La Fitness Franchise Startup Cost, Revenue and Profit Margin
LA Fitness is a widely known Health Club firm based in Irvine, California, Los Angeles, United States. In this article, we shall explore LA Fitness as a company and the franchise opportunity it offers to entrepreneurs and business persons.
We shall commence by focusing on the antiquity of the firm. We shall then go ahead and look at the cost required to start-up an LA fitness franchise and the fee that the company asks its franchisees.
We shall also be pondering the training and supports that the firm extends to its franchisees.
To end with, you shall be made aware of how you can inaugurate an LA Fitness franchise in your region.
Is LA Fitness a Franchise?
LA Fitness is a franchise. LA Fitness is the trade name of an American gym chain called LA Fitness International LLC. LA Fitness franchise is a private company. The principal ownership interests of this firm are possessed by a private equity firm Seidler Equity Partners and Madison Dearborn Partners.
The company aims at assisting a lot of people to achieve a healthier lifestyle.
The company was instituted on Nov 1st, 1984 by Chin Yi and Louis Welch (the chief executive officers of the company) with a single station at the intersection of Arrow Highway and Hollenbeck Avenue in Los Angeles, California, United States.
Since then, the company has grown from a single club into many fitness centers and health clubs in the United States, Canada, and internationally. The headquarters of the LA Fitness franchise is located in Irvine, California, United States.
In 1995, the company came up with a multipurpose sports and fitness club that became the firm’s sign model at the moment.
The company has greatly expanded by acquiring several larger clubs in various countries. The acquired clubs include 171 clubs from Bally Total Fitness, 33 clubs from Lifestyle Family Fitness Clubs, Buffalo and Rochester Athletic Clubs in New York, and 10 Vision Quest Sport and Fitness clubs in Seattle area.
LA Fitness franchise has taken the power of its global popularity and a well-known and reliable brand to draw the businesspeople seeking to participate in a health and fitness business.
The company offers a broad range of services at affordable prices in a welcoming atmosphere. Some of the services the company provides include modern fitness equipment, Kids clubs, sports leagues, locker rooms, juice bars, and courts.
How Much Does LA Fitness Franchise Cost?
LA Fitness franchise requires a franchise fee ranging from $15,000-$30,000 (U.S. dollar). The businesspersons and entrepreneurs who intend to utilize the LA Fitness Franchise business opportunity are needed to have a liquid investment of $50,000 (U.S dollar) and an adequate capital investment ranging from $77,000-$250,000 (U.S dollar).
These requirements vary because the company has not set standards on how much these amounts should be.
LA Fitness Franchise Fee
Businesspeople and business associates who are concerned in making use of LA Fitness franchise opportunity are required to pay a franchise fee which falls anywhere between $15,000 and $30,000 (U.S. dollar). You are also required to pay other legal fees and royalties fees which usually fall anywhere between $400 and $500 (U.S dollar) per month.
LA Fitness Franchise Start-up Cost
LA Fitness franchise requires a lot of fitness equipment, well-equipped infrastructures including a swimming pool installation. Therefore, it is relatively expensive to start-up an LA Fitness franchise.
Business people and entrepreneurs who are desiring to initiate an LA Fitness franchise are required to have a start-up value ranging from $30,000-$300,000 (U.S. dollar) to retrofit a current retail station into a club. The ground building can fetch as much as $3 million (U.S dollar.)
LA Fitness Franchise Training and Support
The company is usually free 24/7 making it convenient for its franchisees and everyone.
LA Fitness franchise provides comprehensive training and support to its franchisees.
Franchisees receive support from the company. The support LA Fitness franchise offers to its franchisees include;
- Financial aid to its franchisees
- The franchisees get the installation team from the company to install the equipment on their behalf.
- LA Fitness franchise provides marketing support for its franchisees.
- Franchisees receive advertising support from the firm.
LA Fitness Terms of Agreement/Renewal
Franchisees are required to contact the LA Fitness franchise directly on its website https://www.lafitness.com to get information on the company’s initial terms of the franchise agreement.
The franchisees can also obtain information on the possible LA Fitness renewal agreement by reaching the company.
How Much Does an LA Fitness Franchise Make?
One cannot truly tell the sum of money an LA Fitness franchise makes or can make. This is because the amount made by the company heavily depends on the location and extent of the franchise.
The company with regular gym goers can get anything between $10 and $50 (U.S dollar) more per month from each client.
How to Open an LA Fitness Franchise?
If you are interested in this franchise opportunity, you can consider it. The company needs franchisees that have qualified papers, confidence and will to help the franchise develop and grow.
Entrepreneurs that are interested in starting an LA Fitness franchise can contact the company straight on its website at https://www.lafitness.com to fill out the company’s franchise request.