Do you want to become a gym owner, but are you afraid that you will have to wait too long for your brand to become popular? And you probably want to take advantage of a proven business model? So you must have thought about buying a fitness franchise.
Anytime Fitness is one of the most popular gym franchise chains in the USA. So it probably came to your mind as one of the options. What are the costs of starting and running a business under their brand?
Stay with us in this article and find out whether Anytime Fitness franchise is profitable, how much money you need to prepare for starting and continuing your gym. We will also tell you how to help yourself when you own a gym franchise, like Anytime Fitness franchise.
Source: GoTrialPro
Key Takeaways
- Anytime Fitness franchise is a good idea for those fitness businessmen who want to benefit from a proven business model and a globally appreciated Anytime Fitness brand.
- As a future Anytime fitness franchise owner you must be prepared for both initial and ongoing costs.
- The first group of costs - a franchise fee and other entry investments - may be up to $783,000.
- The ongoing costs are 6-7% of monthly revenue, but also advertising and operational expenditures.
- Anytime Fitness gyms bring an average annual revenue around $441,116 and profit margins of 15% to 25%, with a ROI (return on investment) within 1.5 to 3 years.
- Our mini step-by-step guide will walk you through the essential steps of entering into a franchise agreement, choosing the right location, establishing membership levels and using the latest gym management software to streamline operations and improve customer service.
How much is an Anytime Fitness franchise?
Owning an Anytime Fitness franchise involves both initial and ongoing costs: Initial Costs:- Franchise Fee: $42,500
- Total Investment: $381,575 to $783,897 (covers property, equipment, marketing, and opening costs)
Ongoing Costs:
- Royalty Fee: 7% of gross monthly revenue
- Advertising Fee: 2% of gross monthly revenue
- Operational Costs: Rent, staff salaries, maintenance, utilities, insurance, etc.
Renewal Fee: $10,000 (after 6-10 years)
Source: Journal Review
Anytime Fitness Franchise - How Much Money to Prepare?
What are Anytime Fitness franchise ranges? Below we present a concise table of all the most important cost information, provided by Anytime Fitness franchise department themselves.
Expense Category | Cost |
Franchise Fee | $42,500 |
Initial Investment | $397,516 – $973,121 |
Ongoing Fees (1-9 gyms) | $799/month per center |
Ongoing Fees (10+ gyms) | $647/month per center |
Minimum Net Worth | $380,000 |
Liquid Capital Requirement | $225,000 |
Multi-Unit Discounts | $75,000 for 2 gyms, $27,500 for each additional gym |
Source: Anytime Fitness website.
Calculate the total initial investment required for your particular situation. As you can see, the amount of money can be slightly different. In your case, they must be covering common gym equipment, location setup, gym staff management software and marketing.
If you want to know how much it costs in the case of other brands, read our other article: gym franchise cost.
What Is Actually an Anytime Fitness Franchise Model?
Anytime Fitness operates a global network of 24/7 gyms, known for their convenience and accessibility. With over 5,000 fitness centers in more than 30 countries, Anytime Fitness locations provide a wide range of exercise equipment and services.
Source: Franchise Executives
These gyms are designed for both beginners and experienced athletes. They offer moderate membership fees together with a supportive and community-driven environment. Members enjoy flexible access, as they can use any Anytime Fitness gym worldwide, making it one of the most versatile fitness franchises in the industry.
Read about another brand: Planet Fitness business model.
Step-by-Step Guide to Becoming an Anytime Fitness Franchisee
How to open a gym franchise? Follow these steps and don’t get surprised!
Source: Anytime Fitness website.
1. Research & Self-Evaluation
- Review the Anytime Fitness franchise opportunity.
- Assess your financial readiness and passion for fitness.
2. Contact Anytime Fitness
- Visit their official website and submit a franchise inquiry form.
3. Attend Discovery Session
- Participate in an informational meeting to learn more about the business model and support system.
4.Submit Application
- Complete a formal franchise application for approval.
5. Secure Financing
- Determine how you’ll fund the initial investment (range: $381,575 to $783,897).
6. Sign Franchise Agreement
- Once approved, sign the franchise contract and pay the initial franchise fee ($42,500).
Source: London Post
7. Find a Location
- Work with Anytime Fitness to identify a suitable site for your gym.
8. Build & Equip Your Gym
- Handle construction, secure permits, and purchase equipment.
9. Attend Training
- Complete the franchisee and staff training provided by Anytime Fitness.
10. Launch Your Gym
- Open your gym, start marketing, and build your membership base!
Anytime Fitness Franchise Profitability
Anytime Fitness franchise profitability can vary, but franchisees generally report solid returns.
Fitness Franchise – Top Earners:
- LA Fitness – $2.09 billion
- Life Time Fitness – $1.75 billion
- Anytime Fitness – $1.73 billion (Although not the biggest in terms of financial success, Anytime Fitness franchise has a very large number of locations globally and is appreciated as a brand in the fitness industry)
- Equinox – $1.43 billion
Anytime Fitness franchisees typically achieve a return on investment (ROI) within 1.5 to 3 years, depending on factors such as location, membership growth, and operational efficiency.
With an average annual revenue around $441,116 and profit margins of 15% to 25%, a franchise can generate between $66,000 to $110,000 in yearly profit.
The payback period for the initial investment, which ranges from $397,516 to $973,121, depends on how efficiently the gym is run and how quickly memberships grow. For more precise projections, consulting the Franchise Disclosure Document (FDD) is recommended.
Anytime Fitness Franchise - Helpful Tips
The beginnings of any business are not easy. However, we have some tips for you that will certainly help you organize this most difficult, but also the most exciting time.
Source: Anytime fitness Instagram
Financing Options - Get a First Step Help
- Traditional Loans: Banks and financial institutions offer term loans or lines of credit.
- SBA Loans: U.S. Small Business Administration (SBA) loans, like the SBA 7(a) program, are popular for franchises.
- In-House Financing: Anytime Fitness may offer financing options for certain costs like equipment.
- Third-Party Lenders: Partner companies can provide financing for franchisees.
Anytime Fitness franchise can also benefit from the company’s supportive programs. Just take a look:
source: Anytime Fitness website.
Management Facilitating - Implement a Gym Software
Imagine an intuitive gym management system that empowers both you and your team. This robust fitness booking software simplifies administrative tasks, reducing costs and improving efficiency throughout your gym franchise.
With a boutique fitness software for your Anytime Fitness franchise you can transform operations, streamline processes and reclaim valuable time for more critical business needs.
It serves as a comprehensive solution for managing all aspects of a fitness business, from:
- gym member management software,
- to marketing software for gyms,
- gym payment systems,
- and analytics thanks to gym reports,
ultimately helping gym owners run more profitable and successful operations.
Manage your gym
like a pro
Get more online bookings and increase your gym profit
FAQ
The cost to open an Anytime Fitness franchise typically ranges from $700,000 to $3 million, depending on various factors such as location, size, and lease agreements.
The franchise fee is around $42,500, and ongoing royalties are about 6% of gross sales. Additional costs may include equipment, signage, and initial marketing expenses.
Anytime Fitness has achieved significant success for several reasons:
- Convenient Access: The franchise offers 24/7 access to members, allowing them to work out at their convenience, which appeals to busy lifestyles.
- Global Presence: With thousands of locations worldwide, Anytime Fitness has built a recognizable brand that attracts new members through its established reputation.
- Community Focus: Each franchise emphasizes a friendly, welcoming atmosphere, fostering a sense of community that encourages member retention.
- Flexible Membership Options: The franchise provides various membership plans, accommodating different needs and preferences, including short-term and long-term options.
- Strong Support System: Anytime Fitness offers comprehensive training and support for franchise owners, including marketing, operations, and ongoing guidance, which helps them succeed.
- Focus on Health Trends: The franchise adapts to changing fitness trends and consumer preferences, incorporating new fitness classes and technology to enhance the member experience.
The largest Anytime Fitness franchisee is Chris C. C. Sutherland, who operates over 100 locations across the United States. His extensive network makes him the biggest franchisee within the Anytime Fitness system, showcasing the potential for growth and success within the franchise model.
Anytime Fitness targets a diverse range of customers, primarily focusing on:
- Busy Professionals: Individuals with hectic schedules who appreciate the 24/7 access, allowing them to work out at their convenience.
- Fitness Enthusiasts: Those who are already active and seek a supportive environment with varied fitness options.
- Beginners: Newcomers to fitness looking for a welcoming community that offers guidance and support.
- Health-Conscious Individuals: People focused on maintaining a healthy lifestyle, including those who value convenience and flexibility in their workout routines.
- Older Adults: Seniors looking for a comfortable and inclusive environment to stay active and healthy.
- Families: Parents who want a fitness option that accommodates varying schedules and allows for family-friendly activities.
