Anytime Fitness locations generate a wide profit margin, depending on variables like market size, demographics and how much effort the owner puts into the business. The average Anytime Fitness location brings in about $441,116 in revenue per year, but a franchise owner can expect to make about $114,000 in profit after expenses.
What is the monthly cost of Anytime Fitness?
So, just how much is an Anytime Fitness membership? Costs vary by location and membership type, but most Anytime Fitness prices hover around $36.50 per month. Some locations charge as little as $30 per month, while others charge as much as $44 for a single monthly membership (or $39 per month when you sign on for a year). Ultimately, monthly fees and add-on costs are specific to each independently owned gym.
What is the Membership pricing like at Anytime Fitness?
Anytime Fitness Membership Cost. On average, nonetheless, the Anytime Fitness prices range from $38.99/month and $59.99/month, sometimes slightly higher for some locations. Ask about the 12-month membership plan since its joining fee is significantly lower in comparison with the 30-day membership plan.
What are the age limits to go to Anytime Fitness?
What are the age limits to go to Anytime Fitness?? You'll need to be 18 or have a parent or guardian sign a waiver. Anytime is a franchise though, and different gym locations run differently. I've seen ten year olds working with their parents. The youngest I've seen working out on their own was 16, and their parent was also a regular.
Is home fitness better than going to a gym?
Miscellaneous home gym items such as rubber flooring tiles, dumbbell racks, gym mats, suspension trainers, and benches. From the reasons mentioned above, having a home gym is, without a doubt, beneficial and a far more excellent option than going to a traditional gym.
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Which gym franchise is most profitable?
If you want to research the top fitness franchises, here's who made the Top 10 list in Entrepreneur's Franchise 500 for 2022:Crunch. ... Anytime Fitness. ... Burn Boot Camp. ... Club Pilates. ... The Exercise Coach. ... Pure Barre. ... 30 Minute Hit. Entrepreneur Franchise 500 Rank: 351st ... SPENGA. Entrepreneur Franchise 500 Rank: 380thMore items...•
How profitable is owning a gym?
Market research across the USA shows that a gym owner of a medium-sized gym could earn around $150,000 per year. The general setup costs for a medium-sized gym is around $100,000. But your profits for the first financial year could be as little as $50,000.
How much do fitness franchise owners make?
According to Investopedia, most franchise owners take home around $50,000 per year, but about 7% of franchise owners earn more than $250,000 per year. You have to be aware of some fees and additional costs because these will quickly cut into your profit margins.
Why is Anytime Fitness so successful?
Open 24 hours a day, 365 days a year, Anytime Fitness prides itself on providing its members with convenient fitness options and friendly, personal service in well-maintained facilities which feature top-quality exercise equipment.
How do cheap gyms make money?
How To Make Money With A Gym. There are three primary ways that gyms make money: from membership fees, from selling classes and personal training packages, and from selling extra goods and services.
What is the toughest thing about being a gym owner?
Main Challenges Faced by Gym Owner:Finance Management: Managing finances is one of the most common problems that gym owners face. ... Staff Dealing: The next problem that gym owners face is dealing with staff. ... Lack of Client Base: Building a successful business is not easy. ... Keep Members Happy: ... Get a Good Location for Gym:
Is it worth franchising a gym?
Higher profits: Franchises typically see higher profits than non-franchise businesses, as there is a loyal customer base and formula for success. While the initial investment to open a gym franchise can be high, you'll likely turn a profit more quickly.
Is starting a gym a good business?
In fact, while there is massive potential in owning a fitness business, 8 out of 10 of them will fail in their first year. However, if you manage to clear the first-year hurdles, you will come out the other side a stronger person and better entrepreneur, way more able to handle whatever gym ownership throws at you.
How does Anytime Fitness make money?
How does an Anytime Fitness club create revenue? The majority of your revenue will come from membership sales. We will recommend a monthly dues program with a one-time enrollment fee. Each member has the option to pay in full or pay dues each month via EFT (Electronic Funds Transfer).
Who is Anytime Fitness target market?
18 to 29-year-oldsWhy inclusivity. Informing campaign messaging was a deep dive research program into Anytime Fitness' target consumer demographic of 18 to 29-year-olds aimed at understanding what makes them tick, what they value, how they're consuming media, communication preferences and more.
How many customers does Anytime Fitness have?
Worldwide, Anytime Fitness serves more than 2.5 million members on five continents.
Who is the CEO of Anytime Fitness?
Chuck Runyon (Jan 2010–)Anytime Fitness / CEO
Is a gym a good business to start?
After a year, a successful gym will generate at least $20,000 per month. According to the AFS 2016 Marketing Best Practices Research Report, a typical small fitness center in the U.S. makes $63 per SqFt., or up to $200,000 to $300,000 per year. Larger gyms can make up to 10 times as much money.
Why are gyms so profitable?
Gyms make most of their money through recurring membership fees. However, smart owners will implement new revenue streams like personal training, branded merchandise, premium amenities, and more to make owning a gym more profitable.
How much does a Planet fitness owner make?
How Much Do Planet Fitness Franchise Owners Make?FRANCHISED ONLYBOTTOM THIRDUPPER THIRDAverage Annual EFT Revenue-$1,022,241$2,210,892Median Annual EFT Revenue-$1,050,049$2,098,704High Annual EFT Revenue-$1,316,182$4,370,9401 more row•Jul 19, 2022
How many gyms are profitable?
During a November 2020 survey among gym owners in the United States, it was found that 68 percent of gyms that had been open more than eight years were profitable.
Who owns Anytime Fitness in Pennsylvania?
4. Finding success in Pennsylvania are multi-unit operators Larry Appell and David Sabo who joined the franchise system in 2013 and now own more than 20 Anytime Fitness gyms, three of which are open and operating in Pennsylvania. The duo also owns eight additional licenses across the state with recent lease signings in Clearfield and Huntingdon.
What is the fourth source of revenue for Anytime Fitness?
A fourth source of revenues is one-time enrollment fees for new members , but these fees are not charged by all centers and the fees are not consistent between centers. A fifth source is vending income, which some centers do not have and is, in any event, minimal. Thus, Anytime Fitness does not provide information on these additional revenue sources.
How much does the HeartFirst grant for Move With AF event?
13. In addition to the initial $300,000 grant, the HeartFirst Charitable Foundation granted $1 for each 30-minute workout logged in the “Move With AF Event” on the Kilter mobile app during December (up to $50,000). Anytime Fitness drove engagement with the “Move With AF Event” to increase donations through its clubs and marketing efforts. In January, when new members signed up to join Anytime Fitness for $1 at participating locations, Anytime Fitness also donated $1 (up to $90,000) to the Movemeant Foundation.
What is section 1 of Anytime Fitness?
Section I – Background information on the Anytime Fitness franchise opportunity, including relevant news updates
How many countries are there in Anytime Fitness?
Over the next decade, Anytime Fitness continued to expand rapidly around the world. Today, there are Anytime Fitness locations across 50 countries and all seven continents, including Antarctica through the cruise ship Magellan Explorer.
When was 18. Anytime Fitness founded?
18. Anytime Fitness was founded in 2002 by Chuck Runyon, Dave Mortensen, and Jeff Klinger in St. Paul, Minnesota. The business partners and friends first met in the early 1990s while working for the same fitness club. In 1995, they ran their first joint business after they purchased Southview Athletic Club. Under their ownership, Southview grew from 500 to 4,000 members over seven years.
Who is the president of Anytime Fitness?
14. Stacy Anderson, brand president of Anytime Fitness, said, “At Anytime Fitness, we know that fitness is essential to living a healthy life – physically, emotionally, and mentally. We’re proud to support Movemeant Foundation, an organization that believes, as we do, that fitness and physical movement is essential to unlocking the values of self-confidence, resiliency, commitment, balance, and community.”
What is an anytime fitness?
Anytime Fitness is a 24 hour, seven days a week. 365-days-a-year exercise facility. All locations come equipped with aerobic and weight training equipment, changing areas, and showers. Members receive key-card access with a panic button.
Where is Anytime Fitness located?
After watching their athletic club grow the two drew up the first franchise agreement with another employee Eric Keller and the first Anytime Fitness franchise location opened in Cambridge, Minnesota. (Keller is now Vice President of International Franchise Support for Anytime).
How many members does Anytime Fitness have?
The company has over 3 million members. Anytime has over 2,255 U.S. owned franchises, while 1,240 locations operate internationally. 38 franchise locations are retained by corporate. The Anytime Fitness franchise, along with thousands of other thriving gym franchises have changed the landscape of the fitness industry.
What are some gym franchises?
Any style of person with any varying styles of working out can find a gym franchise to their liking. Gym franchises like Orangetheory, Snap Fitness, and Planet Fitness are all recognizable brands with cult-like followings.
What time does Anytime workout?
On Average, most members exercise between 6 a.m. and 9 p.m., with 11 members working out between 9pm and midnight, and five members that prefer the early morning between 1 a.m. and 5 a.m.
Who bought Southview Athletic Club?
Chuck Runyon and Dave Mortensen were working for a fitness club in St. Paul when they decided to jointly purchase Southview Athletic Club. At the time, the club only had 500 members. 7-years-later the club swelled to 4,000 members thanks to work of Mortensen and Runyon.
When did the fitness industry start?
The fitness industry was first put on the scene by the baby boomers from the late 1960s through the early 1970s. During the ‘Golden Era of Health,’ many Americans found new ways to exercise by joining health clubs.
How many members does Anytime Fitness have?
Largest presence of any fitness franchise. Anytime Fitness is the first franchise on all 7 continents, with over 4,700 territories sold and 4 million members worldwide.
Why do 60% of franchisees own more than one club?
60% of our existing franchisees own more than one club because they’ve experienced the success of our business model.
Is the fitness industry growing?
The fitness industry is constantly growing which means success for our franchisees. It also gives us a meaningful purpose to change the lives in our communities for the better.
