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La Fitness Marketing Plan

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La Fitness Franchise Startup Cost, Profit Margin, Revenue and Locations LA Fitness is a widely known Health Club firm based in Irvine, California, Los Angeles, United States. In this article, we shall explore LA Fitness as a company and the franchise opportunity it offers to entrepreneurs and business persons. We shall commence by focusing on the antiquity of the firm. We shall then go ahead and look at the cost required to start-up an LA fitness franchise and the fee that the company asks its franchisees. We shall also be pondering the training and supports that the firm extends to its franchisees. To end with, you shall be made aware of how you can inaugurate an LA Fitness franchise in your region. Is LA Fitness a Franchise? LA Fitness …show more content…

The company was instituted on Nov 1st, 1984 by Chin Yi and Louis Welch (the chief executive officers of the company) with a single station at the intersection of Arrow Highway and Hollenbeck Avenue in Los Angeles, California, United States. Since then, the company has grown from a single club into many fitness centers and health clubs in the United States, Canada, and internationally. The headquarters of LA Fitness franchise is located in Irvine, California, United States. In 1995, the company came up with a multipurpose sports and fitness club that became the firm's sign model at the moment. The company has greatly expanded by acquiring several larger clubs in various countries. The acquired clubs include 171 clubs from Bally Total Fitness, 33 clubs from Lifestyle Family Fitness Clubs, Buffalo and Rochester Athletic Clubs in New York, and 10 Vision Quest Sport and Fitness clubs in Seattle area. LA Fitness franchise has taken the power of its global popularity and well-known and reliable brand to draw the businesspeople seeking to participate in a health and fitness …show more content…

dollar). The businesspersons and entrepreneurs who intend to utilize the LA Fitness Franchise business opportunity are needed to have a liquid investment of $50,000 (U.S dollar) and an adequate capital investment ranging from $77,000-$250,000 (U.S dollar). These requirements vary because the company has not set standards on how much these amounts should be. LA Fitness Franchise Fee Businesspeople and business associates who are concerned in making use of LA Fitness franchise opportunity are required to pay a franchise fee which falls anywhere between $15,000 and $30,000 (U.S. dollar). You are also required to pay other legal fees and royalties fees which usually fall anywhere between $400 and $500 (U.S dollar) per month. LA Fitness Franchise Start-up Cost LA Fitness franchise requires a lot of fitness equipment, well-equipped infrastructures including a swimming pool installation. Therefore, it is relatively expensive to start-up an LA Fitness franchise. Business people and entrepreneurs who are desiring to initiate an LA Fitness franchise are required to have a start-up value ranging from $30,000-$300,000 (U.S. dollar) to retrofit a current retail station into a club. The ground building can fetch as much as $3 million (U.S

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