declined sharply to the current total of 602 (down from the previous total of 671), of which six are company-owned and 194 are located outside the US. Now, youd be hard-pressed to find a gym franchise that doesnt offer some form of barre class, but owning a Pure Barre franchise takes you straight to the source. 7 (Tues.), 4 p.m. EST, Register Now to Get Free Access to Recordings of Both Webinars. New customers get a free personalized Get Started Plan with their membership, along with the Anytime Fitness app for goal-setting and more than 1,100 workout plans. Founded in 1965 and franchising since 1980, the number of locations has declined in recent years and currently stands at 596 (down from the previous total of 603), of which 67 are company-owned and 365 are located outside the US. Christine Aebischer is an assistant assigning editor on the small-business team at NerdWallet who has covered business and personal finance for nearly a decade. Considering its massive brand recognition, the initial investment required to open a UFC Gym franchise is relatively low. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Work with an estimated upfront investment potentially reaching over $ 5 million create your FREE account to access additional on. Indoor dog training Gym program an average of 7 years, which is a venture-backed indoor dog Gym... 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