Perhaps you’ve had dreams of opening some kind of fitness franchise, giving people in your community an opportunity to improve their health and wellbeing. While this may be your passion project, you still have to pay the bills, so having an understanding of your potential earnings is important.
Factors Affecting Your Take-Home Pay
You can look at the average gym owner salary and get a ballpark idea. According to Glassdoor, the estimated total pay for a gym owner is $83,305, annually in the U.S.
However, determining a salary as a gym franchise owner is dependent on many different factors. For example, you’ll want to consider the type of gym you run, the location, size, hours of operation, and facility offerings. These are details that can affect your gross revenue, inevitably affecting your salary.
A small gym offering basic equipment might not command as high a membership fee as a larger establishment providing group classes, a pool, a spa, or advanced equipment. Your operational costs, which include rent, utilities, staff salaries, and maintenance, will directly impact your profits. Included in those expenses should be franchises fees and royalties since that will trim gross earnings from your take-home pay.
As you shop around for franchise opportunities in the gym franchise industry, there are a few concepts to take a closer look at. Whatever your new venture holds, its best to find a franchise that aligns with your personal, professional, and financial goals, especially when it directly impacts your gym franchise owner salary.
Profitable Gym Types
If you want to cash in on some of the most profitable types of fitness franchises that may yield substantial profits, there are a few popular models to consider.
Boutique fitness studios have recently gained significant traction. These are specialty gyms focusing on distinct workout types, such as spinning, yoga, Pilates, or HIIT (High-Intensity Interval Training). They are seeing higher demand and greater earnings because they appeal to a niche market that’s willing to pay a premium for specialized training. In addition, they emphasize community, exclusivity, and overall experience, making members more likely to remain loyal and even become ambassadors for the brand. Because they require less space, it reduces your overhead costs—providing greater potential revenue.
Another emerging trend in the fitness world is the concept of 24/7 gyms. These gyms offer around-the-clock access to their members, providing flexibility, especially to those who work unconventional hours. Many of these are big box gyms that have a large inventory of equipment. Keep in mind that operating a 24/7 gym does dictate higher overhead expenses because keeping the lights on constantly and ensuring staff availability can be costly and requires a larger number of memberships to maintain revenue.
The third option that has potential to generate a solid gym franchise owner salary, is in the field of youth sports. Businesswire reports that youth sports is a $19.2 billion industry here in the U.S. with continuous growth expected. The burgeoning expansion is undoubtedly the result of more children participating in sports activities. The CDC reports that more than 54% of children aged 6–17 years participated in sports during the past 12 months, which means it’s a hot industry with significant earnings potential.
Consider Skyhawks Sports Academy
Skyhawks is a leading domestic youth sports franchise, helping kids enjoy sports for more than 40 years with over 500 program locations, welcoming more than two million children. As a franchise owner, you can offer up to 11 different sports across a variety of programs for kids ages 4 to 12-years old, including traditional summer camps, leagues, after-school programs, STEM Sports®, clinics, and classes, providing a variety of revenue streams throughout the whole year. You can also add our SuperTots Sports Academy, which provides classes and enrichment programs for kids 18-months to 5-years old.
As a franchisor, we can’t make any earnings claims regarding your profit or salary potential as a Skyhawks franchisee. However, we can tell you our financial representation figures from Item 19 in our Franchise Disclosure Document (FDD). In 2022, our average gross revenue across our system of open franchises was $307,214. Thanks to low overhead, the ability to work from home, flexible scheduling, and a reasonable initial franchise fee ranging from $15,000 to $42,500, you have the ability to capitalize on your investment. If this sounds like the opportunity you’ve been waiting for, request franchise information, and we’ll be in touch soon.
