Charter Fitness - Franchise
With more than 40 company-owned and operated locations in the Midwest, Charter Fitness has the experience that can make all the difference! As a franchisee, you’ll receive all the tools and resources you need to grow your business as we continue to grow ours!
What Does a Charter Fitness Franchise Cost?
To buy a franchise with Charter Fitness, you'll need to have at least liquid capital of $300,000 and a minimum net worth of $700,000. Franchisees can expect to make a total investment of at least $750,000. They also offer financing via 3rd party as well as a discount for veterans (50% off of the Initial Franchise Fee). *
Requirements
Financial requirements for this franchise:
Liquid Capital: | $300,000 What does Liquid Capital mean? |
---|---|
Net Worth: | $700,000 What does Net Worth mean? |
Total Investment: | $750,000 What does Total Investment mean? |
Options
Options available to franchisees:
Financing: | Via 3rd party |
---|---|
Training: | Available |
Veteran Discount: | 50% off of the Initial Franchise Fee |
Franchisor Details
Facts about this franchise:
Total Units: | 38 |
---|---|
Home Office: | Orland Park, IL |
Year Founded: | 2012 |
Own a Charter Fitness Health Club
Charter Fitness is one of the Chicagoland areas largest and fastest growing fitness centers. Poised for ambitious growth, our business model is one of the most attractive in the industry offering a best-in-class concept and providing a solid return on investment.
Experienced Leadership
With nearly 15 years experience in the fitness industry, the Charter Fitness leadership team knows what it takes to open and operate a successful health club. We’ve developed a strong business model as well as the processes, systems and operational expertise to help you deliver top and bottom line performance excellence.
We’ve established the Charter Fitness brand with 38 current affiliate locations and more scheduled to open in the near future. As owner/operators ourselves, we are fully invested in the success of our business and continually strive to improve the return on investment and membership experience.
As a franchisee, you’ll receive pre-opening and on-going support services including hands-on training related to business systems, procedures and operations; recruiting, development and training; and financial metrics. You’ll also have access to impactful marketing and advertising materials to build awareness of your club and drive membership.
Strength For Investors
A qualified franchise candidate will need $300,000 in liquid assets and $750,000 net worth. According to the Charter Fitness FDD, Charter Fitness health clubs generate an average total revenue of $855,979 yielding an average EBITDA of $182,134. In addition, we have 14 Charter Fitness locations open for 12 months that will typify the club format that franchisees will have the opportunity to develop. For these locations, average revenue was $1,051,830 with an average EBITDA of $305,027. We've done the heavy lifting to establish and refine the Charter Fitness concept. We will also continue to operate corporate facilities, now numbering 38 with 6 new facilities planned to open over the next year.
Growing Smart
The Chicagoland area has been home to Charter Fitness and the base of our growth for nearly 15 years. With the expertise we’ve developed, we’re committed to expanding in major markets in the Midwest as well as in Arizona, Florida and Texas. With the use of sophisticated market-planning capabilities, we will help franchisees identify trade areas in targeted markets that offer the best mix of demographics and traffic counts to narrow down the most attractive real estate. These metrics have kept our corporate facilities growing strong for years, and we know they will deliver value for a franchise owner.
Our Members Put ‘Fitness First’
Whether members are looking to lose weight, train for an upcoming event or simply maintain a healthy lifestyle, a Charter Fitness membership provides everything they need to reach their goals. Our clubs offer state-of-the-art equipment including Life Fitness and Precor, a comfortable and inviting workout environment and access to specialized, results-oriented training programs.
The Charter Fitness Personal Training program provides additional value to every membership. Our personal trainers receive extensive training and are provided the necessary tools to develop programs customized around every individual’s needs. Programs progress through phases which keep the workouts challenging, exciting and innovative.
And unlike other fitness clubs, we have moved to a larger box of 16,000 – 20,000 square feet. These new clubs have rewarded us with higher sales and more importantly higher profits. It’s this new model we intend to grow and expand with future franchise partners.
Disclaimer: This information is not an offer to sell or solicit an offer to buy a franchise from Charter Fitness or anyone acting on our behalf. Franchises are offered solely in compliance with our Franchise Disclosure Document. We currently offer to sell franchises only in certain states according to the applicable laws governing the offer and sale of franchises. We do not offer to sell franchises in geographic locations unless and until we have complied with all applicable legal requirements for the subject jurisdiction. The financial projections referenced above are based upon reasonable past performance as included in Item 19 of our 2015 Franchise Disclosure Document but in no way guarantee future performance.
Video
Availability
Charter Fitness is currently accepting inquiries from the following states:
Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District Of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
Interested parties should have at least $300,000 in liquid capital to invest.
Here are some other suggestions in the same category that you selected
Get started for as little as $15,000. Make an investment in your future. No franchise fees, setup fees or training costs. 100% of your investment goes to your business. Do you need work that can fit around your family…
15k Minimum Cash Required
There is NO better business model that is designed to excel in inflation, recession, and uncertain times. We help you create the ultimate MONTHLY cash flow for years by helping companies save money when they need it. Buy a…
70k Minimum Cash Required
VOTED TOP PART TIME - WORK AT HOME BUSINESS! Are You Looking to Make an Additional $100,000 in the Next 12 Months - No Employees to Hire - No Equipment to Rent/Buy - No Office/Warehouse to Rent/Lease - Start Making money in…
30k Minimum Cash Required
At Coast Supply, we sell and install exceptional flooring, custom couches, and window coverings at an unbeatable value. We carry only the best the industry has to offer and provide a full-service approach, handling everything…
50k Minimum Cash Required
Lawn Pride is a rapidly growing lawn care franchise, but you don't have to get your hands dirty to be an owner. Operating within a growing and recession-resilient industry that provides in-demand services, franchise…
50k Minimum Cash Required
Sniffing around for a great new opportunity? Zoomin Groomin is expanding our Mobile Pet Grooming business nationwide. Set your own schedule, be your own boss and work with pets all day. We’ll be right by your side, every…
100k Minimum Cash Required
Did you know you could partner with a company to build out your entire e-commerce store, from product research to inventory acquisition to marketing? Yep! You can easily make 6-7 figures in passive income when we build your…
30k Minimum Cash Required
The #1 women’s fashion franchise. We train our franchisees to be THE fashion destination in their local market, bringing in new styles earlier and more often than any competitor, all at reasonable prices, and ultimately win…
80k Minimum Cash Required
Join a $200 Billion Dollar Industry! 1-800-Plumber +Air is more than just a financial investment or an opportunity for you to own your own business. 1-800-Plumber +Air owners gain access to a proven system and…
150k Minimum Cash Required
Growth Coach is a leader in small business coaching. We provide strategic processes to help small business owners, franchisees, and managers drive their success. This is your opportunity to make the money you want, have the…
50k Minimum Cash Required
Own the fastest-growing food truck business in the world, demonstrating 84.6%* margins!
100k Minimum Cash Required
Join America's #1 Cabinet Refinishing Franchise! N-Hance is a top-rated brand in the $450 billion home remodeling industry. With low costs of ownership, a proven business model designed for growth, and multiple revenue…