By continuing to browse the site you are agreeing to our use of cookies. This site uses cookies. This high-end equipment at a low-end membership price defines this chains growing competitive advantage. World Gym is graded based on our most recent FDD research! Founded in 2012 and franchising since 2015, the number of locations has quickly vaulted to the current total of 319 (up from the previous total of 289), of which nine are company-owned and all are located in the US. Both within the fitness industry and American culture at large, Golds Gym has become legendary for their famous members (including Arnold Schwarzenegger) and their status as the mecca of bodybuilding. Since their founding by a Merchant Marine veteran in 1965, the Los Angeles-based gym has opened over 700 gyms in 29 states and 29 countries, and their international membership is 3 million devotees strong. Upgrade Labs uses innovative technology-based machines that Upgrade the biology of the body with Restorative and Performance based services. Owl Be There is a game changer in the senior care placement industry. Their workouts fuse fitness and entertainment in order to make serious exercise fun. Franchise Feedback: Craig Hermans, Burleson, TX. We help families and companies downsize and liquidate their estates or offices. The cardio-kickboxing workouts are like having a personal trainer but in a group setting. In a sea of cookie-cutter smoothie and juice bar franchises, Nekter thrives on being different. It may have just celebrated its 50th anniversary, but it has also managed to keep evolving by keeping its dance-party workouts fresh with elements of cardio, strength, Pilates, hip hop, yoga, and kickboxing to help customers burn up to 800 calories during a variety of 60-minute instructor-led classes. World Gym is an iconic, globally-recognized brand in resurging health and wellness category. I offer a FREE assessment that tells you what type of franchise will suit you best. No spam, just good, helpful information for aspiring entrepreneurs. And it was recently sold to TPG Growth, the middle market and growth platform of alternative asset firm TPG. Learn more now! 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. A thorough review of the Item 5 initial fees will give you the answers needed to make an informed investment decision this franchise. We know there are a lot of choices when it comes to choosing a fitness franchise. Orangetheory Fitness continues to make waves in the fitness franchise industry with its one-hour HIIT workout that claims to keep your heart in afterburn mode to not only immediately burn 500-1,000 calories during the workout, but even more in the 36 hours afterwards. In addition to standard gym fare, Anytime Fitness locations offer a range of classes and services, like yoga, spin, cardio, Zumba, and personal training. Dont miss this opportunity! Founded in 2011 and franchising since 2015, the number of locations currently stands at 107 (up from the previous total of 87), of which 96 are company-owned and 11 are located outside the US. Golds Gym also requires that potential franchisees have a minimum of $1 million in net worth and $400,000 in liquid assets. 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. Since 1989, Bruster's has become one of the country's favorite frozen treat chains. According to their website, Pure Barre is the oldest and most established barre studio out there. If youre thinking about becoming a 4Ever Young franchisee, theres never been a better time. Initial franchise fee: $32,000 to $40,000, Estimated total initial investment: $2.2 million to $5 million. We are known as one of the most resilient fitness brands in the world. Initial franchise terms are 10 years. Unlock to find out more. Planet Fitness and World Gym are two of the most recognized gym franchises in America. We don't train dogs. Learn more about the costs, benefits, and available locations today! 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. So why choose us over the other guys? We've got every workout for every body - including yours! GymGuyz is a chain that brings the workout to you, along with a wide range of other healthy-living services. Yes, they have an initial training program of 30 hours. Adjustments to the pandemic, though costly, proved worthwhile. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. This site uses cookies. Estimated total initial investment: $1 million to $4.1 million. Learn more about the cost and facts now! You have reached the maximum of . Data and message rates may apply. 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. 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. SPENGA is a combination fitness approach that combines spinning, strength, and yoga exercises into what it thinks is the best workout ever. We know there are a lot of choices when it comes to choosing a fitness franchise. Your email address will not be published. Wow, glad you're interested in so many businesses! 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). Plus, that smaller pool of franchisees means each one receives more personalized support from the company. *Please contact "World Gym" to confirm the accuracy of any information provided on this page. Those customers are also incredibly loyal, sticking with the program an average of 7 years, which is a franchisees dream. JOIN THE PREMIER HOME HEALTH FRANCHISE IN A $300 BILLION INDUSTRY! This recession-resistant business helps seniors & their families with move management, household liquidations and estate sales. Learn more about joining our team, today! By continuing to browse the site you are agreeing to our use of cookies. During the 2008 recession, the number of fitness clubs fell roughly in line with the countrys GDP, and that sort of damage may hit the industry again. Complete the form below to get more information, including estimated costs to open and operate this franchise. Initial Franchise Fee: $30,000. When evaluating offers, please review the financial institutions Terms and Conditions. As of the 2020 Franchise Disclosure Document, there are 51 franchised World Gym locations in the United States. 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. Fitness franchises offer an array of concepts and a full range of initial investment requirements, from very little (under $10,000) all the way up to high-end options that will cost more than $5 million to launch. 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. As of 2015, Gold's Gym has 273 US locations, 285 international locations and . 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. As the population ages, the need for compassionate and high-quality living options is more important than ever. And if you really want to know, the methodology used in one-on-one stretch sessions is called Proprioceptive Neuromuscular Facilitation or PNF. 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. CycleBar is 3x larger than our next competitor & is leading the thriving indoor-cycling industry. Before that, Alfano was a senior vice president at Starbucks where he was accountable for more than $3.5 billion in revenue. We can help secure your locations. Currently, the Orangetheory franchise 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). But in the short term, theyre going to feel the financial squeeze of the next few years, and anyone entering this sector needs to be ready to ride that out. You can purchase a franchise or traditional business with a tax qualified retirement plan such as an IRA, 401(k), 403(b), 457(b), SEPs and others. Learn more now! If a fitness business with a franchise sounds good, heres nine of the most promising options for a gym franchise. The economic setback may be particularly harsh for gyms and fitness franchises, thanks to the long-term effect of the pandemic on peoples habits. Join the movement! 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. Quick Franchise Summary. This web page does not constitute a franchise offering or an offer to sell a franchise . World Gym International offers gymnasium services, equipment for fitness and physical exercise, fitness and exercise facilities, exercise classes, fitness and nutrition seminars, personal training in nutrition, exercise and fitness, training in fitness, mixed martial arts, boxing and kickboxing. In almost all instances the filing is simply a notice with the state. Demand for your products, your labor costs in your city, commercial lease rates and a number of other variables are important factors in determining your profit margin and your take-home income. As with any new investment opportunity, there needs to be a solid ROI and net profit potential. Review our cookies information for more details. Learn more today! We do not share your phone number with anyone other than the specific businesses you are interested in learning more about. This is called an earnings claim. As expected, typically earnings and owner's income are correspond to the overall size of the initial investment. Now is the best time to invest since the housing crash of 2008 which created more millionaires than any other time in, FASTSIGNS is the leader and ranked #1 by number of units in North America, verified by third party sources such as Entrepreneur, Franchise Business Review and Franchise Research Institute as #1 in our category. Trainers lead customers through multiple HIIT rounds of delivering jab, cross, hook, and uppercut combinations to 100-pound heavy bags with four different class lengths of 30, 45, 60, and 75 minutes. We believe everyone should be able to make financial decisions with confidence. Business Location: No. Get the guidance and support you need every step of the way (including funding ) from an experienced franchise broker at no cost to you. Prices per class seem reasonable, but can add up quickly. The ongoing effects of COVID elsewhere in the world, the energy crisis triggered by Russias invasion of Ukraine, and other financial pressures look set to trigger an economic slowdown or even a recession in many parts of the world, including the US. By pressing "Submit Request", you agree that Franchise Gator and businesses you selected may call/text/email you at the number you provided above, including for marketing purposes related to your inquiry. As a franchisee, youll be required to pay 6% in royalty fees and 2% in marketing fees. Join the healthy vending revolution with Healthy YOU Vending! Throw in invigorating aromatherapy and energizing DJ-inspired beats and youve got a winning combination that keeps people moving to avoid plateaus for greater calorie burn. 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. 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