Orangetheory Fitness Franchise For Sale

Orangetheory Fitness - More Than a Gym

Description
Business Features

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 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
Exterior Signage	$5,000	$7,000
Audio/Video System, Other Equipment and Supplies	$20,500	$25,500
Computer System	$14,000	$18,000
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
Insurance	$3,500	$5,000
Additional Funds - 3 months	$25,000	$50,000
Estimated Total (Excluding real estate purchase costs)	$488,405	$994,360

Ongoing Fees

Initial Franchise Fee: $59,950
Ongoing Royalty Fee: 8%
Ad Royalty Fee 2%

Support Options

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.
Products Purchases	Varies.
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