Skip to main content

10 Fitness Franchise Opportunities for Your Business

 

10 Fitness Franchise Opportunities for Your Business



Franchising your fitness business is an excellent way to grow your empire. By expanding a successful fitness business using proven methods, you can grow your business at a rapid rate. If you decide to franchise out your business, unique opportunities arise. 

Fitness entrepreneurs who have built a successful brand often look to franchising to continue to expand. Like any business model, franchising has its benefits and drawbacks. While it may not suit everyone, a franchise opportunity can help you grow your business fast in a unique way. This article discusses what a fitness franchise is and 10 opportunities that come from franchising your fitness business. Skip ahead to:

What is a Fitness Franchise?
4 Successful Gym Franchise Businesses
10 Fitness Franchise Opportunities for Your Business
What is a Fitness Franchise? 
The fitness franchise industry is a billion-dollar sector. Over the last few years, the industry has benefitted from a more health-conscious population with growing gym membership levels. Some of the top players include Planet Fitness Franchise, Pure Barre, Crunch Fitness, and Gymguyz. 

A franchise is a business with an owner known as the franchisor. The franchisor has a proven, established, and successful business model. When you franchise your business, you sell the rights to use your company name, business plan, marketing, and trademark to other operators known as franchisees. This is usually in return for a one-off fee or ongoing royalties, depending on how you operate and the franchise agreement you have in place.

For someone who wants to run a fitness business but wants to minimize risk, investing in a franchise is a great alternative. Franchise opportunities exist across various businesses, including fast-food restaurants, car dealerships, gyms, and fitness centers. If you’re already successful, franchising is a fantastic way to grow your business.  

If you’re considering franchising your fitness business, listen to Russ Harrison, the Group Managing Director of Spartans Boxing Club, talk about growing a successful fitness franchise from the ground up. Russ talks about opening his first location in Singapore to having five locations and building a fitness franchise.


4 Successful Gym Franchise Businesses 
Some of the most successful fitness franchises have been around for a while and continue to grow. To give you an idea of how other successful businesses franchise their business, here are four brands crushing the fitness industry. 

Orangetheory Fitness
Website: https://www.orangetheory.com/en-us/


Orangetheory Fitness was founded in 2010. Fitness classes focus on treadmills, free weights, and rowing machines. With over 1,200 locations, you need an upfront investment of $560,000 to $1,000,000. Orangetheory is known for its heart rate monitor training, which helps members to maintain a target zone for optimal results during fitness training; the fitness brand requires an ongoing royalty fee of 8% and an ad fee of 2%. 

Anytime Fitness
Website: https://www.anytimefitness.com/


A major name in the world of 24-hour gyms, Anytime Fitness Franchise Franchise was founded in 2001 before franchising in 2002. The franchise has more than 2,300 locations nationwide, with more than 600 locations outside of the United States. The total initial investment costs as much as $677,800. To join the franchise, you are required to pay ongoing royalties and advertising fees based on gross sales. 

F45 Training 
Website: https://f45training.com/


F45 Training is known for its high-intensity group workouts lasting 45 minutes. The F stands for functional as all the workouts are designed to help with daily functional movement. The fitness franchise uses technology-centered solutions to create a high-tech fitness experience with TVs displaying individual performance. You can invest with as little as $300,000. F45 Training was founded in 2010 and started franchising five years later in 2015. Royalty fees and advertising fees are ongoing charges. 

Snap Fitness 
Website: https://www.snapfitness.com/us/


Snap Fitness provides members with 24/7 access to traditional weights and machines. They offer daily classes, personal trainers, group training, and heart rate monitors for members. Snap Fitness started franchising in 2010 and now has over 850 locations. The initial investment can start at just over $150,000, depending on the size of the business. The franchise’s royalty fee is 6%. 

The Top 10 Barriers Slowing Your Fitness Business Growth
Discover more
The Fitness Founders Podcast has an interesting episode on how franchises are navigating a transformed fitness industry. Andy Peat, the Chief Product Officer of Lift Brands Inc., which includes Snap Fitness and the 9Round International Franchise, talks about his career and how Snap Fitness and 9Round are dealing with the coronavirus pandemic.  

10 Fitness Franchise Opportunities for Your Business
As you can see the initial investment, net worth requirements, royalty fees, franchise fee, and contract length can all differ from one franchise to another. If you decide to franchise, you will set the rules and guidelines for franchisees to follow. Here are 10 unique opportunities that arise if you choose to franchise your fitness business. 

1. Rapid Growth 
Franchising your fitness business can be a cost-effective way to grow and expand your business at a rapid rate. When you open a gym or fitness club, you usually have to invest in the equipment, the building, staff, and more. When you franchise your business, someone else is using your business model, branding, and method. They are investing their money into your business growth. A successful franchise location leads to additional profit and royalties as well as a growing fitness empire.  

2. Receive Franchise Fees and Royalties 
As a franchise owner, when a fitness franchisee invests in your franchise, they cover the costs. A franchisee finances the business venture. While they will receive income and pay their own way, you will receive royalties and franchise fees, and potentially a mark-up on products if you were to sell your own brand products. The initial investment, franchise fee, and royalty fee can differ from one brand to another. You may need to consult and offer additional support in the beginning, so you can think about how you will offer your services. During the i

Comments

Post a Comment

Popular posts from this blog

Some evidence shows omicron appears in your throat first. Should at-home Covid tests change?

  Some evidence shows omicron appears in your throat first. Should at-home Covid tests change? As omicron cases continue to sweep the United States, the Food and Drug Administration is being urged to gather more information about how well at-home Covid-19 tests are able to detect the variant. Evidence suggests the omicron variant of the virus may appear in the throat before it shows up in the nose. For this reason, there’s been pressure on the FDA to recommend swabbing the throat with the nasal swabs. But medical experts argue that anecdotes from people who test negative with a nasal swab at home but then test positive with a throat swab can be misleading. FDA officials say there isn’t enough data to support the practice.  “We do know the tests are picking up on omicron, but with less sensitivity,” acting FDA Commissioner Dr. Janet Woodcock said during a Senate Health Committee hearing Tuesday. “What we need to do is to see whether the throat swab could provide more sensitivit...
Post a Comment
Read more

Why Getting COVID on Purpose Is a Dangerous Idea

  Why Getting COVID on Purpose Is a Dangerous Idea Jan. 13, 2022 -- As COVID-19 cases from Omicron in the United States have skyrocketed to what seems like new records every other day, speculation is rising among some experts and scientific novices alike that infection for many seems unavoidable. MORE FROM THE WEBMD NEWSROOMl Asthma, Pneumonia and Other Lung Diseases Explained Symptoms of Coronavirus What Happens When You Get Coronavirus? In a Senate hearing Tuesday, acting FDA Commissioner Janet Woodcock, MD, even told the panel, "most people are going to get COVID." In mid-December, World Health Organization Director Tedros Adhanom Ghebreyesus, PhD, said vaccines alone won't protect us against Omicron. In late December, an epidemiologist told BBC News: "We have to be realistic; we are not going to stop Omicron." Now, posts are popping up on social media resurrecting ideas similar to chickenpox parties, where you intentionally mingle with infected people. One r...
Post a Comment
Read more

How to use a gym trial to sign up new members

  How to use a gym trial to sign up new members As a gym, the ongoing challenge to find new members is real. A tried and tested method for attracting new members is a gym trial. Free and paid gym trials both have advantages and disadvantages. But, how do you not only get customers to sign up for your gym trial but actually keep them coming back after one visit? Several factors influence the success of your gym trial. Do your visitors get what they expect from you on their first visit? Are you attracting the right kind of customers to your gym trial offer? These are key questions you need to ask yourself. By breaking down the process of using a gym trial, we can begin to understand how you can effectively sign up members in your business. Implementing the right approach for your business is key to a successful gym trial.  In this article we will look at what a gym trial is, factors to consider when using a gym trial and how to use a gym trial successfully.  Skip ahead to: ...
Post a Comment
Read more