Hi all! I'm new here, and I joined after reading this topic, which I found from a google search on starting up a gym.
You mentioned the economy is harsh on smaller, self-owned gyms and I read that one of you avoided going into the business and the other recently sold his.
What say you to the concept of fitness franchises? Like Anytime Fitness or LA Fitness and their ilk? What are the major drawbacks of opening up a center with their name on the building? Is it like any other franchise? How would it be different than owning your own gym, besides the obvious full control self-ownership would allow?
An example:
http://www.anytimefitness.com/en-us/opportunities
They always make it sound so good. If only owning a business were so easy.
Thanks for any replies.