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|
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.
How many gold gyms are there in the world?
|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.