Trends and Facts About Fitness Franchises Throughout Asia
Are you passionate about sharing your expertise with others so that they might improve their energy, positivity, and general wellbeing?
The fitness industry serves one of the fastest-growing obsessions of modern life. Fitness is a growing trend across the entire continent, and with the rise of Instagram, there's a massive market in achieving body-beautiful.
You might be a fitness instructor or just interested in the subject. Or you might want to exploit the growing interest in wearables and fitness apps. There's a franchise that will help you find an appropriate path to a satisfying business; helping you make a positive difference in people's lives.
Franchising provides a stable approach to becoming your own boss.
Starting a new business from scratch is difficult and super-risky. Adopting an established brand, on the other hand, helps you establish your new company while benefiting from the hard-earned reputation of an existing, trusted business.
Franchises come complete with a track record of healthy profit and growth, with all the design, branding, and constitutional content ready-made - just waiting for you to take the reigns.
Franchising gives you access to existing markets. All the market research and viability for customer penetration is already in place, making the franchise model an attractive prospect for people ready to take the plunge, especially for those going into business for the first time.
Banks Lend To Franchises
Banks are more likely to lend start-up collateral to franchises because they have a history of profit and expansion, reassuring the lender that there's inherent stability in the business model.
Private investors and banks tend to consider franchises a lower financial risk because they have:
- A history of sustained business growth and profit
- A business model that’s been proven efficient and effective
- The potential to provide a return on an investment.
- Revenue from the health & fitness sectors within Asia is projected to be US$8.8 million in 2020.
- The annual growth rate of the fitness industry is 3.9% - projecting an increase to US$10.2 million in sector revenue by 2024.
- Almost two-thirds of the total people on the planet live in Asia.
- Asia's importance in the financial world is rising more quickly than any other continent (in terms of GDP), bringing in an astonishing $65.5 trillion in 2019.
What types of businesses can I find in fitness and slimming franchises?Fitness and wellbeing brands cover a massive array of interests, from aerobics to Zumba, and yoga to basketball. Whatever your specific expertise, you'll be able to support your market penetration by adopting an established, trusted, and recognizable brand.
Slimming services are popular all around the world, helping to motivate people to prolong their lives by keeping their diet in check, gaining energy and self-confidence along the way.
The wearables and fitness app markets are among the fastest-growing sections of the fitness world: if coding is your thing, you could get your app distributed with established brands that customers already trust.
Franchise vs. Independent
Consumers want to know that they're going to get quality and value when they part with their hard-earned money. So, recognizable and trust-worthy established branding helps reassure your potential customers.
Adopting an established brand’s customer base helps to lower the risk for new businesses.
Almost half of independent start-ups struggle to establish their business and go bust within two years. Franchising, however, offers a reliable route to growing a business.
Explore our fitness franchises, and start your new business today.
Purchase a franchise today from Franchise Direct.