Fit Body Boot Camp is one of the largest gym studios in the United States, with over 300 active stores, most of which are franchise-owned. The fitness industry is constantly growing, and Fit Body Boot Camp is also taking a significant share of this, thanks to its affordable franchising system.
If you are an entrepreneur looking to own a fitness franchise, you probably encountered Fit Body Boot Camp, and you might be thinking of owning one. But is the low cost worth the profits you are getting, and what can you expect? We will take a look at Fit Body Boot Camp’s franchise system, costs, expected profits, and all other details.
About Fit Body Boot Camp And Fit Body Boot Camp History
Fit Body Boot Camp is an American gym and fitness studio with over 350 stores across the country. The company’s offering focuses on offering affordable, quality, and efficient gym studios and fitness classes to its members. They are compatible with all fitness levels.
As of now, the company has over 350 stores, and most of them are franchise-owned. Their initial investment numbers are relatively low, and they offer an exceptional starting package to entrepreneurs to get them to succeed.
Franchise Model Table
|Cost Or Fees||Amount|
How Much Does It Cost To Open A Fit Body Boot Camp Franchise?
The expected average cost to open a Fit Body Boot Camp franchise outlet is between $165,000 and $231,000. This start-up cost includes everything from the $49,500 franchise fee to all the things you need in your store.
The franchisor gives you a list of recommended equipment for each store, which makes it easier for you to manage the expected costs.
You need $65,000 in liquid cash, and there is no need for a minimum net worth. Fit Body Boot Camp also doesn’t look for any industry or management experience.
However, if you have management experience, you might have a higher chance of getting approved as a franchisee.
Profit & Revenue Of Fit Body Boot Camp
There is no official information from the company, but there are some reports online indicating the company’s financials. Based on those reports, Fit Body Boot Camp’s annual revenue is around $20 million, and the net profit is about $7 million.
The actual numbers might be different as these are estimations made by different sources online.
On average, a Fit Body Boot Camp franchise makes around $167,000 annually in overall sales.
However, it’s worth mentioning that Fit Body Boot Camp doesn’t provide financial numbers in their FDD. This is an estimation from several reports online.
How Much Does A Fit Body Boot Camp Franchise Owner Make?
We do know that Fit Body Boot Camp franchise owner make $167,000 in sales. And if we consider a profit margin of 30%, then we can calculate that a Fit Body Boot Camp franchise owner make estimated $50,100 in annual net profits on average.
|Financial Overview||Percentage of Revenue||Amount ($)|
|Individual Franchise Annual Revenue||100%||167000.00|
|Franchise Royalty Fees||4.38%||(7306.25)|
|Cost of Goods Sold (COGS)||21.87%||(36531.25)|
Note: The displayed expenses are estimates based on industry averages and standard costs. Actual expenses may vary due to factors like location, business size, and market conditions. We recommend conducting detailed research or consulting with a financial advisor for a tailored financial analysis.
Payback Period Of Fit Body Boot Camp
With an investment of $231,000 and a yearly profit of the franchise that is $50,100, we can calculate the payback period of Fit Body Boot Camp.
So, to find out how long it will take to earn back the initial investment:
Payback Period = Investment / Yearly Profit = $231,100 / $50,100 = 4.61 years
Based on these figures, it will take approximately 4-5 years to pay back the initial investment for Fit Body Boot Camp. This time period could be longer or shorter depending on your sales, revenue, and profit figures.
Failure Rate Of Fit Body Boot Camp
|Year||Outlets at the Start of the Year||Outlets at the End of the Year||Net Change|
For the Franchised outlets:
- In 2020, the failure rate was (85)/380×100≈22.37%
- In 2021, the failure rate was (9)/295×100≈3.05%
- In 2022, the failure rate was (16)/286×100≈5.59%
According to the above-mentioned data, we can see that the franchised outlets at the end of the year were less than the outlets at the start of the year, which indicates that Fit Body Boot Camp is declining from 2020-2022, showing a failure rate between 22.37% and 5.59%.
Fit Body Boot Camp Training and Support
There is a five-day initial training called FBBC University that is taught by successful Fit Body Boot Camp franchise owners and specific experts in various areas in the headquarters.
This initial training aims to teach you the basic operations of a Fit Body Boot Camp franchise and help you succeed.
As part of their support program, they help you with securing and protecting a Fit Body Boot Camp territory and help you select the best possible territory for a successful outlet.
They also get involved in lease negotiations. To support your launch, they help with grand opening marketing to get your name out there.
Terms of Agreement and Renewal
The initial franchise agreement is for seven years. This agreement is renewable, but the exact conditions of renewal depend on the agreement.
If both sides are satisfied with each other and the franchisor approves it, the renewal can happen depending on the conditions of the agreement.
Obligations and Restrictions
The franchisee can be an absentee owner, meaning they can designate a manager satisfactory to the franchisor.
The designated manager, however, must spend full-time overseeing the daily operations of the restaurant and always be present at the location.
The franchisee or the designated manager can not run the franchised outlet part-time. It has to be full-time and on-site.
The franchisee is also restricted from selling any products or services that Fit Body Boot Camp doesn’t approve of, and they have to sell everything in the manner the franchisor asks the franchisee to.
Fit Body Boot Camp offers direct financial assistance to selective franchisees. Each franchise is subject to a different type of financial assistance, and they need to be selected as suitable for assistance.
A franchise business advisor from Fit Body Boot Camp will talk to you and understand your situation to give you the possible opportunities.
Fit Body Boot Camp Comparison
|Name||Franchise Fee||Royalty Fee||Initial Investment|
|Burn Boot Camp||$43,000-$45,000||6%||$150,330-$406,500|
|Fit Body Boot Camp||$49,500||5%||$165,000-$231,000|
Being one of the most recognizable gym and fitness studios with over 350 stores, Fit Body Boot Camp has found itself a good position in the industry.
You can open a franchised store with as low as $165,000, and there is potential to make about $57,000 annually in net profits, offering a very short payback period.
If you are interested in the industry and want to own a gym franchise, it is clear that Fit Body Boot Camp is one of the best options available on the market.
Is Fit Body Boot Camp a franchise?
Yes, Fit Body Boot Camp is actively a franchise.
How can I be a Fit Body Boot Camp franchisee?
All you need to do to start the process is to reach out to Fit Body Boot Camp either via e-mail or by phone call. Once you show them you are interested, they will take over the process.
Does Fit Body Boot Camp offer training to franchisees?
Yes, they have a five-day initial training program that takes place in their headquarters. Depending on the situation, there might be additional online training.
Who founded Fit Body Boot Camp?
Fit Body Boot Camp is the world’s fastest-growing fitness boot camp. It was founded in 2009 by Bedros Keuilian.
How many locations does Fit Body Boot Camp has?
It has 600 Fit Body Boot Camp franchise locations across the United States and Canada.
Where is Fit Body Boot Camp headquartered?
Fit Body Boot Camp is headquartered in Chino Hills, 5867 Pine Ave, United States.