Are you possessed of both a business-oriented mind and a health-oriented heart? If you’re the kind of person who is passionate about helping people improve their health, reduce their stress levels, and live longer, healthier lives, you’re halfway there. If you’re also the kind of person who loves watching your money grow and your business expand, there are a wealth of lucrative health and fitness franchise opportunities for you to choose from.
Fitness Is Big Money
Fitness franchise opportunities come in an enormous variety. For the past several years, the leading success stories have been lean, low-staff operations that offer a wide variety of generic services (AnyTime Fitness, Snap Fitness, Planet Fitness), and specialty operations that focus on a single core audience (Curves) or a single core service (Hot Yoga). The fitness market is so robust that even highly-specific franchises can succeed in the right communities.
Why Franchise When You Could Start Your Own Business?
Simply put, while fitness is a big market, it’s also one that’s rather full of what might politely be called “snake oil.” There are an enormous amount of fitness concepts out there that are less than legitimate, and people have generally been exposed to enough ill-conceived health and fitness concepts that they’re a little leery. That means the brand recognition that comes with an already-successful, pre-marketed concept is often the difference between having your startup derided and having your franchise become highly successful.
Why Fitness When You Could Franchise Into Any Other Industry?
Ideally, as a franchisee, you’re looking for an area you already have a passion for. If you’re the kind of person who keeps up on the latest news on nutrition, martial arts, sports training, or any other fitness-related topic, fitness can be your opportunity to pivot that passion from a hobby to your living. If you’re more interested in what kinds of fantastic flavors you can pack onto a sandwich, there are plenty of those franchises out there as well. You should be picking your franchise because of your passion, not in spite of it.
What Are the Pros and Cons of Fitness Franchising?
- Con – It Requires Obedience: Any franchise you get into is going to necessitate following a strict business plan — deviate more than is allowed, and you could have your franchise contract rescinded.
- Con – Fitness is a Volatile Industry: Some fitness concepts, like yoga and high-intensity interval training, take off like wildfire. Others, like tae-bo and step aerobics…not so much.
- Pro – The Market is Endless: In a country where two-thirds of the adult population is at least ‘moderately overweight’ or worse and even the senior citizens are ever-increasingly-obsessed with looking and feeling ‘right,’ there’s never a dry well in the fitness industry.
- Pro – It Can Be a Relatively Hands-Off Business: No franchise is ever “set it and forget it,” but a fitness franchise can, if you hire carefully and budget well, be the kind of business that you don’t need to be present every day — or even most days. Especially once you reach the break-even point, hiring managers that can handle the day-to-day and let you focus on the big picture is relatively easy.
Is a fitness franchise right for you? And if so, which one? You may have a pretty good idea if you can answer “yes” to the first question. But once you know you want to get into a fitness franchise, there are literally hundreds of concepts out there to choose from. To receive an objective assessment of your available opportunities, it is wise to work with a franchise consultant. Franchise consultants have work with hundreds of the top brands in fitness and a wide range of other industries. Through a unique and proven consulting process, they can help you decide which franchise is right for you.