Franchising 101 – Empowering Lives one Workout at a Time: The GYMGUYZ Way – Episode 167
In this episode of Franchising 101 Tim Parmeter, Founder & CEO of FranCoach welcomes Josh York, Founder and CEO of GYMGUYZ, a pioneering franchise […]
600FRANCHISES SPANNING NEARLY
70INDUSTRIES
Skip the hassle – fill out the form to the right and let our experts guide you. Plus we’ll text you a link to an essential guide: ‘10 Things Fitness & Sports Franchisees Wish They Had Known Before Investing’.
Alternatively, read on to delve into the detailed fitness and sports franchise industry data provided below to help you make a more informed decision.
Geoff Zak
Cary Shields
Chandler King
Over the past five years, the franchise industry saw an increase in the number of units. However, Entrepreneur’s data indicates that this growth was uneven across different sectors. The Health and Wellness category shows a remarkable 52.3% increase.
Other categories that also experienced more robust expansion are tech businesses, pet services, and home improvement.
In this episode of Franchising 101 Tim Parmeter, Founder & CEO of FranCoach welcomes Josh York, Founder and CEO of GYMGUYZ, a pioneering franchise […]
There are two words that our clients will sometimes use once we get to the point in our process we call the Discovery Process. This is the point at which […]
This week on Franchising 101, FranCoach Founder & CEO, Tim Parmeter, answers another frequently asked question about becoming a franchise owner: […]
The personal service franchise industry has experienced remarkable growth in recent years, driven by an increasing demand for personalized and convenient services. This sector, which encompasses a wide range of businesses including home care, fitness, sports training, tutoring, and beauty services, has attracted entrepreneurs looking to capitalize on the burgeoning market for tailored, one-on-one services.
Advances in technology have further propelled this growth, enabling franchises to offer more efficient and customer-centric solutions. As consumers continue to prioritize quality and personalized experiences, the personal service franchise industry is poised for continued expansion, providing ample opportunities for new and established franchises alike.
stands as one of the leading and rapidly expanding fitness center franchises and operators in the United States. Its goal is to positively impact people’s lives by offering a top-notch fitness experience in a friendly, non-intimidating setting known as the Judgement Free Zone. They proudly operate in over 2,500 locations, serve 19.6 million members, and are present in 5 countries.
sets both its members and franchise partners up for success. Their workout is scientifically proven to produce results, and their tried-and-true development track record is evidence of an effective franchise formula. With nearly one million members and over 1500 around the globe, the Orangetheory Fitness Franchise is just getting started in its mission to bring More Life to more people.
In addition to the potential for an outstanding return on investment, owning a Crunch Fitness Franchise offers the chance to become part of a community of like-minded entrepreneurs. You’ll collaborate with an industry-leading team and system, enter at the ground level of the rapidly expanding full-size fitness brand, and engage in meaningful work by helping people adopt healthy lifestyles.
Boasting a vast network of 1,000 studios on four continents, Club Pilates Franchise stands as the world’s premier Pilates brand and studio franchise. For eight consecutive years, it has secured a spot on Entrepreneur Magazine’s Franchise 500 List and has frequently been featured in Inc. Magazine’s Inc. 5000 list. Club Pilates is at the forefront of the Pilates industry, committed to making the transformative benefits of Pilates accessible to everyone.
A senior care franchise offers a fulfilling opportunity to make a positive impact on the lives of the elderly. This franchise provides essential services such as personal care, companionship, and household assistance, allowing seniors to maintain their independence and quality of life. By joining this growing industry, you not only gain a rewarding business venture but also the satisfaction of supporting the well-being of seniors in your community.
Beauty franchise presents an exciting chance to tap into the thriving beauty and wellness industry. This franchise encompasses a range of services, including hair care, skincare, and cosmetics, catering to individuals seeking professional beauty treatments. With a proven business model and strong brand recognition, you can attract a loyal customer base and enjoy steady growth in this ever-evolving market.
Entering the travel and tourism industry becomes an exciting opportunity with a travel franchise. This franchise offers services such as travel planning, booking, and personalized itineraries for both leisure and business travelers. Capitalize on the increasing demand for unique travel experiences and benefit from a robust support system, helping you build a successful business while creating unforgettable journeys for your clients.
A recreational franchise covers a variety of recreational activities, from fitness centers and sports facilities to adventure parks and family entertainment centers. With the growing emphasis on health and wellness, you can attract a wide range of customers looking for fun and engaging ways to stay active and entertained, all while building a thriving business.
A common misconception in the franchising industry is that aspiring franchise owners must have hundreds of thousands of dollars in cash and a net worth exceeding $1 million. However, this is far from the truth. There are many franchise opportunities available at a much lower cost.
FranCoach will help you learn what to expect from different types of franchises, including total investment ranges that cover both the franchise fee and the initial start-up costs necessary to launch your business.
Investing in a fitness and sports franchise requires consideration of various factors, including initial investment, ongoing costs, and potential returns.
This question isn’t just for kids anymore. Many of our clients find themselves at a career crossroads, asking the same question you might be pondering now. You don’t have to navigate this path alone.
At FranCoach, our team of experienced franchise consultants is ready to assist you. With decades of collective experience, we have successfully guided both novice business owners and seasoned entrepreneurs in finding the ideal franchise opportunities that suit their needs.
Discover more about our skilled team and gain insight into the individuals who will be supporting you on your journey to franchise ownership.
Tim is the founder and CEO of FranCoach, and he has been working with clients for over nine years. He […]
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Alison is a seasoned professional with a strong background in the corporate world and a deep understanding of psychology. With an […]
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Jess transitioned into FranCoach after years in the mortgage industry, before which she worked in middle school education. Jess has […]
Read MoreStephen, Arizona“You have nothing to lose by having a conversation with FranCoach. Worst-case scenario, you discover you don’t want to touch this with a ten-foot pole. But best case, you figure out, hey this might be something for me and there are some possibilities here.”
Geoff, Pennsylvania“I remember when I first started exploring the idea of franchises and I found the Franchising 101 Podcast. I just got hooked. There were such good snippets of information and I started eating through them and listening to them all the time.”
Ryan, Alabama“The conversation we had, just on that first call, when you said, ‘Tell more about Ryan, what flips your switch, what gets you out of bed in the morning’… it was really important to me to know those things upfront.”
George, Pennsylvania“One of the lessons that I learned very quickly was to focus on what is driving you as an individual. What makes you get up, and what do you want to get up and do every day?”
Michael, Indiana“If you have questions, if you want answers, or if you’re not sure if it’s for you – there’s no reason not to reach out to FranCoach.”
At FranCoach, we are focused on helping you determine IF franchising is the right path for you – and if it is, we will then guide you to finding the right franchise for you. Many brands seem similar on the surface, but when you peek behind the curtain, you will see stark differences in the roles of owners, the structure of the businesses, the staffing, and so much more.
With our decades of experience in the franchising industry, we can help you sift through this information to find a franchise that aligns with your goals, skills, and values. Your coach will guide you through the Discovery Process to determine your vision for what you would like to do every day and what kind of business you would like to own. Then, we will offer a selection of franchises that match these criteria and help you select the best option for YOU.
There is a big misconception in the world of franchising that you need millions of dollars in the bank in order to start a franchise. Guess what? That’s not true! Many of our clients here at FranCoach have a net worth of far less than $1M. The average single-unit total investment cost of the franchises we work with hovers around $200K, and several of our franchisor partners offer a total investment under $100K.
But even those numbers exceed the actual cash you need to have on hand. There are many funding options available to make franchise ownership accessible for virtually everyone – and at FranCoach, we will help you find the funding option that’s right for YOU.
In stark contrast to the corporate world, franchisors typically do NOT require their owners to have specific industry experience. Franchisors are seeking talented individuals to work ON the business rather than IN the business. They are more focused on transferable skills, the drive to succeed and work hard, and a history of success regardless of your industry. Plus, franchisors offer extensive training and support programs to educate each of their new owners – they want you to succeed just as much as you want success for yourself.
UItimately, finding success as a franchise owner boils down to finding the right fit. At FranCoach, that is exactly what we are focused on. Our role is to match you with a franchisor that shares your goals and values and is looking for an owner with your unique skill set. Industry is one part of the equation, but it is a relatively small consideration.
Great news: There are plenty of funding options that can help you achieve your goal of franchise ownership. From the ROBS (“Retirement Rollover”) Program to SBA Loans to HELOC and Portfolio Loans, there is a smorgasbord of funding possibilities available to you.
At FranCoach, we have relationships with leading franchise funding partners. We will educate you on all of the potential paths available to you to finance your business – and we will help you get connected with the people who can make it happen.
Unlike salaries in the corporate world, your earnings as a franchise owner are completely up to you. Want to make more? You can always keep growing and expanding, stacking multiple brands or adding new territories of the same brand. Comfortable with where you are at? There is no pressure to take on more responsibilities. Both the ceiling and the floor of your earnings are finally in your own hands.
Contrary to popular belief, you CAN keep your job and own a franchise. Many of our franchisor partners can accommodate what is called “semi-absentee ownership,” which typically requires a time commitment of 10-15 hours per week overseeing and managing your business. If you are interested in learning more about franchise opportunities that offer this level of flexibility, get in touch with us today to schedule an introductory call. We would be happy to introduce you to some of our semi-absentee partners.
There is never any fee to work with FranCoach. How is that possible? We are partnered with over 600 franchisors, and we act as talent scouts to find them their next incredible franchise owners. Maybe you are one of them.