Choosing Gym Franchise . Let’s get started! Cons of Owning a Gym Franchise. Buying into a franchise offers more security and support on top of the recognized brand name. Start-up fees can seem particularly high when making the decision to open up your own gym. Gym franchises currently account for $4B out of the total $34B health club industry in the US. Others ask for percentages of monthly profits. When you open a franchise, you don't have to start from scratch. Compare royalties and licensing fees of different franchises to see which one works best for you and your budget. Franchising Cons. Rafael Parks Uncategorized June 28, 2019 4 Minutes. First up on our list today is obviously the time you save training at home! If you have an investment budget of over $100,000, you should consider opening a franchise gym. The trade-off is that while you own the success, you must own the failures too. In fact, the best fitness franchises lay groundwork in terms of equipment and vendors so you and your management team can focus on finishing touches and annual revenue. Lack of independence: When you join a franchise, you may own your location, but you are ultimately an employee of sorts of the franchisor. For this reason, there is often a divided opinion on this gym. Pros and Cons of Owning a Franchise. In general, The Little Gym … From salons and spas to fast food and cleaning services --- franchises are everywhere. own gym franchise; pros and cons of owning a fitness franchise; 0 votes. The cons of a franchise fitness center are almost the same as any other franchise ownership. You need to pay for insurance every month, and you can also expect a high power bill for heating or cooling … It really doesn’t matter though, as it’s some of the best money you’ll ever spend assuming you intend to live a healthy, active lifestyle for more than a few months after New Years Day each year. The Costs that Go into Franchising. The Benefits of a Gym Franchise. 0 (Image: iStock by Getty Images) When looking for … Rather than spending countless marketing dollars trying to convince everyone that you know what you're doing, you can draw on the strength of … To start with, you have got to pinpoint which type of gym you’re. At Delta Life, we recognize life outside of work is important; that’s why we have made it as easy as possible for you to get your gym started. Should I Buy a Franchise? With a franchise business, however, you have to check in and make sure these kinds of decisions are aligned with your franchising agreement. Buying into a fitness club or boutique fitness studio franchise can be seen as ashortcut to getting your fitness facility up and running. At the end of the franchise term, the franchisor could decide not to renew the franchise further, leaving the owner stuck trying to build a new fitness brand and all the costs that go along with that. There are ongoing fees associated with owning a franchise that you would not have to pay if opening a truly independent club or studio. Back to DeltaLifeFitness.comLocationsFranchise FAQPrivacy Policy, The pros and cons of owning a fitness franchise, While no business, franchise or not, is 100% guaranteed, franchise businesses have. Before buying a franchise, it’s a good idea to outline the pros and cons to help you make an informed decision. With a franchise, you have to work under certain limitations. The business location, how many people you’ll employ, and more. For a quick comparison of some different fitness franchises, download this comparison chart by clicking on the button below. Having a brand name backing you allows you to benefit from the collective buying power of the franchise when it comes to purchasing inventory and equipment. Another fiscal choice is to start a gym franchise. All rights reserved |, 5 Ways to Market for the New Year [plus a bonus], Making Your Gym or Studio Greener Can Boost Your Business, Health Club Operational Planning & Support, Buying or Selling a Health Club or Athletic Club, Create Change and Organizational Transformation, Skype roundtables for startups and management, Using Facebook Retargeting Ads to Grow Your Gym Membership, Using a Sales Funnel to Boost Your Membership Conversions. Securing funding for a health club franchise may be easier than starting from scratch as lenders can base decisions with the franchisor’s success included in the mix. Coming up with a business blueprint so you can hit the ground running location... Recognition is a service industry can hit the ground running their 24-hour exercise theory is they a. Investment budget of over $ 100,000, you are going to be expensive! Rate of business start-up information and advice pops up competition that come opening... 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