LifeTime Fitness Franchise Startup Cost, Revenue and Profit Margin
Lifetime Fitness is a health and fitness brand in the United States of America and Canada.
The fitness business is very lucrative. Fitness is so lucrative that entrepreneurs who have ventured into the fitness terrain have their success to show for it.
As an entrepreneur who wishes to own or operate your own fitness business or fitness franchise, you can bet you are thinking in the right direction.
To get you off to a good start, you can consider and also take full advantage of the franchise opportunity which LifeTime Fitness offers.
In this article, we shall be looking at LifeTime Fitness. We are going to start by looking at the history of the company and its people.
We will also examine the cost of owning and operating a LifeTime Fitness franchise. We shall also provide information on the franchisee fee for operating a Life Time Fitness franchise.
We shall go further by providing information on the training and support which Life Time Fitness provides for its franchisees. We will also discuss the terms of agreement for a Life Time Fitness franchise.
Is Life Time Fitness a Franchise?
Life Time Fitness is a franchise. Life Time Fitness is a company that operates a chain of health and fitness clubs in the United States of America and Canada.
The company was founded 26 years ago in 1992. However, the company’s history dates back to 28 years ago from 1990 when the company was known as FCA ltd.
The company’s name change occurred in 1992 when it started bearing Life Time Fitness, Inc.
The company was founded by Bahram Akradi. Bahram Akradi is a businessman with American and Iranian citizenship. He was born in 1961, in Tehran, the capital of Iran.
Other business interests of Bahram Akradi include a 5.3 percent stake in an oil company, Northern Oil & Gas, Inc., which he bought in February 2018.
Bahram Akradi also serves as the current Chairman and Chief Executive Officer (CEO) of Life Time Fitness company.
Life Time Fitness is a private company and it is registered as Life Time Fitness, Inc. The company is the only subsidiary company of LTF Holdings, Inc.
The company’s headquarters is located in Chanhassen, a city in Carver and Hennepin counties of the state of Minnesota, in the United States. The company’s services include a food court, indoor and outdoor pool, personal fitness, child care center, and salon.
The company’s corporate address is located at 2902 Corporate Place Chanhassen, Minnesota, 55317, United States.
The company has locations in more 37 cities in the United States and Canada with more than 131 franchise locations.
The company’s facilities are operated as athletic centers and resorts.
How Much Does LifeTime Fitness Franchise Cost?
For entrepreneurs who are interested in operating a LifeTime Fitness franchise, they should contact the company on its website at www.lifetime.life to get information on the franchise fee which the company requires from its franchisees.
To also get information on the required liquid asset to open a LifeTime Fitness franchise, the intending franchisee should also contact the company on its website. Previous ownership records that total investment cost is around $25 million to $40 million.
LifeTime Fitness Franchise Fee
To get information on the required franchise fee, the intending franchisee should contact the company on its website at www.lifetime.life.
LifeTime Fitness Franchise Startup Cost
To get information on the required startup cost for a LifeTime Fitness franchise the franchisee should contact the company directly on its website at www.lifetime.life.
LifeTime Franchise Training and Supports
LifeTime provides training and support for its franchisees. The company also provides support for its franchisees.
The support which the company provides for Lifetime membership include;
- Franchisees enjoy grand opening support for their franchise locations from the company.
- The company provides a toll-free support line for its franchisees.
- LifeTime also provides online support for its franchisees.
- All franchisees at the company get on-the-job training from the franchisor.
- There is also a site selection support made available to all franchisees.
- The company provides marketing support for its franchisees.
- LifeTime provides franchise location design and construction for all franchisees.
- Every franchisee of the company also receives advertising support from the company.
LifeTime Fitness Franchise Terms of Agreement/Renewal
For information on the initial franchise agreement for a LifeTime Fitness franchise, the intending franchisee should contact the company directly on its website at www.lifetime.life.
How Much Does a LifeTime Fitness Franchise Make?
How much a LifeTime Fitness franchise can make cannot be stated. The profit potential would depend on the location of the franchise.
Another factor that would determine how much a franchisee can make with the company is the size of the franchise location. With the training and support which the company provides for its franchisees, the franchisee should be sure to make a profit with the company.
How to Open a LifeTime Fitness Franchise?
To open a Lifetime Fitness franchise, the intending franchisee should contact the company directly on its website at www.lifetime.life for all franchise inquiries.