Now is the best time to invest since the housing crash of 2008 which created more millionaires than any other time in History. It dates all the way back to the 1960s and got a major bump into the spotlight when it was featured in Arnold Schwarzeneggers 1975 movie, Pumping Iron. Considering its massive brand recognition, the initial investment required to open a UFC Gym franchise is relatively low. Ideally with some business experience with focus on sales and marketing. There are tons of gym franchises seeking new location owners, but this list represents nine of the most promising gym franchises on the market right nowbased mainly on name recognition, growth rate, and franchisor support system. In addition to registration states, some other states have enacted supplemental franchise or business opportunity laws that require franchisors to provide their franchise within the state. The power, resources, and recognition of a global brand, while still maintaining the feeling of an authentic hometown gym, The support of a team that is dynamic, personal, responsive, and innovative at every level, The freedom to customize your products and services to best fit the needs of your members, A flexible business model that adapts to changes in the fitness industry and the specific needs of your local market, Highly-competitive Franchising fees that allow you to keep more of your profits and invest more money into your business. This site uses cookies. For an explanation of territory rights, unlock this franchise opportunity for more details. Now, youd be hard-pressed to find a gym franchise that doesnt offer some form of barre class, but owning a. takes you straight to the source. My clients need to be prepared to invest a minimum of $60,000 in a franchise. Founded in 2009 by Michael Parrella and franchising since 2012, the number of locations has fallen dramatically from a high of 264 in 2018 to the current total of 91 (down from the previously reported total of 94), of which none are company-owned and 11 are located outside the US. Pre-qualified offers are not binding. This annual list of the best gym and fitness franchises was revised and updated on January 1, 2023. Business rose in 2021 and 2022, thanks to well-developed anti-COVID measures, the addition of online classes, and a gradual return to normality, resulting in annualized growth of 4% from 2017 to 2022. World Gym Houston is expected to open for workouts starting in January 2021. Many find the workout to be a major stress reliever as well. Franchisees can expect to make a total investment of at least $1,000,000. The industry started to recover. Last updated on January 1, 2023 by Franchise Chatter 2 Comments in Fitness Franchises, Franchise Chatter Hot List. This includes 19 hours of classroom training, 11 hours of on-the-job training, and 0 hours of online training. Franchise Feedback: Craig Hermans, Burleson, TX. Complete our Affordability Calculator to find out! With that in mind, Planet Fitness franchisees will need to pay for that international brand recognitionopening a Planet Fitness franchise may cost over $4 million. We are dedicated to keeping the business model simple and the cost of entry low. So how do we make money? Working Capital: $100,000 to $200,000. You don't need to consent as a condition of any purchase. World Gym is an iconic, globally-recognized fitness brand in a booming industry. The goal is nothing short of total body transformation through dramatic weight loss combined with emotional overhaul and the chain has gotten results for enough people that the franchise is now in a solid rapid-growth phase. Gain experienced franchise coaches and in-depth training programs to keep your gym in action and moving forward. A fully mobile, recession-resistant franchise that is always needed. Fill out this form and a specialist from the Franchise Brokers Association will reach out to you. As the company website explains, the method uses a combination of High Intensity Interval Training (HIIT) and Active Rest Training to get your body to burn up to twice the fat and calories that traditional workouts burn in only half the time. CEO Bedros Keuilian attributes a big part of the chains success to effective social media storytelling that shows the impact on real customers. Investment is quite low compared to other pet concepts. On average, the top 25% of stores generate $1,959,404 average revenue and $379,671 average contribution per store.*. Even pre-pandemic, annual growth had been around 4.5%. Caring Transitions provides peace of mind for seniors and their families by making relocation a seamless, personal experience. Maybe youve looked into franchise. Gyms that provide this content can access a larger consumer base and possibly keep more of their customers during an economic downturn. CycleBar is 3x larger than our next competitor & is leading the thriving indoor-cycling industry. NerdWallet strives to keep its information accurate and up to date. Interested in learning more? Founded in 2002 by Eric Casaburi and franchising since 2006, the number of locations currently stands at 89 (down from the previous total of 104), of which none are company-owned and all are located in the US. Since 1996, Always Best Care has helped seniors & families with non-medical, in-home care and assisted living placement services. Crunchs fees are on the lower end of the scale: Royalty fees are 5% of monthly gross sales, and advertising fees are 2% of monthly gross sales. Another important consideration to review is whether the initial fees are refundable or not. Before that, Alfano was a senior vice president at Starbucks where he was accountable for more than $3.5 billion in revenue. Members are expected to show a high level of commitment to the process. If you are looking for the RIGHT franchise Concept at the RIGHT TIME . Despite the challenges of 2020, World Gym continues to expand in 17 countries and 6 continents with 230+ locations. We leverage international partnerships with wholesale suppliers and use an in-house team of digital marketing analysts to find, acquire & sell, You can change lives for a living, starting with yours. Providing a quality healthcare service and giving our members control over their health is paramount at all Power World gyms. Yes, World Gym offers comprehensive support for franchisees. Your email address will not be published. Serious Inquiries Only: We are only accepting individuals who have at least $20,000 cash to invest (please note - we do not provide loans or grants) and are ready to get, Anyone can own a mobile Locksmith empire. As long as the post-pandemic recovery continued, things looked bright for gym and fitness franchises. 282/9A, Kotte Road, Nugegoda, Sri Lanka: Telephone +94114641258: SUBSCRIBE NOW Franchising Since: 1982. Real Estate Sales LLC - Flip Cheap Houses, Dedicated Area for World Gym Athletics Team Training, Dedicated Area for World Gym Athletics Team Training (Foundations, Performance, One Barbell Classes, Smash & Yoga Classes), Business, Operational & Technology Support, Branding, Marketing/Social Media & Sales Support. It gives members a daily, personalized content feed tailored to their specific goals across a range of healthy-living topics to help them to exercise better, eat better, recharge better, and live better without having to sort through the impossible amounts of information search engines deliver on every simple query. Altitude Trampoline Park is the neighborhood go-to in any community for a unique indoor entertainment experience. 30 Minute Hit is a 30-minute boxing and kickboxing circuit workout studio that caters to women. Previously, she was an editor at Fundera, where she developed service-driven content on topics such as business lending, software and insurance. Founded in 2015 and franchising since 2017, the number of locations has quickly shot up to 208 (up from the previous total of 122), of which none are company-owned and five are located outside the US. Our team of fitness industry professionals will provide the operational support, guidance and troubleshooting you need to remain successful in the constantly changing fitness market. With over 250 locations open, CycleBar is the largest indoor cycling brand & offers a variety of inspiring low-impact workouts, which are inclusive of all fitness levels. Learn more now! For more details and system-specific data on the revenue of an World Gym franchised business, unlock this franchise opportunity. Imagine owning a distinguished fitness business, backed by a market-tested business model. It also makes use of Facebook Live, Instagram, and YouTube to stay in touch with customers and let them know about special promotions and fitness challenges. Founded in 1965 and franchising since 1980, the number of locations has declined in recent years and currently stands at 596 (down from the previous total of 603), of which 67 are company-owned and 365 are located outside the US. They usually see significant growth in January, thanks to New Years resolutions, but there are also key moments when membership drops in May, July, and the fourth quarter. Initial franchise fee: $1,250 Estimated total initial investment: $2,405 to $3,200 Gym franchises don't get much more classic than Jazzercise, the high-intensity, dance-cardio. Our home-based, low-investment business model is far different than senior home care franchises, Today's busy lifestyles demand the services PostalAnnex+ offers. We believe everyone should be able to make financial decisions with confidence. Theyve become a significant part of modern American culture, not just a place to get fit but a hub for social relations and a sign of status. There isnt a one-size-fits-all model to high quality home care, thats why we think creatively about how to optimize every experience. 64 million Americans had memberships for fitness centers or health clubs in 2019, nearly twice as many as in the year 2000. Imagine building a thriving business while doing work that you love, with people you love. World Gym International is an American fitness center which also offer products for workout gear such as sports bags, water bottles, nutrition products, accessories, gym clothing and apparel. As a prospective franchisee, you will soon discover that World Gym is much more than just a gym franchise; its a way of life. He has covered financial topics as an editor for more than a decade. World Gym boasts a bold history in the fitness industry. The circuit consists of 13 different stations, and customers spend two minutes at each station to utilize boxing, kickboxing, general self-defense, and core stability training exercises to get their hearts pumping and calories burning. Check out this franchise opportunity to better understand the specific costs required to buy an World Gym, such as franchise fees, real estate costs, pre-opening advertising, and equipment purchases. iLoveKickboxing.com is a fitness chain that prides itself on forming a supportive community with accountability for reaching fitness goals with adrenaline-flowing workouts anyone of any age or fitness level can do. That said, franchisees are responsible for additional costs, including a monthly continuing franchise fee (CFF) of either 20% of gross revenue or at least $250 per month. Your email address will not be published. 1976. Franchise Description: The franchisor is World Gym International, LLC.The franchised gym will be authorized to offer and provide (a) fitness training and related fitness instruction, wellness and recovery services, on-demand fitness platforms, and any other fitness-related . Send Me a Pro is a sound franchise choice because you can now offer multiple businesses under one name which allows you to diversify your investment and more earning potential. World Gym Business Cost, Fees & Facts for 2023. Gyms provide both pleasure and satisfaction, and so are a habit-forming business that customers keep coming back to. The company recently announced its breakthrough technology called a Personalized Mobile Companion available within the Blink app. All financial products, shopping products and services are presented without warranty. has over 1,100 studios in 49 U.S. states and 22 countries internationally (they started in 2010, for some context about just how quickly theyre growing). Yes, I have $50K available in my 401K/IRA and would like to learn how to use these funds to buy a business with the help of Guidant Financial Group. Theyll provide you with a personal support team, comprehensive training, and marketing support over the course of your franchise agreements six-year term (or 10, if youre in California). That said, franchisees are responsible for additional costs, including a monthly continuing franchise fee (CFF) of either 20% of gross revenue or at least $250 per month. No spam, just good, helpful information for aspiring entrepreneurs. Amenities vary, based on size and may include: Our ownership and management team has over 200 years of cumulative experience, and were committed to the success of every Franchisee. To be eligible to open a. , candidates must have at least $1 million in net worth and access to $300,000 to $400,000 in liquid assets. New franchise owners can also expect to participate in a comprehensive training program, as the franchise requires their franchisees to be certified barre instructors. Founded in 1969 by Judi Sheppard Missett and franchising since 1982, the number of locations has declined in recent years from a high of 8,679 in 2017 to the current total of 7,761 (down from the previously reported total of 8,003), of which only two are company-owned and 1,923 are located outside the US. Planet Fitness trademarked the phrase judgment free zone, so that alone should give you a sense of this gyms major value: inclusivity for all people, regardless of their fitness levels. Since their start in 2002, Anytime Fitness has opened over 4,000 locations on all seven continents. Ideal franchise candidates are business professionals and gym. First, youll need to winnow down your list to only the gyms whose investment levels align with your financials, as well as your eligibility to secure franchise financing or gym financing. Our customer service driven business model provides digital print, design and promotional services to businesses. The average membership lasts just under five years, meaning that gyms have to be bringing in 20% of new members every year just to keep steady numbers. Initial franchise fee: $54,950 to $59,950, Estimated total initial investment: $563,529 to $999,121. As a FranServe franchisee, earn money helping people buy a franchise. The franchise system is required to disclose what conditions any of the initial fees are refundable. Work with an experienced team who supports you at every stage and has your success and profitability first and foremost in mind. If you are a prospective franchisee searching for franchise opportunities that meet or exceed certain performance benchmarks for sales, profits, and return on investment, please check out this list of Americas Most Lucrative Franchises. *These costs are found in our Franchise Disclosure Document - Item 7. Home Instead is enhancing the lives of aging adults and their families by providing in-home, compassionate care for seniors. As society recovered, customers were keen to return, and some gyms saw waiting lists for popular classes and exercise slots again. Even more reason to consider investing in a gym franchise? An offshoot of the (purportedly) $7 billion UFC brand, UFC Gyms offer MMA-inspired personal and specialized training, traditional and fusion martial arts classes, and youth fitness classes. Each type of exercise has its own dedicated area in the studio and customers spend 20 minutes in each area during a standard 60-minute workout based on HIIT principles. Yes. We offer support in the following areas: As a Franchisee, youll have the ability to connect with and learn from all other World Gym Franchisees through a variety of formats and forums, including: We are looking for franchise candidates who are passionate about building a fitness community in their local market. The franchise also requires that candidates have at least $100,000 in combined liquid assets and a total net worth of at least $250,000. Build a Better Community with a Turnkey Opportunity.Join the largest network of hemp extract retail owners worldwide and enjoy the perks of owning your own successful business while making a difference through partnerships, community, education, experience, and the highest quality products. Finding the best franchise means comparing several franchise brands to determine the best business for you. I offer a FREE assessment that tells you what type of franchise will suit you best. World Gym is pursuing an aggressive expansion plan in North America and abroad, with several new gyms currently in development. CarePatrol was awarded 27 new franchise agreements in 2021, reaching systemwide revenue growth of nearly 50%. That said, Orangetheory is designed for people of all fitness levels, since participants can go entirely at their own pace. GymGuyz is a chain that brings the workout to you, along with a wide range of other healthy-living services. From there, youll receive additional materials to help inform your decision, including the all-important franchise agreement, including the franchise disclosure document (FDD). The economic setback may be particularly harsh for gyms and fitness franchises, thanks to the long-term effect of the pandemic on peoples habits. This, too, is best evaluated with the help of an accountant or business lawyer, who can help you break down the fine print. While the chain continues to grow its number of locations, there are a surprising number of news reports about locations that suddenly close with little if any notice and no refunds. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. The chains 45-minute group classes are capped at 20 participants and use HIIT-style training with two highly-trained coaches in every session. YogaSix, as the name implies, offers six core fitness-oriented yoga classes: Y6 101 is for beginners; Y6 Stretch emphasizes floor postures to stretch/open/release the bodys major muscle groups; Y6 Slow Flow is at a slower pace for newbies to build confidence or for more advanced students to refine their fundamentals; Y6 Hot gets students sweating their way to feeling detoxed and invigorated; Y6 Power is a heated full-body yoga workout; and Y6 Sculpt & Flow starts with a yoga warm-up before a cross-training workout with dumbbells, bands, and body weight exercises, followed by a yoga cooldown. Our home-based, low-investment business model is far different than senior home care franchises. Dont miss this opportunity! Currently, Golds Gym franchise has available markets in almost every state across the country, and select international opportunities. Founded in 2001 and franchising since 2009, the number of locations has expanded steadily to the current total of 621 (up from the previous total of 599), of which six are company-owned and two are located outside the US. Here is a list of our partners. Work from home or office, no employees necessary, no overhead or inventory requirements and you make your own hours. Even though the history of barre dates back to 1959, when the discipline was created by former ballerina Lotte Berk, the ballet/Pilates/yoga hybrid saw a huge boom in the 2010s. Once you start operating your Pure Barre location, youll be responsible for a monthly royalty fee of 7% of gross sales and a 1% monthly marketing fee. The average Fitness and Gym franchise began franchising in 2012. Estimated total initial investment: $303,000 to $499,850. We can help secure your locations. So why choose us over the other guys? Each group attends one-hour training sessions three times per week. Freedom to Choose - Depending on your market's needs and your budget, choose between a small-to-large World Gym Full-Service Club (10,000-50,000+ sq ft). For 43 years, World Gym has been at the epicenter of the modern fitness scene-the place where Muscle Beach meets Hollywood, and where serious fitness meets celebrity. ComForCares reputation for home care is 100% best in class, according to ongoing ratings from clients, families and caregivers. As a franchisee, youll be required to pay 6% in royalty fees and 2% in marketing fees. Orangetheory claims to be one of the fastest-growing franchises in the world, and theyre ranked 60th in Inc. Magazines Fastest Growing Private Companies List. Royalty fees are 7% of the total gross monthly and annual membership fees, and advertising fees vary. We opened our first gym in 1976 on famous Muscle Beach in CA. Work full or part time from a home office. World Gym is dedicated to creating a network of ultimate . Franchisee Support is delivered by a team who deeply cares and is committed to each franchisees success. The chain knows a lot about its more than 12 million members, and wants to leverage that data into giving them even more value. Committed to every franchisees success, World Gym provides you access to its experienced management team to provide the upfront and ongoing operational support, guidance and troubleshooting you need to be a successful franchisee. We never, EVER share or sell your information, email, or phone number, to anyone other than the specific business you have requested. In addition, he served as an online media manager for the University of Nevada, Reno. Our partners cannot pay us to guarantee favorable reviews of their products or services. But perhaps most important to this process is interviewing current franchisees. Locations also offer yoga, spinning, and cardio workouts all for a surprisingly low monthly membership fee. It should be noted that, franchisors are required to provide you with details about all initial fees. Select locations also offer skilled Home Health Care. The chains signature workout offering that gets rave reviews is MYFIT, an 18-minute daily HIIT (high-intensity interval training) workout led by an on-screen instructor and based on foundational functional movements and planes of motion. In almost all instances the filing is simply a notice with the state. That way, participants can both track their own progress, and see how it stacks up to other people in the classso if you thrive on competition, this is the gym franchise for you. Recognition, the initial investment required to open for workouts starting in 2021! Called a Personalized mobile Companion available within the Blink app by franchise Chatter Hot.. 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