Pink Iron vs Workout Anytime 24/7 Franchise Comparison

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

Start-Up Costs and Fees
 
Pink Iron Franchise
Workout Anytime 24/7 Franchise
Investment $240,000 - $350,000$562,850 - $1,008,550
Franchise Fee $39,500$35,000
Royalty Fee 7%4%+
Advertising Fee up to 3%1%
Year Founded 20091999
Year Franchised 20152005
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Pink Iron Franchise
Workout Anytime 24/7 Franchise
Experience

We are seeking those who are passionate about women's fitness, have local market and industry knowledge, experience in the fitness industry, and have a teamwork-ready attitude! If you are smart, kind, and coachable you are ready to be a Pink Iron owner!

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Financing Options
 
Pink Iron Franchise
Workout Anytime 24/7 Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/-Yes/-
Start-up Costs -/-Yes/-
Equipment -/--/Yes
Inventory -/--/Yes
Receivables -/--/-
Payroll -/--/Yes

Training & Support
 
Pink Iron Franchise
Workout Anytime 24/7 Franchise
Training

White glove service with a full in-house training program, startup help, and ongoing trainings and meetings to keep everyone on the same page and with the most up-to-date information. We are committed to ensuring that every franchisee and their staff receives the very best training and support during the initial startup phase of the franchise. All owners and managers will come to the original Pink Iron location in sunny West Hollywood, CA and receive one-on-one training with our founder, celebrity trainer Holly Holton. Franchisees will walk through out systems, witness and learn how our flagship location is run, and leave with a deep understanding of what it takes to run a Pink Iron. Our Pink Iron franchise team is always available to visit on-location and help with any questions you might have or assistance you might require. We believe in being very hands-on to ensure that every Pink Iron is at the head of the market for women's fitness.

 On-The-Job Training: 30 hours Classroom Training: 40 hours
Support -Purchasing 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 Templates National Media Regional Advertising Social media SEO Website development Email marketing
Operations

Owner-operators are essential to the success of a Pink Iron location. We require that any owner, or at least 1/2 of an ownership team/partnership take a full-time role in running their Pink Iron franchise.

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Expansion Plans
 
Pink Iron Franchise
Workout Anytime 24/7 Franchise
US Expansion YesYes
Canada Expansion --
International Expansion -Yes

Company Overviews

About Pink Iron

Pink Iron is the new standard in women's gyms, boasting the Most Effective Workout in the World for Women all while being surrounded by a beautiful feminine and motivating environment. With a talented coaching staff, state-of-the-art sports training equipment, fun and challenging group classes for all fitness levels, and amazing service, Pink Iron will make any woman feel like they are on the Hollywood A-List. This boutique gym also offers hassle free month-to-month memberships and no initiation fees! The creation of fitness competitor and celebrity trainer Holly Holton, Pink Iron offers the women of Los Angeles a new alternative to the "nightclub scene" atmosphere of a coed gym. The glamorous Hollywood decor will make you feel pretty in Pink, but don't be fooled, you will feel tough as Iron when leaving from a workout in this gym. From starlets to soccer moms, Pink Iron is responsible for some of the hottest bodies in Hollywood! You can be next! At Pink Iron, our mission is to positively impact, inspire, and improve women's lives through fitness. We have come together to create a community, a family, where each client feels comfortable and supported. We are a women's gym but you won't find our members lifting 3pound baby weights; you will walk in on any given day to find real women working hard and together to push each other to be their best. We use barbells, kettlebells, rowers, and jump ropes as some of our tools of choice. Our programs are designed specifically for women with our member's goals in mind. Expansion Plans - We are expanding and franchising into the greater Los Angeles area and throughout the western United States. We are open to hearing about all potential franchisees wherever they are located!

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

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#351 in Franchise 500 for 2020.