Pure Barre Franchise Overview
Pure Barre franchise fees for 2023:
- Total Investment: $214,287 to $457,337
- Cash Investment: $100,000
- Minimum Net Worth: $500,000
- Franchise Fee: $60,000
- Royalty: 7%
How Pure Barre Franchise Owners Make Money
Just like it’s accustomed with franchises, a Pure Barre franchisee is expected to pay a royalty fee of seven percent and an advertising fee of one percent of all gross sales. Besides these fees, there are the normal business expenses of rent, labour, utilities, and insurance. The target market for this business is usually financially stable women who are interested in living a healthy lifestyle which involves working out three to four times per week. One of the best things about buying into a franchise is the company wants every single owner to succeed. This is especially true with Pure Barre.
Founded in 2006, Pure Barre has grown exponentially and now has over 600 studios in the US and Canada.
Revenue and Profit
On average, a franchised Pure Barre studio makes $259,534 in overall annual sales. This is the average of 501 active Pure Barre studios that were open the whole year in 2021. According to analysis, an average Pure Barre store makes $43,400 in annual net profits, representing a 17% profit margin.
Franchise Details
On average, a Pure Barre franchise can generate annual revenues ranging from $250,000 to $500,000. This range is influenced by factors such as the number of classes offered and the demand for fitness services in the local market.
Pure Barre Franchise Requirements
Pure Barre is seeking franchisees who are passionate about the Pure Barre technique and have the business acumen to run a successful studio. Pure Barre gives preference to applicants with strong ties to their desired market.
About Pure Barre
Pure Barre first burst onto the fitness scene in 2001, founded by Carrie Rezabek Dorr. With over 500 locations open, Pure Barre is one of the largest franchised fitness brands.
Revenue Potential
According to one analysis, with an average of 24 people per class, a Pure Barre franchise can earn over $177,000 per year in profit.
Initial Investment
The investment required to open a Pure Barre Franchise is between $204,100-$461,700 with an initial franchise fee of $60,000.
Conclusion
Owning a Pure Barre franchise can be a lucrative business but does have some initial financial requirements. To open a single location, the company requires potential franchisees to have liquid assets of at least $100,000.
Infographic: Barre Franchise Costs
An infographic comparing barre franchise costs for Pure Barre, Barre3, and The Bar Method is below:
- Pure Barre Franchise Costs
- Typical Location: Retail shopping centers or street-front retail areas
- Initial Fee: $46,500