Opening a 9Round Fitness franchise can be an exciting and profitable venture for those passionate about fitness and helping others achieve their health goals. Known for its unique 30-minute kickboxing-themed fitness program, 9Round Fitness has carved a niche in the competitive fitness industry. This article provides detailed information on the costs involved in opening a 9Round Fitness franchise and the potential profits you can expect.
Introduction to 9Round Fitness
9Round Fitness was founded in 2008 by Shannon and Heather Hudson in Greenville, South Carolina. The franchise offers a unique fitness experience with a kickboxing-themed circuit training program designed to deliver results in just 30 minutes. The program includes nine workout stations that combine strength, cardio, and kickboxing exercises, providing a full-body workout. With no set class times, members can start their workout whenever they arrive, making it a convenient option for busy individuals.
Initial Franchise Costs
Franchise Fee
To open a 9Round Fitness franchise, you will need to pay an initial franchise fee. This fee grants you the right to use the 9Round Fitness name, brand, and business model. The franchise fee for 9Round Fitness is $30,000.
Total Investment
The total investment required to open a 9Round Fitness franchise can vary based on location, size, and other factors. On average, the total investment ranges from $91,600 to $133,200. This investment includes the following costs:
- Real Estate and Leasehold Improvements: Depending on the location, leasing a suitable space and making necessary improvements can cost between $18,500 and $48,200.
- Equipment and Fixtures: Purchasing the necessary equipment and fixtures for your 9Round Fitness gym can range from $25,000 to $30,000.
- Initial Inventory: The cost of initial inventory, including fitness gear and supplies, typically ranges from $5,000 to $10,000.
- Training and Support: 9Round Fitness provides comprehensive training and ongoing support to its franchisees. Training and support fees are included in the initial investment and can range from $5,000 to $10,000.
- Marketing and Advertising: To promote your new franchise, you will need to invest in marketing and advertising. Initial marketing expenses can range from $5,000 to $10,000.
- Working Capital: It is essential to have sufficient working capital to cover operating expenses during the first few months of operation. The recommended working capital is between $15,000 and $25,000.
Ongoing Fees
In addition to the initial investment, there are ongoing fees associated with owning a 9Round Fitness franchise. These include:
- Royalty Fee: 9Round Fitness charges a royalty fee of 6% of gross sales.
- Advertising Fee: Franchisees are required to contribute 2% of gross sales to a national advertising fund.
Potential Profit
The potential profit for a 9Round Fitness franchise can vary based on factors such as location, management, and market conditions. On average, a well-operated 9Round Fitness franchise can generate annual gross sales ranging from $150,000 to $300,000.
The profitability of your franchise will depend on your ability to manage costs and maximize sales. After deducting expenses such as rent, labor, equipment maintenance, and royalties, the net profit margin for a 9Round Fitness franchise typically ranges from 10% to 20%. This means that a successful franchise can potentially generate an annual net profit of $15,000 to $60,000.
Alternative Franchise Options
If you are considering opening a franchise in the fitness industry, there are several alternatives to 9Round Fitness. Here is a comparison table of some popular franchise options:
| Franchise | Initial Investment | Franchise Fee | Royalty Fee | Advertising Fee | Potential Annual Sales |
|---|---|---|---|---|---|
| 9Round Fitness | $91,600 – $133,200 | $30,000 | 6% | 2% | $150,000 – $300,000 |
| Anytime Fitness | $80,000 – $500,000 | $42,500 | 7% | 2% | $300,000 – $700,000 |
| F45 Training | $313,200 – $485,100 | $50,000 | 7% | 2% | $600,000 – $1,000,000 |
| Orangetheory Fitness | $563,529 – $999,121 | $59,950 | 8% | 2% | $500,000 – $1,500,000 |
| Planet Fitness | $1,000,000 – $4,100,000 | $20,000 | 7% | 2% | $1,000,000 – $4,000,000 |
Conclusion
Opening a 9Round Fitness franchise can be a lucrative business opportunity for those passionate about fitness and helping others achieve their health goals. With a strong brand, comprehensive training, and ongoing support, 9Round Fitness offers a solid opportunity in the competitive fitness market. By understanding the initial and ongoing costs, as well as the potential profits, you can make an informed decision about whether this franchise is the right fit for you.
If 9Round Fitness does not align with your goals or budget, there are several alternative franchise options available in the fitness industry, each with its unique investment requirements and profit potential. By comparing these options, you can find the best franchise opportunity that suits your interests and financial capabilities.