Start a AKT Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $444K - $550K

Units as of 2023: 37 164.3% over 3 years

AKT is based on dance cardio, which may make it a unique, fun concept. It features a combination of circuit, toning, and interval training workouts. The company typically comes out with new programs every few weeks, potentially making content fresh and relevant. Their versatile workouts are created with all body types and fitness levels in mind.

Founded in 2014, AKT is a fitness program that was developed by celebrity fitness trainer Anna Kaiser. The brand began franchising four years later. If you're interested in strengthening your community and your business portfolio then opening an AKT franchise may be a good choice for you.

Why You May Want to Start an AKT Franchise

There's no question that the fitness industry is a competitive one. So make sure you take some time to explore the opportunity. Research the brand and your local area to see if an AKT franchise would do well in your community. Would your investment in this exercise franchise give you the first-mover advantage? This ultimately means that since fitness is a very dynamic business field, it may be beneficial to be the first to bring the AKT fitness concept to your area.

The AKT franchise business model may be scalable, which could give you the freedom to grow your business. Its franchisees often forge relationships with industry vendors to help leverage development costs. Many new businesses need support to grow. AKT states that they offer support in training for lease negotiation and hiring team members to help you settle on the best deals.

What Might Make an AKT Franchise a Good Choice?

Opening an AKT franchise typically has its own set of unique advantages. This includes being part of a team that says it is all about community. Apart from encouraging partnerships between clients and staff, this franchise strives to foster a culture that's all about being welcoming and supportive.

The passion that is in the workouts may translate to the running of the business. Fitness is about results, and being part of a company that pushes such results could be great for the body and the brand.

How To Start an AKT Franchise

The ideal AKT franchisee is someone who is fired up about health and fitness. It's not just something you teach—it's a part of who you are. They value growth and innovation.

To be part of the AKT team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. Additionally, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.

Franchisees typically have the chance to speak with a representative and existing AKT franchisees during the onboarding process. This is a great opportunity to learn about their experience and ask questions about choosing the right location.

In the past, AKT has occasionally offered financial assistance to help franchisees set up shop, thanks to third-party affiliations. Are you ready to dance your way into a fitness business with an AKT franchise?

Company Overview

About AKT

Industry	Health & Wellness
Related Categories	Fitness , Dance Fitness
Founded	2014
Parent Company	Xponential Fitness LLC
Leadership	Anthony Geisler, CEO
Corporate Address	17877 Von Karman Ave., #100 Irvine, CA 92614
Social	Facebook, Twitter, LinkedIn, Instagram

Business Overview

Franchising Since	2018 (6 years)
# of employees at HQ	24
Where seeking	This company is offering new franchises throughout the US. This company is offering new franchises in the following international regions: Asia, Australia/New Zealand, Middle East, Europe (Eastern), Europe (Western), Central America, Canada, South America
# of Units	37 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a AKT franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$60,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$444,330 - $550,280
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$500,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$100,000
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	7%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	2%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing	AKT has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	1 hour
Classroom Training	20 hours
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Grand Opening Online Support Security & Safety Procedures Lease Negotiation Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising Ad Templates National Media Regional Advertising Social Media SEO Website Development Email Marketing Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	8-12
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes