Lyft 24 franchise: cost, fees and total investment
Short answer: The Lyft 24 franchise fee is $5,000 to $39,000 and the total initial investment ranges from $1,624,000 to $3,837,500, with about $435,000 in liquid cash required, based on franchise disclosure data compiled in October 2026. Confirm current figures in Items 5 and 7 of the Lyft 24 FDD.
What are the Lyft 24 franchise fees and investment?
The Lyft 24 franchise requires a franchise fee of $5,000 to $39,000 and a total initial investment of $1,624,000 to $3,837,500. The franchise fee is one line inside the total investment, which also covers location, equipment, opening inventory and working capital.
| Franchise fee (FDD Item 5) | $5,000 to $39,000 |
|---|---|
| Total initial investment (FDD Item 7) | $1,624,000 to $3,837,500 |
| Minimum liquid cash | $435,000 |
| US locations | 1 |
| Industry | Fitness |
| Headquarters | Gilbert, Arizona |
| Founded | 2022 |
| Franchising since | 2023 |
How does the Lyft 24 investment compare with other fitness franchises?
Lyft 24's minimum investment of $1,624,000 is above the median minimum investment of $202,548 across the 260 fitness franchises in the SelectFranchiseList database. 9 of the other 259 brands in this industry start at a higher investment. Its franchise fee starting at $5,000 compares with an industry median of $42,500.
By minimum investment, Lyft 24 belongs with franchises over $500,000.
What should you verify in the Lyft 24 FDD?
Verify six parts of the Lyft 24 Franchise Disclosure Document before you sign, because figures change with every annual FDD:
- Item 5 and Item 6: the current franchise fee, royalty, marketing fund and technology fees.
- Item 7: the full investment range by expense line, including working capital.
- Item 19: whether Lyft 24 discloses financial performance data, and which units it covers.
- Item 20: openings, closures and transfers, plus contacts for current and former franchisees.
- Item 21: the franchisor's audited financial statements.
- Item 12: whether your territory is protected.
The full list of Items is in the FDD guide. You must receive the FDD at least 14 calendar days before you sign a binding agreement or pay any money.
Which franchises are similar to Lyft 24?
These fitness franchises have the closest minimum investment to Lyft 24:
| Franchise | Franchise fee | Total investment |
|---|---|---|
| Planet Fitness | $0 to $20,000 | $1,525,000 to $5,221,500 |
| Gold's Gym | $40,000 | $1,793,500 to $4,537,000 |
| The Hot Room | $60,000 | $1,803,500 to $3,303,333 |
| Dill Dinkers | $50,000 | $1,913,100 to $4,865,700 |
| Purvelo | $45,000 | $1,215,650 to $6,618,950 |
See every brand in fitness franchises.
Frequently asked questions
How much does a Lyft 24 franchise cost?
The total initial investment for a Lyft 24 franchise ranges from $1,624,000 to $3,837,500, including a franchise fee of $5,000 to $39,000, according to franchise disclosure data compiled in October 2026. The exact amount depends on location, build-out and working capital, as shown in Item 7 of the FDD.
How much cash do you need to open a Lyft 24 franchise?
Lyft 24 lists a minimum of about $435,000 in liquid cash. Lenders usually finance part of the remaining investment, and the franchisor confirms its capital requirements during qualification.
How many Lyft 24 locations are there?
Lyft 24 reported 1 US locations in the data compiled in October 2026. Item 20 of the FDD shows openings, closures and transfers for the last three years.
How long has Lyft 24 been franchising?
Lyft 24 started offering franchises in 2023 after the company was founded in 2022.
Figures are compiled from franchise disclosure data and public franchise listings as of October 2026 and may have changed. Lyft 24 and its trademarks belong to their owner; SelectFranchiseList is not affiliated with or endorsed by Lyft 24. This page is not an offer to sell a franchise. Only the franchisor's current FDD is authoritative.