If you’re interested in starting a fitness franchise, then GYMGUYZ is a personal training enterprise rather than a conventional gym. With 56% of people stating they feel intimidated by the gym, investing in this franchise means you can help more people get fitter and healthier in a more familiar environment, such as their own home.
GYMGUYZ intends to reach the often time-poor exerciser with this innovative brand model that can help you corner a viable corner of the market. In this article, we closely examine GYMGUYZ personal training franchise opportunities and how you could become a part of this brand.
Benefits and opportunities of becoming a GYMGUYZ personal training franchise owner
Here are the main GYMGUYZ personal training franchise opportunities and benefits:
• Join this high-growth fitness franchise and enjoy a scalable revenue of up to £100,000 per year
• Get started with a minimum investment of just £36,400, making this an affordable way to enter the fitness market
• Benefit from a high ticket/low volume model which allows you to charge per session and guarantee clients get their money’s worth with the help of tailored classes
• Enjoy partnering with a globally leading mobile fitness provider worldwide that can help you establish your service with ease and can quickly reach clients via word of mouth and their own brand reputation
• Get started in just 8-10 weeks which is faster than traditional gym franchises, without the need to search for a site so you can start taking on clients immediately
• Develop your existing personal training experience with extensive training, marketing and business support to help you manage and grow your investment
• Benefit from strong brand awareness by partnering with one of the fastest-growing fitness brands across the UK – and an industry leader in personal training services – that was founded in 2008
How does the GYMGUYZ personal training franchise model work?
Here are the key considerations of buying a GYMGUYZ franchise:
1. GYMGUYZ personal training franchise requirements
The usual requirements include:
• Low initial investment:
The usual GYMGUYZ personal training franchise investment is £25,000, making it easy for new owners to begin their journey with this brand, especially if they have financial aid.
• Training experience:
The GYMGUYZ brand offers a tremendous amount of support – but relies on franchise owners to provide a high-quality personal training service with the help of your own dedicated staff.
• Approachability:
Many home clients prefer a service like GYMGUYZ because it’s an alternative to the intense setting of a traditional studio; for this reason, you must have a friendly presence.
• Devotion to the brand:
As a much more hands-on franchise in comparison to many others, it’s essential that you commit to the GYMGUYZ franchising model and can positively represent it.
• Flexibility:
This brand prides itself on offering flexibility to members and service users, including by providing sessions at any time of day – and the GYMGUYZ franchise owners should also adapt to this.
2. Minimum cost/investment to buy and own a GYMGUYZ personal training franchise
GYMGUYZ personal training franchise fees start at £25,000, with the cost encompassing many vital elements of your service, including a licence. An additional £3,000 is necessary to secure the correct equipment, and £1,000 is similarly required to purchase branded GYMGUYZ apparel for your training sessions.
3. Initial GYMGUYZ personal training franchise startup fees
The GYMGUYZ personal training franchise startup fee is usually £36,400, taking the above elements and others – such as leasing a vehicle – into account. This also includes comprehensive franchisee training, which covers operations, sales, customer service, franchise administration, and plenty of other important aspects of owning a GYMGUYZ personal training franchise.
4. Expected GYMGUYZ personal training franchise revenue
GYMGUYZ estimates that owners could make up to £100,000 in revenue each year, with high earning potential in just a single franchise. Since each GYMGUYZ personal training franchisee gains a specific location and many prospective clients, the brand works to maximise your revenue with high-ticket yet affordable services.
5. Costs associated with running a GYMGUYZ personal training franchise
Many of the usual long-term fees associated with gyms simply don’t exist with GYMGUYZ. Any machines which need electricity use a client’s own home (or public space) for this. The trainers you hire could be a significant expense, with salaries from £19-£30 depending on their services.
6. Predicted average income/profit of a GYMGUYZ personal training franchise owner
Low operational fees combined with large catchment areas allow you to easily make a high income, with many GYMGUYZ franchise owners reporting profits between £70,000-£80,000 each year. A GYMGUYZ personal training franchise owner’s average profit is usually around this amount, allowing them to break even in just a few months.
Of course, one of the highest costs of running a GYMGUYZ franchise are the trainers you employ, hence this is one important consideration for owners with no industry experience.
A look at the GYMGUYZ personal training
franchise agreement & policies – main points
Your GYMGUYZ personal training franchise agreement covers these main policies:
1. Franchisor support
One of the main duties of your franchise agreement is to elaborate upon (and solidify) the support the brand is able to give you, including training sessions that might be mandatory. The GYMGUYZ team also takes care of most marketing matters with the aid of independent agencies; the agreement sets out the scale of this help.
The support mentor provided to you by GYMGUYZ will handle all aspects, including arranging van orders and delivery, equipment procurement, marketing materials, phone support, helping to launch your franchise, and scheduling meetings.
2. Brand payments
As the main document you sign when taking ownership of your own franchise, this agreement also comes with detailed payment information – including the GYMGUYZ personal training franchise cost. It also highlights how the company calculates royalty payments; as a part of this, GYMGUYZ is entitled to 6% of your gross total franchise sales each month.
3. General franchisee commitment
The franchise agreement also explains the GYMGUYZ brand’s expectations from you, up to and including your devotion to the brand. It also explains which aspects of the pre-launch process are yours to manage, such as finding a good location. For example, this document might say it’s the GYMGUYZ franchisee’s responsibility to refuel the company’s vehicles.
4. Brand disputes
There are clauses for the termination in this document; if the relationship between the GYMGUYZ franchisee and franchisor ends up breaking down, for example, the brand can replace the former. The document is legally binding and allows the GYMGUYZ franchisor to take action even before the conclusion of your initial contract if you fail to meet your general franchisee obligations.
What are the terms of the agreement and renewal
of your GYMGUYZ franchise?
While it’s possible to negotiate the terms of this franchise agreement to some extent, GYMGUYZ agreements mainly last for ten years before renewal. After this period, you may renew for an additional five years, or longer if you are willing to commit further to the brand.
Depending upon your GYMGUYZ franchise’s performance during the initial ten years, you might not want to renew this agreement. In this case, GYMGUYZ can select a new owner to manage the franchise.
Is GYMGUYZ personal training a good fit for you?
The main factors for deciding if GYMGUYZ is the best type of franchise for you are as follows:
1. The target market of the average GYMGUYZ personal training franchise
As a personal training brand, your main audience is people who prefer one-on-one sessions and may not enjoy a gym environment – this could be ideal for busy people who don’t have time to visit their local gym. As a high-ticket service, high-income groups are especially worth targeting.
2. Is a GYMGUYZ personal training franchise right for your chosen location?
As these franchises don’t have a fixed location, it’s possible for you to easily get clients across a wide area. The brand goes to great lengths to ensure you’re the only GYMGUYZ franchisee in this location, letting you possibly reach thousands of people in need of a trainer.
3. Other factors to consider when deciding whether owning a GYMGUYZ personal training franchise is right for you
You need to balance your trainer requirements with the number of clients you have, or else your staff could be spread too thin. The financial requirements of your team may also be a worthwhile consideration, though your clients usually more than make up for this.
Are you a good fit for the GYMGUYZ personal training franchise?
A passion for fitness is important for any owner of a GYMGUYZ personal training franchise as this allows you to manage clients with greater confidence. If you have pre-existing experience as a personal trainer, you can even engage with your clients directly, which allows you to enjoy a more hands-on approach.
Though this model has a quick return on investment within a single year and you can transform it into a source of passive income, you should still dedicate a lot of time towards the franchise.
Process of taking a GYMGUYZ personal training franchise
Here are the five most important steps for opening a GYMGUYZ franchise:
1. Research the franchise
You need to choose a brand that meets your requirements and preferences; meaning you should be ready to embrace this unique model as an alternative to the gym. The GYMGUYZ personal training franchise price could be a big factor in your final decision.
2. Apply online
After deciding that GYMGUYZ is the franchise for you, contact the team with information on your desired area and attend a Brand Interview. If they believe you would be a good fit, and that your location can be profitable, they should approve your application.
3. Pay the fees
Sign the franchise agreement and pay the GYMGUYZ personal training franchise startup cost. You might need a Business Acquisition or Owner Financing Loan from the bank to help with this – and the brand accepts financial aid from the bank as a form of payment.
4. Prepare the franchise
Attend any relevant training sessions and begin recruiting staff before launching the franchise – the GYMGUYZ team can take care of pre-sale marketing. As you don’t have to construct a physical space, it’s possible to finish these preparations in as little as eight weeks.
5. Begin accepting clients
With the franchise ready to launch, you can start accepting clients and benefit from the brand’s extensive pre-sale marketing. You will even have a specific sub-website on the GYMGUYZ domain, making it easier for people to find information about your franchise.
Conclusion
The high average income of a GYMGUYZ personal training franchise owner makes this brand highly attractive – and lucrative. If you can afford the relatively low cost to buy and own a GYMGUYZ personal training franchise, your choice to invest in this service could have incredibly strong results within the first year.
Though this is different to traditional gyms, there are still a lot of similarities in terms of how you manage the responsibilities. If you’re looking to become part of a fitness brand, it could definitely be worth looking for a GYMGUYZ personal training franchise for sale.
FAQs
1. How to start a GYMGUYZ personal training franchise
• Have an initial brand meeting with the GYMGUYZ executive team.
• Complete a franchise agreement and learn more about the brand.
• Decide on a rough area and the main components of your service.
• Pay the franchise fees, possibly with the help of a bank’s financing.
• Undertake mandatory (and potentially optional) training sessions.
• Launch your GYMGUYZ franchise and begin taking new PT clients.
• Optionally, upgrade to multiple sites spread across different areas.
2. How much does owning a GYMGUYZ personal training franchise cost?
The cost to open a GYMGUYZ personal training franchise is £36,400, making it a lot more affordable than most other brands. There are few long-term costs to contend with other than staffing, new equipment, and possibly petrol for trainers driving to and from clients in leased vehicles.
3. Is a GYMGUYZ personal training franchise profitable?
A GYMGUYZ personal training franchise owner’s average profit can exceed £80,000 a year in your first year, an especially high sum for first-time owners. This is primarily due to the brand’s unique model as well as the high-ticket, low-volume approach, with tailored sessions at around £30 each for maximum returns.
4. What questions to ask when buying a GYMGUYZ personal training franchise?
Comprehensive and detailed information about the hallmarks of a good GYMGUYZ catchment area can be very useful for finding the right location. It could also help to know which machines and equipment are standard for GYMGUYZ franchises, as this can significantly influence the specifics of your brand’s sessions and classes.
