Best 4 fitness franchises to consider buying

Best 4 fitness franchises to consider buying

Are you a health-conscious person looking to start a business? Do you want to help others achieve their fitness goal? If yes, creating a fitness franchise business may be one of the best and the least risky options. Owning a franchise would help you as you would be backed by an acclaimed brand that would, in turn, result in a solid customer base. Here are some best fitness franchises you can consider:

Anytime Fitness
Anytime Fitness, established in 2002, is one of the leading franchises. It is headquartered in Woodbury, Minnesota, and is a subsidiary of Self Esteem Brands, LLC. There are 4200 gym locations of this fitness brand and three million clients in more than 32 countries as of 2018. It operates on a unique model, open 24 hours, 365 days a year, which applies to any location worldwide. Anytime Fitness offers numerous services, including cardio, yoga, spin, personal training, and Zumba. In franchise agreements, advertising and royalty fees are usually calculated as a percentage of the total or gross sales. However, for Anytime Fitness, the rates are flat monthly, and its initial franchise fee can be up to $42,500.

Planet Fitness
Planet Fitness, founded in 1992 and based in Hampton, New Hampshire, is the franchisor and operator of fitness centers. It markets and operates as the “Judgment Free Zone,” which caters to new and casual gym users and is one of the fastest-growing fitness franchises. In 2003, Planet Fitness started franchising units with an initial franchise fee of $20,000, and $10,000 is the area development fee. 7% of the total monthly and yearly membership fees are the royalty fees for Planet Fitness. As of 2019, the count of corporate-owned gyms was eighty, and others are individually owned and operated.

Crunch Fitness
Crunch Fitness, incorporated in 1989 by Doug Levine, a former stockbroker, is a US-based brand of around 400 franchises owned by corporates and fitness clubs. It works and markets itself based on the tagline “No Judgments.” Crunch Fitness believes it is an unfiltered philosophy, making them craft the community and the gym for all. It works on the values of positivity, fun, and inclusivity and believes in encouraging, empowering, and entertaining. So, if you are also willing to follow these values, then Crunch Fitness may be the right franchise choice or opportunity for you. The initial franchise fees are $25,000, and they offer personalized support. The royalty fees are 5% of monthly total gross sales, and the advertising fees are 2% of the monthly gross sales.

Orangetheory Fitness
Orangetheory Fitness (OTF), established in March 2010 by David Long, Ellen Latham, and Jerome Kern, is one of the renowned boutique fitness studio franchises. It is based in Boca Raton, Florida. This fitness brand has over one million members as of 2020. This fitness boutique has over 1300 studios expanded across 23 countries and 50 states. It works and operates on serious technology wherein heart rate monitors are worn around the forearm, chest, or wrist. All metrics are visible on the studio’s screens and depicted on tablets attached to the rowers or treadmills in the updated studios. The initial franchise fees are $54,950 to $59,950, and the initial franchise terms are ten years. There is a royalty fee of 8% of the monthly gross sales.

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