Socious Sports franchise, providing coaching in Rugby, Football and through clubs
74 Ramsbury Rd,
According to research published by Statista the UK market size of the wellness & fitness segment has been growing steadily & is estimated to reach £22bn by 2020. When broken down by category, the greatest increases are to be made in alternative medicine, sports equipment & weight loss, which made up the majority of the market in past years, along with gym memberships. The growth of the market is also reflected in the number of sports and fitness occupations held in the UK, which also show a steady increase in years past. The majority of employees in the sport activities sector are between 25 and 54 years old, with slightly more men than women working in the sector.
This has also given rise to more fitness and well being franchises including franchises of gyms, workout classes, children fitness classed, weight loss group & classes. With the UK government stating that unless we change our habits that more people will become obese the need and it would seem demand for more of this type of franchise is sure to increase and become an even more potentially lucrative market.
Developing a “fit” and healthy business takes time, hard work and dedication. Also as with any business purchase or franchise get professional help & advice and know what your commitment is before you invest.
Low Cost Franchises
So what is a low cost franchise? Well I suppose everyone will have a different definition of what they think a low cost opportunity is but for these purposes we will use an investment level of £15,000 or less as the guide price for a low cost franchise.
So does low cost therefore mean low earnings or profit? No, some low or even no upfront investment franchise or business opportunities can represent very high earnings potential. So why would a franchise business sell it a low cost even if the earnings potential was high? Well the initial franchise is generally determined by the cost to set-up which includes training, equipment, product and premises not the actual earnings potential. Sure sometimes with a recognized brand just the area alone will have a impact on the price as the largest the franchise area or territory, the more business will be obtained. That said that’s generally not the case for less known brands or new brands and if a franchise requires a lot of franchisees to provide national coverage and set-up costs are quite low then many will have an initial fee of under £15,000 to try to recruit as many franchisees as quickly as possible to grow their brand and provide a better service to their customers.
Some of the low cost franchises for sale under £15,000 include product distribution, pet related, children fitness and swimming, travel agency and even financial and business advice franchises so there is a huge choice of opportunity even if you are seeking a lower initial investment. The main thing to consider if the “overall” investment, just because a franchise has a low initial fee doesnt mean you won’t need to invest additional funds so when choosing a low cost franchise opportunity make sure you find out about all costs involved before you invest and as always seek professional advice.
Just because a franchise investment is low cost doesnt mean you should not carry out thorough research before you make any commitment. Regardless of initial investment check out the business and seek professional advice.
Health & Beauty Franchises
According to The National Association of Hairdresser the hair and beauty businesses alone contribute a staggering £7bn to the UK economy. With over 40,000 businesses in this industry sector in the UK, many Hair Salons employ less than 10 people. In addition to hairdressing there have been huge growth in the demand for other health and beauty services, products & treatments including weight loss, nail salons, eyebrows, tanning salons, massage and cosmetic surgery.
This trend for health & beauty products looks set to continue to grow in the UK and represents an existing large business sector where many existing businesses are now franchising to capitalize on this growth and grow their businesses by offering various different franchise opportunities, distribution licences and business opportunities.
Some of these opportunities require a shop front, for example a hairdressers, nail bar salon but many also are home based and go to their clients home to provide the services which would appeal to anyone who would like to work from home and/or balance their family and home life with running a business.
Over the last ten years there has been a huge rise in children related franchises in the UK. Some children franchises now include sectors such as child care, Creche, child swimming classes, children fitness classes, art classes and even go kart hire franchises.
In fact there are hundreds of different franchise opportunities that provide some sort of care or activity for children. It is probably this and people striving for a better work/life balance that has also contributed to the huge rise in the so called “Mumpreneurs” which describes mums with young children preferring to run their own business around their family than more traditional full or part-time employment. According to The Telegraph this boom in Mumpreneurs has resulted in a boost to the UK economy of a massive £7bn a year.
With so many varieties of children related franchises and the continued expansion and rise of mums setting up their own businesses in the UK children franchises are sure to continue to grow and Mumpreneurs are also bound to contribute even more to the UK economy in the future.