Workout Anytime is a 24/7 fitness center offering memberships, personal training, and group classes. The franchise provides accessible, affordable wellness facilities.
Key Insights
- Workout Anytime began with a vision to provide accessible fitness solutions, evolving into a network of gyms offering flexible membership options and a community-focused approach to health and wellness across various locations.
- The franchise operates a model centered on providing members with opportunities for fitness at convenient times and locations, supported by a streamlined operational structure designed for scalability and member retention.
- The business operates within the health and fitness industry, a sector focused on promoting physical well-being and active lifestyles, driven by consumer demand for convenient and effective exercise experiences.
Franchise Fee and Costs to Open
Exploring the financial picture of Workout Anytime gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $1,060,850 - $1,840,550, along with a franchise fee of $45,000 - $45,000.
Financial Performance and Revenue
Yearly gross sales of $460,256 and estimated earnings of $55,231 - $69,039 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 24.3-26.3 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Workout Anytime provides comprehensive training and resources for new franchisees. The initial training program, lasting two weeks, is delivered at their corporate headquarters. This program offers guidance on operational procedures and brand standards. Workout Anytime also provides marketing materials and ongoing support to assist with launch and continued business development. Access to operational manuals and a dedicated support team are part of the resources offered.
Legal Considerations
Legal considerations for a Workout Anytime franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Franchisees might encounter challenges related to saturated local markets with established fitness centers and gyms, requiring a strong understanding of differentiation and value proposition. Operational complexities can arise from managing staff, ensuring equipment maintenance, and adhering to brand standards. Reliance on specific suppliers for equipment and consumables also presents a consideration for consistent inventory availability.
Franchise Datasheet
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