Quick Answer: Is Anytime Fitness And 24 Hour Fitness The Same?

Are Anytime Fitness and Planet Fitness the same?

There are two main differences between Anytime and Planet Fitness.

Anytime will cost more no matter how you slice your membership, but you’ll get a lot more for the money.

Anytime has great weightlifting equipment and group fitness classes to choose from, where Planet Fitness is far more limited in these areas..

What company owns 24 Hour Fitness?

AEA Investors24 Hour FitnessTypePrivateKey peopleTony Ueber (CEO)OwnerAEA Investors, Ontario Teachers’ Pension PlanNumber of employees22,000+Website24hourfitness.com7 more rows

What is the cheapest gym to join?

Five most affordable gym membershipsPlanet Fitness. Planet Fitness advertises itself as a gym for people who don’t like gyms, with ads referring to every Planet Fitness location as a “Judgement Free Zone.” … Cardinal Fitness. … Your Local YMCA. … Gold’s Gym. … LA Fitness.

Why do gyms fail?

There’s plenty of other factors to consider such as employees, equipment, and much more! If there’s no decisive plan of action your gym will likely fail in the ultra-competitive market. As stated the gym market is very competitive. … Gyms that decide to open near competition must do their best to solidify themselves.

Does 24 Hour Fitness own Anytime Fitness?

Snap Fitness, and Anytime Fitness, are two of the largest franchisors of 24/7 fitness clubs, and both offer monthly memberships, and new, clean facilities.

Is Anytime Fitness a good gym?

Anytime Fitness is a reasonably priced gym with exceptional convenience and a pretty good selection of equipment and group fitness classes. Each franchise is run by different management, but in general, people tend to be happy with the staff at Anytime.

What is the most expensive gym membership?

The Ten Most Expensive Gym Memberships.#10 – L.A. Fitness.#9 – Crunch Fitness.#8 – David Barton Gym.#7 – East Bank Club.#6 – SoulCycle.#5 – New York Sports Clubs.#4 – Equinox.More items…•

Will 24 Hour Fitness go out of business?

No, 24 Hour Fitness is not going out of business. Our Chapter 11 filing is expected to facilitate our financial and operational restructuring so that we can reinvest in our existing clubs and offer great fitness experiences to our club members, team members and guests for many years to come.

How do you own an Anytime Fitness?

Our fee structure includes a one-time $42,500 franchise fee and an ongoing $699 monthly payment. Most franchisors take a percentage of gross sales. With Anytime Fitness, you don’t pay fees based on sales totals.

How much does anytime fitness cost to join?

GymNumber of gymsJoining fee?Anytime Fitness3,200+$99Fitness First62$99Jetts250+$79 (for fob) + $89 joining feeVirgin Active6$0 on a 12-month contract7 more rows

Is it profitable to own a gym?

Gym ownership doesn’t normally come with a fixed salary. Your earnings are dependent on your profit, how many hours you’re willing to put in to keep staffing costs down and how much cash you want to reinvest in your business. The good news is, if you run a profitable gym, your salary is really up to you.

Can I use my Anytime Fitness membership at any gym?

Yes, globetrotter! When you are a part of the Anytime Fitness family, you can work out at gyms nationwide AND around the globe thanks to our worldwide club access. Think of it as a global membership plan.

Is owning an Anytime Fitness profitable?

Membership revenues: Based on reports from Anytime Fitness’s designated processor, the average monthly membership fees paid under each membership agreement to Anytime Fitness franchisees was $36.58 per member and the median monthly membership fees paid was $35.78 in the 12 months ended on February 1, 2018, for clubs …

How much does it cost to own a 24 Hour Fitness?

Also, owners pay a monthly flat fee of $499 to Anytime, unlike most franchise systems where franchisees are charged a percentage of sales. Startup costs run between $46,299 and $321,899, depending on the size of the gym.

How much money can you make owning an Anytime Fitness?

The average yearly revenue for Anytime Fitness franchises is $421,800, and the average yearly profit is $114,611. Of course, these figures can vary greatly from one franchise to another, depending on factors such as location, market demand, management practices and more.

How do I start a gym with no money?

Starting a Fitness Business With No MoneyBe Realistic. It is a key aspect of keeping your budget down when starting your first fitness business. … Use Low-Cost or Free Marketing Techniques. You could use business cards or paid referrals to market yourself at a low cost. … Use Free Resources. … Don’t Overdo It.

Who is the CEO of 24 Hour Fitness?

Tony Ueber (–)24 Hour Fitness/CEO24 Hour Fitness (the “Company”) today announced that Tony Ueber, former President and CEO of Results Physiotherapy, will become Chief Executive Officer, effective immediately.