![]() The opportunities to increase your passive income begins with a helping hand or two. ![]() While income accrued from owning a gym franchise can be passive, this isn’t always the case if you’re running your gym with barely any assistance. ![]() Passive income often implies that you’re gaining funds while doing very little. If you manage your business investment properly, gym franchises can be an excellent source of passive income. The short answer is yes, but becoming a franchisee with a fitness franchise is merely one small step on the path to a profitable project. In essence, investing in a gym franchise can certainly be profitable.īut, there is much to be said about the varying amount you could passively earn when investing in a fitness franchise. Likewise, nearly 70% of gyms that are eight years or older reported they were profitable as well. Crossfit boxing studios and boutique fitness centers have a profit margin of 30%.Īccording to Statista, over 50% of gyms open for no more than three years reported notable profitability in the United States as of November 2020.Aquatic centers have a profit margin of 10-15%.Pilates and yoga studios have a 20-30% average profit margin.For independent gyms, the IHRSA reports an average profit margin of 10-15%.The average gym profit margin for franchise gyms sits at an even 10% as the demand for large fitness facilities fluctuates back into favor in 2023 and beyond.įor other varieties of gyms, the average profit margin can range from anywhere between 10% and 30%, but here’s a quick list to help you get the gist: Generally speaking, most franchisees earn around $50,000 each year, while about 7% of franchisees take home more than $250,000 a year. Owning a fitness franchise can be quite profitable when you establish a productive, working relationship with your franchisor throughout the process. Is Owning a Fitness Franchise Profitable? As people return to fitness centers, getting their weekly reps in, they have franchisees to thank along the way! All things considered, exactly how successful are gym owners? Let’s delve deeper into the world of fitness franchises, stretching not only the muscles of your body, but equally the muscles of your mind. This transition leads them into the sportiest of spaces to satisfy their hunger for gym-driven habits.įortunately, having future gym owners like you keeps interests in opening, managing, and utilizing health and fitness franchises alive. As 2023 passes by, many people are looking to bounce back post-pandemic. However, simply going to a gym is not nearly the same as owning the gym that others visit. Some of society’s most goal-oriented people live and thrive thanks to a health and fitness lifestyle.
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