Founded in 1960, Gold’s Gym is one of the oldest fitness brands in the United States and is a traditional gym-based franchise.
#Anytime fitness franchise opportunities plus
These are the most expensive franchises for investors and owners, with initial franchise fees ranging from $20,000 to more than $50,000, plus investment/startup costs from $100,000 to several million, depending on the franchise.Įxamples include Gold’s Gym, Anytime Fitness, and Planet Fitness. Some may offer personal training services.
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These franchises offer the typical gym exercise activities, such as cardiovascular equipment, resistance training machines, free weights, and group fitness classes. Traditional fitness franchises include brick-and-mortar gymlike settings requiring a greater investment, given the costs associated with a physical location. having workouts, equipment, administrative support, and other operational needs offered by the franchise company.įitness franchises fall into one of three different categories: traditional fitness, specialty or “boutique” fitness, and individual licensing.gaining access to proven marketing materials and strategies and.receiving guidance on setting up a business, training materials, and business technology provided by or associated with the franchise.capitalizing on a known name or trademarked brand in a competitive industry.The benefits of owning/operating a fitness franchise include the following:
Providing nutrition services in combination with fitness is an opportunity for new or expanded services for RDs.įor those looking to invest or become an owner/operator, fitness franchises range from brick-and-mortar physical locations to individual licenses to deliver a product/service, and require investments ranging from millions of dollars to less than $10,000.ĭepending on the franchise, it may be co-owned by the umbrella company and franchise owner or independently owned, and revenue may be shared or the franchise owner may keep all revenue (usually after paying ownership, licensing, and other upfront, monthly, or annual fees). In its fitness franchise growth predictions, IBISWorld notes that franchises offering convenience for busy exercisers, 24-hour fitness services, cutting-edge fitness technologies (eg, wearables), online personal training, and nutrition and meal planning services are expected to attract more clients. Industry research from 2019 showed that fitness franchises had been growing at a rate of 6.3% annually for the last five years, and future growth rates were predicted to be higher due to the overall growth trend in fitness facilities and programs outside the traditional gym setting. According to global industry market research company IBISWorld, there are almost 10,000 individual businesses from 1,800 different fitness franchises in the United States, and fitness is one of the fastest-growing areas for franchise opportunities.1
More than $4 billion of that revenue comes from fitness franchises. In the United States, fitness is a $30 billion industry. Focus on Fitness: A Look Inside Fitness Franchises
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