Anytime Fitness Franchise FDD, Profits, Costs & Fees (2024)
Anytime Fitness, the world’s largest fitness franchise, started in 2002 with its first club in Cambridge, Minnesota. The brand’s focus was on convenience and accessibility. Its headquarters remains in Minnesota, reflecting its commitment to its roots.
A key feature of Anytime Fitness is its 24/7 access, allowing members to work out anytime, catering to different schedules. This flexibility sets it apart in the competitive fitness market.
The franchise also offers personalized coaching, supported by digital tools, training programs, and holistic health services. This tailored approach enhances the fitness experience for its members.
Anytime Fitness Franchise Stats
Anytime Fitness
Number of units: 2,318 franchises
Initial investment: $389,000 - $970,000
Average revenue (AUV): $379,000
Anytime Fitness Franchise Initial Investment
It costs on average between $389,000 – $970,000 to start a Anytime Fitness franchised studio.
This includes costs for construction, equipment, inventory, and initial operating expenses. The exact amount depends on various factors, including the type of facility you choose, the location, and whether the franchisee chooses to lease or purchase the property. Indeed, Anytime Fitness offers 2 types of franchises:
| Franchise | Initial Investment Range |
|---|---|
| Anytime Fitness Express | $388,966 to $697,577 |
| Anytime Fitness Center | $474,552 to $970,097 |
We are summarizing below the main costs associated with opening a Anytime Fitness Center franchise. For more information on the various types of franchises and its costs, refer to the Franchise Disclosure Document (Item 7).
Anytime Fitness Center
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise/ Development Fee | $42,500 |
| Travel and Training Expenses | $1,500 – $1,875 |
| Leasehold Improvements | $114,000 – $505,000 |
| 3 Months’ Rent + Security Deposit | $30,000 – $48,000 |
| Construction Management Fees | $0 – $14,000 |
| Architect/Design Fees | $12,000 – $20,000 |
| Fitness Equipment | $133,000 – $153,000 |
| Technology Equipment Package | $32,000 – $36,000 |
| Supplies | $4,000 |
| Interior & Exterior Signs | $26,000 – $39,000 |
| Miscellaneous Opening Costs | $9,000 – $16,000 |
| Pre-Sale/Grand Advertising | $11,000 – $23,000 |
| Insurance/Bond | $3,000 |
| Furniture & Fixtures | $12,000 – $17,000 |
| Additional Funds – 3 Months | $46,000 – $48,000 |
| Total | $475,000 – $970,000 |
Anytime Fitness Franchise Average Revenue (AUV)
A Anytime Fitness franchised studio makes on average $379,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $1,173,000 yearly revenue for similar gym franchises. Below are 10 Anytime Fitness competitors as a comparison:
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Anytime Fitness Franchise Disclosure Document
Frequently Asked Questions
How many Anytime Fitness locations are there?
As of the latest data, Anytime Fitness operates over 5,200 locations globally, with the vast majority being franchise-owned. The company has only a small number of company-owned locations, currently standing at 38 company-owned gyms.
In the United States, there are 2,328 locations spread across all 50 states, with Texas having the highest concentration of clubs. This franchise model has allowed Anytime Fitness to expand rapidly, both in the U.S. and internationally.
What is the total investment required to open a Anytime Fitness franchise?
The total investment required to open a Anytime Fitness franchise ranges from $474,552 to $970,097 for the Anytime Fitness Center.
What are the ongoing fees for a Anytime Fitness franchise?
Anytime Fitness franchisees must pay a royalty fee of $699 per month, though, in some instances, it can reach up to 7% of gross revenue. This fee helps support the franchisor’s continued assistance with operational support, technology, and brand maintenance.
Additionally, the advertising/marketing fee is typically $600 per month per center. However, there is an allowance for this fee to be adjusted to 2% of gross revenue in certain cases, depending on the specific terms of the franchise agreement. This fee is crucial for supporting both local and national marketing campaigns aimed at maintaining brand visibility and attracting new members.
What are the financial requirements to become a Anytime Fitness franchisee?
To become an Anytime Fitness franchisee, there are specific financial requirements that must be met. The minimum net worth requirement is typically $300,000, and franchisees are also required to have at least $100,000 in liquid assets.
These financial qualifications ensure that potential franchisees have the necessary resources to cover startup costs, ongoing expenses, and any unforeseen financial demands during the initial phases of the business.
How much can a Anytime Fitness franchise owner expect to earn?
The average gross sales for a Anytime Fitness franchise are approximately $0.38 million per location. Assuming a 15% operating profit margin, $0.38 million yearly revenue can result in $57,000 EBITDA annually.
Who owns Anytime Fitness?
Anytime Fitness is owned by Self Esteem Brands, which was co-founded by Chuck Runyon and Dave Mortensen. The two entrepreneurs started Anytime Fitness in 2002, and the company quickly grew into one of the largest fitness franchises worldwide.
In 2014, Roark Capital Group acquired a significant minority share in Anytime Fitness, which provided the company with additional financial support for further expansion.
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