World Gym® is all about helping others be their best, and that includes our gym franchise owners. We want to provide you with all the information you need to make informed decisions. Below you will find answers to some of the common questions we receive from prospective owners. If you don’t see your question answered here, please reach out to our team to learn more.
A:Once you submit some basic information about yourself, we will contact you and provide our Franchise Disclosure Document (FDD) which outlines the required investment to open one or more World Gyms. While the total investment will vary by location, size, and other factors, the estimated initial investment range for a new World Gym franchise is $1,139,500 -$3,715,000. Qualified franchise candidates must have $400,000 minimum liquid capital and $1,000,000 minimum net worth.
A:Many factors contribute to the startup and ongoing expenses of your World Gym franchise. As we begin the process of evaluating one another to determine if we are a mutually beneficial fit, we will work with you to help you determine your financial requirements to start up a World Gym. Meeting and talking with other franchisees will also help answer this question. We currently require prospective franchisees to have a minimum $400,000 liquid capital and $1,000,000 net worth to get started.
A:We will help you carefully budget your living expenses and other costs involved with starting up your new World Gym business.
A:Many factors affect the time to financial breakeven, including location, population, competition, and gym size. As such, we are unable to make specific assertions about individual gyms. We will provide access to the information needed to clarify time to breakeven, and will connect with fellow franchisees who can provide additional insights.
A:As a major worldwide franchise with decades of operating experience, World Gym has relationships with various lenders for you to contact to discuss financing for equipment purchases, operating capital, and more. The most common forms of standard financing are bank loans and commercial equipment leases. Additionally, many banks work closely with and are designated preferred lenders of the Federal Small Business Administration (SBA) and can assist in applying for SBA loans.
A:There are numerous factors to consider when projecting income potential for a franchise. As you perform your due diligence on the World Gym opportunity, you will have numerous resources and opportunities to help you answer this question. While we’re not able to make assertions about the profitability of individual franchises, our FDD, as well as the insights of current franchisees, can help clarify the potential of a World Gym franchise.
