Industry Analysis & Industry Trends
This industry operates franchised fitness establishments and gyms. Franchisees receive branding, marketing, administrative support and training for their franchise. During the past five years, industry revenue grew, benefiting from an increase in the number of health club memberships and a favorable investment environment. Moving forward, public health campaigns that raise awareness about health and fitness will prompt new gym and fitness franchises to enter the market, leading to further growth for the industry.... purchase to read more
Industry Report - Industry Analysis Chapter
During the past five years, the Gym and Fitness Franchises industry benefited from public health initiatives that shed light on the importance of fitness to fight diabetes, obesity and other health ailments. Partially a result of this health-conscious climate, the number of health club memberships has grown steadily over the period. This trend has benefited gym franchises, as greater demand from a larger gym-going demographic encouraged franchise expansion.
Thus, many franchisors, in an effort to develop a larger client base and respond to the growing popularity of boutique gyms, have offered more franchise opportunities during the past five years... purchase to read more