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World Gym franchise financing options
Compare costs, fees and where to get financing for a World Gym.
Estimated initial costs
Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your World Gym franchise may result in higher or lower fees.
Franchise feesWorld Gym franchise fees total around $27,500, which beats out the $37,000 average for the 200 largest franchises nationwide.
|Initial franchise fee||$25,000 to $30,000|
|Estimated total||$25,000 to $30,000|
Equipment feesEquipment fees total $183,500 for World Gym. This costs more than the $180,023 average for the top 200 franchises.
|Deposits, lease and other down payments for fitness equipment, fixtures, other fixed assets||$40,000 to $200,000|
|Audio-visual equipment||$10,000 to $50,000|
|Furniture and displays||$2,000 to $10,000|
|Signs and branding||$10,000 to $30,000|
|Office equipment and supplies||$5,000 to $10,000|
|Estimated total||$67,000 to $300,000|
Real estate feesReal estate will set you back $633,000 for World Gym, thought it's less than the average of $788,376 for the top 200 franchises.
|Build-out and leasehold improvements||$200,000 to $1,000,000|
|Premises lease deposits||$10,000 to $50,000|
|Utility deposits||$1,000 to $5,000|
|Estimated total||$211,000 to $1,055,000|
Training feesWorld Gym initial training costs total $5,000, which comes in under the nationwide average of $9,788.
|Initial training||$0 to $10,000|
|Estimated total||$0 to $10,000|
Inventory costsInitial inventory for World Gym shakes out to $7,500. This is less than the nationwide average of $53,119.
|Initial inventory||$5,000 to $10,000|
|Estimated total||$5,000 to $10,000|
Licenses and permits costsWorld Gym initial licenses and permits will set you back $12,500. This comes out to less than $18,770 — the overall nationwide average.
|Licenses and permits||Cost|
|Licenses and bonds||$0 to $25,000|
|Estimated total||$0 to $25,000|
Insurance costsInitial insurance costs for World Gym run $15,000. This means you'll be paying more than the overall nationwide average of $6,311.
|Insurance||$0 to $30,000|
|Estimated total||$0 to $30,000|
Administrative feesWorld Gym administrative fees total up to $50,000 — which comes in over the overall nationwide average of $6,761.
|Pre-opening membership fee||$20,000 to $80,000|
|Estimated total||$20,000 to $80,000|
Other expensesMiscellaneous expenses for World Gym total $37,500 — less than the nationwide average of $69,970.
|Professional fees||$5,000 to $20,000|
|First 180 days' additional funds||$0 to $50,000|
|Estimated total||$5,000 to $70,000|
How to financeSince the estimated total for World Gym is on the more costly side, we recommend following these steps to get fully financed:
- Go to the World Gym franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to World Gym about in-house financing for franchisees.
- If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $971,500 estimated opening costs.
- Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
- Once you settle on a lender, gather all required documents, including account statements and assets.
- Apply for financing online or in person as required by the lender.
What types of financing is available?You have several options when it comes to financing a World Gym — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
- Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
- Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of World Gym opening costs.
- SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Compare small business lendersYou may not need financing to cover the estimated $333,000. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How World Gym stacks upCompare how World Gym holds up against two similarly sized franchises.
|Sir Speedy||World Gym||British Swim School|
|Average Franchise fees||$12,500||$27,500||$39,500|
|Average Equipment fees||$89,285||$183,500||$13,125|
|Average Real estate fees||NA||$633,000||$3,000|
|Average Training fees||$30,000||$5,000||$2,250|
|Average Inventory fees||NA||$7,500||$3,000|
|Average Marketing fees||NA||NA||NA|
|Average Licenses and permits fees||NA||$12,500||NA|
|Average Insurance fees||NA||$15,000||$3,700|
|Average Admin fees||NA||$50,000||$25,150|
|Average Personnel fees||NA||NA||NA|
|Average Other fees||$137,500||$37,500||$12,000|
Bottom lineWorld Gym franchise costs run a total of $971,500. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.
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