Franchisee Nigel Blackwell reckons financial fitness is just as important as physical fitness.
He should know. As the new operator of the Snap Fitness business in the Brisbane suburb of Carina, he acknowledges that livelihoods are on the line when purchasing a franchise.
Heeding his previous experience and the advice of experts, Blackwell did plenty of due diligence before joining Snap Fitness, a fast-growing US franchise system now targeting the Australian market.
Launched in 2003, the chain now has about 1000 clubs in the US, Canada, Mexico, New Zealand, India and Australia.
“In any venture you undertake, do your homework and seek financial advice,” Blackwell says.
Franchises remain a popular form of small business in Australia and many performed strongly during the recent financial crisis.
