A franchise business is still very high in popularity today. Aspiring entrepreneurs find franchising as the easiest and best way to get a headstart on their business dreams. Out of all the many options that you can choose from, one of the most attractive options now relates to the food, health, and fitness industry.
As more and more people have started to care for their physical well being, the demand for fitness services, such as gyms has increased. One of these gyms is Anytime Fitness. Here’s everything you need to know about its costs before you invest in one:
1. You will need around 150,000 USD to 750,000 USD in total.
A discussion on the amount is necessary to start. If you are looking forward to franchise an Anytime Fitness branch, you will need a total investment of around 150,000 USD to 750,000 in total. Of this amount, the initial franchise cost runs only from 25,000 USD to 45,000 USD.
However, do remember that the franchise cost does not include your area, renovations, purchase of gym equipment and utilities that you will need to purchase yet. This fact is why the initial investment cost skyrockets up to 750,000 USD in total. This amount will vary, of course, based on factors such as the following:
- Area or location
- Size of your desired fitness center
This total investment cost is required to be paid in lump sum to the Anytime Fitness corporation. To learn more about franchise costs, you can read on cost analysis at franchiseknowhow.com.
2. You are paying for the popularity of its name.
There is no denying: a bulk of the franchise fee goes to the royalty that you pay in exchange for the popularity of this business. This fact holds with any franchise business, as the most significant advantage that you can gain out of it is that you are already holding on to a popular name in the industry. Hence, you will not have a hard time marketing it, in comparison with a business that you start with from scratch.
Anytime Fitness is a globally-recognized brand, in a highly-popular industry, so it is a given fact that you really are paying for the popularity of its name.
3. You will enjoy regular training for your staff.
One of the most common concerns of any franchise owner is the amount of training that their staff will get. Anytime Fitness is a gym, after all, where it is vital that the team also know the basics about fitness routines, health and wellness, and even primary emergency medical treatment.
You do not need to worry about this, as Anytime Fitness will provide you not just with one training, but also with continuous training and assistance, anytime that you will request for one.
This regular free staff training is in place to ensure that your team members continue to be happy while on the job.
4. You will be provided with an operation manual.
In any business, you will need to learn and to master how it operates. Which is the same with a franchise business, because you are expected to perform the same manner as other branches so that there is a sense of uniformity.
As you apply for your franchise fee, a part of this amount also goes to your online operations manual. This online operations manual is regularly updated to keep you on track as well with whatever changes there might be, or improvements in the system and the services as a whole.
5. Your initial investment cost has other inclusions.
Apart from the abovementioned costs, however, are other inclusions in the initial investment. This list may change and may not be precise and exhaustive, so it is best to contact a representative of Anytime Fitness. To give you a general idea, however, here are some of its possible inclusions:
- Improvements in the site, construction costs, and architectural fees
- Fitness equipment
- Vending machines
- Installation of ventilators and air-conditioning system
- Opening day expenses
6. Your revenue options are not limited just to membership fees.
Anytime Fitness operates as a Fitness Club. Naturally, you have utilities and bills to pay. As a franchise business, you will also have to pay a percentage of your earnings per month to the company as their royalty fee. The bulk of your profits will be coming from the membership dues of your members. This membership fee can be paid each time they visit, monthly, or annually.
However, it isn’t only where you can gain profit. You can also earn from the following means:
- Extra fee for personal instructors
- Vending machines
- Tanning and other physical toning services
Anytime Fitness boasts of being “The Healthiest Franchise Business In The World,” and there is much truth to this tagline. Being in the health industry, they do offer quite an attractive range of services to their potential members. Now that you know the costs and the basics of franchising your own fitness center, all you have to do is to sign up for one and start turning your passion for a healthy way of life into an income-generating opportunity.