Lyft 24 Franchise FDD, Profits & Costs (2025)
Lyft24 is a modern fitness franchise that redefines the gym experience by prioritizing strength training and recovery rather than traditional cardio. Founded in October 2022 and based in Gilbert, Arizona, the brand started offering franchise opportunities in April 2023.
Members enjoy 24/7 access to facilities designed specifically for strength conditioning, making it an attractive option for those who want efficient and results-driven workouts.
Instead of filling its gyms with cardio machines, Lyft24 focuses on proven strength-based methods, complemented by recovery services such as saunas, ice baths, and red light therapy.
This distinctive model fills an important gap in the fitness industry by helping clients build muscle, increase bone density, and enhance overall wellness. With premium equipment and knowledgeable coaches, Lyft24 delivers a high-quality fitness solution that stands apart from conventional gyms.
Initial Investment
How much does it cost to start a Lyft 24 franchise? It costs on average between $358,000 – $1,931,000 to start a Lyft 24 franchised center.
This includes costs for facility build-out, specialized strength training equipment, wellness and recovery installations, and initial operating expenses. The total investment varies depending on factors such as location, property size, and whether the franchisee chooses to lease or purchase the facility.
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $39,000 |
| Signage | $3,500 to $8,000 |
| Initial Lease Deposit and Rent – First 12 Months | $104,000 to $390,000 |
| Leasehold Improvements | $50,000 to $800,000 |
| Architect | $25,000 to $50,000 |
| Business Licenses | $250 to $500 |
| Payment Processing Set-up | $250 to $2,000 |
| P.O.S. System | $2,500 to $5,000 |
| Initial Start-up Packages, Printing, etc. | $5,000 to $10,000 |
| Legal and Accounting Fees | $500 to $6,500 |
| Initial Inventory and Equipment Package | $40,000 to $400,000 |
| Grand Opening | $10,000 to $15,000 |
| Initial Advertising / Marketing of Franchised Unit | $32,000 to $50,000 |
| Insurance and Membership Bonds | $1,000 to $5,000 |
| Additional Funds – 12 Months | $45,000 to $150,000 |
| Total | $358,000 to $1,931,000 |
Download the Franchise Disclosure Document
Frequently Asked Questions
How many Lyft 24 locations are there?
As of the latest data, Lyft 24 operates two open locations, one in Casa Grande, Arizona, and another in Edmond, Oklahoma
What is the total investment required to open a Lyft 24 franchise?
The total investment required to open a Lyft 24 franchise ranges from $358,000 to $1,931,000.
What are the ongoing fees for a Lyft 24 franchise?
As an ongoing fee for operating a Lyft 24 franchise, the franchisee must remit a 6% royalty fee based on monthly sales, plus a marketing/advertising contribution, for which the exact structure (flat rate or percentage) has not been disclosed in current documentation.
What are the financial requirements to become a Lyft 24 franchisee?
Lyft 24 franchisees are required to have at least $150,000 in liquid capital and a minimum net worth of approximately $500,000 to $600,000 to qualify. These financial requirements ensure that franchisees have the resources to cover the initial investment and sustain operations during the early stages of business growth.
Who owns Lyft 24?
Lyft 24 franchise is owned by Lyft 24 Franchising, LLC, a company based in Gilbert, Arizona.
Disclaimer
Disclaimer: This content has been made for informational and educational purposes only. We do not make any representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the information presented in the article. You should not construe any such information or other material as legal, tax, investment, financial, or other professional advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.
All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial and/or legal advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.
