21 Minute Convenience Fitness vs Workout Anytime 24/7 Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of 21 Minute Convenience Fitness vs Workout Anytime 24/7 including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
21 Minute Convenience Fitness Franchise
Workout Anytime 24/7 Franchise
Investment $124,500 - $195,300$562,850 - $1,008,550
Franchise Fee $29,500$35,000
Royalty Fee 3%4%+
Advertising Fee -1%
Year Founded 20031999
Year Franchised 20052005
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee 25% of fran. fee-


Business Experience Requirements
 
21 Minute Convenience Fitness Franchise
Workout Anytime 24/7 Franchise
Experience --

Financing Options
 
21 Minute Convenience Fitness Franchise
Workout Anytime 24/7 Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/YesYes/-
Start-up Costs No/YesYes/-
Equipment No/No-/Yes
Inventory No/No-/Yes
Receivables No/No-/-
Payroll No/No-/Yes

Training & Support
 
21 Minute Convenience Fitness Franchise
Workout Anytime 24/7 Franchise
Training Internet On-The-Job Training: 30 hours Classroom Training: 40 hours
Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluationsPurchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Co-op advertising, Ad slicksCo-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing
Operations 1% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 2 - 2

Absentee ownership of franchise is allowed.

-

Expansion Plans
 
21 Minute Convenience Fitness Franchise
Workout Anytime 24/7 Franchise
US Expansion -Yes
Canada Expansion No-
International Expansion YesYes

Company Overviews

About 21 Minute Convenience Fitness

We are passionate about helping others succeed and invite you to explore a revolutionary business opportunity in the rapidly expanding fitness world. If you desire the freedom and independence to own and operate your own business, combined with the satisfaction of helping others achieve their health and fitness goals, then join 21 Minute Convenience Fitness, The Leader in Convenience Fitness. In 2004, former Harvard University economist, Zane Paul Pilzer, stated that the fitness, weight loss and wellness market in the US would grow from $300 billion to over one trillion dollars by the end of the decade!

About Workout Anytime 24/7

Franchising with Workout Anytime is a great option for those who are looking to have more control over their own destiny by running their own business. One of the perks of franchising with an established brand like Workout Anytime is that once your location is up and running, you’ll be able to enjoy greater flexibility with your time. We want our franchise-partners to enjoy financial and lifestyle independence by being able to delegate day-to-day tasks to their trusted employees, leaving them free to decide for themselves when they’d like to come in to work.

The total investment necessary to begin operation of a Workout Anytime franchised business is from $562,850 to $1,008,550. This includes
$159,398 to $273,004 that must be paid to the franchisor or affiliate.
The total investment necessary under the Development Agreement is from $1,643,550 to $2,980,650. This includes total initial franchise fees of $60,000 that must be paid to the franchisor or its affiliates.
Veteran Incentives  22% off franchise fee

"Entrepreneur
#351 in Franchise 500 for 2020.