Becoming a franchisee is both a lot of work and a rewarding life decision – providing ambitious individuals with the freedom and financial security they desire. At REGYMEN Fitness Franchise Office, we are excited to go over the upsides and downsides of various franchise ownership models. Hopefully, the following information will help you determine which model best suits your professional goals and preferred lifestyle.
Our number one priority is to go above and beyond to support our franchisees as they work toward success and happiness. That is why we offer both semi-absent and owner-operator models. We believe you should choose the ownership approach that complements your skills. To make an informed decision, you’ll need a thorough breakdown of the different options. Let us help you understand the pros and cons of each model today!
Reliable Franchise Development & Support
First and foremost, teaming up with REGYMEN Fitness Franchise Office offers countless benefits. You will receive elite resources and support at all stages – from launching your location to running operations smoothly.
Our franchise development team will be committed to your location’s growth and stability. We will assist with:
- Selecting a site
- Designing your studio
- Ordering equipment
- Hiring an elite staff
- Marketing & pricing
- Planning a grand opening
- Organizing community events
- And much more!
Once your business is running, we will remain available to provide premium support at any time. Ideally, you will have a seamless system that practically runs itself. To attain this level of operational efficiency, you’ll need to figure out which ownership model matches your needs. However, if you are new to franchising, you may be unfamiliar with the differences between running operations as an owner-operator vs. a semi-absentee. Each type of ownership involves unique strategies that deliver advantages and disadvantages. By understanding these qualities, we believe you’ll be able to find the best fit for your personality and entrepreneurial aspirations.
The Pros & Cons of The Owner-Operator Model
The most common type of franchise ownership is the owner-operator model. This approach will give you hands-on control over operations. You will manage various facets of the daily tasks and assignments necessary to keep things running smoothly – leading your staff and overseeing your facilities.
Of course, this doesn’t mean that you will be responsible for everything – owner-operators still hire and delegate roles to managers, supervisors, and employees. It does mean you will actively immerse yourself in everyday operations on a firsthand level. As a result, you will need to be fully available and personally invested in inputting the effort necessary to see your business succeed.
The Pros & Cons of The Semi-Absentee Model
The other primary franchise ownership model is the semi-absentee approach. The semi-absentee owner is less hands-on than an owner-operator: hiring a team of managers and distributing specific responsibilities to various positions. This model relies on managers to take care of daily operations – functioning as critical intermediaries, supervisors, and leaders.
In many circumstances, the semi-absentee model is untenable during the initial stages of running a franchise location. Getting the systems and team members in place can take considerable time. We recommend ensuring your operations are adequately established and functioning with a high level of self-sufficiency before you begin to let go of the reins.
Because you are sacrificing control, you will need to invest a significant amount of trust in the team you hire. At the same time, there are many upsides to building a talented group of dedicated professionals. Divvying up operational responsibilities can provide you with more time to focus on niche areas of specialty. This distribution will allow you to use your talents and energy more intentionally – concentrating on tasks where you excel.
Let us look at an example. If you are a great marketer but struggle with back-office tasks, a semi-absentee ownership model will provide you with more opportunities to network and create effective outreach campaigns. The downside is the salary costs of hiring more employees. The upside is the increased efficacy of your business.
What Franchise Ownership Model Should I Choose?
There is no easy answer to this question. Our sole priority is to help you discover the strategy that works best for you. Owning a franchise location is never a passive undertaking – regardless of what model you choose. To ensure your business is thriving, you will need to make critical decisions and navigate shifting trends in the local economy and fitness industry.
A semi-absentee model is often ideal for franchise owners who believe they’ll do best by organizing a synergistic team of compatible professionals. One common misconception of semi-absentee ownership is that the revenue stream flows effusively with zero effort. However, by hiring, delegating, and guiding operations efficiently, you may enjoy more freedom and agility. Over time, the systems you put in place will hopefully become increasingly streamlined and fine-tuned. As this happens, you may gradually reap the rewards of becoming less involved in menial, everyday operations.
Whatever ownership option you choose, REGYMEN Fitness Franchise Office will be by your side every step of the way. We proudly provide our franchise owners with the tools, connections, and infrastructural support they need to overcome challenges and acquire increased flexibility. By creating a robust system together, we can alleviate the pressure of running a business while boosting profit margins at the same time. Transform your future by forming a symbiotic relationship with REGYMEN today!
For more information about our franchisee development, call REGYMEN at (866) 954-1590 or contact us online today!