![]() ![]() He noted that the average number of members per gym in Singapore is "between 800 and 1,200". While this number may seem mind-boggling, Thomas explained how the gym can recoup back the amount in a relatively short space of time.Īs prices vary from location to location, he used $100 a month as the average cost of an Anytime Fitness monthly membership. It's all about the attractive returns, he Fitness as his case study, Thomas started by providing a breakdown of the initial investment required.Īccording to Thomas, Anytime Fitness Singapore has an initial franchise fee of $90,000.įor reference sake, Anytime Fitness' franchise fees in the US include a one-time $42,500 (S$55,700) payment and an ongoing $699 monthly payment.ĪsiaOne reached out to Anytime Fitness Singapore, but they declined to comment on the given figures provided in the article.Īdd in other costs such as construction, equipment deposit and real estate costs, the total amount came up to a whopping $410,000. ![]() On Wednesday (Jan 25), he shared a 108-second long clip on his TikTok account Steadycompound about why 24/7 gyms have been "spawning everywhere". It might sound a little too good to be true, but Thomas went on to back his claims with numbers. The Singaporean went as far as saying that gym franchise owners could potentially break even in six and a half months due to a monthly profit of over $62,000. If you've ever had ideas of starting a business, becoming a gym franchise owner could be something that'll work out.īad pun aside, there might be some truth to the statement - according to Thomas Chua, founder of stock research service Steady Compounding, at least. ![]()
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