It is possible to exceed costs in any of the areas above. These figures are estimates in setting up an Anytime Fitness center and operating it for three months. Legal and Accounting Expenses: $500 to $4,500Īdditional Funds - 3 months: $25,000 to $39,000Ĭosts do not include any payroll or owner’s draw amounts and assumed you will work full-time at your Anytime Fitness Center. Anytime Fitness insurance experts will assist you with these important questions. Yes, you’ll be granted an exclusive territory subject to certain restrictions contained in the Franchise Agreement (see Item 12 of our Franchise Disclosure Document). How much should you have? Where do you get it? These are questions you need help with. Grand Opening Advertising: $8,000 to $13,000Įxactly what type of insurance should you buy? Keep in mind this may be different than other fitness franchises given that there will not be staff on the premises at all times. This includes utility costs and licensing fees. You are required to have an automated external defibrillator on site, which can cost up to $1,400. Anytime Fitness finance experts can assist you with the leasing options and put you in touch with some of the best leasing companies in the fitness industry. They can also make suggestions based on your market demographics, area competition, your personal preferences and their experience with other franchisees’ feedback. With volume buying power, you may see direct savings with discounted rates from preferred equipment vendors. numbers are published in Item 19 of the Retro Fitness 2022 Franchise Disclosure Document. The franchise consultants will work with you on choosing the best equipment for the size of your club and budget. Anytime Fitness real estate experts can help you achieve the lowest possible rate and make sure the lease is structured with your best interests in mind. Considering the different lease terms, like triple net leases, gross leases and CAM charges, deciding on a lease option can be daunting if you lack experience in dealing with building owners. Negotiating a lease can be stressful, and at times, can seem overwhelming. The Principal Operator of your business must attend mandatory training at the Anytime Fitness headquarters in Hastings, Minn., which requires the cost of travel and living expenses. Anytime Fitness Ranked 1 Top Global franchise by Entrepreneur, Anytime Fitness. Travel and Living Expenses While Training: $1,500 to $2,800 These costs are found in our Franchise Disclosure Document - Item 7. The initial Franchise Fee is generally $35,000, but fees can be discounted in certain circumstances, such as committing to open two or more fitness centers. The onboarding process will begin immediately.Initial Franchise/Development Fee: $20,000 to $35,000 SIGN DOCS & PAY FRANCHISE FEE What an exciting day! You officially become a franchisee and we start supporting you through the process of opening your very own Iron 24 gym.If you think you can open your gyms without a loan, then all we need to do is verify that you have the funds. SECURE FUNDING We have multiple top-tier lenders available to you if you need help.Work with your franchise development representative to determine your best options. Iron 24 has data and recommendations to help you with this process. DETERMINE YOUR TERRITORY Make sure you lock in your territory as soon as possible. You may continue to communicate with your Iron 24 franchise representative throughout this process as questions arise. Review this with an attorney and schedule a follow-up meeting to answer questions. REVIEW FDD After your intro call, we will send you our Franchise Disclosure Document.It's one of the first steps in determining whether Iron 24 is a good match for you. This call is not a sales pitch – it's an information exchange. INTRODUCTORY CALL Shortly after you fill out the form, we’ll email you with more information and ask to schedule a no-pressure intro call.REQUEST INFORMATION Fill out the form to let us know you want to learn more about Iron 24 franchise opportunities.We connect you with the top lenders in franchising.
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