If you started up a new business by yourself, you would initially be without the resources required to deliver high-quality services in the sports sector. While if you were partnered with a known brand, you would experience the exact opposite. As a case in point, investing in a sports coaching franchise would provide you with a robust booking and organisation system so you can effectively manage classes, handle payments and more.
You want to own a business in the sports industry. You’d prefer to be your own boss. But the prospect of starting a new enterprise alone is simply too risky. Imagine if you could accomplish all of your goals while greatly reducing the amount of risk you face. With a sports business franchise, you can make this a reality. Choose a brand with a track record for success and follow their guidelines to achieve profitability.
A loyal customer base. It’s the goal of any new business. But it’s also the hardest aim to achieve. Franchise opportunities enable you to enter the sports industry with a known trade name and, therefore, an established clientele. Needless to say, this will make your path to success that much shorter.
The only way to identify the best possible franchise business for sale is through research. This doesn’t mean you have to go looking through books. It will just require you to search the backgrounds of each of the brands you come across.
Reviews are the key. See what customers who’ve used their services previously are saying about them, take a look into how stable they are financially, and perhaps most importantly, really dig deep into what they provide. If you invest in a franchise, you’ll be obliged to deliver these same services. And with this comes an even more vital question – are you qualified? Some franchisors won’t insist on you having previous experience in a given field. The most obvious example of this would be a sports shop franchise. You’d be given any training you’d need once you’d signed your agreement. However, if you wanted to, for example, invest in a sports coaching franchise, you’d need to be able to effectively teach children the correct techniques. This would necessitate a certain level of familiarity with the sports involved as well as coaching in general. Therefore, it’s best that you eliminate any possibilities from your list that require specific skills which you don’t currently possess.
Following your due diligence, you should submit an inquiry into the franchise for sale you’ve identified. The franchisor will waste little time in reaching out to you. You’ll receive a comprehensive digital document that covers all the essentials of the franchise opportunity they’re presenting you with. They will also ask if you’d like a phone conversation with one of their knowledgeable advisers. Accept and you’ll be able to get your questions answered first-hand. The next step will involve travelling to the company’s office and meeting them in-person. If this goes smoothly, your potential future franchisor will give you the chance to reach out to franchisees who they’re currently partnered with. This is absolutely essential as you’ll be able to find out exactly what it would be like for you if you signed a franchise deal. If you’re satisfied with all the information you gain, you should move forward to the investment stage.
Investing in a franchise is no small thing. It can be quite expensive, and you may not be able to cover the initial investment entirely from your own pocket. But there will be financing options available to you. If you successfully arrange all of this and sign your agreement, you’ll be ready to start your new venture. Most franchisors will provide you with pre-launch training, a full equipment package and much more. For instance, after you have agreed to invest in a sports coaching franchise, you’d be given both lesson plans and guides. They will then continue to give you valuable advice and support even after you open your doors for business for the first time.
Football. Cricket. Swimming. Golf. The world of sport is truly diverse. It goes without saying that an entrepreneur would be able to make a lot of money in this sector if they only invested in the right franchise. But what types of endeavours are the most profitable?
Standing out from the crowd truly has its perks in this sector. Traditional adult fitness businesses are still going strong but with so many outlets to choose from, customers have started to turn to providers who offer them more specific services. We all lead busy lives. Consequently, it can be hard to find time to travel to a gym every day of the week, as some recommend. Some enterprises have begun to capitalise on this by offering one highly beneficial and intensive session once every seven days – this has been aided by new advancements in technology such as EMS (Electro Muscle Stimulation).
One of the other more successful fields in today’s industry is sporting education for young children. This covers both beginners training and more advanced classes in all kinds of activities ranging from swimming to boxing. Why has there been such a growth in demand for these types of services? It’s not only because parents want their kids to have fun with others their age. In fact, they want to ensure that they’re getting sufficient exercise on a regular basis at a time when childhood obesity is at an all-time high.
Now you’re aware of what kinds of operations are succeeding, you can look at sports related franchise opportunities with fresh eyes.
Your franchisor will employ marketing experts specifically to help all their new franchisees launch their businesses. All the digital and physical promotional materials you’re provided with will have been fully market-tested to ensure their efficacy.
To make sure you’re appropriately qualified for your new business management role, your parent company will invite you to attend in-depth training at their headquarters. While the length will vary from brand to brand, this normally lasts at least one full working week.
Speak with confidence when you explain your plan to invest in a sports business franchise to an investor. Statistics show that franchise opportunities almost always succeed. So, they’ll know that they’re more than likely to get their money back in full.
Water Babies began in 2002, and since then, has grown fast with 71 franchises, running 79 outlets across the UK, Ireland, The Netherlands, Canada, and China.
Turtle Tots came on the market in 2011 and its network of over 50 franchisees teach thousands of children every week.
Legacy Sport aims to encourage school students to lead healthier, more active lifestyles.
Leisure Leagues enables football enthusiasts to form small teams and compete against others within a near professional-standard league.
Founded in 1998, Swimtime is one of the largest independent swim schools in the UK, teaching over 20,000 people to swim every week.
Established in Stoke-on-Trent in 2015, Little Athletes is a sports coaching franchise and physical activity provider, which specialises in Early Years.
The world’s leading indoor adventure park operator, Flip Out originated in Australia in 2012 with the aim of creating a fun experience for parents to share with their children.
The quality of the offering attracts some high-profile brand ambassadors such as David Beckham and others. If you’re ready to grab the chance to make a real difference in people’s lives, find out more here.
Widely recognised as a leader in the fitness industry. Anytime Fitness has been on the UK market for 10 years now and counting since.
SportsCool delivers sports education services that aid child development in over 400 schools.
Tumble Tots offers physical play classes for young children ranging from 6 months to 7 years old.