fit20 Bucking the Trends... Take a Closer Look!
If you are looking for a franchise opportunity, have an interest in health and fitness or preventative health, but are put off by the issues that traditional gyms are facing in the current economic climate, then you should take a closer look at fit20.
We are bucking the trends of traditional gyms, there is a lot to say, but first we would like to invite you to come and meet our CEO Walter Vendel, National Director Niri Patel, and franchisee Duncan Attwood from fit20 Exeter, at The National Franchise Exhibition at the NEC, Birmingham, this Friday 7th & Saturday 8th October 2022.
A closer look at fit20
A business needs to be resilient, and the fit20 studio economics are just that. Space is small so rents are low, operating costs are low, energy costs are minimal (as we don't need to heat the studio through the winter and there are no changing rooms or showers to heat or maintain). Moreover the demographics of the average fit20 customer have cushioned them somewhat from the effects of the economic climate and we are not seeing a decline in the demand for fit20 memberships or franchises.
This plays out in the numbers with The state of the Fitness Industry Report 2022, released by The Leisure Database Company, stating that there had been a drop in studio numbers and Membership numbers in the traditional gym sector. Whereas ... fit20 has seen an increase in location count and studio membership is UP 58.9%.
You may like to know that Duncan Attwood, who is attending The National Franchise Exhibition this weekend, studio owner of fit20 Exeter, won the Great British Franchisee Award 2022 this summer. The awards, organised by whichfranchise.com, recognise the best in the franchise industry and Duncan is one of our top performing Franchisees. It is great to see that his outstanding business performance is being recognised.
Already operating in 10 countries and with Ireland the most recent Master Franchise signed this month, fit20’s reputation is growing rapidly globally and within the UK. The first studio in Scotland opened last month in Edinburgh.
If we have piqued your interest and you would like to know more, please come and meet us at The National Franchise Exhibition at the NEC, Birmingham Friday 7th & Saturday 8th October 2022.