Quick Answer: What Is The Best Gym Franchise To Own?

What is the cheapest franchise to open?

Low-Cost/Cheap FranchisesCruise Planners.

Franchise fee: $10,995.

Initial investment: $2,095 to $22,867.

SuperGlass Windshield Repair.JAN-PRO.Jazzercise.

Franchise fee: $1,250.

Initial investment: $2,500 to $38,000.

Dream Vacations.

Franchise fee: $495 to $9,800.

Initial investment: $3,245 to $21,850..

Is owning a gym a good business?

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 much does a UPS franchise cost?

Based on the centre’s location and size, the total initial investment cost for a new The UPS Store centre ranges from $174,000 to $198.500, plus required working capital. We require that all prospective franchisees be able to verify a minimum of $80,000–100,000 in liquid assets.

Is owning a gym franchise profitable?

A gym franchise gets most of its revenue from membership fees, but it can also provide plenty of other ways to earn extra income. Personal training, classes, selling gym apparel, consumables and health and weight-loss products are just some of these ways.

How much do f45 owners make?

YOU COULD INVEST $150,000 TO MAKE $600,000 PER ANNUM YEAR ON YEAR. F45 is the leanest, most cost-effective fitness franchise on the planet. With a breakeven of circa 60 members, F45 studios have proven to meet breakeven within 2 months and have a payback of less than 9 months.

How do I start my own gym?

Start a gym by following these 9 steps:STEP 1: Plan your Business. … STEP 2: Form a legal entity. … STEP 3: Register for taxes. … STEP 4: Open a business bank account & credit card. … STEP 5: Set up business accounting. … STEP 6: Obtain necessary permits and licenses. … STEP 7: Get Business Insurance. … STEP 8: Define your brand.More items…

How much money do personal trainers make at 24 Hour Fitness?

24 Hour Fitness Personal Trainer Hourly Pay. The typical 24 Hour Fitness Personal Trainer makes $15 per hour. Personal Trainer hourly pay at 24 Hour Fitness can range from $7 – $31.

Is the NASM test hard?

Well, there you have it ladies and gentlemen, a complete breakdown of the NASM test. Overall, the exam is one of the more difficult personal training tests to pass in the industry. The textbook is over 700 pages long and can be very daunting because it is dense with information.

How many hours does a personal trainer work?

I will typically work 8-12 training hours per day, but this varies with client adherence and retention. An average work-week consists of 40-45 training hours, and 5-10 hours on “behind the scenes” work.

What is Planet Fitness net worth?

Net income attributable to Planet Fitness, Inc. was $117.7 million, or $1.41 per diluted share, compared to $88.0 million, or $1.00 per diluted share, in the prior year. Net income was $135.4 million, compared to $103.2 million in the prior year.

Which gyms pay personal trainers the most?

Personal Trainer Salary Research Shows the Highest Paying Gyms24 Hour Fitness. Non-training hours at 24 Hour Fitness are minimum wage, but the gym does offer some attractive incentives. … Anytime Fitness. Anytime Fitness gyms are franchised and had varied payment structures. … Crunch Fitness. … Equinox. … LA Fitness. … Planet Fitness. … YMCA.

Does Mark Wahlberg own f45?

Mark Wahlberg Investment Group and FOD Capital are buying a minority stake in F45 Training, a fitness franchise that will use the capital to fuel its global expansion. … “He’s obviously very into fitness, he’s a very shredded man with a very clean brand.”

Can you buy a Planet Fitness franchise?

Planet Fitness has the franchise fee of up to $42,500, with total initial investment from $969,600. … You will pay a lump-sum nonrefundable Initial Franchise Fee in the amount of $20,000 when you sign the Franchise Agreement. The Initial Franchise Fee is uniform and non-refundable.

Is f45 worth the money?

But I think F45 is worth it: while it’s pricier than a standard gym membership (which usually sits around $25/week), it’s waaaay cheaper than one-on-one personal training — which can approach $100 or more for a single session.

Are franchises worth it?

For those who want to become part of a franchise, there is one common question: Is entering a franchise worth it? The short answer: yes, if you and the franchisor do your parts. You will have a lot of business advantages when you decide to franchise. However, there is heavy financial risk, as with any new business.

What food franchise makes the most money?

America’s 25 Most Lucrative Fast-Food ChainsMcDonald’s. U.S. systemwide sales (millions): $37,480.67. … Starbucks. U.S. systemwide sales (millions): $13,167.61. … Subway. U.S. systemwide sales (millions): $10,800.00. … Burger King. U.S. systemwide sales (millions): $10,028.32. … Taco Bell. U.S. systemwide sales (millions): $9,790.15. … Wendy’s. … Dunkin’ Donuts. … Chick-fil-A.More items…•

How much do Chick Fil A franchise owners make?

Chick-fil-A pays for the land, the construction and the equipment. It then rents everything to the franchisee for 15% of the restaurant’s sales plus 50% of the pretax profit remaining. Operators, who are discouraged from running more than a few restaurants, take home $100,000 a year on average from a single outlet.

How much does a Planet Fitness franchise make?

Revenue Range: $513,000 – $5,554,000 Franchisees make their money from monthly membership fees, merchandise, and different membership cards.

Why do gyms fail?

GOOD gyms fail not because their coaches are bad; NOT because their bathrooms aren’t pristine; NOT because they’re not “pursuing excellence.” They fail because they don’t have a plan. They might have great intentions and lots of hustle.

Is Orangetheory franchise profitable?

The average gross revenue of franchise studios in operation for more than a year exceeds $1 million, according to the company’s franchise disclosure document, and studios have an average of 751 active members paying anywhere between $59 and $159 per month.

How do Planet Fitness make money?

As franchisor, Planet Fitness primarily generates revenue through membership royalties, fees, and branded equipment sales.

Who bought Planet Fitness?

The private equity owners of United PF Partners, the largest Planet Fitness franchisee conglomerate, have sold the group to American Securities, another New York-based private equity firm, for an undisclosed sum, the companies announced in a Jan. 6 media release.

What is the most profitable franchise to own?

Most Profitable FranchisesMcDonald’s.Dunkin’The UPS Store.Dream Vacations.The Maids.Anytime Fitness.Pearle Vision.JAN-PRO.More items…•

How much do you need to open a Planet Fitness?

Planet Fitness’s franchise fee is $10,000 for a 10-year renewable agreement, though the total investment ranges from $700,000 to $3.8 Million. Franchisees must also pay a 5% ongoing royalty fee on all sales to Planet Fitness. To open a gym, a franchisee must have of $3 million with $1,500,000 in liquid assets.