Quick Answer: How Much Does A 24 Hour Fitness Franchise Cost?

How much is it to start a 24 Hour Fitness membership?

… discounts for military and first responders at any club beginning in July and continuing through August: $0 initiation fee, plus $5.00 off monthly dues (on select basic memberships; must be at least 18 years of age or 12 years of age with parent): 24hourfitness.com/military “These are very….

What is the cheapest gym to join?

Five most affordable gym membershipsPlanet Fitness. Planet Fitness advertises itself as a gym for people who don’t like gyms, with ads referring to every Planet Fitness location as a “Judgement Free Zone.” … Cardinal Fitness. … Your Local YMCA. … Gold’s Gym. … LA Fitness.

Does Shaq own 24 Hour Fitness?

Shaq created The O’Neal Group in 2006 with his first venture being the residential high rise The Met Miami. He owns forty, 24 Hour Fitness locations and has put his personal touch into each gym to make them unique.

What company owns 24 Hour Fitness?

AEA Investors24 Hour Fitness® is owned by AEA Investors, Ontario Teachers’ Pension Plan and Fitness Capital Partners.

Will 24 Hour Fitness charge?

Effective April 16, 24 Hour Fitness will suspend all membership billings, including any additional services and fees, if we are unable to reopen clubs by that time. … Members with a pre-paid membership will have their membership end date extended to cover the amount of time the clubs were closed in their area.

How can I go to the gym for free?

8 Legit Ways to Use the Gym for FreeWork Out on Free Days. … Sign Up for a Triathlon Training or Running Program. … Get a Free Pass. … Participate in Community Programs. … Ask for a Gym Membership as a Gift or Benefit. … Visit the Hotel’s Gym. … Enroll in College. … Get a Part-Time Job at the Gym.

What is the best gym franchise to own?

9 of the Best Gym Franchises to Buy in 2020Orangetheory Fitness. … Planet Fitness. … Crunch Fitness. … Pure Barre. … The Bar Method. Initial franchise fee: $52,000. … UFC Gym. Initial franchise fee: $30,000 to $50,000. … Jazzercise Inc. Initial franchise fee: $1,250. … Gold’s Gym. Initial franchise fee: $32,000 to $40,000.More items…•

Is Planet Fitness really $10?

Well, the $10 monthly memberships are definitely for real, though there are a few things to be aware of before you sign up. Here’s what you’ll pay to join a Planet Fitness gym. $10 a month gets you a Classic membership. At some locations, this option is no-commitment, meaning you can cancel at any time.

Is 24hr fitness a franchise?

The Plus Fitness 24/7 Franchise Model offers low staffing in a fast growing and sustainable industry. Plus Fitness is an award winning 24 hour gym franchise network. … As a Franchisor, Plus Fitness is committed to it’s franchisee success and offers high levels of initial and ongoing support.

How much is 24 Hour Fitness worth?

One of the largest fitness chains in the United States, 24 Hour Fitness has nearly 4 million members and more than 400 clubs across the country. 24 Hour Fitness, which is privately held, has annual sales of about $1.3 billion, according to the Wall Street Journal.

How much is a 24 Hour Fitness membership at Costco?

Costco members can buy a two-year, all-club, 24 Hour Fitness membership package for $399.99.

Is a gym a good business to start?

Just the basic one requires a $10,000-$50,000 investment, according to Entrepreneur. A one-of-a-kind, high tech gym can easily run your budget into six figures. You’ll also need some cash flow along the way. A fitness center is something that takes time to build and turn a profit.

What are the different levels of 24 Hour Fitness?

24 Hour Fitness has four club access levels: Active, Sport, Super-Sport and Ultra-Sport. Exact amenities offered can vary from location to location.

Can you negotiate a gym membership?

You may find membership discounts or deals on classes on a gym’s website or through sites such as Groupon, Kufahl says. Negotiate a deal. When you decide which club you’d like to join, speak with a manager instead of a salesperson. Managers are more likely to be able to negotiate a better gym membership price for you.

How much does an Anytime Fitness franchise owner make?

The typical Anytime Fitness Owner Operator salary is $41,381.

Do gym owners make money?

Put simply, you can only pay yourself a salary if you’re making a profit. And you will only make a profit once revenues exceed expenses. … Increase membership revenues – If membership at your gym is $1,000 per year, you only need 100 members to turn over $100,000 in annual revenue.

What is the biggest gym chain in America?

Following are some of the highlights of the Top 12 companies on this year’s list.No. 1: LA Fitness. … No. 2: Life Time. … No. 3: 24 Hour Fitness. … No. 4: Equinox Holdings. … No. 5: ClubCorp. … No. 6: Planet Fitness. … No. 7: Town Sports International. … No. 8: Gold’s Gym International.More items…•

Who is the CEO of 24 Hour Fitness?

Tony Ueber (Jan 15, 2019–)24 Hour Fitness/CEO