Anytime Fitness is one of the largest health and fitness chains in the country. The company focuses on providing locations that are open 24 hours a day in an effort to meet the needs of consumers who are busy during normal operating hours. The company was founded by two former gym managers who saw an opportunity to provide a new type of gym for consumers.
Anytime Fitness was founded in 2002 and is currently headquartered in Woodbury, Minnesota. The company has rapidly expanded to 3,000 locations in North America, Japan, Qatar, Mexico, Australia and more.
Anytime Fitness is currently ranked as one of the top franchise opportunities in the world by a variety of online publications.
Anytime Fitness Costs and Expected Profits
Anytime Fitness offers two options for potential entrepreneurs: Standard Anytime Fitness and Anytime Fitness Express.
Potential franchise owners are expected to have at least a net worth of $300,000, with $100,000 in liquid funds available. The Standard model requires a total investment of between $101,000 and $490,000. while the Express model requires a total investment of between $80,000 and $336,000. Depending on the franchise owner’s choice, an initial franchise fee of $37,500 or $19,000 is due before the location opens for business.
For both types of locations, the average expected revenue is around $430,000, with a net profit of just over $100,000. While most of the revenue will be based off membership sales, personal training and vending are other income outlets offered by the company.
Pros of Owning an Anytime Fitness Franchise
Anytime Fitness has been one of the fastest growing fitness companies over the last decade for good reason. The revenue model is simple and easy to understand, and memberships are affordable enough for any income demographic.
While there are many different gym chains, Anytime Fitness ensures that each franchise owner does not open a location that will saturate the market. This makes it easier for owners to generate income in a short amount of time.
Cons of Owning an Anytime Fitness Franchise
Initial training required to open an Anytime Fitness location is only one week at the company’s corporate site. While ongoing training is provided over the phone, many franchise owners have voiced concern over this.
While the company does offer assistance with choosing a location for new franchise owners, much of the actual community research is left to the potential franchisee. This entails looking up demographic numbers, community income statistics, researching other gyms in the area, and much more.