Fitness is a booming industry. This is more than just a trend. It has become more of a lifestyle for people around the world. If you are thinking of opening a new business, then considering franchises can be an excellent idea.
Those wanting to invest in the fitness industry are faced with a wide range of options. There are many well-established franchises out there, as well as a number of more “boutique” fitness trends that can offer some amazing returns. Whichever route you choose to take, this can be a lucrative and highly rewarding business.
The Top Fitness Franchises To Consider
Looking for the fastest growing fitness franchises? With so many different brands, workouts, and trends out there, deciding on the right franchise can be a real challenge. Here are some of the top options to consider right now.
Planet Fitness can be thought of as the most successful fitness franchise in the world, so it is definitely worth considering. One of the great things about opening a franchise is that you get to work with an already established brand. Planet Fitness has been going strong since 1992 and boasts around 1,608 different locations. This gym also has the lowest membership fees in the US.
Orangetheory, founded in 2010, is looking to expand on its global franchises. This business focuses on a lot of cardio-based workouts and classes. These are combined with heart-rate monitors for participants to watch their health data throughout the workout. Orangetheory franchises show plenty of potential.
F45 focuses on 45 minute HIIT (high-intensity interval training) style workouts. This brand, founded in Australia, is one of the fastest-growing HIIT franchises in the world. F45 has a very dedicated community, as well as relatively low startup costs for a franchise. This means that there is the potential for great returns.
Founded in 1989, Crunch Fitness continues to be one of the most exciting gym franchises out there. This brand focuses on fun and innovative fitness classes, such as yoga cycling, action wrestling, and hip-hop aerobics. Crunch Franchise started in 2010 and boasts a large membership network.
If you are interested in a franchise with a low startup cost, then Jazzercise is a great option. This is one of the cheapest franchises to start, as all you really need is a certified instructor. Jazzercise franchises do not necessarily require a physical location. This is one of the reasons why this is such a popular fitness option - with over 8,000 franchises worldwide.
Anytime Fitness boasts 4,081 franchise locations around the world. This gym is known for its low membership fees and a wide range of workout plans. This is all available with your membership access card. Unlike traditional gyms, Anytime Fitness offers virtual classes on large screens instead of live classes. Anytime Fitness began franchising in 2002 and has grown into a big name in the fitness industry.
Burn Boot Camp
Burn Boot Camp was one of the fastest-growing fitness franchises in 2018. With over 204 locations, Burn Boot Camp has a client base of around 65,000. Burn Boot Camp is all about empowering women through physical and emotional strength. The brand began franchising in 2014.
Why Choose Fitness Franchises
Investing in fitness franchises is a great way for people to start a business without having to build a brand first. Franchises help investors to overcome a number of initial challenges. In the fitness world, this can mean an already established membership base, well-loved workouts, and an easily-recognizable name.
Franchises also provide support systems for the investor. Things such as marketing campaigns, management systems, and innovative ideas are readily available within the established business. This means that when you open up a franchise, you already have access to a pool of valuable resources to help your business grow.
When people sign up for a new gym membership, they will want to be comfortable in understanding what they are getting out of it. Having an established brand behind you can provide this. With so many different options available to the consumer in the fitness world, already successful franchises are a smart solution.
Things To Consider
All franchises are different - offering unique opportunities and advantages. Once you know what you are looking for in a fitness franchise, there are a couple of different things to consider to help refine your search. Here are some of the important considerations.
- Total investment required - includes franchise fees, training expenses, real-estate costs, inventory, marketing, equipment, etc.
- Competition - understanding your competitors based on your location is critical
- Ongoing costs - includes expenses that recur after opening. Things such as marketing fees, salaries, security, royalties, etc.
- Training and support - this is one of the main reasons to opt for a franchise. Understand the kind of support that your franchise offers and how you can access this.
Investing in fitness franchises is a great way of getting your foot in the door of this growing industry. People are becoming increasingly involved in fitness and franchises present an easier solution for those wanting to establish a new business. This list of some of the fastest-growing fitness franchises offers some brilliant potential for growth and returns.