ANYTIME FITNESS Franchise Startup Cost, Revenue and Profit Margin
What exactly do fitness enthusiasts seek from a health club? That’s the vital question one of Anytime Fitness’ founders Chuck Runyon asked his partner Dave Mortensen. The answer to that question was so simple.
A lot of people desire a convenient and quite affordable fitness center to go, a place they can be assured of quality equipment in a cozy environment. That is just what Anytime Fitness has to offer.
It’s no wonder even you want to understand how much is an Anytime Fitness Franchise?
ABOUT THE COMPANY
Anytime Fitness Inc. was founded in the year 2001 by Jeff Klinger and Chuck Runyon in Minnesota. And in just 10 years the company has had about 1,600 locations across the country and can boast of more than a million club members.
The clubs are open 24 hours for every day of the year; this is only possible through the use of security systems that permit club members to get access to the club, even during unstaffed hours.
IS ANYTIME FITNESS A FRANCHISE?
If you enthusiastic about helping others develop their passion for keeping fit and you want to make money at the same time by establishing a franchise, after getting to know about the company, you might want to know if Anytime Fitness is a franchise. Yes, the company sells franchise and they started doing that since 2002.
ANYTIME FITNESS FRANCHISE OFFER
There are just 2 types of franchises that you can purchase from the company and they are listed below
- THE MASTERS FRANCHISE: Here, you are given the license to operate your franchise as a sub-franchisor. You will be able to sell franchises to smaller units and get the full benefits of a major franchisor.
- THE UNIT FRANCHISE: This is just the conventional type of franchise obtainable from most franchisors.
HOW MUCH DOES AN ANYTIME FITNESS FRANCHISE COST?
The Anytime Fitness Franchise cost will be considered as the summation of all the investment required to establish a franchise unit as well as the cash requirement of the company for any prospective franchisee. The minimum investment you will need to open an Anytime Fitness Franchise is $80,000 and sometimes you might need up to $400,000 as an investment for the business.
As an Anytime Fitness Franchisee, you will be expected to have a net-worth requirement of about $300,000 and also a liquid cash requirement of about $100,000.
ANYTIME FITNESS FRANCHISE FEE
After your application to become a franchisee with the company has been approved, you will be expected to make an Anytime Fitness Initial Franchise fee of between $19,000 to $37,000 and also an on-going royalty fee of between $449 to $549, with an Ad royalty fee of $300 which is payable to the company every month.
HOW MUCH CAN YOU MAKE AS AN ANYTIME FITNESS FRANCHISEE?
The revenue that you can make as an Anytime Fitness Franchisee will depend on so many factors which will include the size of the market, demographic location, competency, efforts input by the franchisee and then some other economic factors.
Although actual figures on what you can make can be gotten from current franchisees of the company. Anytime FitnessInc. will link you up with other networks of franchisees and you can get on-hand experience on how they run their business.
DOES ANYTIME FITNESS OFFER ANY FORM OF TRAINING?
As a new franchisee with the company, you will be expected to complete a mandatory 1-week training at the corporate headquarters in Minnesota. After this is completed, you will be assisted with daily or weekly support via phone, website correspondence, on-site visitations and other means that will ensure that you are supported and guided to achieve success faster in your business.
CAN I OWN MORE THAN ONE ANYTIME FITNESS CLUB?
Yes, Anytime Fitness encourages its franchisees to open more than one fitness center. The company gives discounts on the initial franchise fee for any additional club opened by a franchisee.
WHAT ARE THE TERMS OF AGREEMENT AND RENEWAL?
As a franchisee with the company, you will be licensed to operate under the Anytime Fitness Brand name for 6 years. Although the term is for 10 years in California. If you can meet up with the company’s requirements and standards over this period, you will be entitled to get an additional 5-year term.
DOES THE COMPANY OFFER ANY FORM OF FINANCING?
Anytime Fitness Franchise does not offer any form of direct financing to its franchisees. However, you can benefit from the company’s relationship with 3rd party lenders who will assist you with funding to cover for the cost of Anytime Fitness Franchise.
HOW TO OPEN AN ANYTIME FITNESS FRANCHISE
Once your application has been approved by the company, the next step is to get a good location to site your Anytime Fitness Franchise unit. The company will assist you in acquiring equipment for fitness training as well as on staffing.
You might not necessarily have a background experience on fitness training to open an Anytime Fitness Franchise unit, all that is expected of you is to be passionate about the job ahead and be ready to work with other people to help them achieve their goals.