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Anytime Fitness
24-hour coed fitness club
It's time to pump up your bottom line. According to Anytime Fitness, the company is "the world's largest 24-hour, co-ed fitness franchise." Members can work out anytime, 365 days a year. Each member has his or her own key-card for access to facilities or "clubs" throughout the nation. Each club offers a variety of cardiovascular, strength, and free weight equipment. Many clubs also have certified personal trainers and 24-hour tanning. Integrated access and security with remote monitoring of surveillance systems ensure round-the-clock member protection. Franchising since 2002, Anytime Fitness has more than 400,000 members.
Why This Company Makes Our AllStar List
Offering franchisees two types of fitness clubs -- full-size or express -- as well as the flexibility of full-time or part-time ownership contributed to Anytime Fitness's strong growth rank (#10), which helped push the franchise into this year's Top 10. The company's financial strength is also strong at #31.
During 2011, it was reported that the loan failure rate for Anytime Fitness locations was a low 2.7 percent, with only 4 in 147 SBA-backed loans failing between 2005 and 2010.
The company continues to remodel existing clubs with a new upscale design. It also entered the digital world with its first mobile app that allows members to manage their diet and activities.
Franchisees who open additional clubs receive discounts on the franchise fee. The company also participates in the IFA's VetFran program and is listed on the SBA's Franchise Registry.
2011 AllStar Rank: 16
2010 AllStar Rank: 37
2009 AllStar Rank: 43
Full Disclosure Award
This company gets a nod for disclosing financial performance representations in Item 19 of its Franchise Disclosure Document (FDD). For an explanation of why this is important, read The Importance of Item 19 in the Franchise Disclosure Document.
Offering franchisees two types of fitness clubs -- full-size or express -- as well as the flexibility of full-time or part-time ownership contributed to Anytime Fitness's strong growth rank (#10), which helped push the franchise into this year's Top 10. The company's financial strength is also strong at #31.
During 2011, it was reported that the loan failure rate for Anytime Fitness locations was a low 2.7 percent, with only 4 in 147 SBA-backed loans failing between 2005 and 2010.
The company continues to remodel existing clubs with a new upscale design. It also entered the digital world with its first mobile app that allows members to manage their diet and activities.
Franchisees who open additional clubs receive discounts on the franchise fee. The company also participates in the IFA's VetFran program and is listed on the SBA's Franchise Registry.
2011 AllStar Rank: 16
2010 AllStar Rank: 37
2009 AllStar Rank: 43
Full Disclosure Award
This company gets a nod for disclosing financial performance representations in Item 19 of its Franchise Disclosure Document (FDD). For an explanation of why this is important, read The Importance of Item 19 in the Franchise Disclosure Document.
Anytime Fitness
12181 Margo Avenue South
Hastings, MN 55033
651-438-5000
Fast Facts
| Year established | 2001 |
| Franchising since | 2002 |
| Can be run from home? | No |
| Number of employees needed | 1 |
| Item 19 Financial Performance Representation? | Yes |
| Multiple units must be purchased in U.S. | No |
| Multiple units must be purchased outside U.S. | No |
| % of franchisees who own multiple units | 53% |
| Absentee ownership allowed? | Yes |
Franchise Unit Growth Rate
| Year | U.S. Franchises |
Non-U.S. Franchises |
Company-Owned Locations |
| 2011 | 1,492 | 96 | 11 |
| 2010 | 1,378 | 80 | 11 |
| 2009 | 1,185 | 30 | 11 |
Expanding in These Locations
United States, Asia, Australia/New Zealand, Canada, Europe, Middle East
Costs
| Total Investment | $59,999 - $321,899 |
| Franchise Fee | $19,999 |
| Royalty Fee | $419 per month |
Financial Requirements
| Net Worth | $250,000 |
| Liquid Capital | $60,000 - $80,000 |
Franchisee Qualifications
A passion for wanting to help people lead healthy lifestyles
Desire to be an entrepreneur
Commitment to follow a proven system
Financing
| Does franchisor offer financing? | Yes |
| Is franchisor on the SBA's Franchise Registry? | Yes |
| Is franchisor a member of the IFA's VetFran program? | Yes |
Anytime Fitness
12181 Margo Avenue South
Hastings, MN 55033
651-438-5000
