Top 5 Reasons the Fitness Franchising Industry is Trending Today
Recent global reports have shown that the health club industry has continuously seen strong growth over the past decade, adding upwards of $100 billion to the economy. The fitness segment in particular has seen great success with franchise brands able to scale thousands of locations efficiently and effectively around the world. These statistics seem to reflect what we already know at Greenlight Personal Training, that people are willing to pay in order to look and feel better in all facets of their lives. Here are the top 5 reasons for the
Personal Trainer to Gym Owner: How Do I Secure Funding?
The obvious reality of opening a gym or personal training studio is that it requires money. How much money will depend on a whole host of factors. Typically there will require a combination of personal savings, friends/family money, and some type of financing mechanism. Financing your gym can come through forms of debt like small business loans from banks, alternative lenders, outside investors, small business grants, credit cards, or a line of credit. Finding the right financing for your gym will depend on: How much money you require, How much money
Personal Trainer to Gym Owner: Leasing Checklist
As a personal trainer, you probably don't know much about commercial leases, that's okay. This blog will give you some insight into some of the key components to educate yourself on before seeking out a lease for your gym. The monthly cost of a lease is going to be one of your largest fixed costs for your gym so ensuring you find the right space, under the right deal that will meet the needs of your business now and in the short term future. The characteristics of the ideal space will