Staying in shape is one of the most popular New Year’s resolutions. In fact, according to a 2017 survey from the International Health, Racquet & Sportsclub Association, 10.8% of all gym membership sales in 2016 took place in January, the most of any month of the year.
So, it seems like everyone is hitting the gym lately – and entrepreneurs are hitting up new business opportunities right along with them!
According to Statista, gym and health club membership totals in the United States have surged from 32.8 million in 2000 to almost 60.9 million in 2017. As a result, the gym and fitness franchise industry has greatly increased over the past 20 years. Per IBIS World, the industry has seen an annual growth rate of 6.3% between 2014 and 2019, with revenue reaching $4 billion in 2019 alone.
Not surprisingly, more and more entrepreneurs are looking into how to start a gym franchise of their own to cash in on the fitness trend that’s gripped the U.S. in recent years.
Here’s AskMrFranchise’s picks for the best gym franchises and fitness franchises based on our research.
1. Anytime Fitness
Initial Franchise Fee: $21,000 – $42,500
Startup Costs: $78,012 – $521,437
Established in 2002, Anytime Fitness is a gym franchise that pitches itself as a fitness family rather than just another gym.
Hosting a variety of classes for people of all fitness levels and ages, Anytime Fitness offers personal training, cardio and body conditioning classes, team workouts, Zumba, spin classes, yoga, and more. Membership benefits also include 24-hour access, wellness programs, and health plan discounts.
2. Retro Fitness
Initial Franchise Fee: $69,000
Startup Costs: $944,000 – $1,592,250
Retro Fitness, founded in 2004, has more than 150 locations across the United States and is known for its affordable memberships and wide variety of exercise programs.
Retro Fitness memberships include access not only to fitness training equipment and training sessions, but also juice bars and tanning booths. The fitness franchise also goes above and beyond by offering hydromassages, child sitting, a membership rewards program, and more.
Initial Franchise Fee: $60,000
Startup Costs: $319,150 – $497,200
Founded in 2004, CycleBar has been at the forefront of the recent cycling trend. Known for offering high-intensity, all-inclusive indoor cycling experiences for customers, this fitness franchise rests on three key pillars: CycleStars, CycleBeats, and CycleStats.
CycleStars are the dedicated instructors who help customers reach their fitness goals, CycleBeats is the company’s proprietary music playlist to enhance the customers’ experience, and CycleStats monitor a customer’s performance and progress.
4. Club Pilates
Initial Franchise Fee: $60,000
Startup Costs: $167,967 – $280,446
Club Pilates, established back in 2007, is another great opportunity for fitness-focused entrepreneurs.
The franchise has led the Pilates trend for years, offering classes at various levels as well as introduction classes, cardio, stretching, and classes specifically for teenagers. Club Pilates also offers personalized training sessions and flexible membership packages.
5. Get In Shape for Women
Initial Franchise Fee: $15,000
Startup Costs: $83,220 – $176,076
Get In Shape for Women is a unique fitness franchise designed specifically to empower women with a strength, cardio, and HIIT exercise regimen.
Founded in 2006, this fitness franchise is a good choice for entrepreneurs interested in women’s health. Get In Shape for Women stresses personal training and is grounded in four major components: cardio, weight training, nutrition, and accountability. Arranged organic meals are another component of this franchise, making it far more than just your average gym!
By Steve Longo and Jim Notaris
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