How Much Does it Cost to Open a Fitness Premier 24/7 Clubs Franchise?

Fitness Premier Clubs 24/7, the 19-unit fitness franchise that works to bring accessible fitness options to underserved markets, is a great opportunity for entrepreneurs looking to get into the fitness industry without breaking the bank. 

The total investment ranges from  $264,350 to $585,000, according to the brand’s 2023 Franchise Disclosure Document. Franchisees must also have a minimum net worth of $500,000. 

The Investment to Open a Fitness Premier 24/7 Clubs Franchise

Here is a breakdown of the initial investment into this fitness franchise: 

• Initial Franchise Fee: $49,500
• Leasehold Improvements: $25,000 - $225,000 
• Lease: $3,000 - $10,000
• Lease of Fitness and Hydro Equipment: $150,000 - $225,000 (as required)
• Marketing Materials and Supplies: $5,000 - $10,000 
• Business Cards, Startup Media Kits: $250 - $1,500
• Advertising Expenses: $10,000 - $15,000
• Initial Training (Travel, Lodging, Meal Expenses): $2,000 - $5,000 
• Insurance: $1,000 - $3,000
• Computer System and POS System: $2,500 - $10,000
• Licenses and Permits: $100 - $1,000
• Professional Fees, Startup Assistance: $1,000 - $5,000
• Additional Funds (3 to 6 month estimate): $15,000 - $25,000 
• TOTAL: $264,350 - $585,000

If you purchase two franchise units, the initial franchise fee per unit is reduced from $49,500 to $35,000. If you purchase three franchises, the number drops to $25,000 each. 

Other noteworthy fees include: 

• Royalty Fee: 6% of Monthly Gross Sales
• National Marketing Fund: 1% of Monthly Gross Sales (not currently assessed)
• Local Advertising: 4% of Monthly Gross Sales
• Regional Advertising Fund: 3% of Monthly Gross Sales (not currently assessed)

Your Return on Investment with Fitness Premier 24/7 Clubs

Fitness Premier 24/7 Clubs has expanded to include 19 locations throughout the United States, mostly in smaller markets where there is less activity from competitors. The average community size of the franchise locations is between 15,000-20,000 in total population within a 5-mile radius. This means that you can own and serve your hometown, even if it’s a smaller market 

Fitness Premier 24/7 Clubs has seen advantages with this unique strategy, producing large volumes that can result in a strong return on investment for franchise owners. In fact, the 2022 median annual gross sales figure was $595,809.33. 

Support for Franchisees from Fitness Premier 24/7 Clubs

Fitness Premier 24/7 Clubs offers strong support in technical, marketing, and financial matters For example, the support team provides assistance with equipment licenses, backoffice billing, ongoing marketing and promotions, and the resolution of member issues. This takes the burden off of franchise owners so they can focus their energy on building the club, working with clients, and enjoying their business.

The franchisor also provides ongoing leadership training and development to help franchisees continue to thrive. 

Fitness Premier 24/7 Clubs is a great, relatively low-cost, investment for franchisees looking to make a difference in their communities with a holistic approach to wellness. 

To find out more information on costs to buy this franchise, please visit https://1851franchise.com/fitness-premier/info.