When starting a fitness business, it’s impossible to avoid the welcoming opportunity of franchising with an already established brand. Ready to roll business plans, existing brand identity, a loyal customer base and a strong start in the market are all genuine reasons why franchises hugely appeal to new entrepreneurs.
The advantages are endless, especially for first time business owners, so as long as you deeply believe in the mission, purpose and daily operations of your chosen franchise, and are ready to share your profits (anything from 5 – 20%) with the parent company, then franchising in the UK fitness industry could be a huge opportunity for you.
Franchising is a business model in which a company (the franchisor) grants permission to another party (the franchisee) to use its business model and brand name in exchange for a fee. This can be a great way to start a business, as it allows you to tap into the franchisor’s experience and resources.
The fitness industry is a popular choice for franchising, as there is a high demand for fitness services. There are many different types of fitness franchises available, from gym franchises, to personal training businesses, to disruptive concepts like biolabs and EMS fitness franchises.
The Key Advantages of Owning a Franchise Gym
There are many advantages to owning a franchise gym. Some of the key advantages include:
While there are many advantages to owning a franchise gym, there are also some downsides to consider. Some of the key downsides include:
There are pros and cons of franchising. Owning a franchise gym can be a great way to start a business in the fitness industry. However, it’s important to weigh the advantages and disadvantages before making a decision. If you’re looking for a business model that offers a proven track record, brand recognition, and support from the franchisor, then franchising may be a good option for you. However, if you’re looking for a business that offers more freedom and flexibility, then you may want to consider starting your own business from scratch.
At XBody, we offer the support of a franchise with absolutely no fees or profit shares. Open your XBody Studio or create your own brand with our full support. Thanks to our market leading EMS technology, we can help you build a progressive, professional and profitable business model that gives you the lifestyle you desire while you change thousands of lives through fitness and wellness. Get in touch to unlock the fitness business you’ve been dreaming about.