Once you submit some basic information about yourself, we will contact you and provide you with a Franchise Disclosure Document (“FDD”) which will answer a number of questions regarding World Gym, its history, its management, its operations and its various investment costs. All this coupled with information about you and your resources, your business history, etc. will help you answer this question.
As we begin the process of evaluating each other to determine if we are a mutually beneficial fit, we will work with you to help you determine all of your financial requirements in starting a World Gym. Meeting and talking with other franchisees will also be beneficial in answering this question. Our FDD also addresses this question.
We will help you carefully budget your “living expenses” and other costs involved with starting up your new World Gym business. Again, the experience of our franchisees will be very helpful.
There are many factors to consider in answering this question (location, population, competition, gym size, etc.) and we will insure that you have access to all the information necessary to help you determine this answer.
As a major worldwide franchise with decades of operating experience, World Gym has relationships with and contacts for various lenders that you can evaluate to help you with equipment purchases, operating capital, etc. The most common forms of standard financing are bank loans, commercial equipment leases, etc. Additionally, many banks work closely with and are “preferred lenders” with the Federal Small Business Administration (SBA) and can assist in applying for SBA loans.
There are numerous factors to consider. But as you perform your “due diligence” on the World Gym opportunity, you will have numerous resources and opportunities to help you answer this question. Our FDD information coupled with the many years of operating experience of our franchisees will help you arrive at well considered answers to this question.
When you become a World Gym owner, you join a global family. Our support team and global network of gym owners are there to help you succeed each step of the way.