10 Best Gym Franchise Opportunities 2024

There are currently 113,326 Gym, Health & Fitness Clubs businesses in the USA. However, we’ve got you covered if you want to own the best gym franchise. We have gathered the 10 best gym franchise opportunities that you can own in 2024.

10 Best Gym Franchise Opportunities

With every individual becoming aware of the significance of a healthy and fit body, the fitness industry is in boom. Buying into a gym franchise is less risky than building a business from scratch.

Therefore, in this article, we’ll explore the various factors that need to be addressed before investing in a franchise while highlighting the top gym franchises with high profit potential.


10 Best Gym Franchise Opportunities

1. Planet Fitness

10 Best Gym Franchise Opportunities- Planet Fitness
Founded1992
Franchising Since2003
Estimated Outlets2,575
Initial Investment$1,515,000 – $5,141,000
Franchise Fees$20,000
Liquidity$150,000
Royalty Fees7%

Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness centers in the United States Of America.

It is an American fitness center founded in 1992 and currently has over 2000 locations across the world with 17 million members.

For its new franchisees, Planet Fitness provides extensive support resources by providing assistance in the grand opening, provide staffing and material support.

So, starting a Planet Fitness franchise can be an excellent option for you if you meet the cash requirement of the franchise.

Read our complete guide to get more details about Planet Fitness Franchise.

2. F45 Training

10 Best Gym Franchise Opportunities- F45 Training Franchise
Founded2003
Franchising Since2013
Estimated Outlets1,750
Initial Investment$350,200 – $565,100
Franchise Fees$50,000
Liquidity$300,000
Royalty Fees7%

F45 started in 2003 in Australia. It was the brainchild of Rob Deutsch and Adam Gilchrist, two fitness enthusiasts who wanted to modernize how people participated in fitness classes.

It is also one of the fastest-growing fitness franchises in the world that provides time-based, high-intensity circuit training workout classes for its studio members.

To own this franchise, you only require a one-off franchise fee and a low-fixed monthly support fee for technical support and customer services.

To get more details, read our complete guide on F45 Training Franchise.

3. Anytime Fitness

Anytime Fitness
Founded2001
Franchising Since2002
Estimated Outlets5,196
Initial Investment$388,966- $970,097
Franchise Fees$25,000-$42,500
Liquidity$100,000
Royalty Fees$647-$699/mo.

Anytime Fitness is an American fitness club and franchise that was founded in 2002 by Dave Mortensen and Chuck Runyon.

Currently, it is operating in over 5,000 locations in 39 countries with nearly 4 million members worldwide. The fitness center takes pride in being authentic and strives to create plans for its customers that fit into their lifestyles.

Anytime Fitness offers franchise opportunities to individuals without any prior experience in the field. However, they have certain criteria that you must meet in order to qualify.

To get more details, read our complete article on Anytime Fitness Franchise.

4. Orangetheory Fitness

Orangetheory Fitness
Founded2010
Franchising Since2010
Estimated Outlets1,527
Initial Investment$613,129 – $1,644,519
Franchise Fees$59,950
Liquidity$350,000
Royalty Fees8%

Orangetheory Fitness is a rapidly growing global fitness center founded in 2010. The fitness center is owned by the parent company Ultimate Fitness Holdings LLC.

It provides a totally unique group workout experience where the participants can monitor their heart rates, and the results are displayed on the screen throughout the room.

To be eligible to own this reputed franchise, you need an initial investment of $613,129 – $1,644,519 and a net worth requirement of $1,000,000.

Read our complete guide to know more about the Orangetheory Fitness Franchise.

5. Crunch Fitness

10 Best Gym Franchise Opportunities- Crunch Fitness
Founded1989
Franchising Since2010
Estimated Outlets442
Initial Investment$668,000-$6.9 million
Franchise Fees$25,000
Liquidity$400,000-$500,000
Royalty Fees5%

Crunch Fitness is a classic American fitness studio chain in the United States with over 440 outlets across the world, in a total of six countries.

The chain was founded in 1989 as a small fitness studio, and they worked their way up to becoming an actual studio chain.

To be a part of Crunch Fitness, you should ensure you’re financially ready for the initial investment and all other costs. It also helps the franchisees to make all the right decisions for the franchise right from the start.

To get more details on Crunch Fitness Franchise, read our full guide.

6. Pure Barre

10 Best Gym Franchise Opportunities- Pure Barre
Founded2001
Franchising Since2009
Estimated Outlets650
Initial Investment$217,845 – $487,495
Franchise Fees$60,000
Liquidity$100,000
Royalty Fees7%

Pure Barre is a leading franchise barre studio offering various types of barre exercises. It began its operations in 2001, and since then, they have grown extremely quickly.

Currently, they have over 600 locations in the United States and a few in Canada. Now the company is planning to expand and, therefore, offering new franchises in the US.

As a Purre Barre franchisee, you may find yourself taking advantage of an executive business model, building a community, and accessing several franchise opportunities worldwide.

Read our full guide to know more about Pure Barre Franchise.

7. Club Pilates

10 Best Gym Franchise Opportunities- Club Pilates
Founded2007
Franchising Since2012
Estimated Outlets899
Initial Investment$193,600 – $407,000
Franchise Fees$60,000
Liquidity$100,000
Royalty Fees8%

Club Pilates is one of the largest pilates brands, having over 600 studios in the United States. It is an international company started in California in 2007 and began franchising in 2012

It is an exact match for the franchisees looking for flexibility and scalability. Club Pilates has also been ranked in Entrepreneur’s Franchise 500 several times in recent years.

To become a Club Pilates franchisee, you don’t need a background in the industry as a mandatory requirement. You must have at least $500,000 net worth and $100,000 liquid cash as mandatory requirements.

8. Jazzercise Franchise

Jazzercise Franchise
Founded1969
Franchising Since1982
Estimated Outlets7,380
Initial Investment$2,130 – $40,725
Franchise Fees$1,250
LiquidityN/A
Royalty Fees20%

Jazzercise was founded in 1969, and since then, it has been creating a fun experience through fitness. It offers five different classes combining cardio, strength, Pilates, hip hop, yoga, and kickboxing.

Nearly half a million learners globally participate in Jazzercise fitness programs offered by over 6,000 instructors and combine jazz dancing with an aerobic workout.

The company takes pride in being managed and operated by active and strong women and has also raised millions of dollars for various causes.

Read our full guide to know more about Jazzercise Franchise.

9. Gold’s Gym

Golds' Gym
Founded1965
Franchising Since1980
Estimated Outlets599
Initial Investment$1,483,000-$3,602,000
Franchise Fees$40,000
Liquidity$400,000
Royalty Fees5%

Gold’s Gym started with a big vision by Joe Gold. He opened a small gym in Venice Beach in 1965. The bodybuilders training outside on Muscle Beach were the first gym customers.

The gym started franchising in 1980, 5 years after Arnold Schwarzenegger focused on the gym in his movie ‘Pumping Iron’.

To own a Gold’s Gym franchise, you need a minimum net worth of $1 million and liquid capital of $400,000. The estimated investment of the facility ranges between $1,483,000-$3,602,000.

10. The Exercise Coach

The Exercise Coach
Founded2000
Franchising Since2010
Estimated Outlets233
Initial Investment$136,009 to $348,693
Franchise Fees$49,500
Liquidity$100,000
Royalty Fees6%

The Exercise Coach Fitness Center was founded in 2000 and began franchising in 2010. It is one of the leading personal fitness coaching and gyms in the USA.

Currently, they have over 140 locations committed to providing an amazing gym atmosphere with personalized programs to meet the fitness needs of their customers.

To own this franchise, you require an initial investment of $136,009 to $348,693 and a net worth of $500,000.


When Should You Choose A Gym Franchise?

To be direct, there is no right time to choose a gym franchise. However, to evaluate whether you are ready or not, ask these questions yourself:

1. Am I Passionate Enough?

Once you have determined your skills and ability and the desire to start, you have to decide further if you have the requisite traits to become a franchisee.

Also, owning a franchise means that now you have to learn a plethora of things. So, before investing, ask yourself: are you ready to learn new skills?

2. Can You Afford A Franchise?

When it comes to investing in a franchise, there are various costs associated with operating the franchise.

Firstly, you’ll have to pay an initial investment to the franchise, which is a one-time payment. Next comes the royalty fees, which are deducted from the revenue and are paid either quarterly or annually.

Moreover, owning a franchise doesn’t guarantee success, so you must have some extra capital in case of loss when starting the franchise.

3. Are You Ready To Follow Someone Else’s Rules?

Yes, owning a franchise means that you will get a well-established business model and tested strategies, but you’ll also have to abide by the rules and regulations of the franchisor.

Most franchisors want you to strictly follow the rules and regulations listed, while others are lenient and only want you to follow the necessary rules.


Factors To Consider Before Investing In A Gym Franchise

When evaluating the gym franchise, several factors should be considered before investing in it.

1. Location

Location is one of the crucial factors to consider. A location with high foot traffic and easy accessibility is the difference between a thriving gym and a struggling one.

Most often, franchisors help you to choose the right location for the gym franchise. But if it doesn’t, then you must do your own research to access the local competition, target market, and demand for fitness in the area.

2. Marketing Support

Another crucial factor to consider is the marketing and advertisement support that you’ll be getting from the franchisor.

Effective marketing strategies can help attract and retain customers, ultimately contributing to the success of your franchise.

Therefore, look for a franchise that offers comprehensive marketing material, digital marketing support, and assistance with the campaigns.

3. Brand Reputation

Brand reputation and recognition are crucial factors to consider before investing in the franchise. Look for established gym franchises that have a proven record of success.

You can also ask the existing franchisees how they are doing operating the franchise. Moreover, consider the level of support and training that will be provided by the franchisor.


Comparison Of 5 Best Gym Franchises

Company NamePlanet FitnessF45 TrainingAnytime FitnessOrangetheory FitnessCrunch Fitness
Founded19722003200120101989
Outlets 2,5751,7505,1961,527442
Franchise Fee $20,000$50,000$25,000-$42,500$59,950$25,000
Initial Investment $1,515,000 – $5,141,000$350,200 – $565,100$388,966- $970,097$613,129 – $1,644,519$668,000-$6.9 million
Royalty Fee7%575%$647-$699/mo.8%5%


Conclusion

Ultimately, the only way to know which gym franchise is right for you is to do your own due diligence. You must choose the best franchise in order to earn profit and become a successful franchisee.

However, you must also select the franchise according to your budget. Make sure the franchise has a proven track record of success and, if needed, talk to the existing franchisees on the operation of the franchise.


FAQs

Which is the cheapest gym franchise?

According to our list of 10 best gym franchises, the cheapest gym franchise is Jazzercise. It requires an initial investment of $2,130 – $40,725 which is less as compared to other franchises.

Which is the most profitable gym chain?

Life Time Gym is the most profitable gym chain designed with health, fitness, and community at its core. In 2017, it reached $1.55 billion in revenue.

What is the profit margin of gym franchise?

The profit margin of a gym franchise varies significantly depending on its category. For example, the profit margin of traditional gyms is around 10-15%, franchise gyms 10%, and Crossfit gyms have around 27% profit margin.

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