Fitness franchises can be extremely profitable, with various options catering to different market segments. Anytime Fitness, Orange Theory, Pure Barre, and 9 Round have demonstrated significant profitability in their respective categories.
Entrepreneurs have a broad spectrum of fitness franchises to choose from, and these franchises offer impressive growth potential in the booming fitness industry. On average, the cost of investing in a fitness franchise is around $350,000.
Here are 7 of the most well-known fitness franchises and their net income values:
- Burn Boot Camp
When choosing a gym franchise, it’s essential to consider unique concepts or established brands that resonate with the target audience. The market is competitive, with options ranging from women-specific programs to science-based training and kickboxing.
The Exercise Coach Franchise
The Exercise Coach started in 2010 and now boasts 199 units worldwide, with 157 of those in the US. Its program targets individuals over 50, focusing on fat loss, muscle building, and health.
Investing in a gym franchise offers benefits such as high profits, steady income, job security, and the potential for expansion. When entering this business, it’s crucial to understand the franchise agreement and the rights being purchased from the franchisor.
Franchises generally have a lower risk of failure, and it can often be more straightforward to expand and diversify within this investment type compared to others.
For a broad overview of top franchise opportunities in 2023, refer to our 44th Franchise 500 List, which includes both well-known brands and emerging industry trends.
Examples of successful current gym franchises include Anytime Fitness, with over 4,000 locations since its inception in 2002, and Workout Anytime, a brand that shows growth due to its 24/7 operating model and the fact that 70% of its franchisees own multiple sites.
The shift towards remote work has also contributed to the growth of fitness franchises as employees look for ways to stay active and healthy.
By analyzing financials, metrics, and revenue models, one can identify profitable gym franchises that could offer attractive investment opportunities.