If you buy a sports and recreation franchise, you will have certain inherent advantages. Since your business will be owned by a popular brand, you won't have to advertise as much. In fact, a 2015 State of the Industry report by the International Health, Racquet and Sportsclub Association concluded that health clubs that were part of a larger chain franchise had a nine percent median net membership growth. That represented the highest growth rate among the various business categories listed in the report. Owners of a sports and recreation franchise can also feel good about the fact that they are helping solve the obesity problem in this country. The Centers for Disease Control and Prevention recently found that nearly 71 percent of Americans 20 or older are either overweight or obese. Purchasing a sports and recreation franchise thus allows you to earn money doing something you love while also promoting healthy habits in a nation that needs it.
There are many different types of sports and recreation franchises, all of which help individuals stay active. Companies like Jump!Zone and AirTime Trampoline & Game Park emphasize fun and entertainment for the whole family. Others, including ETF Fitness, provide unique workout classes in a small, boutique-style setting. Boutique fitness studios in particular have exploded in recent years, with a growth rate of approximately 70 percent.
Whatever your interest, there is a sports and recreation franchise for you. However, before you purchase a sports and recreation franchise for sale, there are certain factors to consider. One is the cost. While some are turned off by the price of owning a franchise, the investment is worth it in the long run. That’s because franchises are often cheaper and more likely to succeed than a typical small business. The franchisor may even be able to provide funding to help you open your first store. Franchisees also may not have the independence of a regular business owner, but they do get valuable training and assistance from a franchisor who has already had success in the industry.
Sources: www.business.qld.gov.au/starting-business/buying-business/buying-franchise/advantages-disadvantages, www.franchiseopportunities.com/industry-profile/sports-recreation-industry