Opening a fitness franchise is a great way to break into a booming industry with the guidance of an experienced industry player. If you’ve been wondering “How much does it cost to open a gym?” Workout Anytime has just the investment breakdown you’ve been looking for. Thanks to our many years in business, we’ve developed a comprehensive investment plan for our new franchisees. We can help you anticipate just about every cost associated with opening one of our gyms. Let’s take a closer look at the breakdown of an investment in Workout Anytime.
How Much Does It Cost to Open a Gym?
Estimated Total Initial Investment
The total cost of opening a gym franchise varies on many factors, including size and location. When you partner with Workout Anytime, we estimate that you’ll spend approximately $967,350 to $2,071,550 on your new business. This comprehensive figure includes many key costs associated with opening a gym and covers just about everything you’ll need to get up and running. Keep reading to learn more about some of the key figures included in your investment.
Initial Franchise Fee
To open a Workout Anytime franchise, you’ll pay a one-time franchise fee. Many investors wonder why they should go the franchise route when they’re expected to pay a franchise fee when they could simply open a business independently. The truth is that your initial franchise fee is your ticket to keeping other costs low. Independent business owners often have no one to help them identify efficient processes and procedures, no established relationships with vendors, and only a vague idea of how to most efficiently manage a gym. If you’ve been wondering “How much does it cost to open a gym?” you’ve likely found that it’s difficult to answer this question on your own. However, working with an established franchisor like Workout Anytime can help you keep your costs low by sharing our time-tested business model, connecting you with our trusted real estate and marketing resources, and helping you set up your new location as efficiently as possible. Thus, opting to franchise with Workout Anytime is one important way to manage your investment wisely.
Of course, a key expense of opening a gym is exercise equipment. We estimate that our franchisees will spend at least $325,000 on the equipment they’ll need to keep their clients working out. As you can see, exercise equipment makes up a large share of the estimated total investment! When you partner with Workout Anytime, you can help manage these costs by taking advantage of the relationships we’ve built with equipment manufacturers and suppliers. With our help, you can rest easy knowing that you’re getting a great deal on the equipment you need.
… And Much More!
As you can imagine, there are many more items that are included in your initial investment. From marketing expenses to the travel costs associated with attending our comprehensive training program, your initial investment gives you access to everything you need to get your new franchise up and running! Franchising with Workout Anytime is a great way to reduce the likelihood of encountering unexpected costs as you work toward opening your new gym.
How much does it cost to open a gym? At Workout Anytime, we can help you find the answer. We hope we’ve given you a better idea of what’s involved in opening a Workout Anytime franchise! Contact us today to learn more about what you can expect to invest.