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Workout Anytime 24/7

24-hour gyms
Investment
$1,060,850
Initial Franchise Fee
$45,000
Units
194
Growth Rate
+7.2%

Overview

Industry
Health & Wellness
Founded
1999
Franchising Since
2005
Parent Company
Workout Anytime Franchising LLC
Leadership
Randy Trotter, SVP of Development
# of Employees at HQ
30

Units and Growth Chart

About Workout Anytime 24/7

The health and wellness industry is in good shape, and the market is competitive. Founded in 1999, Workout Anytime 24/7 stands out from their competitors because they strive to enable clients to work on their fitness goals and routines around the clock. Workout Anytime 24/7 began franchising in 2005. Currently, there are more than 160 Workout Anytime 24/7 gyms across the U.S.

Why You May Want to Start a Workout Anytime 24/7 Franchise

There is a demand for fitness services, so starting a Workout Anytime 24/7 franchise means you will be in a large and competitive business segment. It is among the top franchises in the health and wellness industry. The Workout Anytime 24/7 real estate team will help you get a convenient location with ample parking and visibility, giving you the best chance to attract and retain clients. 

The Workout Anytime 24/7 franchise support team will guide you through the entire process of opening a new franchise. They have years of experience and have set up other franchisees. Fitness clientele is attracted to Workout Anytime 24/7 because they make it a goal to provide solutions that cater to all, including the actively aging. Being accessible 24/7, training for small groups and ample gym features gives Workout Anytime 24/7 a competitive advantage.

What Might Make a Workout Anytime 24/7 Franchise a Good Choice?

To be part of the Workout Anytime 24/7 team, you should make sure you’re financially ready for an initial investment that will include a franchise fee and other startup fees. Ongoing fees will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements. 

Clients pay a monthly fee to use the services of your gym franchise. Additional income streams may include add-on features such as tanning beds, personal coaching, hydromassage beds, and more. 

How Do You Open a Workout Anytime 24/7 Franchise?

To open a Workout Anytime 24/7 franchise, you must first make an initial inquiry by filling out a form. The initial phone call may then occur; this serves as an introduction to the opportunity and a determinant for moving forward with the process. 

Next, you may complete an application. Here, you will provide your financial details, and Workout Anytime 24/7 will conduct a background check. After this, you can then expect to receive a copy of the Workout Anytime 24/7 Franchise Disclosure Document. You are to review it as part of your due diligence process. Due diligence is a step that will allow you to gauge if the venture will be right for you. You will have a chance to contact current franchisees to learn from their experience with Workout Anytime 24/7. 

If you continue with the process of opening a franchise with the gym, you are to attend a discovery day. Here, you will directly look at how Workout Anytime 24/7 functions. You will be invited to either headquarters in Alpharetta, Georgia, or to a regional market to complete discovery day. Aside from meeting the team, you may also get a chance to tour a few clubs. If both parties agree, the final step is signing a franchise agreement and getting started with opening your Workout Anytime 24/7 franchise location.   

Investment Details

Initial Franchise Fee
$45,000
Initial Investment
$1,060,850 - $1,840,550
Net Worth Requirement
$1,000,000
Cash Requirement
$400,000
Royalty Fee
6%
Ad Royalty Fee
2%
Technology Fee
$595-795/mo.
Term of Agreement
10 years
Is Franchise Term Renewable?
Yes
Financing
Third Party
Veterans Incentive
20% off first-unit franchise fee

Available Territories

Franchising opportunities available in the following regions

United States

States

Alabama Arkansas Arizona California Colorado District of Columbia Delaware Florida Georgia Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Virginia Vermont Washington Wisconsin West Virginia Wyoming
International

Continents

Asia Australia/New Zealand Europe (Western) Central America Canada South America Mexico

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training
46 hours
Classroom Training
77 hours

Ongoing Support

Purchasing Co-ops
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform

Marketing Support

Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
Yes
# of employees required to run
0
Are exclusive territories available?
Yes

Ranking History

Workout Anytime 24/7 performance in the Franchise rankings over recent years

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022