Popular fitness brand Pure Barre focuses on low-impact, high-intensity exercises. Carrie Rezabek Dorr, a dancer and fitness fanatic, founded the business in 2001. Since then, it has expanded to more than 500 locations across North America. But the issue of whether having a Pure Barre is profitable still stands.
In order to respond to this query, let’s first examine the expenses related to opening a Pure Barre studio. The initial investment might range from $198,350 to $480,550, according to the business website. The franchise price, set-up fees, equipment charges, and other costs are included in this. In addition, the corporation is required to receive recurring royalties and marketing costs.
Many Pure Barre franchise owners claim that their studios are profitable despite these expenses. A 2019 Franchise Business Review poll found that 71% of Pure Barre franchise owners thought their financial opportunity was “good” or “very good.” The same poll also revealed that the typical annual income for a Pure Barre facility was $387,137.
Naturally, a variety of factors, including as location, level of rivalry, and the capacity to draw in and keep customers, affect profitability. However, Pure Barre’s success and devoted clientele can make it an alluring investment for businesspeople who are interested in the fitness sector.
Xponential Fitness, a business that also owns the fitness chains Club Pilates, CycleBar, and YogaSix, is the proprietor of Pure Barre. Anthony Geisler has served as the CEO of Xponential Fitness since the organization’s founding in 2017.
Speaking of CycleBar, their website states that the initial investment for a franchise with them can range from $262,900 to $479,000. Similar to Pure Barre, there are recurring royalties and marketing costs in addition to the initial $60,000 franchise fee.
In conclusion, business owners who have a love for fitness and the financial wherewithal to invest in a franchise may find that owning a Pure Barre studio is a wise investment. Although the startup fees could be considerable, the company’s success and tested business plan can help franchise owners succeed and maintain their financial security.