Top Fitness Franchise : Best Franchise Businesses Welcome! Bedros Keuilian right here, and Im the creator and CEO of Fit Body Boot Camp, and today, I wish to talk with you about a long-overdue video that Ive been meaning to make, which is how to find the best fitness franchise design Best Franchise Businesses for yourself. I have done a great deal of study while developing the franchise design, and I wanted to share this with you if youre out there looking for the best fitness franchise design to obtain into. Right here are some things you ought to look out for, and right here are some things you ought to consider asking the franchisor before getting on board with them. Best Franchise Businesses: ift.tt/1BKXtww Best Franchise Businesses Thing # 1 is, exactly what is the buy-in fee, and exactly what does the buy-in fee cover? Now, normally, every franchise has a buy-in fee, and that gives earnings for them and its likewise a source of revenue for them to utilize for the deliverables theyre going to provide you from the start. Thing # 2 to look at is the equipment that youre going to buy. Numerous franchises out there will ask you to buy the equipment through them, and when you buy the equipment to build out the franchise through them, theres a significant markup. Its in your benefit to find out exactly what the equipment cost is going to be, in addition to the buy-in fee, and exactly what your limits are-- whether you can shop outside for the very best price cut, or if youre dedicated to buying that equipment from them. Best Franchise Businesses Thing # 3 to ask and look out for is, what are my franchise royalty charges? Now, the basic practice out there is to charge between 6 % -8 % of your gross monthly revenues, which depending on the service theyre offering and the support theyre offering you as youre on board with them, that may be an awesome thing, but look at it in this manner-- if your franchise is doing $20,000 / month after, lets state, a year of two of being open, and theyre taking 6 % of that, theyre successfully getting paid $1200/month on the $20,000 / month that youre making. As you grow your business to $30,000 / month, that 6 % now translates to $1500/month. You need to ask yourself, Am I getting the equivalent of 6 % of my gross revenue of services, support, and aid from the franchisor? Are they assisting me grow, or am I growing the business myself and offering them a larger dollar quantity each month with that franchise fee? Think about discovering a franchise that has a flat franchise fee of a flat dollar quantity. The # 4 Best Franchise Businesses thing that youre going to wish to look at is, how long is the regard to this franchise? Requirement practice out there is as much as a ten-year dedication to a franchise, which is okay. There are plenty of franchises out there-- Subway enters mind, McDonalds enters mind. Now, if youre not comfortable with the performance history of that franchise-- they havent been around long enough and theyre not a huge, national brand yet-- you may not wish to consider signing that eight or 10 and even twenty-year franchise agreement with them, right? Thats something you definitely ought to watch out for also. Of course, the # 5 thing you ought to consider when looking for a good fitness franchise design to be a part of is, exactly what is the level of coaching and support they provide you? When you first get on board with the franchise, the # 1 trouble youre going to have is discovering an area and negotiating your lease for that area. Theyre all great problems to have, great challenges to have, but if you have the support from the franchisor in assisting you work out the lease, guiding you in the size of the area youre looking for, the demographics to open up in, youre going to have a higher success rate from the start. Those are a few of the top five Best Franchise Businesses, I guess, red flags that I would share with you when youre looking for a franchise business design, specifically in the fitness industry, to enter into. Naturally, if you have any questions for me, if theres any support that I could provide you, you can reach out to me by going to our sites right here:. Go to my blog: ptpower/. Best Franchise Businesses ift.tt/1zdp2dS Top Fitness Franchise : Best Franchise Businesses Best Franchise Businesses BEST FRANCHISE BUSINESSES : 00:00:05 Best Franchise Businesses 00:00:44 Best Franchises For Women 00:01:24 How To Buy A Franchise 00:02:04 Best Fitness Franchise Opportunities 00:02:44 Fastest Growing Franchises ift.tt/YfyYZg
Posted on: Thu, 04 Sep 2014 22:10:26 +0000
Trending Topics
Recently Viewed Topics
© 2015