Top of the list for 2016 is Planet Fitness, with 8.9 million members, up from 7.3 million. What is the biggest gym chain in the world? Spanning an impressive 1100 sqm and looking spectacular, the gym’s average membership costs sits at around £30,000 a year. Located in Belgrade, Serbia, and designed by 4of7 the Wellness Sky has become known as the world’s most expensive gym. Planet Fitness currently has over 1,200 locations in America. #1: Planet Fitness Club Industry lists Planet Fitness’ reported revenue as $429.9 million in 2017 (this amount is from its corporate-owned locations and franchisee fees but not the revenue earned by each franchisee). Larger gyms can make up to 10 times as much money. According to the AFS 2016 Marketing Best Practices Research Report, a typical small fitness center in the U.S. How much revenue does a gym make?Īfter a year, a successful gym will generate at least $20,000 per month. Gyms and health clubs have not figured out yet how to make working out fun. #1 problem in the fitness industry is that people are not sufficiently motivated to workout, so overall enrollment in fitness programs remains low, and obesity levels remain high. “Another common misconception that many new gym owners have is that the gym will sell itself.” What is the biggest problem in the fitness industry? “Other than being under-capitalized, the biggest reason we see for health club failure is lack of business know-how and lack of proper implementation of sales and marketing strategies,” points out Thomas. Personal training, classes, selling gym apparel, consumables and health and weight-loss products are just some of these ways. Is it worth buying a gym franchise?Ī gym franchise gets most of its revenue from membership fees, but it can also provide plenty of other ways to earn extra income. Each member has the option to pay in full or pay dues each month via EFT (Electronic Funds Transfer). We will recommend a monthly dues program with a one-time enrollment fee. How does an Anytime Fitness club create revenue? The majority of your revenue will come from membership sales. What is the average profit margin for a gym?Īccording to the 2017 IHRSA Profiles of Success, the “Pro-Shop/Retail” category yields a median margin of 16.5% for all clubs 15.5% for multipurpose clubs and 20% for fitness-only clubs. Self Esteem Brands Applauds Successful Initial Public Offering (IPO) of Anytime Fitness Master Franchisee on Tokyo Stock Exchange | Financial Post. Is Anytime Fitness a publicly traded company? There are 2,374 Anytime Fitness locations in the United States as of July 04, 2022. How many Anytime Fitness locations are there 2022? They have constantly found ways to innovate their business model, which is based on providing consumers a gym membership that is convenient and affordable. What is Anytime Fitness business model?Īnytime Fitness has built a strong business model built around the creativity we just discussed. We targeted a broad audience focusing on male and females aged 18-45 who are interested in fitness and strength training and are within 3 miles of the gym. A location for every 113709 people, with about 10% of the total number of Anytime Fitness locations. Who is the CEO of Anytime Fitness?Ĭhuck Runyon – CEO, Co-Founder – Self Esteem Brands, LLC, Anytime Fitness, Waxing the City, The Bar Method, Basecamp Fitness | LinkedIn. Its 400+ clubs can be found in 17 states (as well as Asia as “California Fitness” clubs). But your profits for the first financial year could be as little as $50,000.Ģ4 Hour Fitness is the largest privately held fitness chain. The general setup costs for a medium-sized gym is around $100,000. Market research across the USA shows that a gym owner of a medium-sized gym could earn around $150,000 per year. According to Investopedia, most franchise owners take home around $50,000 per year, but about 7% of franchise owners earn more than $250,000 per year. Yes, fitness franchises offer great profits but not as much as you might think. How much do fitness franchise owners make? These core values have driven the success of this business model, turning Anytime Fitness into the fastest growing franchise in the world. The Anytime fitness concept is based on providing a warm, friendly workout environment and 24/7 gym access at affordable prices to people who live or work nearby. Entrepreneur released its full 2021 Franchise 500 list in January. Nomber_key:00030324 What is the best state to open a gym? How many Anytime Fitness locations are there in 2021?Īnytime Fitness has more than 4,000 franchise locations on all seven continents – more than half outside the United States in more than 30 countries.
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