Bank support helps gym franchise get off the ground

Anytime Fitness’ latest franchise has opened in Grove Park, south east London with the support of a £446,000 finance package from NatWest.

The funding has enabled former corporate finance consultant Amir Malik to purchase the franchise and redevelop a dilapidated warehouse as a multi-purpose gym.

Banks familiar with the concept of franchising are more likely to lend to prospective franchisees who want to invest in a proven brand, compared to an individual requiring funds for an independent start-up.

Amir will run the gym alongside a team of four full-time members of staff and two self-employed personal trainers.

Once established in Grove Park, he hopes to open another Anytime Fitness gym and is in the process of looking for a location for his second site.

Amir says: “I don’t have an entrepreneurial background, so a franchise seemed like the perfect transition to running my own business.

“I identified the Anytime Fitness business model as a strong option and thanks to the support and funding from NatWest, I have been able to pursue this business venture.

“I look forward to welcoming new and current members over the coming months.”