Is owning an Anytime Fitness profitable?

Is owning an Anytime Fitness profitable?

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

How much does it cost to invest in Anytime Fitness?

To purchase a franchise with Anytime Fitness, you must have at least $100,000 in liquid capital. Franchisees can expect to make a total investment of $94,430 to $523,824. They also offer financing through a third party as well as a veterans discount (Yes – $1,000 to $8,500 off franchise fees).

What is the most profitable gym?

#1: Planet Fitness Club Industry lists Planet Fitness’ reported revenue as $429.9 million in 2017 (this amount comes from its company-owned locations and franchise fees, but not from revenue generated by each franchisee) . Planet Fitness currently has over 1,200 locations in America.

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Can I sell my Anytime Fitness membership?

Find someone to take over your Anytime Fitness membership If you want to sell your membership faster, consider paying by offering an incentive. Once someone contacts you about your membership, you can make an appointment at your home club to process the transfer.

Are gyms a good investment?

The cost of starting a gym is a huge cash investment that you should be prepared to risk, as well as your good credit if things go wrong. So if you are looking for a labor of love, then the gym business is a home run. And there is absolutely nothing wrong with that.

How much does Anytime Fitness earn per member?

We projected average net profit and average total revenue based on an Anytime Fitness Center with 865 members for the full year, with an estimated average monthly membership fee of $36.58 per member and revenue annual personal training estimated at $111.18 per member.

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How many Anytime Fitness franchises are there worldwide?

The brand loyalty of the Anytime Fitness franchise is so strong that employees and members have been known to tattoo the company logo on themselves. The society has over 3 million members. Anytime has over 2,255 US-owned franchises, while 1,240 locations operate internationally. 38 franchise locations are retained by the company.

What are the pros and cons of Anytime Fitness?

Anytime Fitness is a reasonably priced gym with exceptional comfort and a pretty good selection of equipment and group fitness classes. Each franchise is run by a different management, but in general people tend to be happy with the staff at Anytime.

Is the Anytime Fitness Club accessible 24/7?

Yes, all Anytime Clubs have 24/7 access, including many holidays. This can be a game-changer for busy people or anyone with an unusual schedule. Many people join Anytime for convenience, not realizing that they are missing some key amenities.

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