Orangetheory Fitness Franchise For Sale
Orangetheory Franchise Opportunities
Orangetheory franchise is an international fitness chain which started in the USA and expanded to 21 countries. It specializes in group and personal training workouts. Owning an Orangetheory fitness franchise means seizing a vast range of Orangetheory fitness franchise opportunities. Such as many years of experience in the industry, a set of trainings for a franchisee, a reasonable cost and profit ratio. How to start an Orangetheory franchise? Choose the format among offered for sale, analyze Orangetheory franchise investment information including all fees required to pay for starting the franchise, study the franchise requirements and match them with your needs and ambitions.
How to open a Orangetheory Fitness franchise?
- Ensure you have adequate capitalization.
In order to open a Orangetheory Fitness franchise, you must have a net worth of more than $488,000.
- Appreciate the investment required for a franchise.
You will need to consider building and real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc.
- Evaluate your prior experience and strengths.
You should thoroughly evaluate your prior business experience before applying to become a Orangetheory Fitness franchise owner.
- Assess market availability.
You will want to look at the market availability for Orangetheory Fitness franchises and see if there are available markets in your location of interest before proceeding with the franchising application.
- Submit your application.
Your application will be reviewed by the Orangetheory Fitness franchise team. You will be emailed a confirmation receipt upon reception of your online application, where we will additionally provide the contact details of the franchise owner.
- Receive approval & opening your Orangetheory Fitness franchise.
You will receive franchise approval once your financial and background checks are completed. Approval will only be given to candidates who meet all the requirements of franchise owners.
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How much does Orangetheory Fitness franchise cost?
Orangetheory Fitness has the franchise fee of up to $59,950, with total initial investment range of $488,405 to $994,360.
Initial investments: $488,405 - $994,360
Net-worth Requirement: $500,000
Liquid Cash Requirement: $150,000
|Name of Fee||Low||High|
|Initial Franchise Fee||$42,500||$49,500|
|Travel and Living Expenses During Training (for all attendees)||$1,200||$4,800|
|Deposit for Leasehold||$12,000||$30,000|
|3 Month's Rent||$18,000||$45,000|
|Leaseholds Improvements and Construction Costs||$200,000||$560,000|
|Reception Desk, Retail Display Wall and all Interior Logo Signage||$11,500||$14,500|
|Fitness Equipment (including installation) and OT Beat Start-Up System||$93,108||$111,913|
|Fitness Equipment Maintenance Contract||$900||$1,500|
|Initial Inventory of Orangetheory Fitness Retail Merchandise||$4,000||$6,000|
|AED and First Aid Equipment/Training||$1,000||$5,000|
|Audio/Video System, Other Equipment and Supplies||$20,500||$25,500|
|Pre-Sale and Grand Opening Advertising||$30,000||$40,000|
|Pre-Sale Coordinator Program||$0||$3,900|
|Business Licenses/Miscellaneous Opening Costs||$1,000||$4,000|
|Additional Funds - 3 months||$25,000||$50,000|
|Estimated Total (Excluding real estate purchase costs)||$488,405||$994,360|
Initial Franchise Fee: $59,950
Ongoing Royalty Fee: 8%
Ad Royalty Fee 2%
Are you interested in starting Orangetheory Fitness Franchise in the USA, Canada, Australia, Germany, the UK, India, or another country?
We provide estimated franchise costs for some countries:
- In the United States, the total investment to start the Orangetheory Fitness gym is around $488,405 to $994,360.
- In Canadian currency, the investment comes around Can$624,015 to Can$1,270,454.
- In Australian currency, the investment comes around AUD 637,000 to AUD 1,297,000.
- In currency of Germany, the investment comes around €397,339 to €808,956.
- In currency of the United Kingdom, the investment comes around £359,165 to £731,230.
- In Indian currency, the investment comes around Rs 3,57 crores to Rs 7,28 crores.
On-The-Job Training: 36 hours
Classroom Training: 33 hours
Additional Training: E-learning
Number of Employees Required to Run: 8 - 11
Orangetheory Franchise Info: https://www.orangetheoryfitness.com/franchising
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Other Fees for Orangetheory Fitness Franchise
|Type of Fee||Amount|
|Royalty Fee||8% of Gross Sales.|
|Brand Fund Contributions||Currently 1% of Gross Sales; maximum 3% of Gross Sales.|
|Local Advertising||Minimum amount that the franchisor designates, which will be between $2,500 - $4,000 per month.|
|Cooperative Advertising||As determined by Cooperative.|
|Successor Franchise Fees||25% of then-current initial franchise fee for new franchisees.|
|Transfer/Assignment Fee||25% of then-current initial franchise fee for new franchisees.|
|Relocation Fee||Fee equal to the franchisor’s costs and expenses.|
|Interest and Late Fees||Lesser of 18% per annum or the highest rate permitted by law, plus $35 per week or portion of a week that the payment or report is overdue.|
|Audit Expenses||Fee equal to the cost of audit, including any charges of independent accountants, travel expenses and per diem personnel charges.|
|Additional Training||Reasonable fee, currently $1,000 per person per session.|
|Refresher Training Fee||$250 per day per person trained.|
|Annual Conference||Up to $1,000 per person.|
|Annual Training Summit||Up to $500 per person.|
|On-Site Evaluation Fees||The franchisor’s costs and expenses in connection with the on-site evaluation.|
|Insurance Premiums||Amount of unpaid premiums, plus an administrative fee.|
|Technology-Software License Fees||Approximately $399-$749 per month, plus a $575 MindBody Online setup fee|
|Toll Fees||Approximately $149-$449 per month (currently $149 per month).|
|Non-Compliance Fee||Up to $1,000 per notice of violation.|
|Product/Supplier Approval Costs||Reasonable cost of inspection or testing plus actual cost of laboratory fees, professional fees and travel and living expenses of the franchisor’s personnel.|
|Management Fee||5% of Gross Sales plus the franchisor’s reasonable costs and expenses.|
|Costs and Attorney’s Fees||Will vary under circumstances.|
|Indemnification||Will vary under circumstances.|
|Operations Manual Replacement Charge||$250|
- Starting investments from:$488,405
- Company type:Gym
- Company foundation year:2010
- Year of launching the franchise2010
- Franchise enterprises:977
- Corporate Address:6000 Broken Sound Pkwy. N.W., #200 Boca Raton, FL 33487, USA
- Units in USA:36+
- Units in Canada:60+
- Units in the UK:6
- Units in Australia:6
- Units in Mexico:2