Workout Anytime 24/7
24-hour health clubs
- 2023 Franchise 500 Rank
-
#387Not ranked last year
- Initial investment
-
$967K - $2.1M
- Units as of 2022
-
181 4.0% over 3 years
The health and wellness industry is in good shape, and the market is competitive. Founded in 1999, Workout Anytime 24/7 stands out from their competitors because they strive to enable clients to work on their fitness goals and routines around the clock. Workout Anytime 24/7 began franchising in 2005. Currently, there are more than 160 Workout Anytime 24/7 gyms across the U.S.
Why You May Want to Start a Workout Anytime 24/7 Franchise
There is a demand for fitness services, so starting a Workout Anytime 24/7 franchise means you will be in a large and competitive business segment. It is among thetop franchisesin the health and wellness industry. The Workout Anytime 24/7 real estate team will help you get a convenient location with ample parking and visibility, giving you the best chance to attract and retain clients.
随时锻炼24/7系列支持团队will guide you through the entire process of opening a new franchise. They have years of experience and have set up other franchisees. Fitness clientele is attracted to Workout Anytime 24/7 because they make it a goal to provide solutions that cater to all, including the actively aging. Being accessible 24/7, training for small groups and ample gym features gives Workout Anytime 24/7 a competitive advantage.
What Might Make a Workout Anytime 24/7 Franchise a Good Choice?
To be part of the Workout Anytime 24/7 team, you should make sure you’re financially ready for an initial investment that will include a franchise fee and other startup fees. Ongoing fees will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
Clients pay a monthly fee to use the services of your gym franchise. Additional income streams may include add-on features such as tanning beds, personal coaching, hydromassage beds, and more.
How Do You Open a Workout Anytime 24/7 Franchise?
To open a Workout Anytime 24/7 franchise, you must first make an initial inquiry by filling out a form. The initial phone call may then occur; this serves as an introduction to the opportunity and a determinant for moving forward with the process.
Next, you may complete an application. Here, you will provide your financial details, and Workout Anytime 24/7 will conduct a background check. After this, you can then expect to receive a copy of the Workout Anytime 24/7 Franchise Disclosure Document. You are to review it as part of your due diligence process. Due diligence is a step that will allow you to gauge if the venture will be right for you. You will have a chance to contact current franchisees to learn from their experience with Workout Anytime 24/7.
If you continue with the process of opening a franchise with the gym, you are to attend a discovery day. Here, you will directly look at how Workout Anytime 24/7 functions. You will be invited to either headquarters in Alpharetta, Georgia, or to a regional market to complete discovery day. Aside from meeting the team, you may also get a chance to tour a few clubs. If both parties agree, the final step is signing a franchise agreement and getting started with opening your Workout Anytime 24/7 franchise location.
Company Overview
About Workout Anytime 24/7
| Industry | Health & Wellness |
|---|---|
| Related Categories | Fitness |
| Founded | 1999 |
| Parent Company | Workout Anytime Franchising LLC |
| Leadership | Randy Trotter, SVP of Development |
| Corporate Address | 2325 Lakeview Pkwy., #200 Alpharetta, GA 30009 |
| Social | Facebook,Twitter,LinkedIn,Instagram,YouTube,Pinterest |
Business Overview
| Franchising Since | 2005(18 years) |
|---|---|
| # of employees at HQ | 25 |
| Where seeking | This company is offering new franchisees throughout the US. This company is offering new franchisees worldwide. |
| # of Units | 181(as of 2022) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Workout Anytime 24/7 franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
| Initial Franchise Fee
|
$35,000 |
|---|---|
| Initial Investment
|
$967,350 - $2,071,550 |
| Net Worth Requirement
|
$500,000 |
| Cash Requirement
|
$175,000 |
| Veteran Incentives
|
20% off first-unit franchise fee |
| Royalty Fee
|
6% |
| Ad Royalty Fee
|
1-2% |
| Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
一些特许人提供内部融资,而others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | Workout Anytime 24/7 has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory, payroll |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 43 hours |
|---|---|
| Classroom Training | 77 hours |
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
| Can this franchise be run from home/mobile unit?
|
No |
| Can this franchise be run part time?
|
No |
| Are exclusive territories available?
|
Yes |
Interested in ownership opportunities like Workout Anytime 24/7? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Workout Anytime 24/7 landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Workout Anytime 24/7 ranked on other franchise lists? Find out below.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to Workout Anytime 24/7.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
When's the Best Time to Use AI in Your Franchise? The Choice Is Clear.
It's no longer a question of if or when to implement artificial intelligence in training, recruiting and marketing programs, but rather what it has already cost you if you haven't.
Exploring Expansion Strategies for Franchise Success, From Goals to Growth
When you make a decision to franchise, what you're really doing is deciding how you want to grow.
When I Told People How Big This Franchise Could Grow, They Laughed. Now the Joke's on Them.
Why building a successful enterprise in this sector starts with embracing a growth-focused mindset.
How to Run a $259 Million Business While Raising Kids: 'You Go Through a Period, Like, 'Is Everything Gonna Be Okay?''
Jen Lemcke is the CEO of WeedMan, and she wants you to take a deep breath and give yourself some grace.
He Got Bored With Retirement. Now He's Selling $18 Million Annually.
Don Lanier was ready for a change, and that pushed him to succeed. Here's how he did it.
He's Opened 15 Ben & Jerry's. But First, He Learned a Hard Lesson: 'I've Never Worked So Hard to Lose $100K In My Life'
Antonio McBroom is a partner in Ben & Jerry's only Black-owned multi-franchise group, but the path to success was plenty twisty.