A fitness franchise like illuminate gym has mastered the art of creating a low cost business model for future franchisees to take advantage of. The very first illuminate gym was opened on a shoe string budget and within 6 months illuminate gym was a money making venture. Today we are offering our franchise opportunity to the world and it’s important to us that showcase how a fitness franchise like illuminate gym can be a lower cost than a food franchise.
1. Build-Out Cost - A food franchise usually has a more extensive build out which could cost a franchisee as much as $50,000 more than a fitness franchise like illuminate gym.
2. Utilities - A food franchise will always and I mean always use more electricity than a fitness franchise. The first illuminate gym ever opened in Denver, Colorado had to pay a utilities deposit on the prior tenant which was a pizza shop. The Utility deposit was based on 2 months of the pizza shop’s utility bill. We had to pay over $3,000 in deposit when our monthly utility bill ranged anywhere from $60 - $100. Remember at a restaurant you have a lot of refridgeration and ovens/burners where at illuminate gym we have a few computers, cardio equipment and the lights.
3. Continued Product Supply - At illuminate gym we do carry some nutrition products and supplements but none of them are perishable, meaning they don’t go bad. At food franchises one of the major balancing acts a franchisee will have to learn is how to order product properly because you don’t want to order too much of a perishable product because you will have a lot of waste which will impact your bottom line. However, you also can’t order too little of these same perishable items because you can’t have customers coming into your business unable to order the items they want off of your menu because they may never come back.
Above are some reasons why we have always believe that the fitness industry is the easiest industry to get involved in. The only issue is you have to make sure the fitness franchise you buy into can be competitive in your community. At illuminate gym we believe the next generation of fitness franchises must be creative in their approach to the fitness experience of their customers and the way they approach their business model. At illuminate gym we know our business model is the future of the fitness experience in America. We are now just looking for the right entrepreneurs to help us take our franchise model to other regions of the country and the world. If you are interested in hearing more about illuminate gym, High Oxygen Training, and our franchise opportunities please check out an informative video at www.illuminategym.com/franchises.php or give us a call at 1-877-427-2615. Thanks so much for reading and have a healthy day!
Tags: business model, fitness franchise, fitness franchises, fitness industry, franchise, franchise opportunities, franchises, illuminate gym
You have made some great points, and I think that the most important one is the continual outlay of cash you will have to put out with a fast food franchise. I’d much prefer a Gym Franchise myself.
Tim thanks so much for reading the blog and we agree that owning a fitness franchise is the way to go. However, we also know to own a fitness franchise you have have to be committed to helping people otherwise you probably should stick with a food franchise. Check out our franchise opportunities at http://www.illuminategym.com/franchises.php.