3 Signs You've Found The Right Franchise
If you’ve ever considered investing in a franchise - there are a multitude of benefits that come from this kind of business opportunity (you can read about those benefits here). With around two million franchise businesses currently operating around the world, picking the right one to invest in can seem daunting. Here are 3 signs you’ve found the right franchise.
1. You share similar goals and values
One of the biggest things to remember as a franchisee is that you’re buying into an existing and established brand, so you’re all on the same team and working towards the same collective goals and business objectives. For this reason it’s important to share an interest in the service the business offers as well as trust in the systems and processes put in place by the franchisor, which will help you succeed and get the best results.
All of our Studio Pilates franchisees have a passion for health and wellbeing and are genuinely making a difference in their clients lives
2. Support from the franchisor
In the same way a prospective franchisee vets the business to see if it’s for them, the franchisor vets to ensure they’re attracting like-minded people who they trust are the right fit to help grow their business. The franchisor wants you to succeed and is on hand to make sure you have the right guidance and support along every step of the way.
Studio Pilates has a global support team which includes business operations, operations, education, training, marketing and finance who not only provide initial training, but ongoing training and support too.
3. The numbers are growing YOY
The strength of numbers, rate of growth and average profitability of a studio are all good indicators of the success of a company. As a prospective franchisee, you want to invest in a high performing business that will not only ensure a fast ROI but will also generate good profits.
Despite the challenges the fitness industry has faced amidst the global pandemic, Studio Pilates has continued to see growth with a 38% growth YOY in revenue FY21-22 and a 48% growth in number of studios opened.
For more information on franchising opportunities with Studio Pilates International, please contact John L Scott, Franchising Director joinus@studiopilates.com.
