Low Cost Franchise Opportunities; Are Gym Franchises Worth it?
Taking control of your future by purchasing a franchise can be liberating and exciting. This is why you are looking for low-cost franchise opportunities. It can be hard to know what is out there. Some people think that a gym is a great choice for this. The truth is that fitness centers may not be the low-cost franchise opportunities you think they are.
The Price Variance
If you go to a franchising website and start looking at gyms, the first thing you will notice is that there seem to be some low-cost franchise opportunities and some that definitely are not. In fact, there are gym franchises that can cost several million just in startup costs. There are several aspects that go into this, though the most common reason for this is the branding power of the company.
It makes sense when you think about how a Gold’s Gym is going to cost you more than Kosama (a group fitness center for those not in the know) simply because you are paying for the instant recognition. Now this does not mean that you cannot make money with gyms that offer low-cost franchise opportunities. This will require a lot of marketing effort on your end and the cost for this can add up quickly. It is also very time-consuming.
The Drawback of Low-Cost Franchise Opportunities in the Gym Industry
If you are working with a limited budget to buy your new franchise, then low-cost franchise opportunities seem like the ideal choice. Even if you take away the fact that these businesses are generally unknown, there is still a major drawback that potential franchise owners need to consider: the lack of inventory and equipment.
Generally, when you look at the low-cost franchise opportunities in the gym industry it consists of boot camps or fitness and nutrition counseling. With these businesses, the costs are mainly in the franchise fee, location costs, and other similar costs. You do not have an inventory of products that you can sell to bring in additional income. More than that you do not have abundant equipment you can sell to regain some of your losses if the business goes under. Obviously, no one expects their business to go under but knowing that you can recoup some of your costs if this does happen is something you will not have with low-cost franchise opportunities in the gym industry.
If you are looking for low-cost franchise opportunities that are not only fun but will make you money, then you should know about Splash and Dash. If you love dogs, then this is the franchise for you. Contact us today to find out what we offer in the way of low-cost franchise opportunities.