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Plus Fitness is an Australian gym franchise with over 200 locations throughout Australia, New Zealand and Asia. Members can attend any Plus Fitness location, with most offering 24-hour access.
If you're looking at opening a gym and are interested in a Plus Fitness franchise, learn how to do it and compare your finance options below.
Plus Fitness is a franchise option for those looking to open a gym, but who don't want to start a business from scratch. You could potentially benefit from the brand awareness and marketing support of the franchisor, but will not have the same autonomy as you would if you were to open your own gym.
You will pay an initial franchise fee that covers the equipment and set-up costs of your gym. As a franchisee, you will also receive help in planning and locating your gym site, as well as initial and ongoing franchisee training and support. You are then responsible for the running and management of the gym.
The initial cost of a turnkey Plus Fitness franchise is $249,000* for a 250-sqm site. This covers equipment, the aesthetic fit out of the gym, furniture, IT systems and signage. You will also pay a flat monthly franchise fee of $895 in return for ongoing support from the franchisor.
The initial franchise cost will scale with the size of the premises you want, as follows:
Site size | Initial cost |
---|---|
300 sqm | $289,000 |
350 sqm | $319,000 |
400 sqm | $349,000 |
*All figures are taken from the Plus Fitness website and accurate at time of writing.
Along with your initial and ongoing franchise fees, there are a number of other costs you will need to keep in mind when planning to open your franchise:
If you've decided to apply for a Plus Fitness franchise, you will need to follow these steps:
Given the high upfront costs of starting a Plus Fitness franchise, you may need additional finance to help fund your purchase and provide working capital going forward. You have a number of finance options, including:
Consider the following when comparing your finance options:
Once you have found a business loan that suits your needs, you can click "Go to site" on the table below and follow the instructions to begin your application.
You will need to provide personal and financial information as part of your application, including your credit history, business experience and any other debts, liabilities or assets. Some lenders will also not provide finance for new businesses, or may require you to provide a detailed business plan and financial forecast as part of your application.
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