Thinking Of Opening A Gym Franchise? Here’s What You Should Know
Americans agree that a sedentary lifestyle, both at work and home, is dangerous to their health. They agree that a gym membership is necessary to battle the health results of such a lifestyle. Have you ever wanted to own your gym instead of just using one? You should know these things before starting a gym franchise.
1. Is Owning A Gym Right For Me?
Owning a gym franchise is the right thing for those who are passionate about physical fitness and helping people. If you have 24/7 availability and the commitment needed, then your gym franchise is perfect. It’s not for anyone who only needs part-time work. You have to want it.
2. What Training Will I Need?
While it’s not strictly necessary, a gym franchise owner should have at least a BS in:
>MS in Community nutrition and health
>MS in Exercise physiology and nutrition
3. The Legalities
Starting a gym franchise requires licensing, insurance, and any city, county, or state certifications. You’ll need a business license, a certificate of occupancy (to ensure the building and zoning codes are met,) and insurance to cover injuries while clients work out. At the very least, you’ll need liability insurance to protect you. Your city, county, and state business licensing offices can alert you to other needs to cover your business.
4. How Much Money Will I Need?
A new operation costs between $200,000 and $400,000. Some franchisees go through a franchise company for start-up costs and support. You’ll pay a franchise fee, but that will cost less than normal start-up costs.
The Max Challenge has helped franchisees own their gym franchises since 2013. We can help you, too, so call us today.