At present, gym owners' salaries are between $26,500 (25th percentile) and $78,000 (75th percentile). Top workers (90th percentile) make $140,000 every year across the U.S. The normal compensation range for an exercise center owner differs by as much as $51,500.
Is owning a gym a good investment?
Gym franchises have relatively low overheads and initial investment, a solid return in investment and you don't have to have specialised knowledge going into the franchise. This is why unlike many other businesses, gyms are relatively unaffected by seasonal changes.
How profitable is owning a gym?
After a year, a successful gym will generate at least $20,000 per month. According to the AFS 2016 Marketing Best Practices Research Report, a typical small fitness center in the U.S. makes $63 per SqFt., or up to $200,000 to $300,000 per year. Larger gyms can make up to 10 times as much money.
Is owning a gym franchise profitable?
The bottom line is, gym franchises are profitable. Their business models are designed to generate a steady stream of income in the long run.
Do gyms make good profit?
In the world of gym ownership, there are three surefire ways to boost profit: Increase membership revenues - If membership at your gym is $1,000 per year, you only need 100 members to turn over $100,000 in annual revenue. But adding just one new member every week puts annual revenues at $152,000.