![]() As described in Item 8, you may be required to participate in our “Construction Management Services” program offered through our approved vendor to oversee the construction of your Anytime Fitness center. The loan must be repaid at the earlier of (i) when the landlord pays the tenant improvement money, (ii) 90 days after the last cash distribution is made to you under the loan documents, or (iii) 30 days after you open your Anytime Fitness center. We require you pay us a 6% origination fee, but we do not charge interest on the loan, unless it is in default. We may not agree to provide you this loan. The maximum amount we will finance for any franchisee is $150,000. We have a program that is exercised at our sole discretion and may provide a short-term loan to qualified franchisees when that happens so that you can pay for those improvements, pending receipt of money from your landlord. However, we assumed the general contractor will include permitting fees in the construction costs. If you are receiving a leasehold improvement allowance from your landlord, the landlord may require you show them that you paid for the leasehold improvements before giving you the money. The above figures do not include extensive renovations. Moderate and higher cost fitness centers may require extensive interior renovations and additional equipment. You may also need to provide a larger security deposit and a personal guaranty of the lease. The lower estimates assume the landlord will cover many of the leasehold improvement costs. A lower cost center is one that would require fewer leasehold improvements and fewer equipment expenditures. Costs will vary in relation to the physical size and location of the fitness center. Our franchise model is based on minimizing overhead expenses, including real estate costs. All our estimates are based on these assumptions. Our estimate assumes you must pay only the first month’s rent and a security deposit equal to another month’s rent. The above estimates anticipate costs equal to $59per square foot for the buildout, and assume that you will receive tenant improvement allowances of $26.38per square foot from your landlord. We take the odd gym selfie flexing our muscles, meet friends for post-workout breaky, get some me-time while the kids have a little too much fun at the gym creche, take advantage of the hair straighteners (and all the beautiful products!), and feel completely at home in a space designed exclusively just for us.(4) Our estimate for initial expenses for real estate and improvements assumes you will lease a “vanilla shell” or “as is” space of 5,289 square feet which, at a minimum, includes rooms that will work as an office, bathrooms, studio space, concrete floors, demised exterior walls, HVAC, roof, and utilities stubbed to the premises sufficient for an Anytime Fitness center. ![]() ![]() Our bodies get flexy and stretchy in reformer Pilates, we move with intention in yoga (sometimes we just roll around too), and we slow all the way down in mindful meditations. We dance (like nobody’s watching) in group fitness classes, get extra sweaty in FIIT30 sessions, talk a little too much to our friends while we’re on the treadmill (and bike, rower and cross-trainer…oops), sip on lattes in the lounge, and show off our new activewear on the gym floor. We adore lifting heavy weights – no, lifting weights does not make you ‘bulky’, and yes, it does make you fitter, stronger and toned. That simple idea blossomed from one boutique gym into the national health, fitness and wellness clubs women love, with 70+ locations all around Australia, the best personal trainers and nutrition coaches specialising in women’s health and fitness, and all the little touches that make Fernwood a haven for women. She nurtured the gym for women concept, and carved out a space for women to exercise with confidence. It was a simple idea, curated by Diana Williams.
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