You asked: Is World Gym a franchise?

How much does it cost to start a World Gym?

World Gym Franchise Costs & Fees

Name of Fee Low High
Initial Franchise Fee $30,000 $30,000
Pre-Opening Membership Fee $20,000 $80,000
Build-Out and Leasehold Improvements $200,000 $1,000,000
Premises Lease Deposits $10,000 $50,000

Do gym franchises make money?

Gym ownership doesn’t normally come with a fixed salary. Your earnings are dependent on your profit, how many hours you’re willing to put in to keep staffing costs down and how much cash you want to reinvest in your business. The good news is, if you run a profitable gym, your salary is really up to you.

Can I own a gym franchise?

Besides the initial fee you’ll pay to join the franchise, a gym requires a great deal of equipment, as well as a large commercial space. The total upfront investment for a gym franchise can fall anywhere between $30,000 and $300,000, including the one-time franchise name fee (ranging from $15,000 to $30,000).

How much does a World Gym owner make?

What Is the Average Gym Owner Salary by State

State Annual Salary Monthly Pay
California $68,860 $5,738
Vermont $66,015 $5,501
Massachusetts $65,319 $5,443
Idaho $64,835 $5,403

Is Planet Fitness publicly traded?

Planet Fitness dancers perform on treadmills outside the New York Stock Exchange after the company’s IPO on Thursday. “Judgment-free” budget gym chain Planet Fitness is the latest fitness company to go public.

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How many gold gyms are there in the world?

Gold’s Gym

Type Private
Number of locations Nearly 700 worldwide (May 2020)
Area served United States, Canada, Mexico, Russia, Jordan, India, Australia, Costa Rica, Japan, United Kingdom, Netherlands, Germany, Egypt, Saudi Arabia, Peru, Indonesia, Spain, Poland, Venezuela, Mongolia, Philippines, Armenia

How much can you make owning a gym franchise?

This all being said, how much you buy into a gym franchise to earn good profit can range anywhere from $30,000 to $300,000, depending on location, size, and amenities. This amount does include the initial franchise fee or the amount you will pay in order to use the company’s name.

How much do fitness franchise owners make?

At present, gym owners’ salaries are between $26,500 (25th percentile) and $78,000 (75th percentile). Top workers (90th percentile) make $140,000 every year across the U.S. The normal compensation range for an exercise center owner differs by as much as $51,500.