
Plan for permits, building and fire code, and zoning approvals before signing a lease, and estimate architect costs and timelines, including egress requirements. Schedule openings within 3–6 months.
Explore cost ranges for opening a fitness franchise from boutique 1,000–4,000 sq ft to big box, covering security deposits, first-month rent, signage, marketing, staff, and training and legal fees.
Explore fundraising ideas beyond loans by partnering with family or friends who invest capital while another partner runs the gym, with equity splits like 50/50 or 70/30.
The lecture explains the E-Myth principles: entrepreneurs must love all tasks, build repeatable systems, and transition from doer to manager to grow franchised locations.
Explore fundraising via loans for gym and fitness franchises, weighing risks of debt, bank options, and micro-lenders like prosper, kabbage, and crowd-based platforms to finance starting up.
Learn how to raise money for fitness ventures by targeting big, billion-dollar markets and using friends and family, incubators, seed investors, angels, and VCs, with smart outreach through investor introductions.
Learn how to become a franchisee from someone who created a successful franchise which grew to 80+ locations, and helped those 80+ franchisees get started.
In this course, Joseph Andrula, CEO of CKO Kickboxing shares his valuable insights on how to choose a location, how much money you need to start a franchise, and much more.
This course focuses mostly on how to start a fitness franchise or a gym franchise, but most of the knowledge in this course can be used to open any kind of a franchise.
BENEFITS OF STARTING A BUSINESS AS A FRANCHISEE
When you buy into a franchise system, you get marketing help, branding help, help choosing an ideal space for your business, negotiating your lease, and much more.
Most entrepreneurs aren't expert marketers, have never chosen a location before, and have never negotiated their lease. So buying into a franchise can be immensely helpful because you also get the mentoring from the franchise. The franchise system will be on your side, and will want you to succeed, so you'll always have mentors and help that you wouldn't otherwise have.
ADDITIONAL SECTION ON FUNDRAISING
Since it can be quite expensive to open a franchise location, the second part of this course focuses on how to raise money from a number of different sources, so you can combine a number of strategies to raise money in order to eventually come up with the funds you need.
Invest in your future! Enroll today!