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Best Sports Franchises For UK Franchisees
Franchising, as a business model, has a lot to offer to service sector businesses – a fact highlighted by the success of many sports franchises.
Running a business that revolves around a sport you love is an incredibly rewarding way of putting your passion and talent to good use. Across the UK, there exist numerous sports franchise opportunities, ranging from weekend karate coaching to full-scale football academies. On this page, you’ll find listed some of the most promising of these, across various investment levels and locations.
Understanding The Market For Sports Franchises
Sports franchises have the benefit of operating in a semi-lifestyle sector that grows in parallel with the overall economy. Overall, the sports sector in the UK is worth over £20 bn, of which a significant share is taken up by sports-as-a-service businesses, the kind to which most sports franchises belong.
Retail consumer spending on sports services and products is estimated to be over £8 bn each year, meaning that sport franchise opportunities allow you, as a franchisee, to invest in a thriving sector.
How Much Do Sports Franchise Opportunities Cost?
The minimum initial investment required to get started with a sports franchise largely depends on the franchisor’s track record. The more recognisable their brand name is, the more business you’re likely to generate.
A small-sized, purely service-based sports franchise requires you to invest a sum to the tune of £10,000 to £30,000. Football trainer businesses are good examples of this type.
On the other hand, larger, product-based sports franchises require you to up the investment significantly. Sports equipment retailer businesses, for example, need an upfront investment of over £100,000.
Passion Is The Key
If you’re passionate about sports and active lifestyle, you’ll enjoy running a sports franchise. That, however, doesn’t mean that you need to be a trained/experienced sportsperson to be able to run a successful sports franchise.
Much of the success of sports franchises depends on how well they execute the ‘subscription model’. It’s often less expensive to retain customers than find new ones, and hence, if you’re passionate about the sport in question, you’ll manage to win over your clients fairly easily.
Running A Sports Franchise From Home
It is indeed possible to run a sports franchise business from your home. You don’t really need to rent an office to conduct the daily operations, unless your franchisor explicitly requires you to do so (a rather unlikely scenario). Many franchisees book local facilities/grounds on a monthly basis to bring down the operational costs.