The Numbers
BOUTIQUE GROUP FITNESS IS A $30B + INDUSTRY AND GROWING YEAR-OVER-YEAR
Franchise Costs, Fees, & Facts (ESTIMATES)
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
$293,425
LOW ESTIMATE
$573,425
HIGH ESTIMATE
$418,750
AVERAGE
LOW ESTIMATE
$293,425
HIGH ESTIMATE
$573,425
AVERAGE
$418,750
REVENUE STREAMS
REDEMPTION’s primary revenue stream comes from recurring monthly memberships. We offer multiple plans based on visit frequency and the client’s schedule. Additionally, we offer annual paid in full options along with more flexible punch-card options. Aside from memberships, REDEMPTION offers other ancillary revenue streams including personal training, towel service, custom branded retail apparel, corporate/special private events, rental fees, and more.
Franchise Costs, Fees, & Facts
Minimum Cash Required
$150,000
Total Investment
$269,350 – $573,425
Net Worth Required
$600,000
Franchise Fee
$45,000
Royalty Fee
7%
START-UP COSTS
LOW ESTIMATE
HIGH ESTIMATE
AVERAGE
Franchise Fee
$45,000
$45,000
$45,000
Training
$10,000
$10,000
$10,000
Pre-Opening Travel Expense
–
$2,500
$2,500
DESIGN FEES
LOW ESTIMATE
HIGH ESTIMATE
AVERAGE
Architectural
$8,000
$14,000
$10,000
Mechanical, Electrical, Plumbing (MEP) Design
$4,150
$10,000
$7,000
REAL ESTATE & CONSTRUCTION
LOW ESTIMATE
HIGH ESTIMATE
AVERAGE
Construction Management
$0
$15,000
$15,000
Permitting
$2,200
$5,000
$3,500
Leasehold Improvements & Construction Costs
$125,000
$338,425
$225,000
Furniture, Fixtures, and Audio Equipment
$40,000
$60,000
$50,000
Signage & Graphics
$5,000
$10,000
$7,000
OPERATIONS
LOW ESTIMATE
HIGH ESTIMATE
AVERAGE
Computer, Software, & Point of Sales Systems
$5,000
$11,500
$7,500
Fitness Equipment – Lease for Initial 3 Months
$6,000
$12,000
$9,000
Business Licenses & Insurance
$500
$1,000
$750
Retail Inventory
$3,500
$9,000
$5,000
Rent & Utility Deposits
$0
$5,000
$2,500
OTHER
LOW ESTIMATE
HIGH ESTIMATE
AVERAGE
Grand Opening Marketing Budget
$15,000
$25,000
$20,000