Top 5 Questions From Perspective Franchise Owners!!
The fitness industry continues to rebound from the pandemic with business revenues increasing throughout the US. As a result, The Camp Transformation Center is experiencing an influx of requests for information on our franchising opportunities. As many prospective franchise owners tend to have the same questions, we thought that today we would address the Top 5 questions that are most commonly asked about owning a Camp franchise.
Remember that there are a lot of other factors to consider when investigating any business opportunity. Should you have additional questions you can use the link at the bottom to connect directly with one of our franchise representatives to assist you further.
TOP 5 Questions From Prospective Franchise Owners:
- How much does it cost to franchise with The Camp? The estimated initial investment for a new Camp franchise is between $175,000 and $288,5000. This estimate is based on actual costs for the locations that opened in 2020, the estimate includes the following costs: equipment, construction, lease deposits, franchise fees, training, pre-sale expenses, working capital (3 months), and some miscellaneous expenses. A franchise representative can discuss these costs with you in more detail. Additionally, The Camp offers assistance with loan applications and processing.
- How do I find a location? You know the old saying “location, location, location” well we at The Camp understand the importance of a great location with good signage, ample parking, and great co-tenants. We think this is so important that we assist you with locating a space, negotiating the lease, and connecting you with construction vendors to ensure your Camp looks and feels like the real deal. Our real estate team and local broker network will work around the clock to ensure that you have the very best location with excellent lease terms.
- How do I hire a staff? Without a doubt having a warm welcoming and caring staff is one of the most important parts of any business. Our team will help you hire staff using several of our preferred vendors such as Indeed and Zip Recruiter. Systems are in place that allow you to filter out the most qualified candidates, conduct interviews, and make competitive offers quickly. Once the staff is hired you can rest easy knowing that The Camp offers a comprehensive training program.
- When will I break even? This is a fantastic question and will vary depending on each club’s individual expenses: rent, payroll, utilities, marketing, etc. However, our team will help you understand past performance of existing Camp locations. We’ll help you forecast not only revenue but expenses. In the past we’ve had franchise owners open a second location in under a year. If you’re willing to do the work and follow the established procedures the possibilities are endless.
- What type of support can I expect? The Camp offers initial and ongoing support to all of our franchise owners. Our in-depth training program (2 weeks/ 80 hours) will empower you with the knowledge to run your facility and ensure that your entire team understands the ins and outs of daily operations from the get-go. Marketing and sales training are next as we help launch your pre-sale program. The Camp offers weekly training sessions for your team, monthly training sessions for our franchise owners, and weekly consultations for our owners with your very own FBC (Franchise Business Consultant). Benchmarking is provided monthly as well as a full business review: revenue, expenses, customer feedback, etc.
The Camp Transformation Center is one of the fastest growing franchise systems in the US today. We continue to rank on Entrepreneurs Franchise 500 index year after year, consistently ranking higher and higher each time. Additionally, The Camp TC was ranked as 8th on Entrepreneur’s Top New Franchises of 2021. To learn more about our franchise opportunity you can click here.
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