Franchise Spotlight: Gyms
With health culture booming, this is a sector that is successfully franchised and looks set to grow.
The market revenue of the gym and health and fitness clubs industry in Canada in 2021 was over CA$4billion according to Ibis World. With people always setting new healthy lifestyle goals, there will always be a market for gyms. There is more awareness being placed on healthy living, via streams such as social media and government advice, and so more people are looking to make exercise a bigger part of their daily lives. The gym sector can be a lucrative one to enter for franchisees who are passionate about exercise and health.
With gyms having to close their doors during the 2020 health pandemic, many businesses have found ways to diversify by offering online exercise classes via live streaming platforms. Many people found the sedentary lifestyle of working from home and being in lockdown frustrating and unhealthy and so even more importance has been placed on returning to (or starting) healthier, more physical lifestyles.
Franchisees have the option of owning and managing a gym as a full-time career or buying and then overseeing the management of their gym alongside other work. With most companies offering support with sourcing locations for new gyms, franchisees can benefit from advice on how to make the best use of customer footfall as well as establishing themselves in a strong location with regards to competitors. Anytime Fitness is one of the largest and most successfully franchised gym companies and franchisees will benefit from their well-known brand identity.
Gym Industry Analysis
The gym sector is a highly competitive industry to enter and the time, money and luck it takes for individuals to establish themselves within the market can put many people off. Franchisees will benefit hugely from being part of an umbrella company that have already created a brand identity and a consumer base.
Although most companies will provide comprehensive training for franchisees, some will expect experience and even qualifications in the health and fitness industry. Whether you are interested in owning and running a single gym or scaling up your business to oversee several, there are franchise options available and, in a busy sector that looks set to grow, franchisees can look forward to a healthy and lucrative future.