Introduction to top 10 profitable Gym Franchises in India
If you are passionate about investing in a gym franchise in India and willing to know about the best gym franchises available in the country of India, then this article will be appropriate for you to get the information about the cheapest gym franchise in India.
A step by step guide to top 10 profitable Gym Franchises in India
Fitness is has become an obsession not only for the millennials but also for various age groups. To be healthy, some people prefer to be on a diet and start acquiring healthy food habits but some people start running or jogging. But the most common thing done by people to become healthy is to become a member of a nearby gym.
People join gyms and start sweating through various workouts to achieve their fitness goals. This enthusiasm towards fitness has led to the beginning of a large number of gyms in India. And not only gyms, but there has also been growth in the number of gym franchises for popular ones.
Gym and Fitness centres
Gyms are a place where people approach to redefine themselves and change their appearance. Gyms help these people in attaining their goals by providing them some proper workout equipment and help them seek professional gym trainers. The advice ranges from the type of exercises to do, proper diet, and what not to eat. But one must choose the correct gym to work out in as there are several gyms where the equipment is not updated, not working, or worn out. These places just take money from their customers and help very less. So, one must be aware of the best gyms and the best gym franchises around their place so that they can have the proper guidance that they are in need.
The business model of gyms usually based on a membership basis where the customers acquire a particular membership plan that can be around 3 months, 6 months, or even annual. Customers should pay a membership for this service and that is how the gyms earn. Another source of revenue for the gyms is through selling fitness food items to the clients.
Investment required setup Gym or Fitness centre in India
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The one factor that matters a lot to the financers while investing their money in a business is the amount of money that is needed as an investment. So, this particular aspect is very crucial while making his or her decision whether to invest in a company or not depending on the cost of investment that will be incurred by the capitalist.
There are various costs associated with the opening and running of a top gym in this country. From hiring expert trainers to acquiring top-quality equipment for the gym, many things have to be taken into account. Some of the costs that a person should know to run the top gym in India are:
- The construction and renovation costs of a gym could be about 5 to 10 lakh rupees.
- The cost of installation along the installation will be from 5 lakh rupees to 30 lakh rupees.
- To run a gym, a person must appoint manpower and also has to take care of the maintenance costs which will be around 30,000 to 60,000 rupees.
- A gym owner has to obtain gym equipment and do timely servicing of the equipment to make sure that everything is running smoothly. For this, he or she should have Rs. 5,000 rupees.
- One expenditure that a gym owner must keep in mind is while hiring professional gym trainers. This can cost about 20,000 rupees to 1 lakh rupees per month.
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Top 10 profitable Gym Franchises in India for best business opportunity
1. Fitness First
Fitness First is a gym franchise that was founded in 1993 in the United Kingdom. The gym has a worldwide presence with greater than 380 franchises in more than 17 countries. Another thing the company takes pride in is the clients they have, which is more than about 10 lakhs. Fitness First made its presence known in India during 2008 and today, it has several gyms in Delhi and Mumbai with plans to grow to other cities as well.
2. Gold’s Gym
Gold’s Gym, which is known to be one of the best gyms in India, was initiated in the year 1965 by Joe Gold who opened the first gym in Venice Beach, California. Getting featured in the famous docudrama ‘Pumping Iron’ and having participants like Arnold Schwarzenegger and Dave Draper supporting the brand in gaining a lot of popularity and publicity. Today, Gold’s Gym is having more than 2 million members and is seen in 6 of the 7 continents with gyms in more than 200 places. No doubt, it’s the perfect gym franchise for India.
To open a Gold’s Gym Franchise in a Tier 1 city, you need to arrange around 2 to 3 crore rupees along with an outlet area of 5,000 to 7,000 sq. ft. Whereas for Tier 2 and Tier 3 cities, the amount ranges from 1 to 1.5 crore rupees and the area required is about 3,000 to 4,000 sq. ft. which is less when compared to Tier 1.
3. SK 27 Gym
SK Gym is a fitness franchise popular in India that was started by popular superstar – Salman Khan. The franchise aims to cater to job opportunities and enhance their health and fitness. SK 27 goal is to open around 300 gyms in India by the end of the year 2020.
4. The Little Gym
The Little Gym is an international gym franchise that was started particularly for infants and children that focus on their health and fitness. The company has worldwide branches with more than 300 franchises in about 29 countries around the world. Although no Indian numbers are available online, in terms of dollars, the cost investment needed to open a Little Gym franchise could be around 1,81,450 US Dollars to 4,28,500 Dollars. Additionally, a royalty of 8 percent must be borne by the franchisee to the company.
5. Talwalkars Gym
Talwalkars Gym is seen to be the largest fitness chains in the nation, having its feet in more than 22 cities across India. The company was begun in the year 2003. The minimum area needed to open up a Talwalkars gym is approximately 2,500 sq. ft. The amount of money for Talwalkar’s gym franchise comes to be about 1 crore to 5 crore rupees.
6. Body Building India
Body Building India or in short BBI is an Indian gym franchise having headquarters in Delhi. To start a Body Building India franchise, the financer should have an area of around 1,500 to 3,000 square feet. The capital that an investor needs for body Building India ranges from 50 lakh rupees to 1 crore rupees.
7. Jymka Gym
Jymka is renowned to be the cheapest gym franchise in India, the Jymka gym franchise is a platform to enhance health and fitness among children. The franchise focuses on blending fun with fitness. Jymka has been awarded an IFA award. The area needed by an investor to start up a Jymka gym is around 2,000 to 2,500 sq. ft. Do you know why Jymka is considered to be the cheapest gym franchise in India? It’s for the capital for setting up a Jymka franchise will be 5 lakh to 10 lakh rupees only.
8. Snap Fitness
Snap Fitness is an American based gym franchise that has its headquarters in Minnesota, USA. The company has about 2,500 clubs in around 24 countries in the world. Snap Fitness also has great popularity in India as the franchise has greater than 60 gyms in 16 cities of the country. The outlet space or area needed to open up a Snap Fitness gym is about 3,000 to 5,000 square feet. The capital incurred by an investor to become a Snap Fitness franchise is about 1.3 crore to 1.5 crore rupees. The profit margin for Snap Fitness will be around 40 percent.
9. Sports Fit
Sports Fit is another Indian gym franchise famous in Delhi. The franchise focuses on delivering customized fitness solutions to its clients. The famous cricketer Mahendra Singh Dhoni is even associated with Sports Fit. The area needed for a Sports Fit franchise is about 3,000 to 8,000 square feet. The money need for a Sports Fit franchise is around 50 lakhs to 1.25 crore rupees.
10. O2 Gym
O2 is one of the most luxurious and best gyms in India. It has a wide category of services to attract its customers like the spa, the gym, and some others. The outlet area needed to set up an O2 gym comes up to 3,000 to 7,000 square feet. The capital needed for setting up an O2 gym may vary from 50 lakhs to 2 crore rupees.
Conclusion of top 10 profitable Gym Franchises in India
The gym business in India is growing currently. Many people are becoming health conscious and taking a membership at gyms. So, it is a great period to be the owner of a fitness franchise in India. In the article, we have summarized the best of the gym centers in India. So, if you have the plan to invest and are looking for a good gym franchise this blog will be very useful to you.
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