4 fitness franchises to buy in 2021

Are you a gym freak or passionate about helping others achieve their fitness goals? If yes, then how about establishing a fitness business? It is one of the best gigs for fitness-conscious entrepreneurs. 

Should you consider starting your own gym or buy a franchise? The choice is obviously your own, but as per general statistics, the success of a gym franchise is way more than building your own gym brand from the ground up. Let’s look at four such options:

Planet Fitness
Planet Fitness likes to call itself a “judgment-free zone”. This clearly implies that the brand’s primary value is inclusivity. It admits people, regardless of their fitness goal or journey. The brand targets 80 percent of Canadian and American populations that do not have a gym membership yet. Currently, they are present in over 1,800 locations and are found in all 50 states in the country.

Initial franchise fee: $20,000
Total investment cost: Up to $4 million
Royalty fee: Seven percent of the total monthly and annual membership fees
Term: Ten years

Jazzercise is indeed one of the best franchises to buy, because it is exceptionally affordable. The prime reason for its affordability is that you don’t need to own a physical location to be an instructor here. Everyone who is Jazzercise-certified is a franchise in themselves. They have over 8,000 franchises globally. 

Initial franchise fee: $1,250
Total investment cost: Up to $32,750
Monthly continuing franchise fee (CFF): 20 percent on gross earnings
Term: Five years

Club Pilates
Established in 2007, Club Pilates employ Reformer-based methods and place group practice at their core. They have over 600 franchises across the globe, of which 584 are present in the US itself. One of the distinguishing reasons behind the popularity of Club Pilates is that they provide fitness classes that are ideal for people of all age groups. 

 Initial franchise fee: $60,000
Total investment cost: Up to $280,446
Royalty fee: Seven percent on gross earnings
Term: Ten years

Orangetheory Fitness
Orangetheory Fitness is a trendy fitness franchise that offers a wide range of fitness programs. Established in 2010, they are hugely popular for their heart rate monitor training programs. They have more than 500 units in this country, which offer access to several health and fitness equipment such as rowing machines, free weights, and treadmills.

Initial franchise fee: Up to $59,950
Total investment cost: Up to $994,360
Royalty fee: Eight percent
Term: Ten years 

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