Workout Anytime Franchise Loan: The Complete Financing Guide for Workout Anytime Franchise Owners
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Workout Anytime Franchise Loan: The Complete Financing Guide for Workout Anytime Franchise Owners

Opening a Workout Anytime franchise is one of the most accessible paths into the booming fitness industry, offering a proven low-cost model with strong member retention. But even affordable franchises require significant upfront capital, and that is exactly where a well-structured business loan can make all the difference between a missed opportunity and a thriving fitness center.

What Is Workout Anytime Franchise?

Workout Anytime is a 24-hour fitness franchise founded in 1999 that has grown to over 180 locations across the United States. The brand targets value-conscious fitness members who want round-the-clock access to quality gym equipment at affordable monthly rates, typically below $25 per month. According to Entrepreneur Magazine's franchise rankings, Workout Anytime consistently ranks among the best low-cost fitness franchise opportunities in the country.

The franchise model is designed to minimize overhead while maximizing member capacity. Locations are typically 4,000 to 6,000 square feet, staffed lightly and often run with limited full-time employees. Revenue is driven primarily by recurring monthly membership fees, creating steady, predictable cash flow for franchise owners.

Workout Anytime differentiates itself in the competitive fitness market by offering several distinct advantages:

  • Low initial investment compared to full-service gym franchises
  • 24/7 access model with keycard entry reduces staffing costs
  • Recession-resistant business since budget fitness thrives in any economy
  • Comprehensive franchisor support including site selection, training, and marketing
  • Recurring membership revenue that generates predictable monthly income

As the fitness industry continues to grow globally, with the market valued at over $87 billion according to Forbes Health, budget fitness franchises like Workout Anytime are well-positioned to capture an increasing share of health-conscious consumers looking for affordable alternatives to premium gyms.

Key Insight: Workout Anytime franchises often appeal to first-time franchise owners because the model is straightforward, the brand is established, and the initial investment is significantly lower than many competing gym chains. This accessibility makes franchise financing both more important and more attainable.

Workout Anytime Franchise Costs

Before applying for financing, you need a clear picture of what a Workout Anytime franchise actually costs. According to the brand's Franchise Disclosure Document (FDD) and publicly available information, the total initial investment breaks down across several key categories:

Initial Investment Breakdown

Cost Item Estimated Range
Initial Franchise Fee $20,000 - $35,000
Equipment and Fitness Machines $150,000 - $250,000
Leasehold Improvements and Buildout $60,000 - $150,000
Signage and Branding $10,000 - $25,000
Technology and Security Systems $15,000 - $30,000
Pre-Opening Marketing $5,000 - $15,000
Working Capital (3-6 Months) $30,000 - $50,000
Miscellaneous and Training $5,000 - $15,000
Total Estimated Investment $295,000 - $570,000

Ongoing costs include:

  • Royalty fee: 5% of gross sales
  • Marketing contribution: 1% of gross sales to the national fund
  • Lease payments: Typically $5,000 - $12,000 per month depending on location
  • Staffing and utilities: Variable based on size and hours of operation

Compared to larger gym franchises that can require over $1 million in startup costs, Workout Anytime's relatively modest investment range makes it a prime candidate for small business loans and franchise-specific financing.

Smart Planning Tip: Even if you have enough cash for the franchise fee and equipment, consider financing a portion of your investment to preserve working capital. Many new franchisees underestimate the importance of having liquid reserves for the first 6-12 months of operations.

How to Finance a Workout Anytime Franchise

Financing a Workout Anytime franchise requires a strategic approach that combines the right loan products with solid financial preparation. The good news is that franchise businesses typically receive favorable treatment from lenders because they have proven business models and lower failure rates than independent startups.

According to the U.S. Small Business Administration, franchises are among the most lender-friendly business types because of their established brand recognition, standardized operating procedures, and demonstrated revenue potential.

Key Considerations Before Applying

Before approaching any lender, make sure you have:

  • Reviewed the FDD: The Franchise Disclosure Document contains all the financial information lenders will want to review
  • Estimated cash flow projections: Based on the franchisor's provided financial performance representations
  • Assessed your personal credit: Most franchise loans require a credit score of 650 or higher
  • Gathered required documents: Tax returns (2-3 years), personal financial statement, business plan
  • Identified your equity contribution: Most lenders want to see 10-30% of the total investment as your own equity
Pro Tip: Workout Anytime has relationships with preferred lenders through their franchisor support program. Ask your franchise development representative about any preferred lending partners that may offer faster approval and specialized terms for new Workout Anytime franchisees.

Once you have your documents in order, you can explore multiple financing paths. Many franchisees use a combination of products - for instance, an SBA loan for the main buildout and equipment, plus a business line of credit for working capital needs.

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Loan Options for Workout Anytime Franchisees

There are several financing products well-suited to covering the costs of opening and operating a Workout Anytime franchise. Here is a detailed overview of each:

1. SBA 7(a) Loans

The SBA 7(a) loan program is the most popular franchise financing option in the United States. These government-backed loans offer:

  • Loan amounts up to $5 million
  • Repayment terms up to 10 years for working capital, 25 years for real estate
  • Lower down payments than conventional loans (typically 10-20%)
  • Competitive interest rates (usually prime + 2-4%)

The SBA maintains a Franchise Registry where Workout Anytime may be listed, which can significantly speed up the loan approval process. Learn more about SBA loans through Crestmont Capital.

2. Equipment Financing

Gym equipment is one of the largest costs for any fitness franchise, making equipment financing a natural fit. With equipment loans:

  • The equipment itself serves as collateral, often eliminating the need for additional security
  • You preserve working capital by spreading the cost over 3-7 years
  • Interest may be tax-deductible under Section 179
  • Loan amounts typically cover 80-100% of equipment cost

Equipment financing is particularly valuable for Workout Anytime franchisees because the gym machines, treadmills, and weight equipment represent the core asset of the business.

3. SBA 504 Loans

If you plan to purchase commercial real estate for your Workout Anytime location, the SBA 504 loan offers exceptional terms. This program provides long-term, fixed-rate financing specifically for major fixed assets including real estate and heavy equipment.

4. Term Loans

Traditional term loans from banks and alternative lenders offer flexibility and speed. While they typically require stronger credit and cash flow than SBA loans, they can fund in days rather than weeks. Amounts range from $50,000 to several million dollars depending on your qualifications.

5. Business Line of Credit

A business line of credit provides revolving access to funds that is ideal for managing the ups and downs of new franchise operations. Use it for payroll during slow months, marketing campaigns, equipment repairs, or seasonal membership promotions. A business line of credit gives you financial flexibility without the commitment of a full term loan.

6. Fast Business Loans

For franchisees who need capital quickly - perhaps to secure a prime location before another buyer - fast business loans can provide funding in as little as 24-48 hours. While rates are typically higher than SBA loans, the speed advantage can be crucial in competitive markets.

Did You Know? Many successful Workout Anytime franchisees use a layered financing approach - combining an SBA loan for the buildout with equipment financing for the gym equipment and a line of credit for working capital. This structure minimizes monthly payments while keeping liquidity available.

How Crestmont Capital Helps Workout Anytime Franchise Owners

Crestmont Capital is a nationally recognized business lender that specializes in franchise financing. Unlike traditional banks that may not understand the nuances of franchise business models, Crestmont's team has deep experience with the fitness industry and franchise lending specifically.

Here is what sets Crestmont Capital apart for Workout Anytime franchisees:

  • Franchise expertise: We understand Workout Anytime's business model, revenue projections, and what lenders look for in fitness franchise applications
  • Multiple loan products: Access to SBA loans, equipment financing, term loans, and lines of credit through a single application process
  • Faster decisions: Our streamlined application process can deliver funding decisions in as little as 24-48 hours for qualified applicants
  • Flexible qualifications: We work with borrowers across a range of credit profiles, including those with less-than-perfect credit histories
  • Dedicated support: A dedicated franchise financing advisor guides you through every step of the process
  • No prepayment penalties: Pay off your loan early without additional fees on most of our products

Crestmont Capital has helped hundreds of franchise owners across the fitness and wellness sectors secure the capital they need to launch and grow their businesses. Our clients include owners of multiple fitness franchise locations who now manage growing portfolios thanks to the strategic financing solutions we provided at the start of their franchise journey.

You can also explore how we have helped other fitness franchise owners by reviewing our guides for franchises like Planet Fitness franchise financing and franchise loan examples across industries.

Talk to a Franchise Financing Specialist Today

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Real-World Financing Scenarios

To illustrate how franchise financing works in practice, here are three common scenarios Workout Anytime franchisees face when seeking capital:

Scenario 1: First-Time Franchise Owner with Strong Credit

Profile: Former corporate professional, credit score 720+, $80,000 in personal savings, no previous business ownership

Investment Goal: $400,000 total for a single Workout Anytime location

Financing Strategy:

  • SBA 7(a) loan: $320,000 (80%) at prime + 2.75% over 10 years
  • Personal equity: $80,000 (20%)
  • Equipment financing for additional machines added later: up to $50,000 as business grows

Outcome: Monthly SBA payment approximately $3,400; business breaks even at around 450 members, achievable within 6-12 months of opening.

Scenario 2: Experienced Business Owner Adding a Second Location

Profile: Current Workout Anytime franchise owner with one profitable location, credit score 680, wants to open second gym

Investment Goal: $350,000 for new location buildout and equipment

Financing Strategy:

  • Term loan leveraging cash flow from existing location: $250,000
  • Equipment financing: $100,000 specifically for new gym equipment
  • Business line of credit: $50,000 for working capital buffer

Outcome: Leverages existing business success to qualify for competitive rates; second location benefits from operator's experience, reducing time to profitability.

Scenario 3: Franchisee Seeking to Buy Existing Location

Profile: Investor interested in purchasing an existing Workout Anytime franchise resale, credit score 650

Investment Goal: $550,000 to acquire operating gym with existing membership base

Financing Strategy:

  • SBA 7(a) loan for business acquisition: $440,000
  • Buyer equity: $110,000 (20%)
  • Seller financing for portion of goodwill: negotiated with existing owner

Outcome: Acquires a gym with existing cash flow, making SBA approval faster due to proven revenue history. Lender is more confident with demonstrated membership numbers.

Workout Anytime franchise owner reviewing financing documents

Who Qualifies for Workout Anytime Franchise Financing

Most reputable lenders evaluate franchise loan applications based on several key factors. Here is what you need to know to position yourself for approval:

Credit Score Requirements

  • Excellent (720+): Access to the best SBA rates and terms with minimal documentation
  • Good (680-719): Standard SBA and conventional financing available with normal documentation
  • Fair (620-679): SBA loans still possible, equipment financing likely available, may need additional collateral
  • Below 620: Alternative lenders like Crestmont Capital can still help; terms will vary by situation

Financial Documents Needed

  • 2-3 years of personal tax returns
  • Personal financial statement (assets, liabilities, net worth)
  • Business plan with financial projections for 3 years
  • Franchise Disclosure Document (FDD) from Workout Anytime
  • Signed franchise agreement (or letter of intent)
  • Bank statements (last 3-6 months)
  • Resume demonstrating relevant business experience

Minimum Requirements for Most Lenders

  • Credit score: 640 or higher (varies by lender and loan type)
  • Equity injection: 10-30% of total project cost
  • No recent bankruptcies (typically within last 7 years)
  • Industry experience or management experience preferred
  • Sufficient liquid assets to demonstrate financial stability
Important: Even if you do not meet every standard requirement, do not assume you cannot get financing. Crestmont Capital works with borrowers in a wide range of situations. The key is to present a complete, compelling application that addresses any potential concerns proactively.

How the Workout Anytime Franchise Loan Process Works

Getting financing for your Workout Anytime franchise is a step-by-step process that typically takes 30-90 days depending on the loan type. Here is a numbered guide to what you can expect:

  1. Initial Consultation: Speak with a Crestmont Capital franchise financing advisor to discuss your goals, timeline, and financial situation
  2. Pre-Qualification: Complete a quick application that gives you a funding range and estimated terms without affecting your credit score
  3. Document Collection: Gather and submit the required financial documents including tax returns, financial statements, and your franchise agreement
  4. Lender Submission: Your application is submitted to the appropriate lender(s) based on your profile and financing needs
  5. Underwriting Review: Lender reviews your application, credit history, business plan, and FDD (typically 5-30 days depending on loan type)
  6. Approval and Terms: Receive your loan approval with detailed terms; review and negotiate as needed
  7. Closing: Sign final documents and receive funding; SBA loans fund within days of closing
  8. Open Your Gym: Use funds for buildout, equipment, pre-opening costs, and initial working capital

Loan Comparison Table

Loan Type Amount Range Typical Rate Term Best For
SBA 7(a) $50K - $5M Prime + 2-4% Up to 10yr Full franchise buildout
Equipment Financing $10K - $5M 5-15% 2-7 yr Gym equipment purchase
Term Loan $25K - $2M 7-25% 1-5 yr Fast funding, flexible use
Business Line of Credit $10K - $500K 8-24% Revolving Working capital, fluctuations
SBA 504 $125K - $5.5M Fixed, below-market 10-25 yr Real estate purchase
Fast Business Loan $5K - $500K 12-45% 3-24 mo Emergency or opportunity

Your Next Steps to Franchise Financing

  1. Complete your Workout Anytime franchise application with the franchisor
  2. Gather your last 2-3 years of tax returns and personal financial statement
  3. Check your credit score and address any issues before applying
  4. Calculate how much equity you can contribute (target 15-25% of total cost)
  5. Apply online with Crestmont Capital for a free pre-qualification
  6. Work with your franchise advisor to finalize site selection and lease terms
  7. Close your loan and begin your Workout Anytime buildout

Workout Anytime Franchise: Key Financial Facts

$295K
Minimum Total Investment
180+
Locations Nationwide
24/7
Access Model
5%
Royalty Rate
$20-25
Avg. Monthly Member Fee

Frequently Asked Questions About Workout Anytime Franchise Loans

How much does it cost to open a Workout Anytime franchise?
The total initial investment for a Workout Anytime franchise typically ranges from $295,000 to $570,000. This includes the franchise fee ($20,000-$35,000), equipment ($150,000-$250,000), leasehold improvements ($60,000-$150,000), technology and security, marketing, and initial working capital. Actual costs vary based on location, lease terms, and buildout complexity.
Can I get an SBA loan to open a Workout Anytime franchise?
Yes, Workout Anytime franchises may qualify for SBA 7(a) loans. The SBA Franchise Directory lists approved franchises that can streamline the loan process. To qualify, you will generally need a credit score of 650 or higher, a 10-20% equity injection, and strong personal financial statements. SBA loans offer competitive rates and longer repayment terms than conventional financing.
What credit score do I need to finance a Workout Anytime franchise?
For SBA loans, most lenders require a personal credit score of at least 650, with scores above 700 receiving the most favorable terms. Equipment financing may be available with scores as low as 600. Alternative lenders like Crestmont Capital may work with scores in the 580-640 range, though rates will be higher. It is always worth applying to understand your options regardless of your score.
How long does it take to get a franchise loan approved?
Loan timelines vary significantly by type. SBA loans typically take 30-90 days from application to funding. Conventional term loans may fund in 1-2 weeks. Equipment financing often processes in 3-7 business days. Fast business loans can fund in as little as 24-48 hours. At Crestmont Capital, we streamline the process to get decisions as quickly as possible for franchise applicants.
Do I need industry experience to qualify for a Workout Anytime franchise loan?
Fitness industry experience is helpful but not strictly required. What matters more to lenders is overall business management experience, strong personal finances, and the training/support that comes with being a Workout Anytime franchisee. Many successful franchise owners come from completely different industries. The franchisor's training program is often cited as a mitigating factor by SBA lenders evaluating first-time fitness business owners.
Can I use equipment financing for gym machines?
Absolutely. Equipment financing is one of the best ways to fund gym equipment purchases. The equipment itself serves as collateral, which often means lower rates and easier approval compared to unsecured loans. With gym machines costing $150,000-$250,000 for a typical Workout Anytime location, equipment financing can cover a substantial portion of your startup costs while preserving working capital for operations.
What documents do I need to apply for a franchise loan?
Standard documentation includes: 2-3 years of personal and business tax returns (if applicable), personal financial statement, 3-6 months of bank statements, the Franchise Disclosure Document (FDD), signed franchise agreement or letter of intent, business plan with 3-year financial projections, resume highlighting relevant experience, and government-issued ID. Having these documents ready before applying will significantly speed up the review process.
Is it better to use an SBA loan or conventional financing for a franchise?
It depends on your situation. SBA loans are generally better for most franchise startups because they offer lower down payments, longer terms, and competitive interest rates. However, SBA loans take longer to process (30-90 days). Conventional loans fund faster but may require more collateral and larger down payments. Many franchise owners use SBA loans for the primary investment and supplement with equipment financing or lines of credit for specific needs.
Can I get financing for multiple Workout Anytime locations?
Yes, many franchisees finance expansion to multiple locations. After successfully operating your first gym for 1-2 years and establishing positive cash flow, you can apply for additional financing backed by the revenue from existing locations. Lenders look favorably on franchisees with proven track records. At Crestmont Capital, we have helped many multi-unit franchise operators structure financing across multiple locations efficiently.
What is the ongoing royalty fee for Workout Anytime?
Workout Anytime charges a royalty fee of approximately 5% of gross sales, plus a 1% national marketing fund contribution. These ongoing fees are factored into the financial projections and lenders will expect to see them included in your business plan. Despite these fees, the franchisor's support, brand recognition, and operational systems typically provide value that exceeds the cost, contributing to stronger member retention and revenue.
How do I factor in working capital when calculating my loan amount?
Most financial advisors recommend having 6-12 months of operating expenses available as working capital for a new franchise. For a Workout Anytime location, this is typically $30,000-$50,000 depending on lease costs and staffing. This working capital should be included in your total loan request or maintained as liquid reserves. SBA 7(a) loans can include working capital as part of the funded amount, making it easier to meet this requirement without depleting personal savings.
Can I refinance my Workout Anytime franchise loan later?
Yes, refinancing is possible after you have established a track record of profitability. If interest rates drop or your credit profile improves significantly, refinancing could reduce your monthly payments and total interest paid. Most lenders allow refinancing after 12-24 months of successful repayment. At Crestmont Capital, we work with existing clients to explore refinancing options as their businesses grow and their financial profiles strengthen.
What happens if my Workout Anytime franchise struggles financially?
If your franchise faces financial challenges, the most important step is to communicate proactively with your lender. Many lenders offer loan modification options, including temporary payment deferrals, loan restructuring, or extended terms. The SBA also has hardship programs for qualifying borrowers. Workout Anytime's franchise support team can also provide business guidance and resources to help struggling franchisees improve performance.
Is a personal guarantee required for a franchise loan?
For most franchise loans, especially SBA loans, a personal guarantee is required if you own 20% or more of the business. This means your personal assets could be at risk if the loan defaults. However, some equipment financing products and certain alternative lending products may be structured without or with limited personal guarantees. It is important to understand the guarantee requirements before signing any loan documents. Ask your Crestmont Capital advisor to explain the guarantee structure for any loan you consider.
How does Crestmont Capital differ from a bank for franchise financing?
Banks typically have rigid qualification criteria, longer review processes, and limited flexibility for franchise-specific situations. Crestmont Capital specializes in franchise and small business financing, offering faster decisions, more flexible qualification standards, and access to multiple loan products through a single application. We understand franchise business models and can structure loans to match the unique cash flow patterns of new fitness franchises. We also work with a broader range of credit profiles than traditional banks.

Conclusion: Take the First Step Toward Your Workout Anytime Franchise

Opening a Workout Anytime franchise is a smart move in the rapidly growing budget fitness market. With a proven business model, affordable membership pricing that attracts loyal customers in any economic environment, and a total investment range well-suited to standard business financing, Workout Anytime offers one of the most accessible paths to franchise ownership in the fitness industry.

The key to success is securing the right financing structure from the start - one that covers your initial investment while preserving the working capital you need to reach profitability. Whether you choose an SBA loan, equipment financing, a business term loan, or a combination approach, having an experienced lending partner makes all the difference.

Crestmont Capital has helped franchise owners across the country access the capital they need to build thriving businesses. Our franchise financing specialists understand the Workout Anytime business model and can guide you through every step of the loan process, from initial pre-qualification to final funding.

Do not let financing uncertainty hold you back from the franchise opportunity you have been researching. Apply today and get a decision on your Workout Anytime franchise financing within 24-48 hours.

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Disclaimer: The information provided in this article is for general educational purposes only and is not financial, legal, or tax advice. Funding terms, qualifications, and product availability may vary and are subject to change without notice. Crestmont Capital does not guarantee approval, rates, or specific outcomes. For personalized information about your business funding options, contact our team directly.
Allan Garfinkle

About Author: Allan Garfinkle

Allan Garfinkle is the Chief Revenue Officer at Crestmont Capital, where he has spent more than a decade leading revenue strategy, business development, and operational growth. With 28 years of experience building and advising startups and small businesses, Allan has helped more than 10,000 business owners navigate financing decisions, growth opportunities, and changing economic conditions. He earned a Bachelor of Science in Economics and an MBA with a concentration in Finance from Northeastern University, as well as a Juris Doctor from New England Law, where his studies focused on contracts and business law. His writing draws on extensive practical experience in small-business lending, equipment financing, business credit, and commercial finance.

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