Health and Fitness Franchises

The fitness market is evolving at an incredible pace, with new business models, training concepts, and trends emerging constantly. But if you’re thinking of starting a fitness business, then it’s important to have a good grasp of the market. Understanding the size of the opportunity, predicted growth, and current trends, will help you create a solid business plan. Learning how the big players in the fitness industry are performing can give you insights in potential ROI. Plus, investors and banks are more likely to be supportive, if you can demonstrate that fitness is a growing industry. The US is the world’s largest health and wellness market, with 38,477 clubs, and an annual growth rate of 3.6%. Industry revenue is growing at a slightly higher rate of 6.1% and is currently estimated at $30 billion. Americans are very focused on keeping themselves moving and finding ways to live a healthy lifestyle. In their pursuit to do both, they are increasingly turning to exercise, proper nutrition, supplements, massage, and more. The fact that health and wellness is big business in the U.S. has not gone unnoticed by franchisors. If you would like to help people live healthier lives, there are many franchise business models within a variety of sectors to choose from including: Gyms, Personal Training, and Specialty Fitness: Over 55.3 million Americans belonged to at least one health club, many of whom hold memberships to both ‘traditional’ and ’boutique’ facilities. Visits to health clubs, gyms, and studios have surpassed 5 billion. This equates to an average of 90 visits per person. There are traditional gym franchises ranging from those with low monthly memberships that essentially only offer equipment to those with high monthly fees that have a more spa-like atmosphere and offer classes. In addition, there are many specialty fitness franchises that focus on Pilates, yoga, spinning, kick boxing, barre, etc., as well as personal training franchises. Diet and Weight Loss: Obesity has continued to grow in America over the past decade according to a report by researchers from the Centers for Disease Control and Prevention (CDC). When it comes to weight loss franchises, options include those that offer guidance in modifying eating habits or medically focused weight loss plans. Massage: Constant stress can increase the risk for long-term health issues like heart attack, weight gain, and diabetes. Massage helps counteract the negative effects of stress by lowering people’s heart rates and blood pressure and increasing the production of endorphins, which make people feel good. The demand for services massage franchises provide is increasing in conjunction with an increasing awareness of the benefits it provides. Health Food & Supplements: The dietary supplements market was valued at USD 101.38 billion in 2018, registering an annual growth rate of 6.9%, according to a report by Mordor Intelligence. The dietary supplements market is preliminarily driven by the paradigm shift toward preventive health management practices, amid rising healthcare costs and increasing burden of lifestyle diseases. The franchise sector consists of health food, vitamins, minerals, sports nutrition products, and weight control products. Investing in a health and wellness franchise may just be the healthiest thing for your business future that you’ll ever do when you consider that the average American spends $155 per month on health and fitness according to My Protein’s survey, that’s $112,000 in their entire lifetime. It, however, is crucial that you carefully research any franchise you are considering investing in to help ensure you select one that is likely to meet your objectives. Check out the many health and wellness franchise offerings at Franchiseclique.com.