
Charter Fitness
Fitness club- 2021 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$578K - $1.2M
- Units as of 2014
-
35 -20.5% over 3 years
Company Overview
About Charter Fitness
- Industry
- Personal-Care Businesses
- Related Categories
- Fitness
- Founded
- 2002
- Leadership
- Dan Collins, COO, CEO
Franchising Overview
- Franchising Since
- 2011 (10 years)
- # of employees at HQ
- 30
- Where seeking
-
This company is seeking new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
- # of Units
- 35 (as of 2014)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Charter 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
- $30,000
- Initial Investment
- $577,708 - $1,201,802
- Net Worth Requirement
- $750,000
- Cash Requirement
- $300,000
- Royalty Fee
- 5%
- Ad Royalty Fee
- 2%
- Term of Agreement
- 10 years
- Is franchise term renewable?
- Yes
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- Additional Training
- At existing club
- Ongoing Support
-
Purchasing Co-opsNewsletterToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField Operations
- Marketing Support
-
Ad TemplatesRegional Advertising
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- # of employees required to run
- 10
- Are exclusive territories available?
- Yes
Franchise 500 Ranking History
Compare where Charter Fitness landed on this year’s Franchise 500 Ranking versus previous years.
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