Three individuals, Dave Long, Ellen Latham, and Jerome Kern, developed Orangetheory Fitness in 2010. Xponential Fitness, a parent company that also owns well-known fitness franchises including Pure Barre, Club Pilates, and CycleBar, currently controls the business.
Just two years after its founding, in 2012, Orangetheory started franchising. Since then, the franchise has expanded quickly; as of 2021, there are more than 1,300 sites across 23 nations.
Anytime Fitness, a well-known fitness franchise, is the most lucrative franchise to own, according to Entrepreneur’s 2021 Franchise 500 ranking. Orangetheory, with a high rating for overall franchise satisfaction, is ranked as a top-performing franchise in the fitness sector.
An Orangetheory franchise might cost more or less depending on a number of variables, including location and size. The initial franchise fee, however, is $59,950. Franchise owners must also continue to pay continuing royalties and advertising costs. The total amount needed to launch a franchise can range from $563,529 to $994,795 according to the Orangetheory website.
How much money can you expect to make as an Orangetheory franchisee? Since there are so many different factors to take into account, the solution is not simple. The average Orangetheory franchisee, meanwhile, generates $165,000 in annual revenue, according to Franchise Business Review. Naturally, this figure might vary significantly based on the area, the level of competition, and other aspects.
Conclusion: While opening an Orangetheory franchise can be a successful business venture, it’s crucial to conduct your research and carefully weigh the costs and possible rewards before committing. An Orangetheory franchise can produce big money and offer a fulfilling career for fitness industry entrepreneurs with the correct location and marketing plan.