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Pure Barre Franchise ProfileFitness Franchises > Specialty Fitness Classes |
To open a Pure Barre franchise, you should expect an initial investment ranging from $265,330 to $418,980. This includes a franchise fee of $60,000. Additionally, you will need to budget for ongoing costs such as a 7% royalty fee and a 2% marketing fee. It's essential to ensure that you have a net worth of $200,000 to $400,000 and sufficient cash reserves to cover your investment.
Pure Barre franchises can anticipate an average annual revenue of approximately $34,985 per unit. The financial metrics indicate a gross profit margin of 68.7%, with operating expenses accounting for 34.3% of revenue. Understanding these figures can help you gauge the potential profitability of your investment and manage your operational costs effectively.
Franchisees of Pure Barre can expect to break even within approximately 12 months of operation. The investment payback period is around 15 months, making it crucial to have a solid business plan and marketing strategy to maximize your revenue in the early stages. This timeframe can vary based on location and market conditions, so careful planning is essential.
Pure Barre has shown consistent growth in its franchise network, increasing from 571 units in 2021 to 615 units in 2023. This expansion indicates a strong brand presence and demand in the fitness industry. For aspiring franchisees, aligning with a growing brand can provide significant opportunities for success and market penetration.
Pure Barre 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.
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Pure Barre Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes.
Total Units
Franchised Units
Corporate Units
Units | 2021 | 2022 | 2023 |
---|---|---|---|
Total Units | 576 | 606 | 628 |
Net Change YoY | 30 | 22 | |
Franchised Units | 571 | 603 | 615 |
Net Change YoY | 32 | 12 | |
Corporate Units | 5 | 3 | 13 |
Net Change YoY | -2 | 10 |
The initial investment for a Pure Barre franchise ranges from $265,330 to $418,980. This includes a franchise fee of $60,000, with ongoing royalty and marketing fees set at 7% and 2% of gross sales, respectively. To qualify, potential franchisees need a net worth between $200,000 and $400,000, ensuring they have the financial backing to support their business.
On average, a Pure Barre unit generates annual revenue of approximately $34,985. The median revenue stands at $27,531, with the lowest reported revenue at $4,030 and the highest at $135,619. Franchisees can expect to break even within 12 months, with an investment payback period of around 15 months, making it a potentially lucrative opportunity.
Pure Barre has shown consistent growth in its franchise units, increasing from 571 in 2021 to 615 in 2023. This upward trend reflects the brand's expanding presence in the fitness industry and its appeal to a broad demographic, signaling a strong market demand for its unique barre workout offerings.
Franchisees should anticipate annual running expenses between $70,850 and $152,000. Key costs include rent and utilities ($19,000 - $31,000), insurance ($1,050 - $2,500), and marketing ($15,000 - $25,000). Understanding these expenses is crucial for effective financial management and profitability.
Pure Barre is operated under the umbrella of the larger franchise organization, which manages both franchised and corporate units. The number of corporate units has fluctuated, with an increase from 3 in 2022 to 13 in 2023, indicating a strategic focus on enhancing brand visibility and operational efficiency through direct ownership.
Pure Barre's mission is to empower individuals through a transformative fitness experience that combines strength, flexibility, and community. By fostering a supportive environment, Pure Barre aims to inspire members to achieve their fitness goals while promoting a healthy lifestyle that extends beyond the studio.
Frequently Asked Questions
The initial investment for a Pure Barre franchise ranges from $265,330 to $418,980, which includes the franchise fee of $60,000 and other startup costs.