KEY FRANCHISE STATS
All you need to know about this franchise in a snapshot
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Lyft24 is a forward-thinking fitness franchise that emphasizes strength training and recovery over traditional cardio workouts. Established in October 2022 and headquartered in Gilbert, Arizona, Lyft24 began franchising in April 2023.
The franchise offers 24-hour access to specialized strength training facilities, catering to individuals seeking efficient and effective fitness solutions.
Unlike conventional gyms, Lyft24 eliminates cardio equipment, focusing instead on science-backed strength conditioning and recovery services such as saunas, ice baths, and red light therapy.
This unique approach addresses a gap in the fitness market, providing members with programs designed to improve muscle mass, bone density, and overall well-being. The franchise's commitment to quality is evident in its top-of-the-line equipment and expert coaching staff.
Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
Lyft 24
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$39,000
$358,000
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$1,931,000
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Fitness
The Lyft 24 franchise provides a structured and comprehensive training program aimed at preparing franchisees and their managers for successful operation. The training includes several mandatory and optional components:
Lyft 24 grants its franchisees a designated Franchise Territory, typically with a radius of 2 to 5 miles from the franchise premises. This territory is protected in that, as long as the franchisee is in compliance with the agreement, the franchisor will not establish or license another business using the same marks and system within that territory.
However, this protection is not absolute exclusivity, as the franchisor retains rights to use other marks and to market via alternative channels such as online platforms or limited-access venues like airports.
The franchisor also reserves the right to sell products through different distribution methods and to operate under different trademarks both inside and outside the Franchise Territory.
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