How much does a gym franchise cost?

With the popularity of gym franchises growing in the UK you may be wondering if you should invest in a gym franchise and how much does a gym franchise cost? If you have been asking these questions, this article will cover why gym franchises are such popular investments and how much a gym franchise can cost.

How much does a gym franchise cost?

There are a few fees that come when you decide to buy a gym franchise the first fee you will have to pay would be the initial franchise fee. This fee will usually be the most expensive to pay off when buying a gym franchise since this will pay for the physical location setup and the training that comes with becoming a new franchisee. Gym franchise fees usually range from between £20,000 to £75,000 or more depending on which gym franchise you choose.

Another fee you will be expected to pay upon opening your gym franchise would be a monthly royalty fee. This covers the ability to trade under a trusted and established brand name. This fee can either be a percentage-based fee depending on the gym franchise businesses monthly revenue or a fixed fee of £500 to £2,000 or more. Even though fixed fees are quite rare in franchising, they are sometimes used depending on the gym franchise business you decide to start.

Many other fees can come with buying a gym franchise, but these are mostly optional, such as marketing fees. When you start a gym franchise, you can pay your franchisor to handle all the marketing for you, and you will pay a fee for this throughout your marketing campaign. Another fee you can be expected to pay is a franchise resale fee. If you decide to sell your gym franchise, you will be expected to pay your franchisor a percentage of that resale. This cost will go towards training the next franchise owner in your sold franchise territory.

Why are gym franchises so popular?

Now that you know the costs that can come with opening a gym franchise, you may be wondering why gym franchises have become so popular recently there are many reasons for this, but the demand for gyms has gone up a lot lately, and one of the factors for this is lockdown eating since while we were in lockdown, some people developed unhealthy eating habits and lack of exercise as people were staying at home this will lead many people looking for a lifestyle change which might lead them to the gym to lose some weight they gained during those lockdown months. Another reason why gym franchises are so popular right now is that before the COVID-19 pandemic, the gym industry was growing rapidly each year. In fact, according to Statista, there are more gyms currently operating in the UK after the pandemic in 2022 than ever before. This shows that the gym industry is making a fantastic comeback after the COVID-19 pandemic and shows a promising future for gym franchises.

What are you waiting for? Browse the best gym franchises using Franchise UK today!

If you have read this article and decided a gym franchise would be the ideal franchise for you, feel free to browse our list of gym franchises for sale, providing the best gym franchise opportunities currently recruiting new franchisees in the UK. If you would like to learn more about buying a franchise or gym franchises before investing in a gym franchise, we fully understand and recommend you to check out our franchising blog providing high-quality information about franchising completely free of charge, helping you learn more about franchising to find the perfect franchise for you.

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