305 Fitness franchise
2023 filing · October 13, 2023
305 Fitness at a glance
A dance cardio workout studio whose classes are led to a live DJ. At the end of 2023 there were 1 305 Fitness locations in the US, all company-owned.
The business
- Franchisor
- 305 Fitness Franchising Co. LLC
- The company that sells the franchises
- Franchisor based in
- New York, New York
What you pay
- Cost to open
- $296K–$788K
- Fee, build-out and opening working capital
- Franchise fee
- $50,000
- Paid once, when you sign
- Royalty
- 7.5%
- For the first 18 months, $2,500 a month until monthly gross sales reach $60,000, then 7.5% of gross sales with a $5,000 royalty rebate; plus a brand marketing fee
- Brand fund
- Yes
- $500 a month until monthly gross sales reach $60,000, then 2% of gross sales
- Agreement length
- 10 years
Where it is
- US locations, 2023
- 1
- Franchised and company-owned
- Franchised
- 0
- Company-owned
- 1
- Change in 3 years
- 0
- Franchised locations, 2021–2023
From 305 Fitness Franchising Co. LLC’s 2023 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
305 Fitness among all franchises with the same figure.
| Figure | 305 Fitness | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $541,750 | Costs more than 67% of franchises |
| Franchise feePaid once, when you sign | $50,000 | Higher than 70% of franchises |
| RoyaltyShare of sales paid to the franchisor | 7.5% | Higher than 84% of brands with a set rate |
| US locationsFranchised and company-owned | 1 | Fewer than 88% of franchises |
How much a 305 Fitness franchise costs
Opening one 305 Fitness costs an estimated $295,500 to $788,000. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are net leasehold improvements & equipment ($75,000 to $400,000) and audio, lighting, computer & tech equipment ($50,000 to $80,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $50,000 | ||
| Pre-Opening Training Travel and Lodging Expenses | $500 | $4,000 | |
| Real Property – Purchased or Leased | $20,000 | $60,000 | |
| Net Leasehold Improvements & Equipment | $75,000 | $400,000 | |
| Furnishings and Fixtures | $2,000 | $10,000 | |
| Fitness Equipment, Studio Supplies, Laundry | $7,000 | $15,000 | |
| Soft Opening Retail Inventory Kit | $2,500 | ||
| Utility Deposits and Fees | $500 | $2,500 | |
| Business and Other Licenses | $500 | $5,000 | |
| Signage | $5,000 | $15,000 | |
| Audio, Lighting, Computer & Tech Equipment | $50,000 | $80,000 | |
| Legal and Accounting Fees | $2,500 | $20,000 | |
| Initial Marketing Spend | $15,000 | ||
| Lease Negotiation & Build-Out Support | $0 | $2,000 | |
| Insurance | $2,000 | $12,000 | |
| All Staff Hospitality Training Fee | $5,000 | ||
| Instructor Training | $10,000 | ||
| DJ Training | $5,000 | ||
| Technology Fees | $3,000 | $5,000 | |
| Additional Funds (initial 3 months) | $40,000 | $70,000 | |
| Total | $295,500 | $788,000 | |
Source: 305 Fitness Franchising Co. LLC, 2023 filing, page 13
305 Fitness franchise fee
The franchise fee is $50,000. You pay it when you sign the franchise agreement.
Source: 305 Fitness Franchising Co. LLC, 2023 filing, page 8
Royalty and ongoing fees
| Royalty | For the first 18 months, $2,500 a month until monthly gross sales reach $60,000, then 7.5% of gross sales with a $5,000 royalty rebate; plus a brand marketing fee. |
|---|---|
| Brand or marketing fund | $500 a month until monthly gross sales reach $60,000, then 2% of gross sales. |
| Audio, Lighting, Computer & Tech Equipment | $50,000 |
| Transfer Fee | 50% of the then current Initial Franchise Fee |
| Additional Instructor Training Fee | $1,350 per instructor, plus travel, meal and accommodation expenses |
| Local Marketing Spend | $2,000 per month |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: 305 Fitness Franchising Co. LLC, 2023 filing, page 10
Other fees as filed, from pages 10–13. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures 305 Fitness does not share sales or profit figures for its locations. Talking to current and former franchise owners is the usual way to learn what a location earns.
Source: 305 Fitness Franchising Co. LLC, 2023 filing, page 42
How 305 Fitness compares
Of the 92 gym franchises on this site, 305 Fitness is the 38th cheapest to open and the 78th largest by number of locations.
| Figure | 305 Fitness | Typical gym brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $296K | $342K | $222K |
| Cost to open, high end | $788K | $653K | $477K |
| Franchise fee | $50K | $50K | $40K |
| Royalty | 7.5% | 6.5% | 6% |
| US locations | 1 | 17 | 21 |
| Shares earnings figures | No | 53 of 92 | 2,147 of 3,352 |
Typical is the median across the 92 brands in gym franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2021 | 0 (0) | 3 | 0 | 0 |
| 2022 | 0 (0) | 1 | 0 | 0 |
| 2023 | 0 (0) | 1 | 0 | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: fitness franchise costs and franchise failure rates.
Source: 305 Fitness Franchising Co. LLC, 2023 filing, page 43
Who owns 305 Fitness?
305 Fitness franchises are sold by 305 Fitness Franchising Co. LLC.
From 305 Fitness Franchising Co. LLC’s 2023 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | Yes. The filing describes past or pending cases involving the franchisor, its affiliates or its executives on page 8. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: 305 Fitness Franchising Co. LLC, 2023 filing, litigation on page 8, bankruptcy on page 8
305 Fitness filings
The figures on this page come from 305 Fitness Franchising Co. LLC’s 2023 filing, issued October 13, 2023, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2023 filing | October 13, 2023 | NASAA depository | Costs, fees and locations, 2021–2023 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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