Is now a good time to invest in a fitness franchise?
Brian Duckett writes:
That’s a question better asked of a fitness sector expert, the franchisor in question or its franchisees, but it serves to make the wider point that research is vital into all aspects of the business into which you are thinking of investing.
There seem to be a lot of fitness franchises around at the moment and many of them seem to be expanding quite rapidly, but whether that makes it a good or bad time to invest I cannot say.
The best way to decide is to ask the various franchisors’ staff as many questions as you can and to back that up by meeting or speaking with as many of its existing franchisees as possible. Take a wide sample of those who have been in the system a long time and those who have recently joined, even with some who have left if you can track them down. The process is much easier these days, thanks to the various search engines and social media.
Remember, however, that you can’t please all the people all the time, so be prepared to find some franchisees who found the opportunity wasn’t quite what they expected. That doesn’t mean it’s not a good time for you.
Brian Duckett is chairman of The Franchising Centre, part of the world’s largest network of specialist franchise consultants.
You might also be interested in
Shelley Nadler writes: Franchise agreements in the UK are often for a fixed term of five years,... read more
Louise Harris writes: Franchising a business is not always the right or easiest route to expansion... read more
John Pratt writes: With great care - or at least they should select franchisees on that basis.... read more
Alan Wilkinson writes: Franchises come in all shapes and sizes and can be found in most sectors... read more
Exciting Franchise Opportunities
Request Free Information
Send a free enquiry to Snap-on Tools for further information!
Request Free Information
Send a free enquiry to Techclean for further information!
Request Free Information
Send a free enquiry to What’s On In for further information!
Request Free Information
Send a free enquiry to Expense Reduction Analysts for further information!
Request Free Information
Send a free enquiry to CUPP for further information!
_59_29_80_s.jpg){kind=logo}
_59_59_80_s.jpg){kind=logo}
_high_res_(1)_59_33_80_s.jpg){kind=logo}
_59_26_80_s.jpg){kind=logo}
