Workout Anytime 24/7 vs Spenga Franchise Comparison

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

Start-Up Costs and Fees

 
Workout Anytime 24/7 Franchise
Spenga Franchise
Investment $562,850 - $1,008,550$304,082 - $705,027
Franchise Fee $35,000$49,500
Royalty Fee 4%+-
Advertising Fee 1%-
Year Founded 19992015
Year Franchised 20052015
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Workout Anytime 24/7 Franchise
Spenga Franchise
Experience --

Financing Options

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

Training & Support

 
Workout Anytime 24/7 Franchise
Spenga Franchise
Training 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 --

Expansion Plans

 
Workout Anytime 24/7 Franchise
Spenga Franchise
US Expansion YesYes
Canada Expansion --
International Expansion Yes-

Company Overviews

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.



About Spenga

"Spenga

Spenga's goal is to open 135 franchise locations across the U.S. in three years. The company already has contracted with franchisees for 45 in the U.S., including five locations to open in north Denver and the Boulder area. More than 54 million Americans are working out at boutique fitness studios, which makes it the fastest growing sector of the fitness industry, Many of these active individuals are getting multiple memberships at multiple facilities to get a well-rounded workout. Our goal is to give members their fittest selves without having to go to three different locations.
Spenga offers a 60-minute fitness session that combines spinning, high intensity interval strength training and yoga.

#253 in Franchise 500 for 2021.   Not in Franchise 500 for 2020.