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#Anytime fitness new orleans proRELATED: FDD Talk 2014: Our Latest Views on Anytime Fitness’ Pro Forma Profit and Loss Statements #Anytime fitness new orleans plusone located in an area having less than 5,000 people living within a 5 mile radius of the center), the initial investment should range from $55,350 to $199,525 for a new franchisee with an $18,000 initial franchise fee plus additional items ranging in cost between $4,566 and $27,268.Īnytime Fitness is perceived as an affordable investment for franchisees and is often noted for its flat-fee royalty of $499 per month. Those items range in total cost from $4,866 to $32,068.įor an Anytime Fitness Express center (i.e. That includes an initial franchise fee of $32,500 for a new franchisee, as well as the cost of certain items that most franchisees purchase from affiliates before they begin operating. FDD Stats Anytime Fitness Center InteriorĪccording to the company’s Franchise Disclosure Document, the total investment necessary to begin operation of an Anytime Fitness center is between $78,700 and $371,175. They retain ownership in the company.Ĭiting data from the International Health, Racquet and Sportsclub Association’s 2013 Global Report, a company release issued when Planet Fitness hit the 5 million-member mark earlier this year reported that it owns a 10 percent market share of the more than 50 million health club members in the United States. The company’s longtime operations guy, Chris Rondeau, is the chief executive officer, while brothers Marc and Mike Grondahl serve as chairman of the board of directors and board member, respectively. About 54 Planet Fitness gyms are corporate-owned with the remainder independently owned and operated by franchisees. The company prides itself on giving people value with brand-name cardio and strength equipment as well as fitness instruction. Planet Fitness has some 830 locations in the United States with the greatest concentrations in the Northeast, Texas, Florida and the Carolinas. The company has also passed the 2 million-member milestone. At the end of 2013, just 17 Anytime Fitness stores were company-owned with the rest operated by franchisees. The company added 338 stores in the last year alone and as it expands in Europe and Southeast Asia, it plans to add another 1,500-plus units over the next five years. states and global expansion has seen units open in some 20 countries, including Canada, Mexico, Australia, New Zealand, United Kingdom, Grand Caymen, Poland, the Netherlands, Spain, Qatar, India, Chile, Japan and Singapore. In the course of a decade, Anytime Fitness has grown to some 2,500 units, a feat that took Subway more than 20 years to accomplish and McDonald’s more than 30. The policy is intended to create an intimidation-free atmosphere for beginners. While the low-cost business model is still the essence of the brand, the gym has also trademarked the “No Judgment Zone,” which means serious bodybuilders and gym bunnies need not apply. #Anytime fitness new orleans free□ Is Franchising a Path for You? Watch Our Must-See Free Webinar (Live or Recorded) □How Much Franchise Can You Afford? Use Our Free Financial Calculator □Find GOOD Franchises That Are Still Available in Your Target Area (Free Tool) After acquiring a struggling, conventional big-box gym, Michael Grondahl developed a new business model that focused on providing casual and first-time gym users an affordable basic membership of just $10 per month, while concentrating on essential equipment and amenities and paring down those that were marginally used, such as a juice bar and pool. Based in Newington, N.H., the company began franchising in 2003. Planet Fitness has been around since 1992 when it was co-founded by brothers Michael and Marc Grondahl. The business model is a streamlined version of the big-box gyms, offering the basics in a more intimate environment for those interested in getting fit. The founders were experienced in health club management prior to founding Anytime Fitness and while Klinger has left the company for other pursuits, Runyon and Mortensen continue to run the franchise, which is continually upgrading technology that plays a large part in membership acquisition and retention.Īnytime Fitness runs 24-hour facilities that members can access 365 days a year with a keycard. The Historiesįounded in 2002 by Chuck Runyon, Dave Mortensen and Jeff Klinger, Anytime Fitness is currently based in Hastings, Minn., and has experienced explosive growth during the last decade by stressing convenience to its members. The answer depends on what type of business the new owner wants to run with each successful brand offering its own distinct advantages for owner/operators. So which one is a more sound investment for a potential franchisee? RELATED: Franchise Chatter Guide: What Investors Need to Know Before Jumping Into the Fitness IndustryĪside from the disparity in their initial investment amounts, there are fundamental differences in how the two brands operate and market themselves yet, there are also many similarities. ![]()
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