Signing out of account, Standby...
- 2022 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$607K - $2.1M
- Units as of 2020
107 94.5% over 3 years
Here’s what you need to know if you’re interested in opening a Blink Fitness franchise.
Blink Fitness is a health and fitness franchise focused on more than just how exercise makes you look. Instead, the founders at Blink Fitness wanted to help customers become motivated by how exercise makes them feel.
The company first opened its doors in 2011. In 2015, Blink Fitness started franchising the brand. Now, it has over 100 U.S. locations. Several of those locations are operated by franchisees. The company wants to continue to expand, reach more customers, and help them find joy in fitness.
Why You May Want To Start a Blink Fitness Franchise
As Blink Fitness expands the company, they are looking for franchisees passionate about health and fitness. Franchisees do not need to have previous experience in the industry, though everyone is welcome to apply for a Blink Fitness franchise.
Potential Blink Fitness franchisees generally need to be good team leaders, have excellent customer service skills, and exhibit good time management skills. Franchisees will need to interact with team members and customers, so being personable and professional is necessary.
What Might Make a Blink Fitness Franchise a Good Choice?
Blink Fitness wants to help everyone feel welcome by offering a gym that focuses on how exercise makes you feel rather than simply how you look. Blink Fitness also provides bodyweight circuit training, kettlebells, medicine balls, foam rollers, resistance bands, and more.
Blink Fitness knows that customers are not always able to get to the gym. As such, customers have access to more than 500 classes, workouts, tips, recipes, and more through the Blink Fitness app. Customers at Blink Fitness can also access Facebook Live workouts and virtual personal training with certified trainers.
To be part of the Blink Fitness team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
Blink Fitness has partnered with third-party financial lenders that may help cover the costs of the franchise fee, startup, equipment, inventory, accounts receivable, and payroll if you meet the qualifications.
How To Open a Blink Fitness Franchise
Before signing any agreements with Blink Fitness, franchisees need to do their own research. This research should probably include possible locations, information about target customers, potential employees to hire, competition in the area, and more.
Franchisees should also write down questions they may have about the company. When potential franchisees meet with current franchisees and the Blink Fitness management team, these questions are good to have.
If awarded a franchise, franchisees receive a great deal of support from the Blink Fitness brand throughout the franchising process. In addition to pre-opening training, franchisees receive support through brand awareness, marketing, research, and construction. Blink Fitness franchisees may also receive hands-on training and continued support after their franchise location has opened.
About Blink Fitness
- Franchising Since
- 2015 (7 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees in the following US states:
This company is seeking new franchisees in the following international regions:
- # of Units
- 107 (as of 2020)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Blink Fitness franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $606,800 - $2,119,288
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Net Worth Requirement
- $1,000,000 - $3,000,000
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
- Cash Requirement
- $350,000 - $400,000
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Term of Agreement
- 10 years
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Blink Fitness has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 93 hours
- Classroom Training
- 33 hours
- Additional Training
- Ongoing Support
NewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Ad TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Interested in franchise ownership like Blink Fitness? Request a free consultation with a Franchise Advisor now.
Are you eager to see what else is out there? Browse more franchises that are similar to Blink Fitness.
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