Best 4 fitness franchises to consider buying
Are you a health-conscious person looking to start a business? Do you want to help others achieve their fitness goal? If yes, creating a fitness franchise business may be one of the best and the least risky options. Owning a franchise would help you as you would be backed by an acclaimed brand that would, in turn, result in a solid customer base. Here are some best fitness franchises you can consider:
Anytime Fitness
Anytime Fitness, established in 2002, is one of the leading franchises. It is headquartered in Woodbury, Minnesota, and is a subsidiary of Self Esteem Brands, LLC.
Planet Fitness
Planet Fitness, founded in 1992 and based in Hampton, New Hampshire, is the franchisor and operator of fitness centers.
Crunch Fitness
Crunch Fitness, incorporated in 1989 by Doug Levine, a former stockbroker, is a US-based brand of around 400 franchises owned by corporates and fitness clubs. It works and markets itself based on the tagline “No Judgments.” Crunch Fitness believes it is an unfiltered philosophy, making them craft the community and the gym for all. It works on the values of positivity, fun, and inclusivity and believes in encouraging, empowering, and entertaining. So, if you are also willing to follow these values, then Crunch Fitness may be the right franchise choice or opportunity for you. The initial franchise fees are $25,000, and they offer personalized support. The royalty fees are 5% of monthly total gross sales, and the advertising fees are 2% of the monthly gross sales.
Orangetheory Fitness
Orangetheory Fitness (OTF), established in March 2010 by David Long, Ellen Latham, and Jerome Kern, is one of the renowned boutique fitness studio franchises. It is based in Boca Raton, Florida. This fitness brand has over one million members as of 2020. This fitness boutique has over 1300 studios expanded across 23 countries and 50 states. It works and operates on serious technology wherein heart rate monitors are worn around the forearm, chest, or wrist. All metrics are visible on the studio’s screens and depicted on tablets attached to the rowers or treadmills in the updated studios. The initial franchise fees are $54,950 to $59,950, and the initial franchise terms are ten years. There is a royalty fee of 8% of the monthly gross sales.
