Fitness Studio franchises- is there a list of best and worst?
I am exploring options for boutique fitness franchises, but found Orange Theory’s high default rate alarming. I am wondering about rankings and data available for this industry which include some of the newer franchises to help me make a sound decision.
Entrepreneur Magazine has a great ranking system, since they pull together investment costs, royalty fees, growth rate and closure rate to make their determinations. You can see an article they put together for their top 5 fitness franchises here (from 2017). Or, check out their full franchise section for more in-depth and current data.