Benefits of Choosing a Kickboxing Gym Franchise
According to various studies, most Americans wish they were fitter than they currently are. This may be one of the reasons for the increase of kickboxing gyms around the country. Majority of the gyms are opened as franchises. 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.
It is estimated there are more than 30,000 health and gym clubs in the US alone. Over the last 10 years, most gyms have been seeing an increase in uptake of paid memberships. If you want to be fit, active and healthy, you should sign up for a gym membership.
If you want to get involved in kickboxing gym business, consider purchasing a franchise option. There are many benefits of having an independent gym. 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) High startup costs
Before you start a kickboxing gym franchise, you should know of the costs you are likely to incur. Moreover, there may be residual fees to be paid to the corporate office.
Starting a gym franchise can cost you quite a substantial amount of money, from $30,000 to over $300,000. The fee is inclusive of a one-time fee for the franchise name. This fee usually ranges from $15,000 to $30,000.
The amount you will pay for a gym franchise will depend with the brand you go with. You should check the financial requirements of the gym franchise you want to get. 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. If you will be getting equipment from the franchise, the costs are likely to go up.
When you want to start a gym franchise, it is also important to consider how much you will be paying. You will need to pay regular royalties to the gym franchise brand. With some franchises, your monthly royalties may reach $500 or more. With some franchises, your recurring costs will depend with the amount of revenues you will be making a month. Whether or not customers will come to your establishment will mainly depend on the brand you choose. You can easily market your gym when you are a franchise of a well-established brand.
ii) Location of the gym
Another important thing to consider before starting a gym franchise is the location. The best location for a gym franchise is a convenient and accessible one. Most gym goers prefer gyms that are closer to their workplaces or homes.