If you are interested in starting a gym, investing in a gym franchise is a great option.
Starting a new gym franchise as compared to an established one can be a good deal.
Buying a franchise sounds expensive. What are the costs? And what is the cheapest gym franchise to own?
The cheapest gym franchise to own is Jazzercise, which can be as low as $2,300.
With a gym franchise, you might benefit from local or international brand awareness and marketing if you become a franchise owner, and you will also have exposure to the promotional materials, marketing campaigns, and promotional possibilities provided by the franchisor.
You ought to have an easier time drawing people to your fitness center if you own a gym that is part of a franchise and receive support from the parent company’s brand.
You could leverage marketing messaging and follow a company plan that has already been shown to be successful. The likelihood of success for franchisees is often greater than that of independently owned and operated businesses.
Here are 5 of the cheapest gym franchises you can own today.
Gold’s Gym
Is there anything better than owning a franchise of gyms known as “the mecca of bodybuilding?” We don’t think so. People would love to be a part of a gym where celebrities train and Gold’s gym is the pinnacle of Hollywood cream. From Arnold Schwarzenegger to Keanu Reeves and Jessica Alba, most of the A-listers have been a part of Gold’s gym.
A veteran of the United States Merchant Marine established this fitness center in 1965. The fitness center, headquartered in Los Angeles, has established more than 700 locations locally and internationally. As of right now, the Gold’s Gym franchise is one of the most expensive ones to buy and operate, and this is justified by the fact that it has open markets in virtually all of the states in the United States as well as some overseas prospects. However, there is a limitation as people wanting to get the franchise need to have a net worth of at least $1 million.
Predicted Total Investment: Upto $5 million
Franchise Cost: $30,000 to $40,000
Crunch Fitness
Crunch Fitness is another old player in the fitness industry. It was first founded in 1987 and since then they have really expanded their services to all over the world. This US-based fitness gym has 400 franchises in different parts of the world including Spain, Australia, Portugal, Canada, and more.
Their motto is to keep things healthy and fun for the gym members and this is a great crowd puller. They really want everyone to enjoy themselves while they are working out. If you already feel that having fun is one of the primary factors that keep you motivated, then the Crunch franchise could be a perfect fit for you.
The brand had management changes quite a few times but it has retained its position as one of the most popular gyms worldwide. Crunch has big plans and they are determined to expand their franchises in over 1000 new locations. So, it can be a great chance for you to be an owner of one if you have a net worth of over $1 million along with at least $300,000 in liquid assets.
Predicted Total Investment: $305,000 – $2.3 million
Franchise Cost: $25,000
9Round
The 9Round organization was established in 2007, and it embarked on its quest toward franchising at the beginning of 2009. Till today, they have expanded to the point where they now claim over 600 operational sites throughout the United States.
They focus on the kickboxing fitness form, and each of their workouts is developed by kickboxing professionals in order to provide customers with a comprehensive, hands-on experience. Their 30-minute exercise routine is intense enough to make an adult sweat, buckets full.
Their franchising contract is 10 years long. In addition to that, they want a royalty payment of 6% as well as a marketing cost of 2% per month.
Predicted Total Investment: $40,000 – $260,000
Franchise Cost: $25,000
GymGuyz
GymGuyz was established in 2008 and has been offering franchise opportunities since 2013. The company currently has 125 active franchisees throughout the world. If you want to work with them, you would need to agree to a binding contract that is for 10 years. This particular gym franchise company offers investment costs that are far cheaper than those of the vast majority of other franchises. In addition, they impose a royalty fee of 6% as well as a marketing cost of 2%.
Individual training and group training settings are the primary objectives of this business. Their amazing corporate fitness routines are an additional perk that they provide. These activities are fairly common when it comes to developing teams. Additionally, the organization provides a variety of support services. Meal planning, weight reduction plans, body shaping, and stretching sessions are some examples of these kinds of programs.
Predicted Total Investment: $90,000 – $175,000
Franchise Cost: $40,000
Jazzercise Inc.
Jazzercise has more than 8,900 franchisees all across the United States. This may be attributed to the company’s amazing standing in the field of fitness as well as its devoted clientele. In addition, the basic franchise price and original cost required are relatively cheap, making Jazzercise among the most affordable franchise opportunities you can discover. A Jazzercise franchise may be readily owned by the vast majority of individuals who are interested in this kind of exercise since it requires a cheap initial investment and has such a small franchise fee.
Jazzercise has been in business since 1968 and has garnered a wonderful reputation in the fitness industry. They are a genre of exercise that millions of people depend on to lose weight and keep themselves healthy.
Predicted Total Investment: $2,300 – $4,000
Franchise Cost: $1200 – $1300
Conclusion
There are a large number of fitness franchise opportunities available in the market if you are thinking about establishing a gym. When deciding which organization to put your money into, you should take into account not just your cash but also your expertise, knowledge, and ambition. An investment in a gym franchise provides new company owners with exposure to an established and recognized business model, robust assistance, and marketing materials.
We hope our list of gym franchises helped you out. Happy Franchising!