How does the GYMGUYZ personal training franchise model work?<\/strong><\/h2>\n<\/p>\n
Here are the key considerations of buying a GYMGUYZ franchise:<\/strong><\/p>\n <\/p>\n
1. GYMGUYZ personal training franchise requirements<\/strong><\/h3>\n <\/p>\n
The usual requirements include:<\/strong><\/p>\n <\/p>\n
\u2022 Low initial investment: <\/strong><\/h4>\nThe usual GYMGUYZ personal training franchise investment is \u00a325,000, making it easy for new owners to begin their journey with this brand, especially if they have financial aid.<\/p>\n
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\u2022 Training experience: <\/strong><\/h4>\nThe GYMGUYZ brand offers a tremendous amount of support \u2013 but relies on franchise owners to provide a high-quality personal training service with the help of your own dedicated staff.<\/p>\n
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\u2022 Approachability: <\/strong><\/h4>\nMany home clients prefer a service like GYMGUYZ because it\u2019s an alternative to the intense setting of a traditional studio; for this reason, you must have a friendly presence.<\/p>\n
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\u2022 Devotion to the brand: <\/strong><\/h4>\nAs a much more hands-on franchise in comparison to many others, it\u2019s essential that you commit to the GYMGUYZ franchising model and can positively represent it.<\/p>\n
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\u2022 Flexibility: <\/strong><\/h4>\nThis brand prides itself on offering flexibility to members and service users, including by providing sessions at any time of day \u2013 and the GYMGUYZ franchise owners should also adapt to this.<\/p>\n
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2. Minimum cost\/investment to buy and own a GYMGUYZ personal training franchise<\/strong><\/h3>\n <\/p>\n
GYMGUYZ personal training franchise fees start at \u00a325,000, with the cost encompassing many vital elements of your service, including a licence. An additional \u00a33,000 is necessary to secure the correct equipment, and \u00a31,000 is similarly required to purchase branded GYMGUYZ apparel for your training sessions.<\/p>\n
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3. Initial GYMGUYZ personal training franchise startup fees<\/strong><\/h3>\n <\/p>\n
The GYMGUYZ personal training franchise startup fee is usually \u00a336,400, taking the above elements and others \u2013 such as leasing a vehicle \u2013 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.<\/p>\n
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4. Expected GYMGUYZ personal training franchise revenue<\/strong><\/h3>\n <\/p>\n
GYMGUYZ estimates that owners could make up to \u00a3100,000 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.<\/p>\n
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5. Costs associated with running a GYMGUYZ personal training franchise<\/strong><\/h3>\n <\/p>\n
Many of the usual long-term fees associated with gyms simply don\u2019t exist with GYMGUYZ. Any machines which need electricity use a client\u2019s own home (or public space) for this. The trainers you hire could be a significant expense, with salaries from \u00a319-\u00a330 depending on their services.<\/p>\n
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6. Predicted average income\/profit of a GYMGUYZ personal training franchise owner<\/strong><\/h3>\n <\/p>\n
Low operational fees combined with large catchment areas allow you to easily make a high income, with many GYMGUYZ franchise owners reporting profits between \u00a370,000-\u00a380,000 each year. A GYMGUYZ personal training franchise owner\u2019s average profit is usually around this amount, allowing them to break even in just a few months.<\/p>\n
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.<\/p>\n
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A look at the GYMGUYZ personal training <\/strong><\/h2>\nfranchise agreement & policies \u2013 main points<\/strong><\/h2>\n<\/p>\n
Your GYMGUYZ personal training franchise agreement covers these main policies:<\/strong><\/p>\n <\/p>\n
1. Franchisor support<\/strong><\/h3>\n <\/p>\n
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.<\/p>\n
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.<\/p>\n
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2. Brand payments<\/strong><\/h3>\n <\/p>\n
As the main document you sign when taking ownership of your own franchise, this agreement also comes with detailed payment information \u2013 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.<\/p>\n
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3. General franchisee commitment<\/strong><\/h3>\n <\/p>\n
The franchise agreement also explains the GYMGUYZ brand\u2019s 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\u2019s the GYMGUYZ franchisee\u2019s responsibility to refuel the company\u2019s vehicles.<\/p>\n
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4. Brand disputes<\/strong><\/h3>\n <\/p>\n
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.<\/p>\n
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What are the terms of the agreement and renewal<\/strong><\/h2>\n of your GYMGUYZ franchise?<\/strong><\/h2>\n<\/p>\n
While it\u2019s 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.<\/p>\n
Depending upon your GYMGUYZ franchise\u2019s 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.<\/p>\n
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Is GYMGUYZ personal training a good fit for you?<\/strong><\/h2>\n<\/p>\n
The main factors for deciding if GYMGUYZ is the best type of franchise for you are as follows:<\/strong><\/p>\n <\/p>\n
1. The target market of the average GYMGUYZ personal training franchise<\/strong><\/h3>\n <\/p>\n
As a personal training brand, your main audience is people who prefer one-on-one sessions and may not enjoy a gym environment \u2013 this could be ideal for busy people who don\u2019t have time to visit their local gym. As a high-ticket service, high-income groups are especially worth targeting.<\/p>\n
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2. Is a GYMGUYZ personal training franchise right for your chosen location?<\/strong><\/h3>\n <\/p>\n
As these franchises don\u2019t have a fixed location, it\u2019s possible for you to easily get clients across a wide area. The brand goes to great lengths to ensure you\u2019re the only GYMGUYZ franchisee in this location, letting you possibly reach thousands of people in need of a trainer.<\/p>\n
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3. Other factors to consider when deciding whether owning a GYMGUYZ personal training franchise is right for you<\/strong><\/h3>\n <\/p>\n
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.<\/p>\n
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Are you a good fit for the GYMGUYZ personal training franchise?<\/strong><\/h2>\n<\/p>\n
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.<\/p>\n
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.<\/p>\n
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Process of taking a GYMGUYZ personal training franchise<\/strong><\/h2>\n<\/p>\n
Here are the five most important steps for opening a GYMGUYZ franchise:<\/strong><\/p>\n <\/p>\n
1. Research the franchise<\/strong><\/h3>\nYou 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.<\/p>\n
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2. Apply online<\/strong><\/h3>\nAfter 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.<\/p>\n
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3. Pay the fees<\/strong><\/h3>\nSign 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 \u2013 and the brand accepts financial aid from the bank as a form of payment.<\/p>\n
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4. Prepare the franchise<\/strong><\/h3>\nAttend any relevant training sessions and begin recruiting staff before launching the franchise \u2013 the GYMGUYZ team can take care of pre-sale marketing. As you don\u2019t have to construct a physical space, it\u2019s possible to finish these preparations in as little as eight weeks.<\/p>\n
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5. Begin accepting clients<\/strong><\/h3>\nWith the franchise ready to launch, you can start accepting clients and benefit from the brand\u2019s 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.<\/p>\n
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Conclusion<\/strong><\/h2>\nThe high average income of a GYMGUYZ personal training franchise owner makes this brand highly attractive \u2013 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.<\/p>\n
Though this is different to traditional gyms, there are still a lot of similarities in terms of how you manage the responsibilities. If you\u2019re looking to become part of a fitness brand, it could definitely be worth looking for a GYMGUYZ personal training franchise for sale.<\/p>\n
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FAQs<\/strong><\/h2>\n<\/p>\n
1. How to start a GYMGUYZ personal training franchise<\/strong><\/h3>\n <\/p>\n
\u2022 Have an initial brand meeting with the GYMGUYZ executive team.
\n\u2022 Complete a franchise agreement and learn more about the brand.
\n\u2022 Decide on a rough area and the main components of your service.
\n\u2022 Pay the franchise fees, possibly with the help of a bank\u2019s financing.
\n\u2022 Undertake mandatory (and potentially optional) training sessions.
\n\u2022 Launch your GYMGUYZ franchise and begin taking new PT clients.
\n\u2022 Optionally, upgrade to multiple sites spread across different areas.<\/p>\n
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2. How much does owning a GYMGUYZ personal training franchise cost?<\/strong><\/h3>\n <\/p>\n
The cost to open a GYMGUYZ personal training franchise is \u00a336,400, 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.<\/p>\n
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3. Is a GYMGUYZ personal training franchise profitable?<\/strong><\/h3>\n <\/p>\n
A GYMGUYZ personal training franchise owner\u2019s average profit can exceed \u00a380,000 a year in your first year, an especially high sum for first-time owners. This is primarily due to the brand\u2019s unique model as well as the high-ticket, low-volume approach, with tailored sessions at around \u00a330 each for maximum returns.<\/p>\n
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4. What questions to ask when buying a GYMGUYZ personal training franchise?<\/strong><\/h3>\n <\/p>\n
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\u2019s sessions and classes.<\/p>\n","protected":false},"excerpt":{"rendered":"
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