If you're going to invest your hard-earned money, you might as well secure it in a gym franchise. Later on, when you are financially stable, you can have the freedom to start your own business or continue expanding your franchise as it will most likely be a success. The bottom line is, gym franchises are profitable.Apr 24, 2020
How much does a gym franchise owner make?
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.Feb 13, 2021
What is the largest gym franchise in the world?
Anytime Fitness
Are gyms a good investment?
Gyms are convenient, they have all the tools you need to get in shape, and they force you to put some money on the line -- which can be a key motivator for some. With the average gym membership floating around $60 per month -- $720 per year -- it's a substantial monetary investment.Jan 8, 2017
Do gym franchises make money?
Gym ownership doesn't normally come with a fixed salary. Your earnings are dependent on your profit, how many hours you're willing to put in to keep staffing costs down and how much cash you want to reinvest in your business. The good news is, if you run a profitable gym, your salary is really up to you.
How profitable is owning a gym?
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. Adding two new members per week puts it at $204,000.
Are fitness franchises profitable?
It is a clear indication that gym franchises are indeed profitable. Since it is already an established business that you're going to manage, you can be successful with little help from your franchisor. ... If you're going to invest your hard-earned money, you might as well secure it in a gym franchise.Apr 24, 2020
What is the most profitable fitness franchise?
- Anytime Fitness. Initial franchise fee: $3,150 to $42,500. ...
- Orangetheory Fitness. Initial franchise fee: $54,950 to $59,950. ...
- Planet Fitness. Initial franchise fee: $20,000. ...
- Crunch Fitness. Initial franchise fee: $25,000. ...
- Pure Barre. ...
- The Bar Method. ...
- UFC Gym. ...
- Jazzercise Inc.