Fitness has been a booming business here in the U.S. in recent years. And one sector of this industry that has been seeing some particularly significant growth lately are franchises. Recent years have seen franchise growth coming in faster than industry-wide growth within fitness. And some estimates are predicting that this will continue. According to one set of recent estimates, franchise brands will see about double the growth rate of the fitness industry in general between now and 2022.
The franchise options in fitness vary in their price points, their target customers and the value propositions they are focused on.
There are various things that could attract a potential franchisee to a fitness franchise. This includes the potential for further growth in this industry and the high levels of interest in health and fitness among the general public in recent years.
One wonders what sorts of franchising trends the next few years will end up seeing within the fitness industry.
Now, as with any type of franchise, there can be challenges in running a fitness franchise. So, when a person is seeking to become a franchisee in the fitness industry, or another industry, good preparation can be important. How well-prepared a franchisee is can impact how well-positioned they are to overcome the challenges that can come up in connection to running a franchise location. One set of preparations that can be very important for prospective franchisees are legal preparations, such as preparations related to franchise agreements. What terms such an agreement contains can have big impacts on a franchise relationship. Skilled attorneys can assist prospective franchisees with reviewing proposed franchise agreements and other important legal preparations related to entering into a franchise relationship.
Source: Entrepreneur, “Why Fitness Franchises Are Booming,” Clint Carter, Sept. 19, 2017