Fitness franchising has been a growing sector as Canadians shift to healthier lifestyles. People are looking for new and exciting ways to get in shape and help them stick to a workout routine.
Franchises have been popping up all over the country with specialized focuses from yoga to kickboxing, but that does not mean the regular gym franchise has fallen to the wayside. Find out more facts and trends in the fitness franchise industry here:
1. Fitness franchises can include gyms, health centres, cycling, rowing, yoga, stretching, Pilates, and traditional fitness clubs, as well as sports and exercise equipment retail and weight loss services.
2. According to IBISWorld, the Canadian gym, health, and fitness club industry is worth $3 billion and comprises nearly 7,000 businesses. Easy access for clients, effective product promotion, and economies of scale are all key factors in the success of a fitness franchise.
3. Fitness franchises can focus on an array of niches. There are fitness programs for children that are education based and help a child grow and learn to be healthier in order to set them up for a healthier lifestyle.
4. There are gyms geared toward women and the senior population. These specialized health franchises provide a welcoming and supportive space for their demographic to get fit together. There are franchises for nearly every sport you can think of: basketball focused, yoga focused, cycling, stretching, boxing, soccer focused, rowing focused, and more.
4. Franchises can stand out in the fitness sector by providing a new approach to old methods. For example, LIVE WELL Exercise Clinic takes the ordinary concept of supervised exercise and healthy lifestyle coaching, and tailors the methods for people who have chronic health conditions.
5. Top fitness franchises include Fitness 1440, Anytime Fitness, 9ROUND, Funtopia, and Premier Floorball.