Over the weekend illuminate gym got closer to getting a ntreal estate deal done in Greenwood Village and also began to get closer on making a deal in the Saddle Rock, Colorado area. We are very hopeful to have 2 more locations opened here in Colorado by early 2010 and it looks like it may happen. There is a lot of concerns out there from franchisees about the future of the economy in the United States but what we have found over the past few weeks is there may not be a better time to start your own fitness franchise for a few key reasons.
1. Landlords have never been more open to negotiating leases. We won’t get into exact details of our current lease negotiations but I will tell you that during this time if you have good representation franchisees will have the leverage to negotiate the best leases I have ever seen. However, times are bad and landlords would like to see successful businesses that thrive and then hopefully in a five years times will be different and they can fill their available spaces with higher paying tenants. That’s why we are pushing our perspective franchisees to start moving on their goals of owning there own business in the fitness industry because now is the time to solidify a long term lease at a low rate.
2. The second reason we are pushing franchisees to move forward with their goal of owning there own franchise is because in my career in the fitness industry I have never seen such low prices on exercise equipment. I think at this time like most industries there is just so much exercise equipment out there and not enough buyers which give us buying power.
I like to look at starting a business as an overall investment like buying stocks. The question you have to ask yourself is do I want to make an investment when stocks are at the highest and hope they go higher or do you invest when the market is down and build a business that will flourish when the economy turns. The only thing I can say to future entrepreneurs is I wish I was negotiating our lease and purchasing weight equipment today because I would have saved myself a lot of time and money. If you are thinking of starting your own business now is the time to start laying the ground work. If you are interested in hearing more about the franchise opportunity at illuminate gym please give us a call at 1-877-427-2615 or you can check us out at www.illuminategym.com/franchises.php. Thanks for reading and have a healthy day.
Tags: equipment, fitness franchises, fitness franchsie, fitness industry, franchise, franchise opportunities, franchise opportunity, franchises, gym, gym equipment, illuminate gym, landlords, real estate, weights