Are you considering opening a studio and wondering if you can do it alone or if you need a franchise? When you are considering opening a fitness studio, there are some definite huge benefits of a fitness franchise, but there are also some large dangers of choosing a franchise.
Today, I want to cover some of the Benefits of the systems of a Fitness Franchise.
I also want to clarify that Studio in a Box provides the systems of a franchise – without the rules or fees of a franchise!
1. With an established business plan and business systems, it’s easier to obtain financing.
Lenders lend based on risk. By having established systems, you can show that others have gone before you and succeeded, making you more likely to get financing. I once had a prospect come to me AFTER she had already applied for financing and been denied. By then, it showed that lenders believed she wasn’t a good risk. If you feel like you need financing, then you want to ensure that you have the systems in place before you apply for financing that first time.
2. Proven business systems so you don’t have to reinvent the wheel and create your training manuals, contracts, marketing plans, business plans, checklists, and so much more!
Just our initial legal package was $15k. What if you could get access to the business success systems without a $50k franchise fee?
3. Marketing strategies, systems, and support typically bring in substantially increased revenues, MUCH more quickly.
One of the big mistakes we made with studio one was that we didn’t have a good marketing strategy when we opened. We tried to get by with a minimal marketing budget and didn’t do enough marketing when we opened. It took us a few months to get up and running. Although we were cash-flowing by the end of month 3, it could have gone MUCH better with better marketing systems. When we launched the second studio just 7 months later, we launched waitlists because of the changes we made the second time. The systems we implemented from day 1 on Studio 2 meant triple the revenue, profit, and success!
4. Systems to train your staff to provide standardized customer service, improved sales, and improved client retention.
When you’re trying to figure it all out yourself, it takes a while to get all the systems in place. What if you could get access to staff training, staff manuals, and success systems before you opened, versus having to figure it all out as you go?
5. Location support.
One of the BIGGEST mistakes you may make in launching a studio is in choosing your location. Your location decision follows you for the DURATION of your business. For me – Our first location LOOKED perfect, and for years everyone talked about what a perfect location it was. But our second location WAS perfect! There were SO many things different about that second location that contributed to its wild success! You may be surprised what makes such a difference in a great location! My mission is to help women build lives they LOVE! I have helped over 75 women launch successful, profitable fitness studios, ranging from barre, yoga, pilates, HIIT, and cycling that give them the freedom to build their business their way.
According to the US Small Business Association, businesses with established systems have a 95% higher likelihood of success over 5 years.
If you have considered opening a studio such as a:
- Barre Franchise
- Barre3 Franchise
- Bar Method Franchise
- Dailey Method Franchise
- Core Pilates Franchise
- Lagree Franchise
- Corepower Yoga Franchise
- Evolve Franchise
Like so many others, you can get the tools and success systems of a franchise without those upfront $50,000 + Franchise fees and the rules and regulations that the franchise will impose.
If you’re interested in knowing more about the:
- Barre Franchise Fees
- Barre3 Franchise Fees
- Bar Method Franchise Fees
- Dailey Method Franchise Fees
- Core Pilates Franchise Fees
- Corepower Yoga Franchise Fees
- Pvolve Franchise Fees
You’re in the right place. If you want to know:
- How to open a barre studio
- How to open a yoga studio
- How to open a Pilates studio
- How to open a fitness studio
If you want to know how to open a fitness studio and are wondering if you need a franchise, reach out and book a free consult.
We’ll tell you about Studio in a Box, and why we created an educational and consulting program versus a franchise.
We’ll tell you how you can create your studio, WITH the successful tools and systems that you’d normally get with a franchise, without the franchise fees or rules!
If you’re ready to learn more, click below to get your free guide on how to open a fitness studio without the fees or rules of a franchise: https://amymewborn.com/studio/