If you’ve ever wanted to get into the fitness franchise industry and don’t know where to start, you might consider a kids’ gym. There is no better time than now to open a kids’ gym amongst the booming youth sports market.
Kids’ Gym Franchise vs. Adults’ Gym Franchise
There are many reasons why you should choose a kids’ gym franchise rather than an adult-focused gym. Yes, physical fitness is important at every age; however, it can be a crucial part of a child’s development. Kids’ gyms are very specific and can offer many opportunities for children and teens that adult gyms cannot.
A kids’ gym franchise can give kids a chance to socialize with others their own age and a chance to learn teamworking and discipline. Kids will also be exposed to various sports, giving them a chance to participate in different ones to see what they like best.
But are they profitable?
With any potential business venture, it’s important to understand the profit potential in your chosen industry. When it comes to kids’ franchises, we have seen a spike in numbers over the past few years. In 2022, the children’s fitness center market was valued at $574.7 million, according to IBISWorld.
You can set individual membership rates and family group rates. You can also host events at the gym to bring in revenue or rent it out to sports teams for private workouts. In addition, the demand for kids’ gyms is high, however the supply is low. Gyms that are kid-focused are not as popular as your typical gym meant for adults. This niche market is new, giving you a competitive advantage. Your market of opportunity is huge, and you have the ability to make it the best youth sports franchise possible.
Youth Sports on the Rise
Over recent years, we have begun to see a major climb in youth sport participation statistics. Currently, the youth sport market is valued at $19.2 billion. In the past, many young people participated and competed in sports in hopes of earning an athletic scholarship to college.
But with the 2021 changes in NCAA eligibility rules, youth today can earn money based off their name, image, and likeness. Young athletes can showcase their talents across social media platforms and increase their following while also earning brand deals.
Alternatives to Kids’ Gym Franchises
Opening a kids’ gym franchise is not for everyone. But just because this might not be the right choice for you, doesn’t mean there aren’t other franchise opportunities out there. A great alternative to owning a kid’s gym is Skyhawks Sports, a kids’ sports franchise.
Skyhawks franchisees can offer up to 11 different youth sports. These programs include summer camps, leagues, after-school programs, STEM Sports, clinics, and classes. The various programs allow for the franchisee to bring in multiple streams of revenue.
Skyhawks will provide training and support to ensure you’re prepared to build a successful franchise. Your initial investment is low, ranging from $30,300-$89,750. As a franchisee, you’ll also be your own boss. This allows you to have a healthy work/life balance that works best for you and your family. So, do you think the youth sport market is right for you? If that answer is yes and you’re ready to dive deep into youth sport franchises, request franchise info and let us help you make a difference in the lives of kids everywhere.
