As the number of fitness customers increases, so too does the number of fitness fans looking to turn their passion into an exciting new career and in this article, we discuss how to choose a fitness franchise that’s right for you.
Nowadays, more and more of us are focusing on our physical and mental wellbeing in order to counteract the stress and strain of our busy lives. As a result, an increasing number of people in the UK are heading to gyms and leisure centres and joining exercise classes to improve their health and fitness
Which fitness franchise should I choose?
The great news for budding fitness professionals is that there are lots of options available these days, including personal training, gyms, and classes. An incredibly popular option among these professionals is the fitness franchise – an affordable and widely available option that often requires no special skills or experience.
Franchising is big business in the UK and allows individuals to start their own business by buying into a larger, established brand and opening their own branch or service outlet. For example, an individual may buy an Anytime Fitness Franchise. The individual pays an initial fee to Anytime Fitness to gain permission to open their own branch – and will then pay for company a percentage of their earnings.
The benefits of franchising
The price is right
Opening a brand new business can be incredibly expensive – particularly one which requires physical premises and equipment. While there are fees involved when opening a franchise business, these are generally considerably lower than the costs of starting a business from scratch.
Finding the funding
If you head to the bank with a business plan for a new, independent business, there’s a good chance that you’ll be shown the door rather than the money. In contrast, banks will usually be receptive to handing out business loans for franchises as these are considered a much safer bet
Running down risk
You’re never, of course, guaranteed success with any kind of business; however, franchises carry considerably less risk than brand new businesses as you’re buying into a company that is already established and has a proven success rate.
Starting a business from the ground up can be a pretty lonely affair, and, in many cases, you’ll come up against a number of stumbling blocks that will leave you feeling disillusioned. When hooking up to a franchise business, you’re also tapping into a great support network with help and advice from those who have been there, done that and bought the T-shirt.
When starting a new business, you’ll find yourself spending a huge amount of time and effort on sourcing suppliers and negotiating prices – not so with a franchise business. Your franchisor will already have supplier relationships in place so, not only will you save precious time, but you’ll also enjoy better prices due to the franchisor’s bulk buying discounts
Author: Will Frankling
Source: Franchise Local, https://www.franchiselocal.co.uk/news/how-to-choose-a-fitness-franchise-thats-right-for-you/