![]() You’re generally looking at 5×5 lease terms for a franchise.Although there isn’t a headlease arrangement in place, Anytime Fitness can help you deal with the landlords to negotiate favourable lease terms.The sites usually come with simple interior design so you don’t have to spend a lot of leasehold improvements (although this can vary on the location).What if one of the partners wants to leave the arrangement or unfortunately passes away?.Disputes over important business decisions.It may be that you provide the majority of the investment capital but don’t invest much in the way of daily operations. Speak to a solicitor about putting a partnership agreement in place that sets out the rights, duties and obligations of each partner. ![]() Partnerships can be a risk for not only you and your business but franchisors are generally weary of them as well. Should I run the business as a partnership? Upfront costs can actually be reduced by leasing equipment and spreading your build-out costs into your monthly lease.Īsk for a franchise kit at. Security, sound, TV and First Aid equipment: $44,000 to $59,000.CostsĪlthough it’s generally seen as a low cost franchise and has some fixed fees, you should consider that total investment ranges from $220,000 to $533,000. This really depends on your ability to motivate your staff to sell in a business model that relies heavily on membership. The costs of starting a franchise come down to the details though and you’ll need to have a strong work ethic to be successful in the gym and fitness industry. What should I know about Anytime Fitness?Īnytime Fitness started its franchise business in Australian back in 2008 and have the network and supplier agreements in place so you can grow a successful business. If you’re coming from a different industry to run the gym, this is accepted on a case by case basis, particularly if you’ve come from a managerial position.Existing franchises are generally seen as a medium risk for the bank especially if they show evidence of current profitability.Evidence of prior experience in running a gym in a managerial capacity (usually 2-3 years).2 years personal financial or business statements depending on your previous experience. ![]()
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