Anytime FitnessFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Anytime Fitness franchise requires a total initial investment of $398K – $973K, including a $43K franchise fee. Per the 2024 FDD, average unit revenue was $442K[2]. SBA 7(a) loans show a 11.7% charge-off rate across 1,108 loans[1]. Verdict grade: A. Run a live ROI scan →
Data last verified June 21, 2026 · figures per the 2024 FDD issuance
Overview
- Investment
- $398K – $973K
- 73rd pct Health & Fitn…
- Avg gross sales
- $442K
- 21st pct Health & Fitn…
- Royalty
- N/A
- Units
- 2,310
- 98th pct Health & Fitn…
- SBA default
- 11.7%
- system-wide median varies by category
Quick verdict · Health & Fitness · color = vs category peers
Green = >15% above Health & Fitness avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
At 0.6x revenue per dollar invested, this system underperforms the typical 1.5-2.5x range.
Franchised units fell from 2334 to 2298 over 3 years. Investigate why operators are leaving.
16% cash-on-cash return (based on P&L Bottom Line). Within the 15-30% range most franchise investors consider acceptable.
Large franchise systems benefit from brand recognition, supply chain leverage, and proven operations.
Bottom line
- Total investment $398K – $973K including a $43K franchise fee.
- Average unit revenue of $442K/year (median $389K), with an estimated 16% cash-on-cash return (based on P&L Bottom Line).
- Verdict A (Top Quintile) with a risk score of 37/100. SBA loan charge-off rate of 11.7% across 1108 loans (above the 16% franchise average, based on all SBA 7(a) franchise lending, 2010–2024).
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- ANYTIME FITNESS FRANCHISOR LLC
- Parent company
- Purpose Brands Holdings, LLC
- Incorporated in
- DE
- HQ
- 111 Weir Drive, Woodbury, MN 55125
- Auditor
- Redpath and Company, LLC
- Audited financials
- Franchisor revenue
- $172.1M
- vs $184.1M prior year
Overview
About
Franchisees operate 24/7 self-service fitness facilities, managing membership sales, facility maintenance, equipment upkeep, and member retention. Day-to-day duties include staffing front desk/cleaning, managing HVAC/security systems, marketing memberships, and handling member support—typically with 1-3 full-time employees.
- CEO
- Thomas Leverton
- Headquarters
- MN
- Founded
- 2021
- FDD year
- 2024
- States available
- 50
FDD Item 7 · 2024 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $43K | $43K |
| Working capital (3–6 mo) | $46K | $48K |
| Equipment, build-out, other | $309K | $883K |
| Total initial investment | $398K | $973K |
Source: Anytime Fitness 2024 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$128K
29.0% margin
Unlevered ROIC
18%
EBITDA / total invested capital
Payback
5.7 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $398K – $973K
- Below avg, review vs category
- Liquid capital req'd
- $46K – $48K
- Below avg, review vs category
- Franchise fee
- $15K – $43K
- Better than avg vs category
- Royalty
- $799 per month
- Ad fund
- $600
- Payback period
- 6.1 yrs
- From FDD / Item 19
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Technology fee | $799 |
| Transfer fee | $10K |
| Renewal fee | $8K |
Financial Performance
- Avg gross sales
- $442K
- Per unit, per year
- Median gross sales
- $389K
- Avg p&l bottom line
- $113K
- Reported as P&L Bottom Line in FDD Item 19
- Cash-on-cash
- 16.4%
- Based on P&L Bottom Line / investment midpoint
- Item 19 type
- Franchised unit revenues and company-owned unit P&L
- Sample size
- 1530 units
- vs category median 11 · large
- Range (low → high)
- $37K→$1.8M
- Cohort dispersion (min → max)
- Transparency
- 8 / 5
- vs category median 4 / 5 · above
Compared against 180 Health & Fitness brands
Revenue is only 0.6x the investment. This means each unit may take 5+ years to recoup the initial outlay at typical margins.
vs Health & Fitness averages
How Anytime Fitness Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 2,310
- Opened
- 47
- Last reporting year
- Closed
- 67
- Turnover rate
- 2.9%
- Company-owned
- 12
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (yr3)
- -0.9%
- Net unit change last year
- 3-yr CAGR
- -1.5%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 243
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 50 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 1,108
- Loan volume
- $449.0M
- Median loan
- $288K
- 50th percentile
- Charge-off rate
- 11.7%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 88.3%
- 5-yr charge-off
- 2.0%
- Loans approved 2021+
- Active lenders
- 249
- Defaults
- 94
Vintage analysis
Anytime Fitness charge-off rate by loan vintage
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Anytime Fitness's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 10 lenders with concentration factor
- Per-state charge-off rates across 15 states
- Startup risk premium and job creation velocity
- 24-year lending trend
- SBA 504 real estate/equipment data
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Anytime Fitness presents moderate-to-cautionary risk: a mature, contracting system with litigation clouds, thin unit economics, and no Item 19 disclosure to validate earnings claims.
Audited financials (Item 21)
Yes · Redpath and Company, LLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Score breakdown · what drove the 37 / 100 rating
- 01MINORSystem declining: -0.9% YoY unit contraction signals market saturation or franchisee struggles despite 2,310 locations
- 02HIGHLitigation exposure: Spain franchisee breach-of-duty lawsuit on appeal + affiliate regulatory actions (Illinois/New York) indicate FDD disclosure and compliance vulnerabilities
- 03MINORThin margins: $112,687 avg net income on $441,894 revenue (25.5% net margin) leaves minimal buffer for underperformance or unexpected costs
- 04MEDHigh initial investment relative to margins: $397k-$973k entry cost requires 3.5-8.6 years to recoup at avg net income, assuming zero growth/decline
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 6 years |
|---|---|
| Renewal term | 5 years |
| Territory type | Radius |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Minnesota |
| Litigation count | 3 |
Items 10, 11
Training & Operations
- Classroom training
- 39 hrs
- On-the-job training
- 24 hrs
- POS system
- Club Operating Software / Club Management Software
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Club Operating Software / Club Management Software
Item 20 · call current owners
Franchisee Contacts
2,444 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Anytime Fitness · FDD (2024) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Anytime Fitness franchise?
The total investment to open a Anytime Fitness franchise ranges from $398K – $973K, with an initial franchise fee of $43K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Anytime Fitness franchise owners earn?
According to Item 19 of the Anytime Fitness FDD, the average gross sales per unit is $442K. The median is $389K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Anytime Fitness's franchise failure rate?
Based on SBA 7(a) loan data, Anytime Fitness has a charge-off rate of 11.7% across 1,108 loans, meaning 11.7% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.
How many Anytime Fitness franchise locations are there?
As of their most recent FDD filing, Anytime Fitness has 2,310 total units in the United States, including 2,334 franchised units and 12 company-owned units. 47 new units were opened in the latest reporting year.
Is Anytime Fitness a good franchise to buy?
FranchiseVerdict rates Anytime Fitness as a A-grade franchise with a risk score of 37 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.