The total number of centers in operation by Anytime Fitness has declined over the past three years. As such, we will examine trends in the total number of centers for Anytime Fitness over the past three years, which can be understood as a proxy for the overall growth of the company. Although past performance is no indicator of future success, recent trends in company performance can be an indicator of the underlying strength and viability of Anytime Fitness as a brand. Prospective franchisees should also consider how Anytime Fitness as a company has fared in recent years. Franchisees who own multiple centers are given discounts for the monthly and base technology fees.Īdditional minor fees, such as late charges, interest charges, and relocation fees, vary depending on location and circumstances. A $799 monthly base technology fee ( $720 for Fitness Express centers).Īnytime Fitness reserves the right to periodically increase this fee.A $600 monthly general advertising fee ( $300 for Fitness Express centers), and.A $699 monthly fee ( $449 for Fitness Express centers),.The main fees associated with owning an Anytime Fitness franchise are as follows: A full breakdown of the training program, broken down by hours of training, is shown below. This training program will be either held online or at company headquarters in Minnesota and provides the skills necessary to properly operate an Anytime Fitness center. Such purchased equipment, which includes weights, furnishings, uniforms, and software, is expected to represent over 90% of the total purchases that a franchisee will need to make to begin operations.Īdditionally, Anytime Fitness expects new franchisees to participate in a Training Program before opening their shop. Franchised centers must ensure that all purchased equipment, supplies, and services meet the company specifications as outlined in the Operations Manual. The Anytime Fitness Franchise must be operated in compliance with the Franchise Agreement. Your Estimated Initial Investment Type Of Expenditure All costs presented in the table are nonrefundable. Additionally, these costs are based on the lease for a “vanilla shell” or “as is” space for the operation of the Fitness Centers. These costs are estimates based on costs incurred by recently opened Anytime Fitness franchises. The cost of an Anytime Fitness franchise is estimated to be between $381,575 and $783,897 for standard locations and $290,746 to $584,441 for Fitness Express locations.Ī breakdown of the costs is shown below. Anytime Fitness expects its franchisees to compete with nationally established chain centers, such as 24 Hour Fitness and Planet Fitness, as well as local fitness centers and personal training studios. The fitness center industry is well-established and highly competitive in America. How Is Anytime Fitness Positioned in the Fitness Center Industry? This article will break down the Financial Disclosure Document for Anytime Fitness and provide all the information that prospective franchisees should know before making an investment decision. Stepping into the fitness industry can be a daunting task considering the significant start-up costs and the increasingly competitive nature of the industry. Anytime Fitness Express centers are typically between 1,500 and 4,000 square feet and are located in towns with fewer than 7,000 people. Regular Anytime Fitness centers are typically between 4,000 and 6,000 square feet. ContentsĪnytime Fitness has two types of fitness centers. Prospective franchisees will be happy to hear that Anytime Fitness operates under the franchising model, meaning nearly all of their centers are franchised. It has over 4,000 locations worldwide in over 50 countries, making it one of the largest names in the fitness industry. Anytime Fitness is the fourth largest fitness brand in the United States and currently has over 2,300 locations across the United States. This article is based on the video featured above, originally recorded for Vetted Biz Youtube Channel.Īnytime Fitnessis a Minnesota-based fitness chain that offers access to one-on-one, small, and large group training in exchange for a membership fee.
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