When it comes to investments, people don’t immediately think of gym franchises. But unknown to many gym franchises can not only be very lucrative but beneficial in many other ways to franchisees.
Here are some of the reasons why gyms can make excellent franchise investments:
Established gym franchises are basically turnkey operations, which means that most areas needed to run the business and ensure its success are already established by the franchisors. All the business plans, procedures and policies have already been established; the equipment, fit-outs, signage, marketing and training are provided for; and of course, the franchisor will provide ongoing support. And because you are carrying a well-known brand, you most likely will already have an established customer base.
Gym franchises have relatively low overheads and initial investment, a solid return in investment and you don’t have to have specialised knowledge going into the franchise. Any knowledge you will need will be given to you through initial training and ongoing franchisor support.
Gym franchises, 24 hour gyms specifically, are a relatively , straightforward business model. With the assistance of one or two staff the business is easily managed from a day to day operational perspective.
It is rare to run a business that actually makes a real, positive difference in people’s lives. A gym is one of those rare businesses. In the gym people become fitter, healthier, happier and more confident—and you can actually see those things unfold. Who wouldn’t want to run a business like that?
A gym franchise gets most of its revenue from membership fees, but it can also provide plenty of other ways to earn extra income. Personal training, classes, selling gym apparel, consumables and health and weight-loss products are just some of these ways.
So what are you waiting for? If you’re ready to reap the benefits then it’s about time you get your own gym franchise.