Boutique fitness business TRIB3 offers a fast break-even and huge brand loyalty
I’d love to get into that industry, but I have no experience in it. Isn’t that a bit of a risk? This is a qualm franchisors hear a lot. But you don’t need hands-on experience to move into a new sector.
What you need is a franchisor with robust levels of experience in the industry, so you can have confidence in the support and training offered.
There are several different fitness models out there, of which boutique fitness is the fastest-growing arm.
As a rapidly expanding global fitness brand, TRIB3 was founded by one of the pioneers of the UK boutique fitness market, CEO Kevin Yates, and the support team working with him has over a century of combined experience in the sector.
Many of the first franchisees to join TRIB3 had little or no working experience in the industry but came with a tremendous passion for fitness that, underpinned by over 150 hours of dedicated training and ongoing support, translates to continued next-level results.
Passion for the product
Fitness, as with other experiential franchise offerings, is all about passion for the product.
As part of selecting your preferred franchisor and concept, you need to try out the product, step into your prospective customers’ shoes and see if you love it as much as they do.
At TRIB3, the signature ‘one workout, one studio’ model is underpinned by proprietary technology, an unrivalled coaching team and cutting edge programming to keep customers coming back for more.
As you start the journey to becoming a TRIB3 store owner, you’ll have a dedicated site tour where you’ll take part in a session, meet the store team and coaches and see what makes TRIB3 stores so inherently shareable. This is a key part of making sure the business model makes you feel excited and empowered for the future.
While it has been a challenging 12 months for operators of all shapes and sizes across the fitness industry, there has been a renewed and robust spotlight placed on fitness and the positive role it plays.
Demand for connection
The demand for connection and experiential fitness offerings is expected to flourish even more as communities ease out of COVID-19 related restrictions.
TRIB3 harnesses the most powerful social elements of the intimate boutique model and fuses them with a unique studio design that maximises space.
The result? A +48-spot studio that allows for a fast break-even and creates powerful communities with huge brand loyalty.
A recent TRIB3 franchisee, who opened in August 2020 in the midst of the pandemic, achieved breakeven at month two of trading.
With the right business model in an industry set for growth, you can feel confident you’ve got a formula for success. A passion for fitness and the right franchisor is all you need to step into this exciting side of franchising. Your future in fitness is waiting.
At a glance TRIB3
Number of franchised outlets:
Locations of units:
UK, Spain, Russia, Finland, China, Republic of Ireland (coming Q3 2021) and the Netherlands (coming Q3 2021)
£232,000-£422,000 depending on location and specification
Minimum required capital:
£137,000- £309,000. Cash requirement can be reduced by around 50 per cent with bank funding