Government health reports indicate that many unfit Americans wish they were fitter. This may be one of the reasons for the increase of kickboxing gyms around the country. Most gyms you will come across of franchises of well-established brands. The gyms provide customers with a number of workout options and professional training equipment that are quite expensive to buy and set up for personal use at home.
The number of registered gyms and health clubs around the country is estimated to be over 30,000. Over the last 10 years, most gyms have been seeing an increase in uptake of paid memberships. With more people living a sedentary work life, gyms have become a necessity for anyone wishing to get fit, stay active and healthy.
If you want to get involved in kickboxing gym business, consider purchasing a franchise option. Running an independent gym has its benefits. However, opting to get a franchise of an established company also comes with its benefits.
Among the things to consider before getting a gym franchise include:
i) Gyms are expensive to start
There are various costs you are likely to incur when you decide to get into a gym franchise. Apart from this, residual fees to the corporate office may apply.
You can end up spending from $30,000 to $300,000 to start a franchise gym. The fees you will be charged will usually include the cost of using the franchise name. The fees charged for the franchise name can go up to $30,000.
The gym brand you will go with will determine how much you will end up paying in terms of franchise fees. When evaluating different kickboxing gym franchises, check the financial requirements of different brands. With some franchises, you may need millions of dollars to get started with a gym. Sometimes, location can determine how much you will end up paying. Costs are likely to increase if you will be purchase equipment from the franchise.
Cost is another factor to consider when you want to start a gym franchise. To continue using a gym brand name, you will have to pay some royalty fees. With some franchises, your monthly royalties may reach $500 or more. Other franchises may charge you a percentage of the gross revenues you will be making. The brand name you are using can be a huge deal breaker for new customers. When you are a franchise of an established brand, marketing your gym will be easier.
ii) Location of the gym
You should also consider the location where you would like to start a gym franchise. Make sure the location is both accessible and convenient. Most gym goers prefer gyms that are closer to their workplaces or homes.
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