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General

Industry

Fitness

Category

Fitness Center

SBA Identifier

S2189

Year of Founding

2016

Fees

Marketing Fee

1%

Royalty Fee

6%

Franchise Fee

$39,999-$39,999

Investment Range

$280K-$575K

Location units

Total U.S. Locations

12

U.S. Franchised Units

9

U.S. Corporate Units

3

Headquarters (City)

Manhattan

Other

Item 19 - Franchise Financials

Yes

Financing Availability

yes

Started Offering Franchises

2016

Issuance of FDD Data

03/25/2021

What to know about Fitness Premier franchise?

As a FP Franchising, LLC ("FP Franchising") franchisee, you will own and operate a business that provides fitness services and systems through affordable membership programs under the tradename "Fitness Premier" in either a FP Club Model or a Fit Wave Model. Your primary responsibility as a franchisee in either model will be tomanage the day-to-day operations and offer quality service programs.

Fitness Premier is based in Manhattan, IL. Scroll down to learn more!

How much does a Fitness Premier franchise cost?

Are you wondering how much is a Fitness Premier franchise? Before starting a Fitness Premier franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Fitness Premier franchise is $279,849 and can go all the way up to $575,499. Keep in mind, you should also allocate additional funds to live off of while the Fitness Premier business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Fitness Premier franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Fitness Premier business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Fitness Premier franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Industry Report Request

Download our guide to compare Fitness Premier. Hotels to the Fitness Center, Outdoor Fitness industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2018 4 3 0 7
2019 7 3 0 8
2020 8 1 0 9

Additional Details

How much does a Fitness Premier franchise owner make?

Fitness Premier franchise earnings and revenue can vary significantly from one franchisee to another.
The Fitness Premier franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Fitness Premier discloses financials at the unit level. In other words, they show how much Fitness Premier franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not.

At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the Fitness Premier franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like Fitness Premier. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those Fitness Premier owners were making.

Visit the Fitness Premier metrics tab to explore the financials for this business.

What is the Fitness Premier franchise fee?

Owning a Fitness Premier franchise requires 6% royalty fee and 1% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Fitness Premier Franchise Disclosure Document

Keep in mind, there is also an initial Fitness Premier franchise fee of $39,999 that is included in the initial investment amount of $279,849 to $575,499. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Fitness Premier franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Fitness Premier franchise fee of $39,999.

Visit the Fitness Premier metrics tab to explore the financials for this business, royalty and marketing fees compare to other Fitness franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Fitness Premier founded?

Fitness Premier started offering franchises in 2016. Fitness Premier was founded 6 years ago in 2016.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Fitness Premier locations are in the U.S.?

As of 2021, there were 9 locations across the U.S. There are also 3 corporate locations. Most Fitness franchises like Fitness Premier have more franchised locations than corporate locations.

How many Fitness Premier franchises opened over the past few years?

Over the prior 3 years we have data for, Fitness Premier has opened 7 outlets throughout the U.S. Visit the Fitness Premier metrics tab to explore how the openings compare to other Fitness franchises.

How many Fitness Premier franchises closed over the past few years?

Over the prior 3 years we have data for, Fitness Premier has closed 0 outlets throughout the U.S

Visit the Fitness Premier metrics tab to explore how the openings compare to other Fitness franchises.

Is Fitness Premier growing? Are they opening more locations than they are closing?

The net unit growth rate for Fitness Premier over the past 3 years is 125%. Over the last year we have data for, Fitness Premier had a net unit growth rate of 13%.

Without a comparison, this number doesn’t mean much. Compare how the Fitness Premier growth rate compares to 2,000+ other franchises and Industry franchises like Fitness Premier. More info in the Fitness Premier metrics tab.

Is Fitness Premier franchise eligible for an SBA Loan?

Fitness Premier is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Fitness Premier franchise was assigned the SBA Franchise ID of S2189 on 10/01/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Fitness Premier that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is Fitness Premier a franchise in the United States?

According to the SBA, Fitness Premier meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Fitness Premier provides you with an FDD if you are in discussion to buy a Fitness Premier.

What is the Fitness Premier Franchise for Sale Rate?

The Fitness Premier systemwide health and franchisee satisfaction can be measured by the Fitness Premierfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Fitness Premier franchise for sale rate over the past 3 years is 17%. Over the last year we have data for, Fitness Premier had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Fitness Premier franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Fitness Premier. More info in the Fitness Premier metrics tab.

What is the Fitness Premier Franchise Failure Rate?

Fitness Premier franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Fitness Premier failure rate over the past 3 years is 0%. Over the last year we have data for, Fitness Premier had a franchise failure rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Fitness Premier franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Fitness Premier. More info in the Fitness Premier metrics tab.

How can I find out more details on Fitness Premier franchise?

Visit the Fitness Premier metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Fitness Premier

$427,674

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Fitness Premier

6%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Fitness Premier

$39,999

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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Franchise Disclosure Document

Download Latest FDD (2021)

General

Industry

Fitness

Category

Fitness Center

SBA Identifier

S2189

Year of Founding

2016

Fees

Marketing Fee

1%

Royalty Fee

6%

Franchise Fee

$39,999-$39,999

Investment Range

$280K-$575K

Location units

Total U.S. Locations

12

U.S. Franchised Units

9

U.S. Corporate Units

3

Headquarters (City)

Manhattan

Other

Item 19 - Franchise Financials

Yes

Financing Availability

yes

Started Offering Franchises

2016

Issuance of FDD Data

03/25/2021

Detailed Franchise metrics for Fitness Premier

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Fitness Premier below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Fitness Premier

$39,999

Industry median

All franchises median

Unlock premium content

Franchise Disclosure Document

Download Latest FDD (2021)

Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Fitness Premier

0%

0%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Fitness Premier

25%

17%

Industry median

All franchises median

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Business details

Website

https://***********.com

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Business email

**********@******.com

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Mailing address

530 W. North Street Suite 105

State headquarters

Illinois

Key leadership

Fitness Premier

Phone

+1 (000) 0********00

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City

Manhattan

Zip code

60442
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