6 Benefits of Running a Health and Fitness Franchise
There are plenty of reasons why you might invest in a Health and Fitness Franchise. At The International Franchise show in April of next year, you can learn all you need to know about starting a franchise or investing in a pre-established one. Below are the benefits of running a Health and Fitness franchise:
If you have a passion for keeping fit and looking after yourself, you are likely to find this kind of franchise incredibly rewarding. You’ll have access to the facilities yourself if you decide you want to have a more hands-on role. However, you also will be having a large impact on other people’s lives when they come to your gym or facility trying to make a change. You are a part of their journey of further development and self-care. This can be an honour and incentive enough in itself.
By investing in a pre-established franchise you are buying into an already successful business model that works well and has found its feet. There will be guidebooks, training, and advice from the franchisor who can help you every step of the way on your journey. This means that there is less risk associated with this venture when compared to going it alone and founding your own startup.
Loyal customer base and recurring revenue
By running a gym franchise you have customers who will purchase a gym membership from you. This will be a payment that is received every month. With a large pre-existing customer base, you are guaranteed to have consistent and recurring revenue.
Multiple streams of income
With a fitness franchise, not only would you be gaining income from membership subscriptions but depending on the facility you might have a restaurant or a cafe, a shop for merchandise or supplements, personal training opportunities, or specific classes you run. All of these things ensure that aside from your general income, there are other streams that you can tap into to make your franchise as profitable as possible.
The Industry is doing well and continuing to grow
Current industry trends indicate that the Health and Fitness industry is more popular than ever and continues to thrive year after year. There will always be a demand for gyms and fitness facilities. As it stands, according to Statista, there are over 7,000 health and fitness clubs in the UK, with over 10 million people holding gym memberships. Now would be a great time to become a franchisee.
Health benefits for you
If you are in an environment where people are engaging in physical activity, you may find you can get involved yourself. There are numerous, incredible benefits of exercising, some of which can dramatically impact and improve your life. It can help lessen symptoms of depression and anxiety, help you to lose weight, reduce the risk of illness and disease, and can help you to live longer.
These are just a few of the reasons why investing in or starting a Health and Fitness franchise may be an especially lucrative venture. If this has captured your interest why not come along next April and speak to current and future franchisors and franchisees? Find out if this is the path for you.