Are you ready to buy into a new franchise business?

Sarah Stowe

Buying a business could be an exciting step into a new future. Whether you want to invest in an established brand name or a newbie on the franchising scene, there will be plenty of options to consider at the upcoming Perth Franchising & Business Opportunities Expo.

Here are two business models just launching their franchise models…

Speedfit

Forget weights equipment and sweaty gyms, Speedfit is all about tailored fitness training in a clean space, using a program of electronic muscle stimulation.

How long have you been in business and how long franchising?

Speedfit has been operating in Western Australia since 2013 and has just started on its franchising journey. It will be launching at the Perth Franchising and Business Opportunities Expo on Sunday 7th May.  

Who is your customer and why do they need your service/ product?

Our customers are upper middle to upper class who see value, not cost.  

They are time poor professionals who want the convenience of a rapid but effective workout, educated people who for medical reasons or otherwise need a workout program that is not too physically demanding.

Athletes, performance and sports people who want to supplement their training programs by using premium equipment and training methods; models and dancers whose physical traits are their profession and for whom it is important to look physically remarkable.

What is the cost of a franchise?

There is a range of $190,000 to $360,000 depending on the size of the studio.  This is the total cost to set up including working capital, bank guarantees etc.

How many territories or sites are you looking to fill in WA?

We want to set up between 20 and 25 locations.

What kind of skills do you want your franchisee to have?

Our ideal franchisee criteria:

  • Owner operator with business experience.
  • Fitness industry work experience is not necessary although each franchisee must obtain a Certificate III in Fitness, which takes up between eight and 12 weeks.
  • Passion and enthusiasm and demonstration of a healthy active lifestyle.
  • Must believe in the Speedfit system and culture.

Aquarium Gallery

This retail store aims to make aquarium shopping a fashionable and enjoyable experience, bringing a high standard of fish care, coral husbandry and aquatic gardening to the market.

Think high-end car showroom or jewellery store…

How long have you been in business and how long franchising?

We have been in business for 30 years with this concept being run for the last 4 years.

What is the cost of a franchise?

The cost of a turnkey franchise is $330,000 to $410,000.

How many territories or sites are you looking to fill in WA?

This is our launch and are offering our existing store for franchise and nine greenfield sites

What kind of skills do you want your franchisee to have?

We are looking for people with a passion for aquariums both fresh and salt either from a hobbyist or industry background.

For your FREE TICKET to the Perth expo on Sunday 7 May, visit www.franchisingexpo.com.au and use the code FMG.