How profitable is an anytime fitness franchise?
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Top best answers to the question «How profitable is an anytime fitness franchise»
On average, Anytime Fitness franchise generates a yearly revenue of $421,800, and the average yearly profit is $114,611 for Anytime Fitness Franchise owner. Anytime Fitness Revenues and profits vary from franchise to franchise depending on the location and membership fee that customers pay.
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Is owning an Anytime Fitness profitable? 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.
Is Anytime Fitness profitable? We have projected Average Net Profit and Average Total Revenue based on an Anytime Fitness center with 865 members during the entire year, with an estimated average monthly membership fee of $36.58 per member and estimated annual personal training revenue of $111.18 per member.
Anytime has over 2,255 U.S. owned franchises, while 1,240 locations operate internationally. 38 franchise locations are retained by corporate. The Anytime Fitness franchise, along with thousands of other thriving gym franchises have changed the landscape of the fitness industry. Initial Investment: $114,950-$434,521.
In this way, are Anytime Fitness franchises profitable? We have projected Average Net Profit and Average Total Revenue based on an Anytime Fitness center with 865 members during the entire year, with an estimated average monthly membership fee of $36.58 per member and estimated annual personal training revenue of $111.18 per member.
When clients sign up for personal training, the trainers receive a commission (and possibly an hourly wage) for the sessions and the gym gets the rest of the money. For a $50 dollar/hr training session, the trainer might take 40% or 20$. This creates even more income for the franchisee.
Of the 2,235 Anytime Fitness clubs open for at least 12 months as of February 28, 2019, 391 (17%) had an average of over 1,150 members, as measured on February 28, 2019. Revenue, Expense, and Profit Assumptions for Anytime Fitness Clubs
General Advertising Fee: Currently, $600 per month, beginning when franchisees open their center; $300 per month for an Anytime Fitness Express center. Grand Opening and Ramp Up Program: $11,000 to $23,000 for an Anytime Fitness center; no minimum for an Anytime Fitness Express center. Base Technology Fee (formerly, Global Access Fee)
What Does an Anytime Fitness Franchise Cost? To buy a franchise with Anytime Fitness, you'll need to have at least $100,000 in liquid capital. Franchisees can expect to make a total investment of $94,430 - $523,824. They also offer financing via 3rd party as well as a discount for veterans (Yes - $1,000-$8,500 off franchise fee).
Revenue and Profits. On average, Anytime Fitness franchise generates a yearly revenue of $421,800, and the average yearly profit is $114,611 for Anytime Fitness Franchise owner. Anytime Fitness Revenues and profits vary from franchise to franchise depending on the location and membership fee that customers pay.
Is owning an Anytime Fitness profitable? 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? Anytime Fitness