As people become increasingly more interested in leading healthier, more active lives, owning a gym will most likely continue to be a profitable enterprise. Gym memberships have steadily grown over the last ten years, with around 59 million Americans, or 1 in 5 Americans, currently enrolled as gym members. The gym industry currently boasts 30 billion dollars a year in revenue - an average of $316,555 per gym - with a growth rate of 2.5% in recent years and a 3.2% growth rate in 2016. In 2014, Anytime Fitness, a gym franchise, reached the top of Entrepreneur magazine's Franchise 500, ranking tenth on the list.
Consumers are attending gyms for a variety of reasons related to health, culture, economy and population. These days, gym-goers are often motivated by public health initiatives aimed at fighting obesity, diabetes and other ailments, as well as more general consumer trends toward health. This culture has led to a growth in gym attendance in the last few years that is projected to increase. Population growth among individuals aged 20 to 64, the largest gym-going demographic, has driven demand for gym memberships. Additionally, as the recent economic recession has turned around, individuals have more disposable income that can be used to purchase gym memberships.
If you are considering the purchase or sale of a gym, Transworld is committed to ensuring the best deal for all parties involved. Transworld's business advisors will meet with each prospective gym buyer to determine your abilities and interests, educate you about the search and buying process and connect you with gym sellers that match your criteria. If interested in selling your gym, Transworld's experienced advisors will offer you full marketing support, including expert valuation and strict confidentiality, as they introduce you to suitable prospective buyers. Transworld will be involved at all stages until the gym changes hands and even beyond.
