Scaling your franchise Empire: Strategies for multi-unit success
Ty Menzies
Global CEO - Lift Brands | Leading Innovator In The Fitness Industry And International Franchise Organization | Health & Wellness Franchising Expert | Fitness Business Leader | Creating Happy And Healthy Lifestyles
In the world of franchising and at Snap Fitness, owning a single unit or gym can be a stepping stone to greater success. For ambitious entrepreneurs though, scaling up to own multiple franchises within the same brand offers an exciting path to growth and increased profitability. However, expanding from a single unit to five or more requires careful planning, strategic thinking, and effective management but with a well-known and trusted brand this accomplishment can be easier than you think. Here's how you can successfully scale your franchise business:
Master your first unit
Before considering expansion, ensure your first franchise unit is running smoothly, it’s successful and profitable. Use this initial experience to thoroughly understand the brand's operations, customer base, and local market dynamics. Your first unit serves as a proof of concept and a learning ground for future expansion.
Develop a growth strategy
Create a clear plan for expansion. Consider factors such as:
A well thought-out strategy will guide your decisions and help you avoid overextension.
Build a strong team
As you scale, you can't be everywhere at once. Invest in recruiting, training, and retaining talented managers who can run each unit effectively. Look for individuals who share your vision and can operate with some autonomy while adhering to brand standards.
Maintain strong relationships with the franchisor
As a multi-unit franchisee, you become a more significant partner for the franchisor. Foster a good relationship with them, as they can provide valuable support, resources, and sometimes preferential treatment for expansion.
Focus on consistent quality
Maintaining consistent quality across all units is crucial for your reputation and indeed the brand's.?
Secure adequate financing
Expansion requires capital. Develop strong relationships with lenders and investors who understand franchising. Consider options like SBA loans, traditional bank loans, or partnerships with private equity firms specialising in franchise investments.
Adapt to local markets while maintaining brand consistency
While consistency is key, each location may have unique market characteristics. Find the right balance between adapting to local preferences and maintaining brand standards.
Plan for succession and exit
As your franchise empire grows, think about the long-term. Develop a succession plan and consider your eventual exit strategy.?
Scaling your franchise business is an ambitious goal that requires dedication, strategic thinking, and effective management. By mastering these key areas, you can build a thriving multi-unit franchise operation that delivers consistent quality, strong financial returns, and a solid foundation for continued growth. Remember, success in multi-unit franchising comes not just from rapid expansion, but from sustainable, well-managed growth that benefits you, your employees, your customers, and the brand as a whole.
News from the EMEA region
Snap Fitness Tullamore! Snap Fitness is celebrating our sixth gym in the Republic of Ireland, which will open this November. Located in a prime spot in Tullamore Retail Park, the gym is revitalising a unit which has been vacant since June 2023. It is owned by an existing, multi-site Snap Fitness franchisee who is opening his first location in the Irish market.?
Reaction from the local community has been extremely positive.?
Here's a preview of how the site will look!
领英推荐
Snap Fitness is coming to Southport this autumn! Opening in the popular M Park Central 12 retail park, the gym will be over 7,000 sq. ft. and provide the local community with round the clock access and an inclusive fitness experience suitable for everyone.?The build is currently underway and we can provide a sneak peek of what people can expect when we open our doors thanks to these stunning renders....
News from the APAC region
The team are celebrating the sale of Snap Fitness #346, a brand-new 970m2 facility and the 14th club opened by our passionate franchisees, Jye and Kristy Thorbjornsen. Their dedication to expanding our network is truly inspiring. A special thanks also goes out to Shane, Anna, Nikki, and the entire team for their outstanding work in bringing this project to life.
We also celebrated the grand opening of the spacious 580 m2 facility, Snap Fitness Oxenford #345, the 13th club on the Gold Coast! The team celebrated a fantastic launch with a strong show of support and dedication. A huge shoutout to Dion, Maya, Lexi, Kyla and Eve for their exceptional hard work and commitment.?
CSR?
Snap Fitness Asia Pacific is proud to share an extremely worthwhile campaign with LIVIN. The campaign aims to combat the pressing issue of suicide in Australia, where 9 people die by suicide daily, and 65,000 attempt each year. LIVIN is committed to tackling these challenges by promoting mental health education and breaking down stigma.
For $10, you can help power the next decade of impact and support LIVIN's mission to create a future where suicide is no longer the number one killer of young Australians.
Discover more and join the movement here: https://lnkd.in/g-tfQbUj
Come and meet the team?
The UK team will be exhibiting at the National Franchise Exhibition next month... but why visit??
Our Head of Sales, Kristen Horler, has put together her top reasons why you should consider attending a franchise exhibition, whether you’re new to franchising or not. Check out her post here: https://lnkd.in/e8WP_nvh
Awards!?
We’re thrilled to announce that we’ve been shortlisted another global award - ‘Best Use of Technology in Customer Engagement’ as part of the Engage Customer Awards!??
Our already award-winning Snap App is redefining fitness experiences and supporting members across the world on their holistic wellness journeys.
Good luck team!?
Success stories
“When I was recreating this gym, I wanted the members to have a great experience, the best equipment and service to match” ??
Franchising with Snap Fitness has allowed Zabir Ali to open a gym in the same unit where he trained 15 years ago ??
This franchisee story gives a glimpse into how Zabir has created a stunning community gym in Fareham which is a firm favourite in the local area.?
Inspired by Zabir’s story? Take the first step by requesting a free franchising information brochure athttps:// lnkd.in/e24kdadd
Great insights on multi-unit franchise ownership! Strategic planning truly makes all the difference. What do you find most crucial for effective management in this space?
Fitness & Pilates Business Strategist | Driving Growth & Efficiency | Servant Leader | Open to Leadership Roles
1 个月This is solid advice for any business owner. Thank you, Ty.
Head of Franchise Sales UK & Ireland at Lift Brands
1 个月Great advice!
FLEXIT | Flexible Commercial Real Estate Advisor to Landlords | Specialising in Managed & Serviced 'Flex' Offices | Strategic Planning, Feasibility & Execution | Brokering & Disposing of Flexible Office spaces.
1 个月Good solid advice Ty Menzies and would apply to almost any franchising model I'm sure.