How to open a gym franchise

How to Open a Gym Franchise

What You’ll Find In This Article

Getting into the fitness industry can be highly profitable as of late. The total revenue for the fitness industry added up to more than $87 billion in 2017. Americans have started using fitness centers and fitness club memberships, and in the last ten years, the number of subscribed gym users has grown by 34%.

While having your own private business can be nice, everyone knows that chains and franchises are becoming more popular in America. This means that with relative ease, you can run a big-name franchise while still owning your own business. 

Gyms are a natural fit for franchising, they can be expanded with ease, and the demand for fitness and wellness centers is rising rapidly. While running a gym as a franchise may seem counterintuitive at first, you will quickly realize that the shared goals and resources provided in a franchise agreement can be more appealing than doing it all yourself.

While gross revenue going into your pocket is great, there are a few steps to take before starting your own small business. Before you think about real estate, demographics, or what kind of business loan you need, you should think about opening a franchise instead.

What are the Benefits of Owning a Gym Franchise?

While start-up costs are a hurdle to get over, having a new gym with personal trainers and personal training rooms is profitable. It offers you a level of autonomy as a new business owner.

Along with raising your net worth, having your own gym can be a great investment. After researching and reviewing your options on who to franchise with, owning a gym franchise will always be a valuable asset.

From an entrepreneur to a franchise owner, there is a significant shift in responsibility and autonomy. While you may lose some degree of autonomy over your business, you’ll find that the amenities, shared research, and shared goals that a franchise offers can be a great trade-off. While you won’t be able to make all of the end all be all decisions, you will have a business that is more akin to passive income than actively providing oversight to every aspect of the company.

Franchises offer a level of support to new business owners that cannot compare with traditionally owned private businesses. Being in a franchise agreement means you’re part of a more extensive support network with shared goals and interests. This can be a powerful tool when you need help or network with other business owners to make plans.

Franchises also excel because you have a proven model that can delegate and organize workers their responsibilities in an efficient way. This means you can cut time and costs off training new employees and focus on the big picture ideas that come with being a franchise owner.

Being a franchise owner gives you a lot of leverage to consider expansion, at least a lot faster than a private business owner would. Having access to other franchise opportunities or renegotiating contracts when they expire gives you more leverage to make bigger moves and expand your business easily. 

Starting a Gym Franchise

With a one-time franchise fee and an initial investment, you have the option to open up a fitness franchise instead of a fitness business.

While some licensing agreements require royalty fees and or sacrificed autonomy, a fitness franchise can offer you some of the benefits of a small business and with a twist.  

A health club or gym business can offer you all of the fitness equipment, staff training and even help you decide how many square feet you need to open up an Orangetheory fitness, for example. These benefits from franchising can help minimize your total investment cost and other franchise opportunities. 

After an initial franchise fee, you can open up your own Planet Fitness or Anytime Fitness in no time. After the franchise agreement is negotiated and the franchisee and franchisor agree on the terms of the contract. After you and the franchise owner set up a business model, you can start your own business plan to begin marketing your business.

Grand openings, social media marketing, free cardio or pilates classes are all great options that you, the business owner, have the freedom to offer your customers.

How Much Does it Cost to Start a Gym Franchise?

Creating a gym franchise typically costs around $56,000 to $120,000, but they can run up to a million dollars depending on the franchise. The facilities themselves are rather large investments, but remember, a lot of the investment cost will be covered depending on your franchising agreement. The cost is generally going to revolve around how big you want your new gym to be.

After the initial investment, you have to keep in mind the maintenance and upkeep of the facility along with employee wages and other expenses; however, these expenses will minimize after profits grow greater and a customer base is established.

Is Owning a Gym Franchise Profitable?

Gym owners need to make a profit, or they wouldn’t go into business. After your initial investments and once you’ve balanced your budget, an asset like a gym should produce profits if done right. While it’s true that there can be difficulties in running a gym operation, if you can get through the complexities of building and running a fitness franchise operation, then it will surely be profitable.

While not all places are optimized to have a gym, and not all people are built to run gyms, almost anyone can make a profitable gym franchise.



Everything You Need To Know On How To Start a Franchise

Thinking of becoming a franchisee? We’re here to help you through the steps of starting a franchise!

14 Questions to Ask When Buying a Franchise

Have you ever wondered what questions to ask a franchisor, what questions a franchisee might be asked?

How To Open A Franchise Restaurant

Before signing your franchise agreement, understand how the franchise model works and the pros and cons of franchise restaurants.

What Does a Franchise Broker Do?

Do you need some help finding the best franchise to invest in? Learn more about the benefits, costs, and risks of working with a franchise broker!

How Do Franchises Make Money

Before owning a franchise, it’s vital to understand how franchises make money, how much do franchise owners make, and learn from the most profitable franchises.

Top Entertainment Franchises That Are Growing

The entertainment franchise industry is in full swing as the world rebounds from COVID-19.

What is the Difference Between Franchising and a Partnership?

What You’ll Find In This Article What is the Definition of a Franchisee?What is the Definition of a Partnership?General PartnershipsLimited …

What is Franchise Insurance?

What You’ll Find In This Article How Does Franchise Insurance Work?Types of Franchise InsuranceProperty InsurancePublic Liability Insurance Product Liability Insurance General Liability …

What is a Franchise License?

What You’ll Find In This Article What is the Difference Between a Franchise and a License?State Licensing RegulationsWhat are the …

How to Become a Franchise Consultant

What You’ll Find In This Article What Does a Franchise Consultant Do?What are the Qualifications to be a Franchise Consultant?Steps …

What is the Difference Between Franchising and Company Owned?

What You’ll Find In This Article What is the Definition of Franchising?What is the Definition of a Company Owned Store?What …

What is an Area Representative?

What You’ll Find In This Article What is the Difference Between Area representatives and Master franchisors? How a Franchise Area Developer …

What is the Difference Between Franchising and Opening a Small Business?

What You’ll Find In This Article What is the Definition of a Franchise?What is the Definition of Small Business?What is …

How to Open a Gym Franchise

What You’ll Find In This Article What are the Benefits of Owning a Gym Franchise?Starting a Gym FranchiseHow Much Does …

COVID-19’s Effect on the Health and Beauty Industry

The health and beauty industry had a crucial role in protecting citizens during COVID-19. Find out how the coronavirus hit the health and beauty industry and how it bounced back!

How the Franchise Model Works

To enjoy the benefits of the franchise model, it’s essential to understand the different types of franchise models and how they work.

How to Evaluate Franchise Opportunities

Is this franchise opportunity right for you? We’ll explore the steps to evaluating a franchise opportunity, and how to decide between an established or emerging franchise.

How to Become a Franchise Owner

Investing in a franchise is a great way to start your own business. We will explore how to become a franchise owner and break down the paths to, risks, and benefits of owning your own franchise.

How to Reduce Your Carbon Footprint In Business

Running a business is one thing, but running an ecologically friendly business while staying profitable takes things to the next level. Here’s a short guide on how to reduce your carbon footprint in business.

The Differences Between a Chain and a Franchise

We break down the differences between a chain vs a franchise, so you can figure out which business is best for you.

How to Create a Franchise Business Plan

Understand why a franchise business plan can make or break your business and how to create a franchise business plan.

How Much Do Franchise Owners Make

Have you ever wondered how a franchise owner makes money? Is the risk worth the investment? Find out how franchisees get paid in our guide.

How to Get a Loan for a Franchise

To succeed at their new business, franchisees will need to have a steady cash flow and franchise financing options to ride the waves of the initial economic storm.

What’s the Difference Between a Franchise and a License?

While licensing is a broad term that encapsulates franchising, there are several licensing agreements available to prospective firms.

What You’ll Find In This Article