Quick Answer: Is Anytime Fitness Worth?

How much does it cost to startup an Anytime Fitness?

How much are the franchise fees.

In comparison to other franchises, the fees for Anytime Fitness are considerably lower.

Our fee structure includes a one-time $42,500 franchise fee and an ongoing $699 monthly payment..

How do I start my own gym business?

Start a gym by following these 9 steps:STEP 1: Plan your Business. … STEP 2: Form a legal entity. … STEP 3: Register for taxes. … STEP 4: Open a business bank account & credit card. … STEP 5: Set up business accounting. … STEP 6: Obtain necessary permits and licenses. … STEP 7: Get Business Insurance. … STEP 8: Define your brand.More items…

What is the cheapest franchise to start?

Low-Cost/Cheap FranchisesCruise Planners. Franchise fee: $10,995. Initial investment: $2,095 to $22,867. … SuperGlass Windshield Repair.JAN-PRO.Jazzercise. Franchise fee: $1,250. Initial investment: $2,500 to $38,000. … Dream Vacations. Franchise fee: $495 to $9,800. Initial investment: $3,245 to $21,850.

Who is the CEO of Anytime Fitness?

Chuck Runyon (Jan 2010–)Anytime Fitness/CEO

How much money does an Anytime Fitness owner make?

The typical Anytime Fitness Owner Operator salary is $40,692.

What happens if you don’t pay Anytime Fitness?

5.1 If your bank fails to make a due direct debit payment from your account, we will write to advise you of this. … During any period in which membership fees are not paid Anytime Fitness may suspend your membership and deactivate your key access card so that you cannot access the Club.

How many members does the average Anytime Fitness have?

806 membersThe average number of members per Anytime Fitness club open at least one year also increased nearly five percent from 769 to 806 members. “As our franchisees and members can attest, one of the key ingredients to our success is the personal attention we offer our customers,” said Chuck Runyon, CEO of Anytime Fitness.

Does Shaq own 24 Hour Fitness?

Shaq also has investments outside of the food industry. He reportedly owns 40 24-hour fitness gyms and 150 car washes, according to The Hustle.

Is Anytime Fitness a profitable business?

But the Anytime Fitness franchise dominates the market surpassing all other franchises by the pervasiveness of locations alone. The company’s revenue has arrived at $1 billion in sales revenue and claims to open a location every day with a member joining every 3 minutes.

How much does Anytime Fitness cost per month?

Anytime Fitness membership fees and contracts depend on the kind of membership you apply for and the location, but the average cost is typically $30 to $36/month; however, in other clubs, the membership fee is $44 for a single monthly membership and $39 for a 12-month membership.

How much does a 24 hour fitness franchise cost?

Investing in one of these types of fitness franchises will cost you between $175k-$200k total and you’ll want to be a multi-unit owner. As an owner, you are not really expected to physically run the clubs.

What happens if I stop paying my Anytime Fitness membership?

“If you refuse to pay (or never answer a request for payment), the gym will probably cancel your membership. It is unlikely that the gym itself will go through the trouble of suing you for the balance.” Hey that sounds easy, but unfortunately: “They will sell your balance to a debt collector.

What is the cheapest gym to join?

Five most affordable gym membershipsPlanet Fitness. Planet Fitness advertises itself as a gym for people who don’t like gyms, with ads referring to every Planet Fitness location as a “Judgement Free Zone.” … Cardinal Fitness. … Your Local YMCA. … Gold’s Gym. … LA Fitness.

Can you negotiate a gym membership?

You may find membership discounts or deals on classes on a gym’s website or through sites such as Groupon, Kufahl says. Negotiate a deal. When you decide which club you’d like to join, speak with a manager instead of a salesperson. Managers are more likely to be able to negotiate a better gym membership price for you.

Does Anytime Fitness have discounts?

Yes! Anytime Fitness has an educational discount available to students.

Why is Anytime Fitness so successful?

The Anytime fitness concept is based on providing a warm, friendly workout environment and 24/7 gym access at affordable prices to people who live or work nearby. These core values have driven the success of this business model, turning Anytime Fitness into the fastest growing franchise in the world.

Who is Anytime Fitness owned by?

Chuck Runyon, Dave Mortensen, and Jeff Klinger founded Anytime Fitness in 2002. Runyon is the CEO of the company. Anytime Fitness was the fastest growing health club franchise in 2014.

Can you cancel anytime fitness?

Almost all gyms currently have month to month contracts that you can cancel at anytime. … To cancel your Anytime Fitness membership, you will need to visit the gym you signed up at during hours with staff available. … You may be able to cancel without paying a fee if you move to an area without an Anytime Fitness.

What is the best gym franchise to own?

5 of the Best Fitness Franchises You Can Buy.Anytime Fitness.Orangetheory Fitness.Planet Fitness.Crunch.Jazzercise.

Can you use all Anytime Fitness gyms?

Yes, globetrotter! When you are a part of the Anytime Fitness family, you can work out at gyms nationwide AND around the globe thanks to our worldwide club access. Think of it as a global membership plan.

Is there a fee to cancel Anytime Fitness?

Anytime Fitness Cancellation Process You will then need to let the staff know you wish to cancel and provide a written notice by filling out the Anytime Fitness cancellation form. If you cancel before your membership period is up, you may need to pay a cancellation fee of anywhere between $40 and $60.