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Pure Barre Franchise ProfileFitness Franchises > Specialty Fitness Classes |
What Are the Initial Costs to Open a Pure Barre Franchise?
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.
What Are the Financial Performance Metrics for Pure Barre?
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.
How Long Does It Take to Break Even with a Pure Barre Franchise?
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.
What Are the Trends in Pure Barre Franchise Growth?
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.
The minimum total assets (minus liabilities) you must possess.
Net Worth Required:
The estimated period to recoup your total investment.
Investment Payback:
The initial fee paid to join the franchise system.
Franchise Fee:
Ongoing percentage of revenue paid to the franchisor.
Royalty Fee:
Regular contribution toward the franchise’s advertising fund.
Marketing Fee:
The estimated timeframe to recover your initial costs.
Breakeven Time:
The total amount required to launch the franchise.
Initial Investment:
The minimum liquid capital you must have on hand.
Cash Required:
The typical yearly revenue generated per franchise location.
Average Revenue:
The middle value of yearly revenue among franchise locations.
Median Revenue:
The largest reported annual revenue among franchisees.
Highest Revenue:
The smallest reported annual revenue among franchisees.
Lowest Revenue:
A broad sector defining similar types of franchise businesses.
Industry:
A more specific division within the broader industry.
Category:
The key individuals guiding the franchise’s strategy and growth.
Leadership:
The official business address of the franchisor’s headquarters.
Corporate Address:
Available financing options to help start the franchise.
Funding Year:
The main organization that owns the franchise brand.
Parent Company:
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 |
Investment Overview
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.
Financial Performance
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.
Franchise Growth
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.
Operational Expenses
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.
Corporate Structure
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.
Brand Mission
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.