Workout Anytime logo

Workout Anytime Franchise

Audited Financials
FitnessEst. 2004Alpharetta, GA
www.workoutanytime.com

Risk Score

Pending analysis

Investment Range

$1,060,850 - $1,840,550

Franchise Fee

$45,000

Total US Locations

190

Business Summary

Workout Anytime operates twenty-four (24) hour fitness and health club facilities. These clubs offer instruction to the general public on health and fitness through a system designed by Workout Anytime.

Corporate History

Workout Anytime Franchising Systems, LLC was formed as a Georgia limited liability company on April 5, 2004. It began offering franchises in December 2005. Steven C. Strickland, a co-founder, served as CEO from 2004 until April 2025. In April 2025, Workout Anytime was acquired by Workout Anytime Global, LLC, which is now its parent company.

Financial Overview

Investment Range

$1,060,850 - $1,840,550

Franchise Fee (Low)

$45,000

Franchise Fee (High)

$45,000

Royalty %

6%

Marketing %

2%

Equipment Costs (Low)

$484,000

Equipment Costs (High)

$888,000

Working Capital

$40,000

Audited Financials

Yes

Offers Financing

No

Audit Opinion

Unqualified opinion

Financial Health Notes

The FDD highlights a special risk regarding Workout Anytime's financial condition, stating that its financial position, as reflected in its financial statements, calls into question its ability to provide services and support to franchisees. However, the independent auditor's report itself issued an unqualified opinion, meaning the financial statements present fairly, in all material respects, the Company's financial position and results of operations.

Financing Details

Workout Anytime does not offer any direct or indirect financing to franchisees. It also does not guarantee any notes, leases, or other obligations for its franchisees.

Performance Metrics

Total US Locations

190

Franchised Units

190

Corporate Units

0

Avg Square Footage

9,500

Franchising Since

2005

Agreement Terms

Initial Term

10 years

Renewal Term

5 years

Renewal Conditions

To renew their franchise agreement, Workout Anytime franchisees must provide written notice of their desire to renew between 6 and 12 months before the current term ends. They must be in substantial compliance with their Franchise Agreement and System standards, as well as their lease and vendor agreements. Franchisees are required to complete any necessary facility upgrades, execute a general release of claims against Workout Anytime, complete any additional required training, and pay a renewal fee equal to 75% of the then-current Initial Franchise Fee. The new agreement may contain materially different terms.

Training & Support Program

Franchisor Assistance

Workout Anytime provides several forms of assistance to its franchisees. Before a club opens, it offers a protected territory, site selection guidelines (with optional on-site evaluations for a fee), specifications for fitness and other required equipment, access to an electronic operations manual, initial training for the franchisee and manager, and help with marketing plans. During operation, Workout Anytime provides ongoing marketing plan assistance, periodic visits from its representatives with written reports, advertising and promotional materials, specifications for equipment and supplies, and guidance for equipment orders. The franchisor also makes commercially reasonable efforts to negotiate favorable prices with major suppliers. Additionally, Workout Anytime offers ongoing operational and training assistance upon request, provides consultation via phone and email, develops new products and service methods, assists with general market research and pricing, and maintains a website with individual club pages.

Initial Training Hours

123

Training Location

Franchise Support Center in Alpharetta, Georgia, with possibilities for remote or club-site training.

Ongoing Support

After opening, Workout Anytime franchisees receive ongoing support through periodic visits from the franchisor's representatives, who will provide written reports following each visit. Workout Anytime also offers recommendations for advertising, provides advertising and promotional materials, and offers consultation via phone and email regarding operations. Franchisees must participate in up to four system-wide marketing and promotional activities annually. They are required to attend an annual convention and may be required to attend additional training programs for an extra fee. The franchisor also maintains an intranet system for reports, manual access, communication, and training.

Franchise Requirements

Industry Experience Required

No

Management Experience Required

No

Sales Experience Required

No

Technical Skills Required

No

Operational Details

Location Type

retail

Owner Participation

Absentee Allowed

Territory Type

Protected

Territory Size Requirements

Workout Anytime defines territories with natural boundaries like roads, waterways, and state/city/county lines, or through a designated circular area with an established radius. Factors considered for sizing include population, population density, demographics, and traffic patterns, using the latest U.S. Census report for population figures. There is no minimum size for the territory.