• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Menu
  • Home
  • About
    • About Franchise Chatter
    • Contact
    • Privacy Policy
    • Terms of Service
    • Affiliate Disclosures
  • Subscribers Hub
    • Login
    • New to Franchise Chatter? Start Here
    • America’s Most Lucrative Franchises
    • Franchises Ranked by Average Revenues
    • Franchises Ranked by Average Profits
    • Franchise Winners, Survivors and Losers Last Year
    • FDD Talk
    • Search by Name
  • Top Franchises
  • Franchise Earnings
  • Costs
  • Fees
  • Quiz
  • Search

FDD Talk 2017: What You Need to Know About the Workout Anytime Franchise Opportunity (Financial Performance Analysis, Costs and Fees)

Last updated on November 13, 2017 by Franchise Chatter Leave a Comment
in FDD Talk: Fitness Franchises, Fitness Franchises, Franchise Earnings



Learn Which Franchises Can Make You Rich

In this FDD Talk 2017 post, you’ll learn the following:

  • Section I – Background information on the Workout Anytime franchise opportunity, including relevant news updates
  • Section II – Estimated initial investment for a Workout Anytime franchise, based on Item 7 of the company’s 2017 FDD
  • Section III – Initial franchise fee, royalty fee, marketing fee, and other fees for a Workout Anytime franchise, based on Items 5 and 6 of the company’s 2017 FDD
  • Section IV – Presentation and analysis of Workout Anytime’s financial performance representations, based on Item 19 of the company’s 2017 FDD, including information on the:
  • 2016 average, high, and low gross revenue for the 86 franchised Workout Anytime clubs that were in operation for the entire 12-month period ending on December 31, 2016
  • 2016 actual gross revenue, cost of goods sold, rent, labor, advertising, insurance, personal training expense, utilities, supplies, other expenses, and net profit for the 3 affiliate-owned Workout Anytime clubs that were in operation for the entire 12-month period ending on December 31, 2016

Section I – Background Information

12 Things You Need to Know About the Workout Anytime Franchise

On Pace Toward Reaching 2017 Goal

1.  At the end of the summer, Workout Anytime announced that it was on track to meet its 2017 goal of signing 50 new deals and opening 50 new locations by the end of the year. The brand closed the first half of 2017 with 30 percent more clubs in operation than the same period in 2016. During the first two quarters of the year, Workout Anytime sold 25 franchises, also outpacing its performance in the first half of 2016.

America's Most Lucrative Franchises of the Year

2.  According to Randy Trotter, Workout Anytime’s Senior Vice President of Development, the company is on its way to reaching the 200-unit milestone. Workout Anytime said that its recent growth has been “powered by its passionate system of franchisees who are looking to introduce the high quality, low cost concept to their local communities.”

3.  Mark de Gorter, COO of Workout Anytime, said that the company has been growing at over 30 percent annually for the past three years and that the brand is “confident that [it will] exceed [its] development goals in 2017,” allowing the company to “experience another record breaking year.”

Plans to Expand Into Orlando, Florida Area

4.  In early February, Workout Anytime revealed plans to open several locations in the Greater Orlando area and said that it was seeking local contractors to build out existing spaces that have roughly 6,000 square feet in strip centers. Senior Vice President of Development Randy Trotter said that the brand will open four locations in the area by the end of 2017, but would double that number next year. He also said that the Orlando market could hold about 25 locations total.

5.  Trotter added that the company felt Orlando was “underserved in the price range for a 24-hour gym concept.” Workout Anytime is looking to add stores in the following Orlando areas: Lake Mary, Winter Haven, Windermere, Heathrow, Altamonte Springs, Winter Park, Disney area, and Downtown Orlando.


🎯Find Good Franchises That Are Still AVAILABLE in Your Target Area (Free Tool)



🚀How to Find, Vet & FUND a Good Franchise. Watch Our Webinar Live or the Recording Later (Register Now – It's Free)



💰How Much Franchise Can You AFFORD? Use Our Free Financial Calculator


Targeting Kentucky for Future Expansion

6.  As Workout Anytime continues to grow, the brand plans to expand into new and existing markets including Kentucky. In early September, Workout Anytime said that Kentucky was a “priority market for development.” Greg Parker, area developer for  Workout Anytime, said that the brand “offers a great opportunity for people looking to pursue their passion of local business ownership at a low front-end investment in a field that naturally helps people live healthier lives.”

7.  To highlight why Kentucky is a key area for the brand’s continued development, Workout Anytime used Kentucky area franchisees Caroline Hendy and Doug Ladd as an example of success. Their new location in Corbin, Kentucky, which opened in July, set a record for new membership signups in the first day of business with 276 signups.

8.  Workout Anytime already has more than a dozen locations in Kentucky, but is looking for new franchisees to grow the brand across Western Kentucky specifically.

Company History

Franchises Ranked by Average Profits

9.  Workout Anytime was founded in 1999 by Steven Strickland and John Quattrocchi in Atlanta, Georgia. Both Strickland and Quattrocchi started their careers in the fitness industry in the 1970s. They both wanted Workout Anytime to be a “low overhead, low headache health club” with a “keep it simple” philosophy.

10.  After opening the first location, Quattrocchi and Strickland spent the next five years developing the franchise model and began franchising in 2004 through Workout Anytime Franchising Systems, LLC. Today, Strickland still serves as the company’s Chief Executive Officer while Quattrocchi serves as Workout Anytime’s President.

11.  Since the company started franchising, growth has been moderate, but has picked up in recent years. There are currently over 130 Workout Anytime locations around the U.S.

Entrepreneur’s Franchise 500

12.  Since it started franchising in 2005, Workout Anytime has appeared only once on Entrepreneur’s annual Franchise 500 list. The company debuted on the 2017 list at No. 294.

Section II – Estimated Costs

  • Please click here for detailed estimates of Workout Anytime franchise costs, based on Item 7 of the company’s 2017 FDD.

Section III – Initial Franchise Fee, Royalty Fee, Marketing Fee, and Other Fees

  • Please click here for detailed information on Workout Anytime’s initial franchise fee, royalty fee, marketing fee, and other fees, based on Items 5 and 6 of the company’s 2017 FDD.

Section IV – Financial Performance Representations (Item 19, 2017 FDD) and Analysis

Part 1 – Total Gross Revenue of Workout Anytime Franchised Units

  • As of December 31, 2016, there were 115 Workout Anytime franchised units in operation. Of those 115 units, a total of 86 were in operation for the entire 12-month period ending on December 31, 2016.
  • The following is a historical financial performance representation of the gross revenues derived by those Clubs.

Total Gross Revenue



To Access the Rest of This Article and Other Premium, Income-Enhancing Content, Subscribe Now or Log In.

Gain the Insider Information (and Actual Earnings Data) You Need to Make a Safe and Smart Franchise Investment. Click Here to Learn More.



Gain the Insider Information (and Actual Earnings Data) You Need to Make a Safe and Smart Franchise Investment - See more at: https://www.franchisechatter.com/register/#sthash.le7wKJKM.dpuf

🎯Find Good Franchises That Are Still AVAILABLE in Your Target Area (Free Tool)



🚀How to Find, Vet & FUND a Good Franchise. Watch Our Webinar Live or the Recording Later (Register Now – It's Free)



💰How Much Franchise Can You AFFORD? Use Our Free Financial Calculator



Franchises Ranked by Average Revenues and Profits



Franchise Winners and Losers Last Year

Tagged as: Workout Anytime

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous post: 35 Substantial Fees Every Marco's Pizza Franchisee Needs to Know About

Next post: FDD Talk 2017: What You Need to Know About the Marco's Pizza Franchise Opportunity (Financial Performance Analysis, Costs and Fees)

Primary Sidebar

🚀How to Find, Vet and FUND a Good Franchise (Webinar)

✅ Is Franchising a Path for You? – Apr. 7 (Fri.), 11 a.m. EST

✅ Popular Trends in Franchising – Apr. 11 (Tues.), 4 p.m. EST

✅ Register Now to Get Free Access to Recordings of Both Webinars

Register Now

🤔Buying a Franchise on Your Own Can Be Overwhelming

✅ Get the guidance and support you need every step of the way (including funding 💵) from an experienced franchise broker at no cost to you.

✅ Fill out this form and a specialist from the Franchise Brokers Association will reach out to you.

⭐️Franchise Chatter is reader-supported. We may receive a commission for leads generated from our site.

As seen in:  New York Times, Bloomberg Businessweek, and CNBC

Login

Remember Me
Register | Lost your Password?
Reminder: Your username and password are case-sensitive.

Need help? Email franchisechatterblog@gmail.com

👍”Your website and you have been instrumental in finding this franchise opportunity and I am overwhelmingly grateful.” (David F., subscriber)

🏆 Best Franchises by Industry

Best Franchises by Industry (All Lists)

Best Gym and Fitness Franchises

Best Pizza Franchises

Best Sandwich Franchises

Best Childcare Franchises

Best Ice Cream Franchises

Best Coffee Franchises

Best Hamburger Franchises

Best Salon and Beauty Franchises

Best Chicken Franchises

Best Smoothie and Juice Franchises

Best Maid Service Franchises

Best Mexican Restaurant Franchises

Best Massage Service Franchises

Best Tutoring Franchises

Best Auto Repair Franchises

Best Auto Oil Change Franchises

Best Asian Restaurant Franchises

Best Pet Franchises

Best Commercial Cleaning Franchises

Best Sports Bar Franchises

Best Baked Goods Franchises

Best Moving/Junk Removal Franchises

Best Mailbox Franchises

Best Apparel Retail Franchises

Best Senior Care Franchises

Best Restoration Franchises

Best Tech Franchises

Best Travel Agency Franchises

Best Trampoline Park Franchises

Best Tools Distribution Franchises

Best Property Management Franchises

Best Real Estate Franchises

Best Automotive Wheels and Tires Franchises

Best Weight Loss Franchises

Best Flooring Franchises

Best Eye Care Franchises

Best Physical Therapy Franchises

Best CBD Franchises

Best Tea Franchises

Best Ghost Kitchen Franchises

Best Acai Bowl Franchises

Best Poké Bowl Franchises

Best Donut Franchises

Best Kitchen and Bath Remodeling Franchises

Best Window Coverings Franchises

Best Plumbing Franchises

Best Home Inspection Franchises

Best Garage Franchises

Best Barbershop Franchises

Best Laundromat Franchises

Best Storage Unit Franchises

Best Car Wash Service Franchises

🚀 Daily FDD Talk Posts

Best Choice Roofing Franchise

LIME Painting Franchise

milliCare Franchise

One Hour Heating & Air Conditioning Franchise

PatchMaster Franchise

Spray Foam Genie Franchise

Bumble Bee Blinds Franchise

Mr. Sandless Franchise

EverLine Coatings Franchise

Blue Kangaroo Packoutz Franchise

Tommy’s Express Car Wash Franchise

Footprints Floors Franchise

Wendy’s Franchise

Clean Juice Franchise

Nurse Next Door Franchise

Made in the Shade Blinds & More Franchise

Five Star Bath Solutions Franchise

Beef ‘O’ Brady’s Franchise

Costa Vida Fresh Mexican Grill Franchise

Uptown Cheapskate Franchise

Pancheros Mexican Grill Franchise

Squeeze Franchise

Mosquito Squad Franchise

The Exercise Coach Franchise

ProLift Garage Doors Franchise

Heroes Lawn Care Franchise

Burn Boot Camp Franchise

Wing Zone Franchise

DreamMaker Bath & Kitchen Franchise

The Camp Transformation Center Franchise

Brightway Insurance Franchise

Owl Be There Franchise

The Dog Wizard Franchise

Scenthound Franchise

Bin There Dump That Franchise

Gotcha Covered Franchise

Phenix Salon Suites Franchise

AKT Franchise

Kitchen Solvers Franchise

FASTSIGNS Franchise

Zoom Drain Franchise

Pool Scouts Franchise

Ace Hardware Franchise

Signarama Franchise

Jovie Franchise

i9 Sports Franchise

UFC Gym Franchise

Sola Salons Franchise

N-Hance Wood Refinishing Franchise

Cost Cutters Franchise

Ziggi’s Coffee Franchise

Franchise Chatter © 2023