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 have various workouts, from classes to machines, which most people can’t keep at home.
From recent data available, the country has more than 30,000 registered health clubs and gyms. The last 10 years have seen many gyms introduce paid memberships to their members. With more people living a sedentary work life, gyms have become a necessity for anyone wishing to get fit, stay active and healthy.
If you would like to open a gym, there are various franchises you can consider. There are many benefits of having an independent gym. However, it is also important to check the benefits of a franchise gym before opting to run an independent one.
Here are some factors to keep in mind before going with a gym franchise.
i) Cost of starting a gym
Before you start a kickboxing gym franchise, you should know of the costs you are likely to incur. You may also have to pay some residual fees to the corporate office to operate a gym franchise.
The cost of starting a kickboxing gym franchise can run into hundreds of thousands of dollars. You will also have to pay a one-time fee to be allowed to use the franchise name. This fee usually ranges from $15,000 to $30,000.
The gym brand you will go with will determine how much you will end up paying in terms of franchise fees. When evaluating different kickboxing gym franchises, check the financial requirements of different brands. Some of the well-established brands may have capital requirements running into millions of dollars. The amount you will end up paying may also depend with where the gym will be located. If you will be getting equipment from the franchise, the costs are likely to go up.
Cost is another factor to consider when you want to start a gym franchise. You will need to pay regular royalties to the gym franchise brand. Some gym franchises will require you to pay $500 or per month in royalties. Other franchises may charge you a percentage of the gross revenues you will be making. Whether or not customers will come to your establishment will mainly depend on the brand you choose. Apart from this, it is easier to market your gym when you are a franchise of an established gym business.
ii) Consider the gym location
Another important thing to consider before starting a gym franchise is the location. Make sure the location is both accessible and convenient. Most gym goers prefer gyms that are closer to their workplaces or homes.