Best Gym Franchise in India: If you are interested in investing in a gym franchise in India and want to know about the best gym franchises available in the country of India, then this is the right place for you.
Fitness is has become an obsession with the current generation. Not that people of previous generations did not want to be fit but this desire of looking good as well as feeling good has reached new levels in today’s times. To be healthy, some people go on a diet and start eating healthy foods and some people start running. But the most common thing done by a person in order to become healthy is to join a gym.
People join gyms and start sweating it out there and give it there all in order to achieve their fitness goals. This enthusiasm towards fitness has given birth to a large number of gyms in India. And not only gyms, but there has also been a rise in the number of gym franchises that are there in India.
Gyms are a place where people go to redefine themselves and how they look. Gyms help these people in achieving their goals by providing them with the proper workout equipment and sound professional advice from the gym trainers. The advice ranges from what exercises to do to what to eat and what not to eat. But one must choose a good gym to work out as there are gyms where the equipment is old, not working or worn out. These places just take money from the customers and do very little for them in return. So, one must know the best gyms and the best gym franchises around their place so that they can get the proper guidance that they require.
The business model of gyms usually works on a membership basis where the customers buy a particular membership plan that can be of 3 months, 6 months or for a year. They have to pay a membership for this and that is how the gyms earn their revenue. Another source of revenue for the gyms is through selling fitness supplements to the members.
The one factor that matters a lot to the investors while investing their money in a business is the amount of money that is required as an investment. So, the one thing every potential investor wants to know while making his or her decision whether to invest in a company or not is the cost of investment that will be incurred by the investor.
There are various expenses associated with the opening and running of a top gym in India. From hiring professional trainers to acquiring top-quality equipment for the gym, a lot of things have to be taken into account. Some of the expenses that a person wanting to run the top gym in India has to bear are:
Fitness First is a gym franchise that was founded in the United Kingdom in the year 1993. The gym has a worldwide presence with more than 380 franchises in more than 17 countries. Another thing the company takes pride in is the number of members they have, which is more than 10 lakhs. Fitness First made its presence known in India in the year 2008 and today, it has multiple gyms in the cities of Mumbai and Delhi with plans to grow even further.
Gold’s Gym, considered to be one of the best gyms in India, was started 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 members like Arnold Schwarzenegger and Dave Draper helped the brand in gaining a lot of attention and popularity. Today, Gold’s Gym brags of having more than 2 million members and has a presence in 6 of the 7 continents with gyms in more than 200 locations. No doubt, it’s the best gym franchise in India.
To open a Gold’s Gym franchise in a Tier 1 city, an investment of 2 to 3 crore rupees is required along with an outlet area of 5,000 to 7,000 square feet. For Tier 2 and Tier 3 cities, the amount of investment comes up to about 1 to 1.5 crore rupees and the area required is around 3,000 to 4,000 square feet.
SK Gym is a fitness franchise in India that has been started by one of the biggest superstars that India has to offer – Salman Khan. The aim of the franchise is to provide job opportunities and make people fit and healthy. SK 27 is aiming at opening around 300 gyms in the country by the end of the year 2020.
The Little Gym is an international gym franchise that focuses on the health and fitness of infants and children. The company has a worldwide presence with more than 300 franchises in over 29 countries in the world. Although no Indian numbers are available on the internet, in terms of dollars, the cost investment required to open a Little Gym franchise comes to around 1,81,450 US dollars to 4,28,500 dollars. Additionally, a royalty of 8 percent also has to be paid by the franchisee to the company.
Talwalkars Gym is one of the largest fitness chains in the country, having a presence in more than 22 cities in India. The company was started in the year 2003. The minimum area required to open up a Talwalkars gym is around 2,500 square feet. The amount of money that an investor needs to put up in order to become the owner of a Talwalkars gym franchise comes to around 1 crore to 5 crore rupees.
Body Building India or the acronym BBI is an Indian gym franchise with its headquarters in the national capital of the country, Delhi. In order to open up a Body Building India franchise, an investor requires an outlet area of around 1,500 to 3,000 square feet. The amount of money that an investor needs to put up in order to own a body Building India ranges from 50 lakh rupees to 1 crore rupees.
Jymka Considered to be the cheapest gym franchise in India, the Jymka gym franchise is a platform to improve the kids’ health and fitness. The franchise focuses on mixing fun with fitness. Jymka has also been honored with an IFA award. The area required by an investor to open up a Jymka gym is approximately 2,000 to 2,500 feet. The reason Jymka is considered to be the cheapest gym franchise in India is that the cost of investment for setting up a Jymka franchise comes to about 5 lakh to 10 lakh rupees.
Snap Fitness is an American gym franchise that has its headquarters in Minnesota, USA. The company has over 2,500 clubs in over 24 countries in the world. Snap Fitness also has a great presence in India as the franchise has more than 60 gyms across 16 cities of the country. The outlet space or area required to open up a Snap Fitness gym is around 3,000 to 5,000 square feet. The cost of investment incurred by an investor in order to become a Snap Fitness franchisee is around 1.3 crore to 1.5 crore rupees. The profit margin for Snap Fitness is considered to be around 40 percent.
Sports Fit is another Indian gym franchise based in the city of Delhi. The franchise focuses on providing customized fitness solutions to its members. The cricket superstar Mahendra Singh Dhoni is also involved with Sports Fit. The area required for a Sports Fit franchise is around 3,000 to 8,000 square feet. The money that an investor has to put up to own a Sports Fit franchise is approximately 50 lakhs to 1.25 crore rupees.
O2 is one of the most luxurious and best gyms in India. It has a wide range of services to please its customers like the spa, the gym, and others. The outlet area required to set up an O2 gym is around 3,000 to 7,000 square feet. The amount of investment required for setting up an O2 gym ranges from 50 lakh to 2 crore rupees.
After looking at the top gym franchises in India, you must have queries on your mind which we have tried to solve in the below FAQs section.
A person will require a minimum of 5 to 10 lakh rupees to open a gym in India.
The answer is yes. The gym business in India is booming right now and it is a great time to invest in a fitness franchise in India.
Failing to capitalize, lack of funds, not enough promotion, bad supervision, increase in the competition are just some of the reasons due to which gyms tend to fail.
An initial investment of at least 5 to 10 lakh rupees is required to start your own gym.
If you do it right, you stand a chance of making a good amount of money from running a gym.
Currently, there is no name bigger than Gold’s Gym in the fitness sector in India. High profile people like actors and sportsmen visit these gyms on a regular basis.
THe cost of investment for a Gold’s Gym dealership varies on the basis of location. If you want to open it in a Tier 2 or Tier 3 city, then it will cost you around 1 to 1.5 crore rupees. In the case of Tier cities, a person usually has to put up about 2 to 3 crore rupees.
A person will have to put up anywhere between 20,000 to 1 lakh rupees a month for gym trainers.
When it comes to ranking the top gym franchise in India, it has to be Gold’s Gym. It has gained a lot of traction and has 140+ locations across India.
You might be surprised by this but according to reports, famous YouTuber Sahil Khan, who is the owner of Life Fitness owns the biggest gym in India.
The chain of gyms that are launched and owned by MS Dhoni is SportsFit World Pvt Ltd. This is Dhoni’s first venture into the world of fitness and commercializing in this space.
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The gym business in India is booming right now. More and more people are becoming health conscious and joining gyms. So, it is a great time to be the owner of a fitness franchise in India. And the above list highlights the best of the gym chains in India. So, if you have money to invest and are looking for a good gym franchise to invest in, this article will be of great help to you.
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