Top 10 Gym Franchise Opportunity in India - 2023
Updated On : 24-Sep-2023
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.
Wellness has become an obsession with the current generation. People from previous generations have never wanted to be fit but this desire to look good as well as feel 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 a person does to get healthy is to get into a gym.
People go into gyms and they start to sweat and bring it there to achieve their fitness goals. This enthusiasm for fitness has led to a large number of gyms in India. And not only gyms, but there has also been an increase in the number of gym voting rights in India.
About the Gym and Exercise
Gymnasts are a place where people go to redefine themselves and what they look like. Gyms help these people achieve their goals by providing them with the right workout equipment and sound professional advice from the gym trainers. The advice covers the exercises to do and the things to eat and what not to eat. But a good gym has to be chosen to work out because there are gyms where the equipment is old, not working or worn out. These places only take money from the customers and do little in return. So, one has to know the best gyms and best gym franchises around their place so that they get the right guidance they need.
The campus business model usually operates on a membership basis when customers purchase a specific membership plan that can be 3 months, 6 months or a year. They have to pay membership for this and that is how the gyms earn their income. Another source of revenue for the gyms is through the sale of fitness supplements to the members.
Cost of Setting Up a Gym in India
One important factor for investors in investing their money in a business is the amount of money required as an investment. So the one thing that every potential investor wants to know when deciding whether or not to invest in a company is the cost of the investment that the investor will incur.
Opening and running a top gym in India has different costs. From hiring professional trainers to getting state-of-the-art equipment for the gym, a lot of things need to be taken into consideration. Here are some of the expenses that a person looking to run the best gym in India has to offer:
- Gym construction and renovation costs come to around 5 to 10 lakh rupees.
- The cost of installation along the installation can range from 5 lakh rupees to 30 lakh rupees.
- To run a gym, one has to hire staff and have to pay the maintenance costs which will come in at around 30,000 to 60,000 rupees.
- A gym owner has to take care of the gym equipment and regularly servicing the equipment to make sure everything is running smoothly. For this, he will have to incur a monthly expenditure of 5,000 rupees.
- One expense that a gym owner cannot afford to ignore is hiring professional gym trainers. This can cost the owner from 20,000 rupees to 1 lakh rupees in a month.
Top 10 gym franchises in India
1. Exercise first
Fitness First is a gym franchise founded in the United Kingdom in 1993. The gym has a worldwide presence with over 380 franchises in over 17 countries. Another thing the company is proud of is the number of its members, which is more than 10 lakh. Fitness First has established its presence in India in 2008 and today, it has numerous gyms in the cities of Mumbai and Delhi and plans to grow even more.
2. Gold Gym
Joe Gold started Gold’s Gym, considered to be one of the best gyms in India, which opened its first gym in Venice Beach, California. It helped the brand gain the attention and popularity of the famous ‘Pumping Iron’ docudrama and have members such as Arnold Schwarzenegger and Dave Draper. Today, Gold’s Gym brags that it has more than 2 million members and has a presence in 6 of the 7 continents with gyms in over 200 locations. It is undoubtedly the best gym franchise in India.
Opening a Gold is Gym franchise in a Tier 1 city requires an investment of 2 to 3 crore rupees as well as 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 desired area is around 3,000 to 4,000 square feet.
3. SK 27 Gym
SK Gym is a fitness franchise in India set up by one of the biggest superstars India has to offer – Salman Khan. The purpose of the franchise is to provide employment opportunities and to make people fit and healthy. SK 27 aims to open around 300 gymnasiums in the country by the end of 2020.
4. The Little Gym
The Little Gym is an international gym franchise that focuses on the health and well-being of infants and children. The company has a worldwide presence with over 300 franchises in over 29 countries in the world. Although there are no Indian numbers available on the internet, in dollar terms, the cost investment needed to open the Little Gym franchise comes to around 1,81,450 US dollars to 4,28,500 dollars. In addition, the franchisee must pay the company a royalty of 8 percent.
5. Talwalkars Gym
Talwalkars Gym is one of the largest fitness chains in the country, and has a presence in over 22 cities in India. The company was started in 2003. The minimum area required to open the Talwalkars gym is approximately 2,500 square feet. The amount of money that an investor has to put up in order to become the owner of the Talwalkars gym franchise comes in at around 1 crore to 5 crore rupees.
6. India Body Building
Body Building India is an Indian gym franchise or BBI acronym with its headquarters in the country’s national capital, Delhi. In order to open the Body Building India franchise, an investor needs an outlet area of approximately 1,500 to 3,000 square feet. The amount of money that an investor must put up to own a India Building Company ranges from 50 lakh rupees to 1 crore rupees.
7. Jymka Gym
Jymka Considered the cheapest gym franchise in India, Jymka’s gym franchise is a platform for improving children’s health and well-being. The franchise focuses on mixing fun with fitness. Jymka was also honored with an IFA award. The area that an investor wants to open a Jymka gym is between 2,000 and 2,500 feet. The reason why Jymka is considered to be the cheapest gym franchise in India is that the cost of investing to set up a Jymka franchise comes to around 5 lakh to 10 lakh rupees.
8. Snap Fitness
Snap Fitness is an American gym franchise with its headquarters in Minnesota, USA. The company has over 2,500 clubs in over 24 countries worldwide. Snap Fitness also has a great presence in India as the franchise has more than 60 gymnasiums across 16 cities in the country. The outlet space or area required to open a Snap Fitness gym is approximately 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 estimated to be around 40 percent.
9. Sports Fitting
Sports Fit is another Indian gym franchise based in the city of Delhi. The franchise focuses on providing their members with customized fitness solutions. Cricket superstar Mahendra Singh Dhoni is also involved with Sports Fit. The area required for a Sports Fit franchise is approximately 3,000 to 8,000 square feet. The money that an investor must put up to own a Sports Fit franchise is around 50 lakhs to 1.25 crore rupees.
10. O2 Gym
O2 is one of the most luxury and best gyms in India. It has a wide range of services to satisfy its customers such as the spa, gym, et cetera. The outlet area required to establish an O2 gym is approximately 3,000 to 7,000 square feet. The amount of investment required to set up an O2 gym is between Rs 50 lakh and 2 crore rupees.
After having a look at the best gym franchises in India, you must have questions in your mind that we tried to solve in the section below Frequently Asked Questions.
Frequently Asked Questions About Best Gym Franchise In India
How much investment is needed to start a gym in India?
At least 5 to 10 lakh rupees will be required to open a gym in India.
Is gym business profitable in India?
The answer is yes. The gym business is booming in India now and it is a great time to invest in fitness franchise in India.
Why do gyms fail?
Failure to capitalize, lack of funds, insufficient promotion, poor supervision, increased competition are just some of the reasons why gyms fail.
How much money do I need to start my own gym?
Starting your own gym requires an initial investment of at least 5 to 10 lakh rupees.
Can you make money out of a gym?
If you do it right, you have the chance to make a good amount of money by running a gym.
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Final Words
Gym business is booming in India now. More and more people are becoming health conscious and getting into gyms. So, it is a great time to own a fitness franchise in India. And the list above highlights the best 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 help you a great deal.
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