The Best Low Cost Franchise Business Opportunities
Startups aren’t for everyone. If you’re looking for a business model with less risk, franchises may be right for you. However, with so many franchise options, how to decide which one is right for you? After much investigation, we have found that the health and fitness industry continues to be on the rise and may be the safest investment yet.
41 million Americans have a health club membership. Half of them have joined a commercial health club, while the other half are part of non-traditional clubs such as YMCAs and corporate clubs/country clubs. In the past decade the number of health clubs have almost doubled. It is difficult to find industries with double digit year over year growth, but health and fitness is not a trend, it is the way of the future.
In recent years, we have seen enormous growth in boutique health clubs. These are smaller health clubs with an emphasis on personal service. The large LA FITNESS club model is expensive and members have gravitated towards less crowded and less threatening options.
The smaller model health clubs also have rare amenities that larger ones do not, such as: tanning, sauna, 24/7 access and more. Perhaps the most appealing thing of smaller health clubs from a business standpoint is the low franchise fee compared to others. Typically, the franchise fee for a boutique model health club is less than $20K, that is significantly less than others.
So, if you are looking for entrepreneur business opportunity that is low risk and low cost, consider a boutique gym franchise in the health and fitness industry. This may be the best business decision you have ever made.