An extremely popular workout brand that has swept the globe is called Orangetheory workout. The business has rapidly expanded to over 1,200 locations worldwide and is still growing. How much money can you actually make by running an Orangetheory franchise, though? Let’s look more closely.
The average Orangetheory studio earns over $1 million per year in income, according to Entrepreneur. However, keep in mind that this figure might fluctuate significantly depending on elements like region, rivalry, and studio size. Franchise owners of Orangetheory must also pay the firm a monthly 2% national marketing fee in addition to a 6% royalty fee.
What is the most lucrative franchise to own, then? With an average yearly income of $1.4 million, Anytime Fitness is the most lucrative franchise, according to Forbes. Orangetheory, with its $1 million average revenue, is not far behind.
How much money is required to launch an Orangetheory franchise, though? Depending on the location, size, and equipment requirements, the initial expenditure to create an Orangetheory studio can range from $500,000 to $1 million. The franchise fee, property, tools, and other startup expenditures are all included at this price.
Then, how does Orangetheory generate revenue? Orangetheory generates revenue through both membership fees and product sales. Depending on the location and package selected, monthly membership fees typically run from $59 to $159 per person. Products including heart rate monitors, exercise equipment, and vitamins are sold as merchandise.
And last, how many people make up an Orangetheory studio? Franchise Times reports that the typical Orangetheory studio has 800 participants. However, this figure might differ significantly based on elements like location and competitiveness.
In conclusion, with an average yearly revenue of over $1 million, owning an Orangetheory franchise can be very beneficial. The initial investment, however, can be substantial, and franchisees are required to pay a monthly royalty and marketing charge to the franchisor. The success of an Orangetheory franchise ultimately hinges on variables including location, competition, and studio size.