Brand reputation – the value of investing in a brand with a strong ethos

There are many things for you to consider when choosing a franchise to invest in. We know people naturally look at the potential financial rewards and if those marry up with their lifestyle goals. How enjoyable running the business could be and the support available from the franchisor are other key considerations too. But for us at Snap Fitness, we’ve heard from our franchisees that what is just as crucial for prospective franchisees to consider is the brand reputation as this will impact your business on so many levels.

Our Head of Sales, Kristen Horler, discusses what prospects should look for when they’re researching a franchise’s ethos, code of ethics and values – and how important it is to place integrity at the heart of a franchise’s operations.

Conducting your research

For those interested in investing in a franchise, it’s critical to do your due diligence first. Engaging in thorough research helps you to make well-informed decisions and maximises your chance of success.

Once you start to consider what makes up the brand’s identity, like the website and social media presence, you can begin to understand their culture. If its mission and values resonate with you, the franchise becomes a better fit – you’re buying the rights to its process and culture, so making sure you align with these is essential.

The franchise might grab your attention in theory but what about in practice? Talking with current franchisees is a fantastic way to understand the ins and outs of the day-to-day operations, painting a clearer picture in your mind. As a general rule of thumb, you should speak to at least three franchisees – and be wary of any franchise brands that seem hesitant to put you in touch with current franchisees.

The importance of integrity

So, you’ve conducted your research and you’re ready to invest, but why do we think it’s important for franchise prospects to choose a brand that puts integrity at the heart of their operations?

1.      Trust and reputation: brands that value integrity are more likely to have a strong, trustworthy reputation. We emphasise the importance of trust in the franchisor-franchisee relationship. Trust is a building block of any relationship and success emerges when this is maintained.

2.     Ethical standards and leadership: cutting any corners in business will bite back at some point down the line. Sustaining best practice helps franchisees avoid any legal and ethical complications. Principled leadership is pivotal too. We are firmly committed to our family-first, fun, “One Team” culture which we find fosters a transparency, accountability and fairness at all levels of our operations.

3.     Employee satisfaction: franchisor integrity creates a more attractive environment for employees to work within. A consistent approach leads to higher retention rates and greater staff commitment. We pride ourselves on our excellent franchisee support. Boris & Stefan, franchisees of our Hereford club, echo this sentiment, “The support and guidance we received from Snap Fitness was exemplary – particularly when it came to the hiring process. We recruited our gym manager with the support of the head office team and the results we’ve achieved since then speak for themselves.”

4.     Long-term success: franchises that prioritise their ethos tend to earn long-term success - whether that is being more likely to overcome challenges, changes in the market or shifts in consumer preference. It is similar with customer satisfaction too. Brands who are honest and transparent with their customers inspire loyalty, reinforcing a positive brand reputation on the road to being a more successful business.

As a testament to our own commitment to operating by ethical practices, we were recognised by the British Franchise Association in this year’s BFA HSBC British Franchise Awards. Nominated in both the Brand Awareness and Culture & Leadership categories - our resolve to continue our mission in creating a family-first, fun “One Team’ environment remains as strong as ever.

Click here to find out more about franchising with Snap Fitness.