Quick Answer: Is Anytime Fitness Profitable?

Can owning a franchise make you rich?

The bottom line is that while a franchise can make you independently wealthy, it isn’t a guarantee.

Choosing the right business in the right industry, and going in with preexisting entrepreneurial experience and/or existing wealth can help, but your income-generating potential may still be somewhat limited..

What food franchise makes the most money?

Which Fast Food Restaurants Make the Most Money?McDonald’s: $37 billion in system-wide U.S. sales.Starbucks: $13 billion in system-wide U.S. sales.Subway: $10.8 billion in system-wide U.S. sales.Burger King: $10 billion in system-wide U.S. sales.Taco Bell: $9.8 billion in system-wide U.S. sales.More items…

How much does it cost to buy a 24 hour fitness franchise?

Investing in one of these types of fitness franchises will cost you between $175k-$200k total and you’ll want to be a multi-unit owner. As an owner, you are not really expected to physically run the clubs.

Why do gyms fail?

GOOD gyms fail not because their coaches are bad; NOT because their bathrooms aren’t pristine; NOT because they’re not “pursuing excellence.” They fail because they don’t have a plan. They might have great intentions and lots of hustle.

Why I quit being a personal trainer?

I quit being a personal trainer for three simple reasons; money, disillusionment, and career progression. These are the same reasons that thousands of other personal trainers have quit the industry too. They can’t earn enough money, lose faith in what they’re doing, and no longer see it as a long-term career.

Why is Anytime Fitness so successful?

One of the core principles that has contributed to Anytime Fitness’ success revolves around customer loyalty. The franchise’s marketing team spends a great deal of time developing digital content initiatives used to unite their customers around a series of shared values.

What is the cheapest franchise to start?

12 Best Low-Cost Franchises for Aspiring Business OwnersStratus Building Solutions. … SuperGlass Windshield Repair. … Mosquito Squad. … Pillar to Post Home Inspectors. … Property Management Inc. … Soccer Shots. Franchise Fee: $34,500. … Dream Vacations. Franchise Fee: $495 to $9,800. … Lil’ Kickers. Franchise Fee: $15,000.More items…•

Can guests go to Anytime Fitness?

Yes! We do allow guests if you would like to bring a friend. Our guest policy requires that visitors come in during staffed hours after coordinating with the local gym’s staff. Think of staffed hours as guest hours because each guest is required to sign in for the safety of our members!

How do I start my own gym business?

Want to start your own gym? Ask yourself these 7 questions before opening a gym to ensure your new business is successful.Establish a budget and write a business plan.Find a location to lease or purchase.Invest in quality gym equipment.Hire a skilled training staff.Market your new gym.

How can I open a gym with no money?

Starting a Fitness Business With No MoneyBe Realistic. It is a key aspect of keeping your budget down when starting your first fitness business. … Use Low-Cost or Free Marketing Techniques. You could use business cards or paid referrals to market yourself at a low cost. … Use Free Resources. … Don’t Overdo It.

Who is Anytime Fitness owned by?

Chuck Runyon, Dave Mortensen, and Jeff Klinger founded Anytime Fitness in 2002. Runyon is the CEO of the company. Anytime Fitness was the fastest growing health club franchise in 2014.

Which Anytime Fitness is the biggest?

Nex @ Serangoon is home to the Largest ANYTIME FITNESS Gym in Singapore. They are equipped with the top fitness equipment brand, Life Fitness.

How much do Anytime Fitness owners make?

The typical Anytime Fitness Owner Operator salary is $41,329.

Is Anytime Fitness a profitable business?

But the Anytime Fitness franchise dominates the market surpassing all other franchises by the pervasiveness of locations alone. The company’s revenue has arrived at $1 billion in sales revenue and claims to open a location every day with a member joining every 3 minutes.

What is Anytime Fitness worth?

While Runyon wouldn’t release financial details of Anytime Fitness, a private company, he did tell us that across all of its clubs, it is bringing in in “excess of $1 billion a year” this year.

What is the most profitable franchise to own?

Most Profitable FranchisesMac Tools.Cruise Planners.Jazzercise.McDonald’s.RE/MAX.Jimmy John’s Gourmet Sandwiches.Papa John’s.Anytime Fitness.More items…•

Can I get out of my Anytime Fitness contract?

Almost all gyms currently have month to month contracts that you can cancel at anytime. … To cancel your Anytime Fitness membership, you will need to visit the gym you signed up at during hours with staff available. … You may be able to cancel without paying a fee if you move to an area without an Anytime Fitness.

How much profit does a gym make?

Increase membership revenues – If membership at your gym is $1,000 per year, you only need 100 members to turn over $100,000 in annual revenue. But adding just one new member every week puts annual revenues at $152,000. Adding two new members per week puts it at $204,000.

Can you negotiate with Anytime Fitness?

“That means all of the gyms are individually owned and operated; thus, the membership fees, enrollment fees, personal training fees, class fees, and tanning fees vary slightly from club to club,” explains Mark Daly, national media director for Anytime Fitness. This type of facility will likely be open to negotiating.

How many members does the average Anytime Fitness have?

806 membersThe average number of members per Anytime Fitness club open at least one year also increased nearly five percent from 769 to 806 members. “As our franchisees and members can attest, one of the key ingredients to our success is the personal attention we offer our customers,” said Chuck Runyon, CEO of Anytime Fitness.

How do you own an Anytime Fitness?

In comparison to other franchises, the fees for Anytime Fitness are considerably lower. Our fee structure includes a one-time $42,500 franchise fee and an ongoing $699 monthly payment. Most franchisors take a percentage of gross sales. With Anytime Fitness, you don’t pay fees based on sales totals.