Open Your Own Gym Through the Snap Fitness Resale Process
The Affordable and Easy Way to Start Running Your Own BusinessSnap Fitness
You’ve been working at your 9-to-5 job for some time, but eventually, it hits you. You’re headed down the wrong career path. You’re not passionate about what you do. Each day feels like a struggle. To pass the time, you find yourself kicking back and dreaming of running your own gym. You’d set your own hours, hire your own staff, not worry about someone “accidentally” taking your lunch from the fridge, and most importantly, you’d love having the opportunity to make a difference in your community.
Sounds pretty ideal.
The problem is, starting your own business from scratch isn’t easy. In fact, 30% of new businesses fail within the first two years and 66% fail within 10 years. That’s a staggering number, one that can scare off even the bravest of entrepreneurs. It may also be one of the reasons why franchising is the exact opportunity you’ve been looking for. And if fitness and health are your true passions in life, there’s no better way to get started than by teaming up with a well-established brand like Snap Fitness and buying your own gym through the Snap Fitness resale process. If this sounds like the opportunity you’ve been looking, you don’t need to wait to make it happen. Right now there are a variety of great opportunities available.
“A franchisee could choose to sell for numerous different reasons,” said Cory Lyons, Director of Franchise Sales and Development. “They could have a life event (retirement, illness) or could be looking to sell for financial reasons. A lot of times when someone sells, it is a planned execution of their exit strategy as well.”
One of the most appealing aspects of the resale process is that the buyer is investing in an established gym. Since there’s already an existing location in place, there’s no need to start building from the ground up. In many cases, the price of buying a gym costs much less than what it costs to build and open a brand new gym. Another key benefit is that the buyer has an established membership base from day one. As a future owner, what’s better than having a clientele invested in your business the moment you open your doors?
From there on, it’s your opportunity to show off your creativity and hard work to get people pumped up for new ownership. But don’t worry, you’re not going it alone. The best support team in the business has your back. With Snap Fitness, you’ll receive unmatched guidance, helpful tips, and a healthy dose of motivation from a group of experts. The Snap Fitness support teams have years of experience in helping hundreds of people around the world open their own gyms. They know the ins and outs of the fitness industry and also know about potential hurdles or obstacles that might be standing in the way. They’ve seen it all and are ready to get to work to get you up and running.
“We work with you from the beginning, starting with the sales team,” Ryan Kalinowski, Franchise Development Director at Snap Fitness said. “Our goal is to find the right buyer for the right opportunity. I stay in constant contact to make sure the buyer receives any information requested and responses to their questions.”
Of course, there’s a lot of work to be done throughout the resale process. It wouldn’t be so rewarding if there wasn’t! So what exactly should happen when someone new takes over an existing gym?
“This is a great time to make updates and modernize the gym and really get the message out that new ownership will be pumping fresh blood into the business,” Kalinowski said. “A re-grand opening marketing push can help reinvigorate an existing business. Members tend to get excited about new options and tend to re-energize the existing member base.”
Each entrepreneur has their own unique story and level of experience when it comes to fitness and business. Everyone brings their own individual strengths to the table. But it really is a team effort, and we work together to help you toward the path for growth. From the outset, we introduce you to our Brand Performance Specialists and the Project Management Team. The BPS Team will help outline all of the necessary training and the PM Team will assist you with any gym updates and modernization. Each buyer must attend Snap University where you’ll learn in-person about membership sales, personal training sales, community engagement, creating culture, marketing, and how to use our proprietary business tools and platforms. Snap University also provides an opportunity to meet and form connections with other new and existing owners.
The future of the fitness industry is an exciting one. There are over 60 million health club and gym members in the United States, which is 10 million more than just five years earlier. Over the past 15 years, Snap Fitness has established itself as one of the leaders in the fitness industry. We want to combine our expertise in fitness franchising with your passion to get people started on their own fitness journey in your new gym.
If you’re ready to run your own gym and want to learn more about our available resale opportunities, reach out to our team and let’s get started.