Fitness Franchise Opportunities
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The market for fitness and weight loss businesses is only growing larger as it strives to help Americans get smaller.
1. Nearly 70 percent of Americans are considered overweight, according to data from the Centers for Disease Control and Prevention. Of this population, about 36 percent of U.S. adults and approximately 17 percent of children and adolescents (2-19 years old) are obese.
2. Most of the franchises that cater to this market are either fitness facilities, often with a special niche, or diet centers that provide nutritional counseling along with meals and other products. There is some cross-over between the two.
3. IBISWorld estimates revenue for the gym, health and fitness club market to be about $26 billion annually. Revenue for the entire weight market is estimated at over $65 billion annually with weight loss services accounting for about $2.5 billion.
4. The 50 largest fitness centers account for about 30 percent of revenue, and only a few dozen companies operate more than 10 centers. In addition to health clubs and commercial fitness centers, the industry also includes: non-profits, such as the YMCA or university facilities, corporate clubs, aerobics studios, resort/spas, hotel and country clubs.
5. Women make the majority of commercial club membership, so it is not surprising that several fitness franchises cater exclusively to women. Children’s fitness franchises are also increasing in number due to cutbacks in physical education programs in schools and increasing efforts to curb childhood obesity.