Do you want to know how much pure barre franchise make in profit yearly? If YES, here is an analysis of the salary & income potential of pure barre owners. In this age of clarity and health awareness, everyone wants to remain healthy.
However, going to the traditional gym is not for everyone, for so many reasons. Pure Barre in its own right is a fitness program that offers the best techniques from ballet, Pilates, and yoga to establish a fast, low-stress class in a friendly and inclusive atmosphere.
The cost to open a Pure Barre franchise in the starts at 8,000, but that does not include the cost of the location. Some franchisees can spend double this amount depending on the location of their franchise, the size of the gym, and other factors.
How Pure Barre Franchise Owners Makes Money
Just like it’s accustomed with franchises, a Pure Barre franchisee is expected to pay a royalty fee of seven percent and an advertising fee of one percent of all gross sales. Besides these fees, there are the normal business expenses of rent, labour, utilities, and insurance. Note that the target market for this business is usually financially stable women who are interested in living a healthy lifestyle which involves working out three to four times per week.
Note that one of the best things about buying into a franchise is the company wants every single owner to succeed. This is especially true with Pure Barre, and is the reason the company is careful in choosing only to do business with people who have a background in running a business.
Understanding how to manage a business and how to deal with people is necessary to the success of this business. Owners have to motivate not only their staff, but also their clients every day. According to experts, there is a great amount of growth in the boutique fitness craze.
All these smaller, specialized gyms are really taking a bite out of the market share of the larger, impersonal mega-gyms. According to a 2015 study, these boutique gyms already makes up 21 percent of the health club market in the US. Since the study was released some 5 years ago, hundreds of more gyms have opened across the US and their popularity continues to grow.
Estimated Profit Potential of a Pure Barre Franchise
Pure Barre franchise owners have multiple revenue streams. For instance, clients can pre-order a set number of classes or join for a set membership price which allows them to attend unlimited classes. Pure Barre Franchise Owners also generate revenue through the sale of Pure Barre brand exercise clothing, accessories and other equipment.
However, the prices for Pure Barre fitness varies based on the location, the type of membership and the number of classes members attend. For instance, in LA, the costs range from $25 per class, if the class is purchased individually, to $15 per class if the member buys 30 classes at a time.
At the same location, an unlimited monthly pass costs $225. The price for apparel and accessories are moderately priced from a few dollars for socks to around a hundred for Pure Barre training equipment. Also note that with an average of 24 people per class, a Pure Barre franchise can earn over $3.600 a week in profit. That is over $177,000 per year.
With an average of 15 people per class, profit is just under $1,500 per week, or just shy of $70,000 a year. Pure Barre Franchise Owner salaries can range from $98,042-$106,186. This estimate is based upon 1 Pure Barre Franchise Owner salary report(s) provided by employees or estimated based upon statistical methods.
To become more successful and earn more profits, Pure Barre franchisees can promote the sale of apparel and accessories, in addition to opening more classes which are geared to specific demographics like brides or new mothers. Also providing a welcoming gym with good instructors, a convenient schedule, and value for cost is essential for retaining customers.
Marketing is usually handled by the head office, which will help set up franchisee’s website and provide additional marketing materials and advice. The parent company also helps new franchisees get off on the right foot by providing a proven business plan. Owners can benefit from learning as much as they can about the system in order to be able to answer questions and make sure instructors are doing a good job in class.