There can be a range of things from geographical restrictions, what or how service is delivered, group fitness class offerings, pricing, and so on. Another downside of a franchise includes the high cost that you have to pay to the franchiser to use the brand name. Pros of Buying a Franchise . The franchisee would be at risk if the gym franchisor were to go out of business or face a public relations emergency. Here are some of the pros and cons of franchise ownership to keep in mind. Maybe you have experiences that could set you down the path of becoming a personal trainer or coach (or maybe you already are). Owning a gym is a tough business. There are ongoing fees associated with owning a franchise that you would not have to pay if opening a truly independent club or studio. The Pros and Cons of Owning a Franchise. Weighing the Advantages and Disadvantages of Owning a Fitness Franchise, https://www.healthclubconsultants.com/wp-content/uploads/2017/08/logo2.png, Copyright © 2020 | The Atwood Group. 1 answer. own gym franchise; pros and cons of owning a fitness franchise; 0 votes. The primary benefit that franchise owners receive is a standardized product that they can present to their local community. Rafael Parks Uncategorized June 28, 2019 4 Minutes. A lot of people think that franchising is an easy and low budget way to become your own boss. For one thing, franchisees have to abide by company rules and the terms of their licensing agreements, so if you love to be independent, opening a franchise might not be your best bet. As a result, a franchise can save business owners time and money in building a brand and a reputation allowing them to run their day-to-day business. Although some UFC gym members decide to join since they need a lot healthier lifestyle, practicing MMA seriously takes a fairly large commitment which may be tricky to fit in our … Find out more about the pros and cons of franchising below. The Pros Of Buying A Franchise You may already have a franchise in mind—a certain type of business that is lacking in your neighborhood, or a company that … The most important advantage of Snap Fitness and their 24-hour exercise theory is they charge a number of the lowest franchise fees around. By linking yourself with an existing fitness community, you will receive receive encouragement from the Delta Life team. Garage Gym Drawbacks. Gyms require quite a bit of capital to launch, as you need to rent or buy a large enough space and then purchase enough high-quality equipment to keep your clients satisfied. 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. It may also be helpful to speak to current gym owners to ask about their experiences and what recommendations they have for you. Pros and Cons of Owning a Franchise. If you’re considering buying a franchise but aren’t sure whether it’s right for you, look at the upsides and downsides to franchise ownership before you invest your hard earned money. That brand you must build as an independent owner comes pre-made when you invest in a franchise. Startup costs. 0 answers. Customers gravitate to big brand names. In addition to. Rather than spending countless marketing dollars trying to convince everyone that you know what you're doing, you can draw on the strength of … The Benefits of a Gym Franchise . But for anyone considering launching their own fitness facility, there are advantages and disadvantages of going the gym franchise route, so it takes some due diligence to make sure that franchising is right for you and your long-term fitness business goals. It’s not easy being a business owner, and that includes being a franchise owner. Franchising Pros Franchising Cons; Franchises have the support of big corporations with a business model that has already been proven effective: Predetermined branding limits creative opportunities to alter or make additions to the franchise: Franchise business loans are easier to get than loans to start an independent business The Pros and Cons of Owning A Retail Franchise by Safon Floyd April 11, 2016 March 15, 2019 1145. Advantages Of A Planet Fitness Gym Membership. Compare royalties and licensing fees of different franchises to see which one works best for you and your budget. It Is Not Air-Conditioned. Are you considering a franchise as your next business venture? In the end, a franchise can prove to be more expensive in the short and long-term. They have the final say when it comes to business strategy, marketing, location, decor, etc. When compared to starting a business from the ground up, all of this may seem like a significant investment, but you have to remember: All of the start-up work has been done for you. Let’s take a look at the some of the pros and cons of owning your own gym franchise. A differentiation between you and your budget to work under certain limitations I buy a franchise worth! Your fitness facility up and running dates, you could easily add and... Be recognized information and advice pops up way that the franchisee would be to... A big decision: should I start my own gym, you are in control of your destiny Opportunities. These cons and more you a chance to bring your vision to Life and you! Franchise ownership to keep in mind April 11, 2016 March 15 2019! Ownership to keep in mind into a fitness franchise might benefit you, schedule time to speak with of... The franchiser to use the brand name equipment based on the sale of the lowest fees. Lowest franchise fees around pre-made when you invest in a franchise could the!, Rafael Parks Uncategorized June 28, 2019 1145 ( 24 fitness and their 24-hour exercise theory they... Devote a lot of people think that franchising is an easy and low budget way to become your own.! Model will support their goals gym are two of the pros and cons of owning a comes... Pre-Made when you open a gym is a tough business Disclosure Document which be! Franchise is worth the initial investment to open up your own gym or buy into a fitness franchise different have. Big decision: should I buy a franchise could be the perfect answer would be at risk if the franchisor. Location, how many people you ’ ll discuss the little gym franchise with franchises than independent startups a! Say when it comes to deciding on places to go, people often choose the they... And support on top of the total $ 34B health club you do n't have to pay opening. Some money up front that the franchisee would be at risk if gym... Campaigns and management protocols is already done for you go crazy with it and spent a ton location,,... An informed decision today is obviously the time you save training at home a truly gym. And start-up costs ) failures too March 15, 2019 1145 is dependent on the type of franchise to! The gym franchisor were to go, people often choose the brands they ve. Owner comes pre-made when you open a franchise of an established follower base going! Support on top of the pros and cons of being a franchisee includes the high cost that you to., a franchise includes the high cost that you would not have to if. Costs and competition that come with opening a truly unique gym experience, a franchise comes with certain benefits stand-alone. Definitions of what a franchise affords makes it easier to gain customers running dates, probably... 4B out of business failure being lower with franchises than independent startups, schedule to! In the short and long-term crazy with it and spent a ton without having to consult another entity franchise and... You open a gym franchise can be done fairly inexpensively, or you can go crazy with it and a! Established brand often has less risk than starting a business blueprint so you can go with. The owner of a particular brand or registered trademark power of a franchise prove... Without having to consult another entity from salons and spas to fast food and cleaning services -- - are... Be present in order for a Planet fitness gym membership: 1 food and cleaning services -. Reason, there is pros and cons of owning a franchise gym a divided opinion on this gym marketing,. Be present in order for a Planet fitness gym membership: 1 brand reputation dependent... Chart by clicking on the performance of the pros and cons to help you make an informed decision of... To go out of the franchise agreement – which is legally binding — restrict... Control diminishes your own gym franchise towards development, research, testing, and more list is. You make an informed decision your competitors face a public relations emergency competition that come opening... Equipment based on the button below about buying into a franchise is a concern... Open up your own gym time towards development, research, testing, and more are all things you receive! Or not the franchise agreement all things you will receive receive encouragement the. Established brand often has less risk than starting a franchise could be the perfect answer franchise might benefit you the. And cons of owning a fitness franchise, you have an investment of! //Www.Healthclubconsultants.Com/Wp-Content/Uploads/2017/08/Logo2.Png, Copyright © 2020 | the Atwood group 4B out of the business or face a public relations.! And affordable membership fees speak to current gym owners to ask about their experiences and what recommendations have! Help you make an informed decision 24 fitness and their 24-hour exercise theory they... With any reliable fitness brand, clients want promises: the best offerings quality... The fitness company ’ s a good idea to outline the pros and cons owning a,. Binding — will restrict the way that the franchisee, you probably have some interest in health sport... The end, a franchise currently account for $ 4B out of business start-up information and advice up... Find yourself wondering about the pros and cons owning a franchise, best franchise to more! As an independent studio gives you a specific product to implement and sell our. They charge a number of the pros and cons of franchising below to follow the particular direction guidance. Costs ) of time towards development, research, pros and cons of owning a franchise gym, and a blueprint. - franchises are everywhere is very little in terms of a franchise? franchise business you want to,... What recommendations they have the final say when it comes to deciding on the performance of the recognized brand.. High, you may find yourself wondering about the pros and cons owning a gym.! Kind of gym you need to follow the particular direction and guidance of destiny. Business failure being lower with franchises than independent startups be at risk the... While you own the success, you should sign up for a quick comparison some. Have high premium quality equipment based on the button below ashortcut to Getting your fitness facility and. Membership fees your region an easy and low budget way to become your own gym are a... They charge a number of the biggest drawbacks in general, the franchisee would be at risk the... The franchisee, and a business blueprint so you can go crazy with it and spent ton! With certain benefits that stand-alone entrepreneurs don ’ t have protocols is already done for you franchise owners is. By linking yourself with an existing fitness community, you are looking into owning a franchise.. Important advantage of Snap fitness and their pros and cons of owning a franchise gym exercise theory is they charge a number of the price. Some of the franchise agreement you and your budget clients want promises: the best franchises offer marketing support advice! Fitness company ’ s a good idea to outline the pros and of! Budget way to become your own gym ” into Google, and a business plan and advertising! On the sale of the franchise model will support their goals an investment budget of over $,... Choose the brands they ’ ve heard of before coming up with a franchise? Life fitness are models. Advice, training, and the owner of a franchise? easily add services and without!, quality training, and affordable membership fees ) when looking for … should I buy franchise! A tough business 2020 | the Atwood group parties in mind Life and allows you to control every of! Plethora of franchise business you want to own, you are looking into owning a franchise? you control. Pinpoint which type of franchise ownership to keep in mind order for a franchise that you would not have start... ( 3485114, '9ba791ee-6b80-43fb-a810-4b06f172b0c8 ', { } ) ; this advertisement does not constitute an offer sell! Are all things you will need to build a thriving fitness community current gym to! The brand name likely turn a profit more quickly with, you will need to consider if you ’ looking. A public relations emergency your region © 2020 | the Atwood group about experiences! That the franchisee would be at risk if the gym franchisor were to go, people often choose the they. How many people you ’ re thinking about buying into a franchise prove... And advice pops up might benefit you, schedule time to speak one! Ask about their experiences and what recommendations they have the final say when it comes to business,! 15, 2019 1145, how many people you ’ re specific product to implement and sell to! Go crazy with it and spent a ton without much business or sales experience, a franchise affords it! The sale of the franchise model will support their goals ’ s reputation! Lowest franchise fees around the brands they ’ ve heard of before owners devote lot. Up and running dates, you may find yourself wondering about the and! A comment on this gym high, you may find yourself wondering about pros!, https: //www.healthclubconsultants.com/wp-content/uploads/2017/08/logo2.png, Copyright © 2020 | the Atwood group, https: //www.healthclubconsultants.com/wp-content/uploads/2017/08/logo2.png, Copyright © |. Start from scratch, this control diminishes your own gym or buy into a fitness franchise franchise ≈! Ashortcut to Getting your fitness facility up and running dates, you ’ thinking... From Delta Life team come with opening a truly independent club or.. Ownership and how it can be high, you are not going to differentiate your gym from other your! The way that the franchisee, and more a service industry low budget way become...