Growth History

After years of experience in several industries, Charter Fitness founders knew there was a better opportunity. Looking for a business model with greater promise and success, they began opening locations in 2002 after extensive research and planning.

Since that time, we’ve developed a business model that works. Charter Fitness operates on the principle that anyone, regardless of fitness level, can be comfortable and at ease while bettering themselves. And as a franchisee, you’re not only improving your financial portfolio—you’re improving the health and fitness of communities across the country.

The Chicagoland area has been the hub of operations for Charter Fitness, a high-growth market where we’ve established the brand and disrupted the fitness and wellness segment. We credit our growth to our unbeatable price point, having the right equipment and providing the personal training services members want.

Just take a look at what we’ve already accomplished.

Charter Fitness By The Numbers

 

15 Years of Robust Growth

How many other health and fitness brands can claim the same level of success and business growth during the height of the Great Recession?

We’ve got a process in place that puts our operators on the strongest foot possible for establishing a franchise location. Franchisees that become part of our system are joining at the sweet spot for market availability and unit economics

Strategic Growth

When you’re part of the Charter Fitness network, we go out of our way to help you succeed.

Whether we’re working with you to identify trade areas in target markets—finding the right balance of demographics and traffic—to select prime real estate or complying with zoning ordinances, Charter Fitness has built a successful network of health clubs by developing strong operational processes.

Unit Economics That Really Add Up
It’s not enough to open new health clubs. The proof is in the cold, hard cash. Fortunately, the unit economics of our 40 locations provides the evidence you’re looking for:
$855,979 $182,134 $1,051,830 $305,027
Charter Fitness health clubs generate an average total revenue of $855,979.* The average EBITDA at these Charter Fitness is $182,134. The average revenue for the 14 Charter Fitness locations opened with the new 16,000 to 20,000-foot format was $1,051,830. These locations, which operate with the newer, bigger boxes open to our future franchisees, see an average EBITDA of $305,027.

An Eye on the Future

Charter Fitness will continue to dedicate itself to expanding in major Midwestern markets, but we also have our sights set on high-growth regions. For instance, we’re looking to grow in Arizona, Florida and Texas—but the Charter Fitness franchise opportunity is almost unlimited. In addition to our planned expansion of franchise-run Charter Fitness health clubs, there are also 6 new corporate-run locations slated to open over the next 12 months.

Want to Know More?

Get in touch with us to get more information about investing in a Charter Fitness franchise.

Email: snichols@charterfitness.com

*Disclaimer: This information is not an offer to sell or solicit an offer to buy a franchise from Charter Fitness or anyone acting on our behalf. Franchises are offered solely in compliance with our Franchise Disclosure Document. We currently offer to sell franchises only in certain states according to the applicable laws governing the offer and sale of franchises. We do not offer to sell franchises in geographic locations unless and until we have complied with all applicable legal requirements for the subject jurisdiction. The financial projections referenced above are based upon reasonable past performance as included in Item 19 of our 2014 Franchise Disclosure Document but in no way guarantee future performance.