Do you want to own a 9Round franchise but are concerned about the costs? We’ve done the research and gathered all of the information you’ll need to make an informed decision. We will cover everything you need to know about the cost of owning a 9Round franchise in this article.
What is 9Round Fitness?
Before delving into the cost of owning a 9Round franchise, it’s critical to understand the company’s mission. 9Round Fitness is a specialised gym that provides a fitness programme based on kickboxing. Each workout lasts only 30 minutes, and there are no class times, so you can come whenever it is convenient for you. 9Round offers personalised guidance and motivation from energetic trainers in addition to a great workout.
How Much Does a 9Round Franchise Cost?
Let’s get down to business and talk about how much it costs to own a 9Round franchise. The total average owner investment, according to our research, ranges from $113,300 to $266,400 . This includes the initial franchise fee of $39,900 as well as other costs such as equipment, rent, and local marketing fund.
To own a 9Round franchise, you must have at least $50,000 in liquid capital and a net worth of at least $200,000 . There is also a $30,000 cash requirement, and franchisees are expected to invest between $113,300 and $266,400 .
The estimated cost of opening a 9Round franchise is between $106,175 and $150,275 . This includes the $30,000 initial franchise fee, which grants you the right to operate a business under the 9Round brand. There is also a $600 monthly royalty management fee, and a 2% advertising fee.
We gathered data from various sources to determine the total investment required to open a 9Round Fitness franchise [1, 2, 3, 4]. We will divide the investment costs into several categories and provide an overview of each one.
Fee for the First Franchise
The initial franchise fee is the fee paid by the franchisee in exchange for the right to use the 9Round Fitness name and operate under their established brand. A 9Round Fitness’ franchise agreement costs $39,900 in an administrative fee at the beginning .
Total Investment Potential
The total cost of opening a 9Round Fitness franchise ranges from $113,300 to $266,400. The initial franchise fee, build-out costs, and initial technology fee, national marketing fee and expenses are all included in the investment cost.
Why Own a 9Round Franchise?
Despite the high initial investment, owning a 9Round franchise can be a wise investment for the right person. The company is rapidly still expanding rapidly, with over 700 locations worldwide . Furthermore, the gym’s unique workout programme and personalised guidance from trainers set it apart from other gyms.
The low overhead and maintenance costs are another advantage of owning a 9Round franchise. Because the gym’s convenient circuit model only requires 1,500 to 1,800 square feet, finding affordable real estate options is simple. .
9Round Franchise Revenue
As with any business, revenue is critical to the success of a 9Round franchise. The good news is that 9Round franchisees can earn money in a variety of ways. Membership fees are the primary source of revenue for a 9Round franchise. Because of 9Round’s unique circuit training model, a high volume of members can use the facility throughout the day, increasing the possibility of consistent and stable cash flow.
Offering personal training sessions for a fee is another way to generate revenue. Members who want more personalised attention can pay for individualised workouts with a 9Round trainer, which can be a profitable revenue stream.
9Round franchises can sell merchandise and supplements in addition to membership fees and personal training sessions serving clients, providing additional revenue streams. A 9Round franchise can also generate revenue from corporate and programs for clients who are interested in providing fitness solutions for their employees with the right marketing and sales strategy.
Finally, to generate revenue, franchisors may offer additional services such as nutrition coaching, body composition analysis, and other value-added services. It’s important to note that not all franchisors provide these services, so prospective franchisees should carefully consider their options before deciding.
Overall, 9Round franchises provide several revenue streams, and with the right strategy, it is possible to build a successful and profitable business.
Pros and Cons of Owning a 9Round Franchise
For anyone interested in the fitness industry, owning a 9Round Franchise can be an exciting opportunity. However, as with any business venture, there are advantages and disadvantages to consider before making a final decision.
9Round has a proven business model that has proven to be successful in many locations. This can provide franchisees with reassurance that they are investing in a tried and tested system.
Low Overhead: One of the most significant benefits of owning a 9Round Franchise is the low overhead. The circuit model requires only 1,500-1,800 square feet, resulting in lower rent costs when compared to traditional gym setups. Furthermore, because each workout is led by a trainer, there is no need for expensive equipment or additional staff.
9Round workouts are known for their personalised guidance ongoing training and motivation from energetic trainers. This can be a significant selling point for clients seeking a more personalised fitness experience.
Schedule Flexibility: Because 9Round workouts are on your schedule, there is no need to sign up for classes. This can be very appealing to clients who have hectic schedules and require a workout that fits into their daily routine.
Initial Investment: The initial investment for a 9Round Franchise can range between $113,300 and $266,400 . This can be a significant barrier for those just getting started in the industry.
Royalty Fees: In addition to the initial investment, franchisees must pay 9Round royalty fees on a regular basis. These fees can quickly add up and eat into franchise owners’ profits.
Limited Equipment: While the circuit model has advantages, it also means that clients have limited access to equipment and training techniques. This can be a disadvantage for those looking for a broader range of equipment for their workouts.
Marketing Expenses: While 9Round provides some marketing assistance, franchisees are still responsible for their local advertising spend and own marketing expenses. This can be a significant cost, particularly in the early stages of a business.
Overall, for those who are passionate about the specialized fitness center industry, owning a 9Round Franchise can be a rewarding experience. However, before making a final decision, it is critical to carefully weigh the pros and cons.
Closing Thoughts on 9round Franchise Cost
Finally, owning a 9Round franchise can be a profitable opportunity for fitness enthusiasts who are also business-minded. With a relatively low entry cost and ongoing support from the franchisor, it’s a viable option for those interested in the fitness industry.
However, there are risks and challenges involved, as with any business venture, and potential franchisees should do their due diligence and carefully consider all aspects lodging costs of owning a 9Round franchise before making a decision. With that said, a 9Round franchise can be a fulfilling and rewarding venture for those who are passionate about fitness and have an entrepreneurial spirit.
Frequently Asked Questions
Can I own a 9Round franchise despite having no fitness experience?
You certainly can! 9Round provides training to all new franchisees, so no prior fitness experience is required.
Do I have to be at the gym all the time?
No, you are not required to be present at the gym at all times. However, it is critical to be involved in your own boss and company’s day-to-day operations.