Club Industry just recently listed the most "affordable" fitness franchises on the market today, with initial investments ranging from $91,000 to over $400,000.
For most first-time fitness entrepreneurs, that's a significant investment. Unfortunately, that's just the beginning:
- There's also the monthly fee.
- There's the long-term franchise contract.
- There are the "hidden" fees
And then there's the big one - the lease.
You forgot about that one, didn't you?
For a space between 2,500 3,000 square feet in a suburb of a large city, you're looking at around $4,000 per month and a minimum of a three-year agreement. So, that's another $144,000 you're on the hook for.
It doesn't look so affordable, does it?
It's not surprising you're still on the sideline, dreaming about opening your gym.
Do what I did. Go small. Find a blue ocean. Minimize the risk. Start your own.