ANYTIME FITNESS Franchise Startup Cost, Profit & Opportunities
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.
Many people desire a convenient and relatively affordable fitness center to go, a place you can assure them 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?
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ABOUT THE COMPANY
Anytime Fitness Inc. was founded in the year 2001 by Jeff Klinger and Chuck Runyon in Minnesota. And in just ten 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 every day of the year; this is only possible through security systems that permit club members to access the club, even during unstaffed hours.
IS ANYTIME FITNESS A FRANCHISE?
Suppose you are enthusiastic about helping others develop their passion for keeping fit and want to make money simultaneously by establishing a franchise after knowing about the company. In that case, you might want to know if Anytime Fitness is a franchise. Yes, the company sells franchises, and they started doing that in 2002.
ANYTIME FITNESS FRANCHISE OFFER
There are just two types of franchises that you can purchase from the company, and they are listed below.
- THE MASTERS’ FRANCHISE: 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 significant franchisor.
- THE UNIT FRANCHISE: This is just the conventional franchise obtainable from most franchisors.
HOW MUCH DOES AN ANYTIME FITNESS FRANCHISE COST?
The Anytime Fitness Franchise cost will be considered the summation of all the investments required to establish a franchise unit and 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 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 ongoing 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, including 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 company franchisees, 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 achieved, the company will assist you with daily or weekly support via phone, website correspondence, on-site visitations, and other means to ensure that you are supported and guided to 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 discounts 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 six years. However, the term is for ten years in California. If you can meet 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 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 the cost of the Anytime Fitness Franchise.
HOW TO OPEN AN ANYTIME FITNESS FRANCHISE
Once the company has approved your application, the next step is to get an excellent location to site your Anytime Fitness Franchise unit. The company will assist you in acquiring equipment for fitness training and staffing.
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You might not necessarily have a background experience in 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.