Do you want to start a Gym business by buying Lifetime Fitness franchise? If YES, here is how much it cost to open a Lifetime Fitness franchise. People would always want to look and feel healthy, and apart from the food we take and our general lifestyle, taking up a fitness routine is one thing that helps us in that journey. This is one of the major reasons that have lent profitability to the fitness industry. With hundreds of people picking up gym memberships every year, gyms and fitness centers are continuing to expand, most times through franchises.
One notable franchise in the fitness industry is lifetime fitness, and they are making steady progress, even surpassing some of their mates who entered the market first. If you are looking towards acquiring this franchise, let us show you how to go about it.
How Much It Cost to Open a LifeTime Fitness Franchise?
Lifetime Fitness indeed offers franchise as a way of expanding its frontiers in the fitness industry. But if you are interested in operating a Life Time Fitness franchise, then you should make the effort to contact the company on its website at www.lifetime.life to get information on the franchise fee and other fees.
From previous ownership records, it was revealed that total investment cost for a Lifetime Fitness franchise is between $25 million and $40 million. But that is the only cost information on ground. Other costs are typically hidden by the company and are only revealed on request.
LifeTime Franchise Training and Supports
LifeTime provides training and support for its franchisees. The support which the company provides for Lifetime membership includes;
- A grand opening support for their franchise locations from the company.
- A toll-free support line for its franchisees.
- Online support for its franchisees.
- All franchisees at the company get on-the-job training from the franchisor.
- There is also a site selection support made available to all franchisees.
- The company provides marketing support for its franchisees.
- LifeTime provides franchise location design and construction for all franchisees.
- Every franchisee of the company also receives advertising support from the company.
Steps on How to Get a LifeTime Fitness Franchise
To open a LifeTime Fitness franchise, the intending franchisee should contact the company directly on its website for all franchise inquiries. The company did not make this information open to the public.
What You Must Know About Lifetime Fitness
Life Time Fitness is a chain of fitness centers (or health clubs) in the , and they are based in Chanhassen, Minnesota. The company operates a chain of health and fitness clubs in the of America, even including Canada.
This club was launched in Minnesota in 1990 and registered the name Lifetime Fitness in 1992. There are now 121 centers across the United States and Canada, most of which are open 24/7. Research has it that this fitness center is rated fourth in the nation, with very positive reviews for programs, amenities and technology, and only average ratings for price.
The company’s history dates back to 28 years ago from 1990 when the company was known as FCA ltd. After a few years, in 1992 to be precise, the company changed its name to Life Time Fitness, Inc.
The company’s services include a food court, indoor and outdoor pool, personal fitness, child care center, and salon. Their corporate address is at 2902 Corporate Place Chanhassen, Minnesota, 55317, United States. Lifetime Fitness was founded by Bahram Akradi. Bahram, a businessman, was born in 1961, in Tehran, the capital of Iran.
Lifetime Fitness is considered the best with a plethora of programs for all ages including children. The Kid’s Academy is based on age, with camps during the summer and school breaks. Parents can also enjoy date night with their Night Out feature. Adult activities include swimming, yoga, running, Pilates, and cycling to name a few popular ones. Their facilities can be on a walk-in basis or by reservation.
Memberships are also varied with auto-pay features. A group fitness program is for clients that work better with a buddy system. Personal trainers are available to customize exercise routines that deliver results. Other exclusive perks include a café, chiropractic services, spa, magazine, and athletic events held throughout the year. Entrepreneurs that are looking for a robust ROI will be impressed with this multi-faceted fitness franchise.
The company has locations in more 37 cities in the United States and Canada with more than 131 franchise locations. In addition to its health clubs, the company has created or acquired, as of 2012, more than 200 annual races in the United States. These include the Life Time Tri Series, the Leadville Race Series, the Chequamegon Fat Tire Festival in Hayward, Wisconsin, the Dirty Kanza gravel bicycle race, and the Miami Marathon.