The Largest Fitness Franchises
Largest Fitness Franchises
If you’re interested in launching a business in the health and fitness industry, there are two main options: you can start your own independent gym or invest in a franchise. While both have their pros and cons, investing in a franchise can provide you with a proven business model, a support system, and a lot of brand recognition. When it comes to choosing a fitness franchise, there are tons of options out there, from boutique gyms to big-box health clubs. However, it’s important to do your due diligence and select a business that fits with your personal goals, experience, and financial situation.
Some of the largest fitness franchises include Anytime Fitness, Life Time Fitness, Planet Fitness, Crunch Fitness, and Orangetheory Fitness. These big-name franchises can be found across the country and offer state-of-the-art equipment, 24-hour access, and more. Many of these fitness franchises also have a variety of additional services that can help you achieve your specific goals, including personal training, nutrition advice, and group exercise classes.
How to Choose a Fitness Franchise
Other top fitness franchises include 9 Round, which ranked 121st in the 2019 Entrepreneur Franchise 500 list and was founded by IKF Light Middleweight Kickboxing World Champion Shannon Hudson. This franchise offers a combination of traditional cardio, strength-training, and boxing exercises in an engaging circuit-style environment. To become a 9 Round franchisee, you’ll need to have at least $1 million in net worth (assets minus liabilities), and the initial investment ranges from $304,500 to $2,129,500, not including real estate costs.
The Largest Fitness Franchises
Another great option is StretchLab, a practitioner-assisted stretching franchise that’s based out of Los Angeles, California. This fitness franchise uses a patented table that’s designed to improve mobility, reduce pain, and increase muscle function. To qualify for this franchise, you’ll need to have at least $200,000 in net worth and a minimum of $300,000 in liquid capital.
Factors to consider when choosing a fitness franchise
Lastly, we have Fernwood Fitness, which was launched in 1998 and has a total of 215 locations worldwide. This company prides itself on offering a fun and social workout environment that’s free of judgment. This philosophy is reflected in their trademarked slogan, “No Judgments Just Fitness.” Interested candidates can expect to spend between $250,000 and $480,000 on a Fernwood Fitness franchise. This number can vary drastically depending on location, which is why it’s crucial to do your research before selecting a fitness franchise.
Selecting the right fitness franchise
One of the primary advantages of investing in a fitness franchise is the established brand and proven business model. By joining a well-known franchise, you benefit from the reputation and recognition that the brand has already built. This can help attract customers and generate revenue from day one, as customers are more likely to trust a familiar and established brand over a new, independent fitness center.
Additionally, fitness franchises often provide comprehensive training and ongoing support to their franchisees. This can be particularly beneficial for individuals who are new to the fitness industry or entrepreneurship. Franchise companies typically offer training programs that cover various aspects of running a fitness center, including marketing, operations, and customer service. Moreover, ongoing support from the franchisor can help franchisees navigate challenges and make informed business decisions.