SPEEDFIT SUPPORTS FRANCHISEES WITH NEW PART OWNERSHIP MODEL

Australia’s largest EMS (electronic muscle stimulation) personal training franchise company, SpeedFit, will offer new franchise owners an opportunity to get into the market with a unique, part ownership model, designed to help boost small business ownership in the wake of COVID-19.

Talking about the offer, Matej Varhalik, CEO and cofounder of SpeedFit, said: “We know our model works so we have decided to reduce the barriers to entry for those interested in running their own business in the health & wellness space, and will provide the necessary training and education to help them succeed.”

Prior to announcing the national offer, SpeedFit trialled the partownership model at theirKotara, New South Wales location.

Amy Hart, co-owner of SpeedFit, Kotara, said: “A few years back I was carrying some major injuries and found nothing worked for my rehabilitation until I tried SpeedFit. I was not only blown away by the results but the entire, personalised experience and soon became a studiomanager.”

“I soon realised that what I really wanted was to own my own SpeedFit studio so I approached Matej and asked if there was any way we could make it happen. I was upfront about the fact that I couldn’t afford to buy a franchise on my own but instead of saying, ‘no’, Matej said, ‘let’s work something out’.

“The part ownership model works perfectly for me right now and fits into my plan to not only one day have 100% ownership but also open a few more studios.”

https://www.speedfit.com.au