At present, gym owners' salaries are between $26,500 (25th percentile) and $78,000 (75th percentile). Top workers (90th percentile) make $140,000 every year across the U.S. The normal compensation range for an exercise center owner differs by as much as $51,500.Feb 13, 2021
Do gym franchises make money?
The franchisor will take a percentage cut directly from your gross profit. This cut is usually a fixed or a progressive fee on the gross profits, depending on the franchise. Most franchises have 5-10% royalty cuts, but some can be lower, and some are higher.
How profitable is owning a gym?
Increase membership revenues - If membership at your gym is $1,000 per year, you only need 100 members to turn over $100,000 in annual revenue. But adding just one new member every week puts annual revenues at $152,000. Adding two new members per week puts it at $204,000.
How much money can you make owning a fitness franchise?
This all being said, how much you buy into a gym franchise to earn good profit can range anywhere from $30,000 to $300,000, depending on location, size, and amenities. This amount does include the initial franchise fee or the amount you will pay in order to use the company's name.Mar 6, 2020
What is the most profitable fitness franchise?
- Anytime Fitness. Initial franchise fee: $3,150 to $42,500. ...
- Orangetheory Fitness. Initial franchise fee: $54,950 to $59,950. ...
- Planet Fitness. Initial franchise fee: $20,000. ...
- Crunch Fitness. Initial franchise fee: $25,000. ...
- Pure Barre. ...
- The Bar Method. ...
- UFC Gym. ...
- Jazzercise Inc.
Is having a gym a profitable business?
In the world of gym ownership, there are three surefire ways to boost profit: ... Increase membership revenues - If membership at your gym is $1,000 per year, you only need 100 members to turn over $100,000 in annual revenue. But adding just one new member every week puts annual revenues at $152,000.
How much does a fitness franchise cost?
The total upfront investment for a gym franchise can fall anywhere between $30,000 and $300,000, including the one-time franchise name fee (ranging from $15,000 to $30,000). Of course, some brands are less expensive than others.
How much money do Anytime Fitness franchise owners make?
On average, Anytime Fitness franchise generates a yearly revenue of $421,800, and the average yearly profit is $114,611 for Anytime Fitness Franchise owner. Anytime Fitness Revenues and profits vary from franchise to franchise depending on the location and membership fee that customers pay.Apr 16, 2020
Is owning a gym a good investment?
Gym ownership doesn't normally come with a fixed salary. Your earnings are dependent on your profit, how many hours you're willing to put in to keep staffing costs down and how much cash you want to reinvest in your business. The good news is, if you run a profitable gym, your salary is really up to you.