Woodbury, Minnesota–based Anytime Fitness has announced plans to open more than 150 locations throughout New York. The company boasts that it is “the fastest-growing co-ed gym in the world,” according to its news release issued Aug. 3. Anytime Fitness centers are open 24 hours a day, 365 days a year, offering “convenient and affordable” exercise […]
Woodbury, Minnesota–based Anytime Fitness has announced plans to open more than 150 locations throughout New York.
The company boasts that it is “the fastest-growing co-ed gym in the world,” according to its news release issued Aug. 3.
Anytime Fitness centers are open 24 hours a day, 365 days a year, offering “convenient and affordable” exercise availability, the firm added.
Anytime Fitness seeks to “ramp up growth” through strategic franchise partnerships and aims to open the new fitness centers within the next five years.
Targeted markets throughout the state include Syracuse, Albany, Buffalo, and Yonkers.
The development push also includes locations in Rochester and Newburgh, which are scheduled to open “within the next 12 months, with another eight in various stages of development.”
Anytime Fitness currently has 20 gyms in New York, according to its news release.
Anytime Fitness considers the Empire State an “obvious and attractive” area for growth, with a “diverse, active population, an open real-estate market and multiple successful existing franchisees,” per the release.
“We’re looking to grow where we can make a difference in people’s lives, and there is immense potential throughout New York to do just that,” Tom Gilles, VP of franchise development, said. “… We’re poised for explosive growth in the state.”
“We’re not looking to simply grow a franchise brand — we’re looking to grow and help individuals reach their specific goals and achieve a healthy, happy lifestyle,” Chuck Runyon, co-founder and CEO of Anytime Fitness, added in the release. “We’re searching for local entrepreneurs who share our passion for building relationships and helping others so that we can achieve that vision in communities across the state.”
Gyms are now open in all 50 states; along with Canada, Mexico, Australia, New Zealand, England, Scotland, the Republic of Ireland, Wales, Grand Cayman, Poland, the Netherlands, Spain, Qatar, India, Chile, Japan, Singapore, Malaysia, Hong Kong, China, Taiwan, Belgium, Italy, Sweden, and the Philippines.
All franchised gyms are individually owned and operated, the company said.
Founded in 2001, Anytime Fitness has been franchising since 2002. Woodbury, Minnesota–based Self Esteem Brands, LLC is its parent company.
Financial requirements
Potential franchisees should expect to pay an initial franchise fee of $39,500, with a total investment between $114,950 and $677,800; with an average EBITDA before salaries of $135,500, according to the website anytimefitnessfranchise.com.
EBITDA is short for earnings before interest, taxes, depreciation, and amortization.
Franchisees should also expect to pay an ongoing royalty fee of between $449 and $549 per month and an ad royalty fee of $300 a month, according to www.entrepreneur.com, the website of Entrepreneur magazine.