Charter Fitness is a low cost gym (basic memberships start at $10 month) that encourages a higher volume of customers and a comfortable environment. Additional revenue comes from the sale of fitness products as well as personal training. Ideal for anyone with experience in health and wellness.
Facts & Figures
Liquid capital required
Net worth required
$692,850 - $1,482,000
Units in operation
The FranchiseHelp Brief
What is it?
- Charter Fitness is a gym that emphasizes low membership fees and a comfortable environment
- Charter offers very low basic memberships of $10 per month, encouraging a higher volume of customers
How does it make money?
- Membership fees
- Additional revenue from the sale of health and fitness products as well as personal training
- Corporate and group rates are also an option
Who is it for?
- Someone with experience in health and wellness
What would you do as a franchisee?
- Hire and oversee staff
- Train staff on sales strategies
- Marketing and advertising to build the customer base
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.
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.
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