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Description
Investment Icon

What Are the Initial Investment Requirements for a Fitness Together Franchise?

To open a Fitness Together franchise, the initial investment ranges from $245,341 to $500,636. This includes a franchise fee of $40,000, along with other startup costs. Potential franchisees should also be prepared to meet cash requirements between $245,341 and $465,636 and have a net worth of $300,000 to $500,000. Understanding these financial commitments is crucial for assessing your readiness to invest in this franchise opportunity.

Fees Icon

What Are the Ongoing Fees Associated with a Fitness Together Franchise?

Fitness Together franchisees are subject to ongoing fees, including a royalty fee of 6% of gross sales and a marketing fee of 2%. These fees are essential for maintaining brand standards and supporting marketing efforts. Aspiring franchisees should factor these ongoing costs into their financial planning to ensure sustainable profitability over time.

Revenue Icon

What Is the Average Revenue Potential for a Fitness Together Franchise?

The average annual revenue per unit for a Fitness Together franchise is approximately $477,995, with a median of $401,377. However, revenue can vary significantly, with the lowest annual revenue recorded at $54,791 and the highest at $1,574,767. This variability highlights the importance of location, management, and marketing strategies in determining the financial success of each franchise unit.

Breakeven Icon

What Is the Expected Breakeven and Payback Period for a Fitness Together Franchise?

Franchisees can expect to reach breakeven within 18 months and achieve investment payback in about 24 months. These timelines are essential for prospective franchisees to understand, as they provide a framework for evaluating the financial viability of their investment and the potential for early profitability in their Fitness Together franchise.

Fitness Together Franchise Financial Requirements

Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.

Net Worth Required icon The minimum total assets (minus liabilities) you must possess.

i Net Worth Required:

$300,000 - $500,000
Investment Payback icon The estimated period to recoup your total investment.

i Investment Payback:

24 Months
Franchise Fee icon The initial fee paid to join the franchise system.

i Franchise Fee:

$40,000
Royalty Fee icon Ongoing percentage of revenue paid to the franchisor.

i Royalty Fee:

6%
Marketing Fee icon Regular contribution toward the franchise’s advertising fund.

i Marketing Fee:

2%
Breakeven Time icon The estimated timeframe to recover your initial costs.

i Breakeven Time:

18 Months
Initial Investment icon The total amount required to launch the franchise.

i Initial Investment:

$245,341 - $500,636
Cash Required icon The minimum liquid capital you must have on hand.

i Cash Required:

$245,341 - $465,636
Average Revenue icon The typical yearly revenue generated per franchise location.

i Average Revenue:

$477,995
Median Revenue icon The middle value of yearly revenue among franchise locations.

i Median Revenue:

$401,377
Highest Revenue icon The largest reported annual revenue among franchisees.

i Highest Revenue:

$1,574,767
Lowest Revenue icon The smallest reported annual revenue among franchisees.

i Lowest Revenue:

$54,791
Industry icon A broad sector defining similar types of franchise businesses.

i Industry:

Fitness Franchises
Category icon A more specific division within the broader industry.

i Category:

Personal Training
Leadership icon The key individuals guiding the franchise’s strategy and growth.

i Leadership:

Joe Luongo
Corporate Address icon The official business address of the franchisor’s headquarters.

i Corporate Address:

9780 South Meridian Boulevard, Suite 400 Englewood, Colorado 80112
Funding Year icon Available financing options to help start the franchise.

i Funding Year:

2015
Parent Company icon The main organization that owns the franchise brand.

i Parent Company:

WellBiz Brands

Fitness Together Franchise Unit Growth Summary

A breakdown of corporate, franchised, and total units, with yearly net changes.

The overall number of operating franchise locations.

Total Units i

96
The number of locations owned by independent franchisees.

Franchised Units i

96
The number of locations owned and run by the franchisor.

Corporate Units i

0
Units 2021 2022 2023
Total Units 115 106 96
Net Change YoY -9 -10
Franchised Units 115 106 96
Net Change YoY -9 -10
Corporate Units 0 0 0
Net Change YoY 0 0
Investment About

Investment Overview

The Fitness Together franchise requires an initial investment ranging from $245,341 to $500,636. This includes a franchise fee of $40,000. Potential franchisees should be prepared for a cash requirement between $245,341 and $465,636, along with a net worth requirement of $300,000 to $500,000. These financial commitments are essential for establishing a successful fitness studio.

Potential About

Revenue Potential

The average annual revenue per Fitness Together unit is approximately $477,995, with a median annual revenue of $401,377. This highlights the potential for profitability within the franchise model. However, revenue can vary significantly, with the lowest reported annual revenue at $54,791 and the highest reaching $1,574,767, indicating a diverse range of performance outcomes based on location and management.

Metrics About

Ongoing Fees

Franchisees are subject to ongoing fees, including a royalty fee of 6% on gross sales and a marketing fee of 2%. These fees contribute to the overall support provided by the franchisor, which includes marketing initiatives and operational guidance aimed at enhancing franchisee success.

Fees About

Financial Performance

The average financial performance metrics reveal a gross profit margin of 98.4%, but operating expenses are high, totaling approximately $61,798,331, which can exceed revenue in certain cases. This underscores the importance of managing costs effectively to ensure profitability and sustainability in the fitness industry.

Breakeven About

Breakeven and Payback

Franchisees can expect a breakeven period of around 18 months, with an investment payback period of approximately 24 months. These timelines are critical for potential investors to consider, as they indicate how quickly they can expect to recoup their initial investment and start generating profit.

Units About

Franchise Growth

Over the past few years, the number of franchised units has seen a decline, with 115 units in 2021, dropping to 96 units in 2023. This trend may reflect market challenges or increased competition, making it essential for prospective franchisees to conduct thorough market research and assess local demand before investing.

Frequently Asked Questions

The initial investment for a Fitness Together franchise ranges from $245,341 to $500,636, including a franchise fee of $40,000.