Top 5 Gym Franchise in India: Fees & Profit [Feb’24]

With the increase in the trend of social media, the need for a fitter and better body to showcase is on the rise!

A fitter body not only enhances your health but also provides a boost in your self-esteem and confidence. Hitting the gym, and attaining your dream physique is no doubt the best way to increase the love you feel for yourself. 

In the year 2021, Indian gyms, and health & fitness clubs recorded a total revenue of USD 0.6 Bn, which represented a CAGR (Compound Annual Growth Rate) of 9.6% between 2016 and 2021.

Trust the above mentioned stats, and invest in the growing market of gyms and health & fitness clubs. For your ease and welfare, we’ve picked out some of the most successful gym businesses in India, let’s take a look at them in brief!

 

List of Top Gym Franchises in India

 

Listed below (not by order) are some of the successful gym franchise opportunities in India that we’ve handpicked for you- 

 

 

Gold’s Gym Franchise

 

Gold’s Gym has been revitalizing the fitness industry since its commencement in 1965 by Joe Gold in Venice, California. 

Gold’s Gym is the largest co-ed gym chain globally with 720+ clubs in 28 countries across 6 continents. Gold’s Gym commenced operations in India in the year 2002 in Mumbai and now has spread its presence in more than 95 cities and 25 states. Gold’s Gym is home to more than 3 Million members globally and acquires more than 150 active Gold Gym clubs in India with a few more under the wrap. 

Gold’s Gym offers 3 types of gym outlets, which are as followed-

 

  • Regular Gym- An investment worth INR 2.5- 4 Cr is required with a space requirement of 5000- 7000 sq. ft. Includes lockers, steam bath, yoga, group exercise, cardio, strength, spinning studio, free weight area etc.


  • Express Gym- An investment worth INR 1.5- 2 Cr is required. Includes Stream areas, lockers, strength, cardio, free weights etc.


  • Activ Gym- An investment worth INR 1 Cr is required, Includes strength, free weight, lockers, cardio, steam area etc.

 

NOTE: The above mentioned data is variable and estimated. We strictly advise you to contact franchise specialists before investing or taking a professional or financial step.

 

 

Anytime Fitness Franchise

Anytime Fitness was established in 2002 by Runyon, Mortensen, and Klinger and the first Anytime Fitness franchise was owned by Keller, a former employee of Southview Athletic Club. Anytime Fitness is globally present with over 5,500 clubs in all the 7 continents, making it the first gym franchise to be present in all the continents. Anytime Fitness commenced operation in India in late 2012. Anytime Fitness acquires more than 120 clubs and 60% of franchisees owning more than one club in India. Anytime Fitness claims to have figured out how to be the best gym franchise in India. Anytime Fitness is home to more than 1,00,000 members. 

Anytime Fitness requires an investment worth INR 2- 3 Cr with an area requirement of 3500- 5000 sq. ft. 

Anytime Fitness franchises have an estimated profit probability of 30- 40% with an average ROI of 3 years. Anytime Fitness records an involvement of 60%+ multi- club owners.  

Anytime Fitness is known for their availability of 24 hrs in all 7 days of a week and  all 365 days of a year.

NOTE: The above mentioned data is variable and estimated. We strictly advise you to contact franchise specialists before investing or taking a professional or financial step.

 

 

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Cult Fit Franchise

CureFit was founded in 2016 by Ankit Nagori and Mukesh Bansal which was later rebranded as Cult Fit. Cult Fit promises to deliver fitness in an easy and enjoyable way. Cult Fit also offers group workouts with the involvement of best in class trainers ranging from boxing to yoga. Cult Fit offers a world- class experience for its members by utilizing the best of technology which enables the members to follow workout classes and book classes online with the ease of clicking just a button from the Cult Fit website or app.

Cult Fit claims to be the largest fitness chain in India with the presence of more than 230 centers and with the involvement of more than 1 lakh active members. The investment required to own a Cult Fit franchise is worth INR 1- 1.2 Cr with an ROI of 30- 40% and 24 to 36 months to break even. 

Cult Fit has recently also come up with a collaboration with famous bollywood actor and the founder of HRX, Hrithik Roshan with “HRX Gyms” which is meant to be another step towards their mission of empowering Indians to lead a fitter life.

NOTE: The above mentioned data is variable and estimated. We strictly advise you to contact franchise specialists before investing or taking a professional or financial step.

 

 

F1  Fitness Franchise 

F1 Fitness commenced operation on 10th January in 2020. F1 Fitness is one of the largest and most luxurious gyms in Delhi NCR with the presence of 3 branches and plans to establish more. F1 Fitness takes it upon themselves to  make sure your F1 Fitness Franchise is a success and also aids management and location selection with the presence of aggressive and transparent franchise models. 

F1 Fitness carries the best of trainers and elite members with years of experience. The F1 Franchise is famous for their F1 car racing themed clubs and already has an edge over their competition with the presence of remarkable profit margins. F1 Fitness aims to add more than 100 clubs across 75 cities in India across almost all states, non- metro cities as well as metro cities by 2030.

An F1 Fitness franchise requires an investment worth INR 1- 2 Cr with a space requirement of 4000- 6000 sq. ft. The franchise fee is set at an estimate of INR 5,00,000 and the royalty fee at 8%. The ROI is set at an estimate of 40% with the payback period set at 2- 3 years. F1 Fitness franchises offer a renewable franchise term for 9 years.

 

NOTE: The above mentioned data is variable and estimated. We strictly advise you to contact franchise specialists before investing or taking a professional or financial step.

 

 

Chisel Fitness

Chisel Fitness was established in 2015 by Satya Sinha. Chisel Fitness is backed by famous cricketer Virat Kohli with a whopping investment on INR 90 Cr. The Bengaluru-based Chisel Fitness is all set to introduce technology- enabled workout routines with the help of young information technology workers. They aim towards introducing ‘gamifies’ workout routines. Besides this giant leap in the fitness industry, Chisel Fitness still believes in the involvement of traditional fitness measures which are purely physical, which are provided by extremely qualified trainers. Chisel Fitness believes fitness should be a combination of an environment where you gain motivation to work out and technology. Chisel is looking at hybrid fitness models alongside signing franchise partners to expand their operations. They’re looking to expand in metros along with tier- 2 towns including Guwahatii and Indore. 

Chisel is currently operating in 11 cities with the presence of over 15 gyms and more than 1,00,000 members. Chisel offers a renewable franchisee agreement for 5 years. 

Chisel Fitness offers 4 different levels of outlets, varying in sizes and luxuries, which are as followed-

 

  • Express Gyms- An area of 2000- 3500 sq. ft. is required. It includes group workouts, freestyle training, crossfit and a basic gym.
  • Studio Gym- An area of 3000-4000 sq. ft. is required with an investment ranging between INR 1.4 to 1.5 Cr. The brand fee stands at an estimate of INR 5 L with requirement of at least 5 staff members. The expected monthly sales stands at an estimated sum of INR 10 L with an ROI of 66%. The royalty fee is at 10%. It includes all the facilities offered by an express gym type with the addition of wet area, steam and lockers.
  • Luxury Gym- An area of 5000- 6000 sq. ft. is required. It includes all the facilities of a studio gym type with the addition of spinning, a health cafe and a pro shop in a studio format. 
  • Super Luxury Gym- An area of 7000 sq. ft. or above is required with an investment ranging between INR 2.8 to 3 Cr. The brand fee stands at an estimate of INR 5 L with requirement of at least 10 staff members. The expected monthly sales stands at an estimated sum of INR 20 L with an ROI of 66%. The royalty fee is at 10% It involves all the facilities of a luxury gym type with the addition of a smart pool and hydro fitness. 

 

NOTE: The above mentioned data is variable and estimated. We strictly advise you to contact franchise specialists before investing or taking a professional or financial step.

 

CONCLUSION

Gyms are a way to enhance a population’s health and fitness in a quick and more efficient manner. So, play a role in the betterment of your fellow citizens’ health and well-being, by investing in and establishing a gym franchise!

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