{"id":960,"date":"2023-06-14T07:55:08","date_gmt":"2023-06-14T06:55:08","guid":{"rendered":"https:\/\/hitsona.com\/?p=960"},"modified":"2023-07-28T17:55:36","modified_gmt":"2023-07-28T16:55:36","slug":"hitio-gym-franchise-opportunities-requirements-costs","status":"publish","type":"post","link":"https:\/\/hitsona.com\/blog\/hitio-gym-franchise-opportunities-requirements-costs\/","title":{"rendered":"Opening a HITIO Gym Franchise – Opportunities, Requirements, Cost, Owner Profit, Ownership Fees & More!"},"content":{"rendered":"
HITIO is a global gym franchise with a unique business model that allows members to join at any age from 5 years old. This USP helps set the franchise apart in the market, meaning parents and children can train at the same facility at the same time.<\/p>\n
HITIO is an international brand that became one of Norway\u2019s largest fitness franchises with over 30 sites in Norway and has now spread globally with over another 30+ sites opening in 4 other countries.<\/p>\n
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HITIO focuses on being accessible for all and attracting a much larger customer base compared to most other mainstream gyms, due to allowing child memberships. With almost a third of children<\/a> in the UK stating they undergo active exercise across the week and 61% of children claim to love exercise, there\u2019s an obvious demand for \u2018child-friendly\u2019 gyms.<\/p>\n As well as a booming health and fitness industry in the UK, there are many other key reasons why you should consider HITIO gym franchise opportunities<\/a>. Some of which include:<\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n The HITIO franchise model follows a step-by-step process to ensure that any potential franchisees have the right level of experience, capital and aspirations to open and run a HITIO franchise. The franchise owners can then work alongside HITIO to ensure that the right business plan is made tailored to the location and demographic of the premises chosen by the franchisee.<\/p>\n <\/p>\n <\/p>\n Before opening a HITIO franchise, there are a set number of minimum requirements you have to meet to prove you have the experience and capital for the brand and follow its onboarding processes. This includes:<\/p>\n <\/p>\n To open a HITIO franchise you have to show proof of having a healthy cash flow and financial background, including being able to make a total investment<\/a> of around \u00a3138,000-\u00a3231,600<\/p>\n <\/p>\n HITIO will want a franchisee that has some experience working in the health and fitness industry, ideally in a management role with some knowledge of the rules of operating as a franchisee along with a passion for improving people\u2019s lifestyles<\/p>\n <\/p>\n HITIO will want to ensure that your franchise investment plans align with their growth plans including aspects like how many gyms you plan on opening and the locations<\/p>\n <\/p>\n HITIO will also carry out a thorough onboarding process for franchisees to make sure you meet all of their expectations and requirements for the role<\/p>\n <\/p>\n <\/p>\n One of the main parts of buying and owning a HITIO gym franchise<\/a> is to prove you and your business partners have the right amount of capital. Currently, there is no available information for the minimum net worth requirements or minimum liquid capital required by HITIO. On average, however, most gym franchises require a minimum net worth<\/a> of anywhere between \u00a3500,000 to \u00a31,000,000 depending on the size and success rate of the franchise.<\/p>\n The average rate of liquid capital assets you need can be anywhere between \u00a320,00-\u00a3100,000. Some franchises may require more, so it’s important to check these figures. Regarding the actual costs of a HITIO franchise. they range from \u00a3138, 000 to \u00a3231, 600, which include the franchise fees, a prepay for the leasing facilities, marketing, furniture, collateral and office supplies, and the start-up supply of training and retail equipment.<\/p>\n <\/p>\n <\/p>\n HITIO\u2019s gym franchise fee<\/a> is around \u00a349,500 to set up the franchise, which covers a number of aspects of business support. These aspects include:<\/p>\n <\/p>\n The provision of digital and offline marketing materials \/collateral will be targeted to your location to help you promote your new HITIO franchise.<\/p>\n <\/p>\n Benefit from HITIO\u2019s three decades of experience with access to webinars, online tools, and ongoing support from dedicated franchise teams, including biannual business evaluations.<\/p>\n <\/p>\n Assistance identifying prime locations, backed by detailed data and insights tailored to your specific region. This includes help securing a favourable lease agreement and the design and construction of your facility.<\/p>\n <\/p>\n The exact cost to open a HITIO gym franchise can vary depending on location.<\/p>\n <\/p>\n <\/p>\n There are no official statistics published regarding the expected HITIO gym franchise revenue. However, the franchise is expected to do well as HITIO has a unique selling point of a large potential customer base with family memberships. The brand has also capitalised on involving combat sports in mainstream fitness, adding to its competitiveness in an industry worth \u00a34.9 billion<\/a> annually.<\/p>\n HITIO also claims that franchisees<\/a> require fewer members to become profitable. They also state franchisees will be \u2018cash flow positive\u2019 within only a few months of trading and recurring income within 12 months.<\/p>\n <\/p>\n <\/p>\n As well as revenue, you also need to consider the additional costs associated with running a HITIO gym franchise. As part of your overall HITIO franchise investment of \u00a3138,000-\u00a3231,600, 88,500-\u00a3141,600 is required by you to account for the purchase of training equipment and furniture for use in your facility.<\/p>\n The exact amount will depend on the size of your gym site and the amount of equipment required though HITIO provide assistance in securing favourable terms with their supplier Matrix Fitness. Larger facilities<\/a> may prefer to increase their investment above this.<\/p>\n There are also ongoing franchise costs you\u2019ll need to repay to HITIO in the form of royalty fees which amount to 8% of your annual turnover.<\/p>\n <\/p>\n <\/p>\n\n
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How Does the HITIO Gym Franchise Model Work?<\/strong><\/h2>\n
1. HITIO Gym Franchise Requirements<\/strong><\/h3>\n
Financial investment:<\/strong><\/h4>\n
Experience checks: <\/strong><\/h4>\n
Vision alignment:<\/strong><\/h4>\n
Onboarding: <\/strong><\/h4>\n
2. Minimum cost\/investment to buy and own a HITIO gym franchise<\/strong><\/h3>\n
3. Initial HITIO Gym Franchise Startup Fees<\/strong><\/h3>\n
Marketing support:<\/strong><\/h4>\n
Business support:<\/strong><\/h4>\n
Site selection support:<\/strong><\/h4>\n
4. Expected HITIO Gym Franchise Revenue<\/strong><\/h3>\n
5. Costs associated with running a HITIO Gym franchise<\/strong><\/h3>\n
6. Predicted average income\/profit of a HITIO Gym franchise owner<\/strong><\/h3>\n