$100,000–$150,000

SPEEDFIT

Get into a fitness franchise with a difference. Instead of requiring clients to squat, lunge and run their way through a fitness program several times a week, SpeedFit provides a similar but more intense workout for a much smaller investment of time.

The Aussie business harnesses electrical muscle stimulation with personal training techniques to maximise effort and produce results without the commitment of several trips to the gym each week.

The business was established in 2013 and began franchising three years later.

It’s a turnkey business, so site selection, studio fitout and deployment of marketing is part of the package.

While franchisees don’t need to have a fitness qualification, anyone conducting client sessions is required to hold a Certificate III in Fitness.

Every franchisee undertakes an initial two weeks of comprehensive training covering fitness techniques and business methods. Marketing support includes monthly campaigns, partnerships and local area marketing activities.

There are additional costs: a $50,000 franchise fee, and $53,000–$55,000 equipment fee – however, equipment can be leased for $1000 a month.

Right now the Perth-based business is expanding across the east coast of Australia.