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Anytime Fitness Franchise Cost & Fees

Date of Incorporation: 2002

Franchising Since: 2002

Headquarters: Hastings, Minnesota


Business Description: The franchise system consists of boutique fitness centers with the potential for minimal overhead and labor costs. There is a card access and security system that allows members of an Anytime Fitness center to have access to any Anytime Fitness center 24 hours a day, automated tanning and vending services, and reciprocal benefits between centers. In some cases, the franchise may be allowed to not be accessible 24 hours a day.


Franchise Offer: Two types of franchise agreements are offered:

  1. The franchisee is granted the right to operate one Anytime Fitness center at a location specified by the franchisor in the Franchise Agreement. If the center will have more than 2,500 square feet, it will usually be identified as an Anytime Fitness center. If it has less than 2,500 square feet, it will usually be identified as an Anytime Fitness Express center. An Anytime Fitness Express will be equipped with no showers, one tanning bed, and will generally be located in a town of less than 5,000 people.
  2. The franchisor also offers to qualified people, the right to develop multiple Anytime Fitness franchises within a specific territory under the terms of an Area Development Agreement.


Financial Assistance: Anytime Fitness does not generally offer, directly or indirectly, any other financing to help franchisees establish their business. However, the franchisor does have arrangements with a number of third-party equipment lenders who provide financing to franchisees. If the franchisee wants Anytime Fitness to assist in obtaining financing, a separate Financing Consulting Agreement must be signed. The franchisor will discuss the various financing products and services that are available, and assist in preparing applications for financing with the lenders with whom it has established relationships. The franchisor does not have a written agreement with any lender to provide financing to franchisees. The franchisor also has two direct financing programs that offer financing to qualifying franchisees to help finance tenant improvements, one of which is for new franchisees, and one for existing franchisees who are renewing their franchise.


Training and Assistance: All of the initial training program will be classroom training. However, the franchisee will have an option to receive additional training by working in one of the franchisor’s clubs for up to two days. The principal operator of the business must attend and complete this training to the franchisor’s satisfaction before the franchisee opens the Anytime Fitness center. In addition, if the principal operator is not also the person that will own a controlling interest in the Anytime Fitness center, then the Principal Owner of the business must also attend and complete this training to the franchisor’s satisfaction before the franchisee opens the Anytime Fitness center. During the term of the Franchise Agreement, there is additional training required in order to stay current on the policies, procedures, and techniques of operating an Anytime Fitness Center. The Principal Owner is also required to attend the annual conference.


Territory: The franchisee is granted a protected territory. The territory will range from approximately one-half mile from the center (in densely populated metropolitan areas) to as much as five miles (in small towns). The criteria used for determining the boundaries of the territory include density of population, growth trends of population, apparent degree of affluence of population, the density of residential and business entities, traffic generators, driving time, and natural boundaries. The Anytime Fitness center may be located at any place within the given territory, so long as the site selected is not also within the territory of another Anytime Fitness center. Territories may overlap, but it will not be approved to place anyone opening an Anytime Fitness center, or relocating an Anytime Fitness center, into a territory given to another Anytime Fitness Center.


Term of Agreement and Renewal: The initial term is six years, except in California and Georgia, where the initial term is 10 years. If the franchisee is in good standing, they can renew the Franchise Agreement for an additional five-year period. An Area Development franchise term is typically between one and four years. Franchisees cannot renew the Area Development Agreement.


Obligations and Restrictions: While it is not required that the franchisee personally supervises the Anytime Fitness center, it is recommended that they do so. If the franchisee is not the "on premise" supervisor of the business, a Principal Operator must be designated to serve as the on premises supervisor. The Principal Operator of the business must complete initial training requirements and all other training reasonably designated, and that person must sign a confidentiality agreement with the franchisee that meets the franchisor’s requirements and that the franchisee provides to Anytime Fitness before they attend training. Franchisees may offer only those products and services that are approved and must offer all products and services that designated as required for all franchisees.


Estimated Number of Units: 2,340


Investment Tables:

Initial Investment

Regular Anytime Fitness Center

Name of Fee Low High
Initial Franchise/ Development Fee $17,999 $26,999
Travel and Living Expenses While Training $1,000 $2,300
Real Estate and Improvements $12,000 $221,000
Fitness Equipment $15,100 $23,300
Tanning Equipment $0 $1,700
Security System $2,300 $12,500
First Aid Equipment $1,000 $1,600
Interior Signs $800 $1,000
Outside Signs $3,500 $8,500
Miscellaneous - Opening Costs $1,900 $2,500
Grand Opening Advertising $4,000 $6,000
Insurance $2,500 $4,100
Supplies and Furniture
$1,000    $6,500
Legal and Accounting Expenses $500 $4,500
Additional Funds - 3 months $15,000 $20,000
Estimated Total $78,599 $345,499

 

 Express Anytime Fitness Center

Name of Fee Low High
Initial Franchise/ Development Fee $16,999 $23,999
Travel and Living Expenses While Training $1,000 $2,300
Real Estate and Improvements $5,300 $113,000
Fitness Equipment $10,400 $16,300
Tanning Equipment $0 $900
Security System $2,000 $10,000
First Aid Equipment $1,000 $1,600
Interior Signs $800 $1,000
Outside Signs $3,500 $8,500
Miscellaneous - Opening Costs $1,400 $1,900
Grand Opening Advertising $4,000 $6,000
Insurance $2,100 $3,500
Supplies and Furniture
$1,000    $6,500
Legal and Accounting Expenses $500 $4,500
Additional Funds - 3 months $11,600 $15,300
Estimated Total $61,599 $215,299

 

Other Fees

Name of Fee Amount
Monthly Fee $449 per month
General Advertising Fee No more than the greater of $300 per month or 2% of the monthly revenues for general marketing.
Anytime Health Membership Fees $0.50 per month per current member ($1 per month for couples or family memberships), subject to a maximum of $225 per month and $675 per franchisee for those with multiple centers.
Technology Fee
Currently $199 per month
Bodyworkz Training Program
Currently, $160 per month for the first center and $135 for additional centers.
Charitable Contribution
$100 per month
Inspection Fee Generally $50-$100
Default Fee Up to $1,000 per violation
Renewal Fee $1,000
Transfer Fee $5,000 - $10,000
Relocation Fee $1,000
Liquidated Damages $10,000
Insurance Handling Fees Currently $100
Costs and Attorneys' Fees Will vary under circumstances.
Interest The lesser of 1.5% per month or the maximum rate allowable by applicable law.
Indemnification Will vary under circumstances.
Re-sale Assistance Program $499, plus $79 per month until the business is sold or the franchisee decides to terminate his or her participation in the program.
Lease Renegotiation Program 4% of any lease savings the franchisor achieves for the franchisee.
Reinvention Program $500 per month

Year of FDD: 2013

The above information has been ompiled from the FDD of Anytime Fitness Inc.
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