RIPT Franchise Opportunity - QLD
Australia's first & only budget functional training studio franchise
Industry :
Leisure/EntertainmentSub Industry :
Recreation/SportKey Strengths:
Low overheads & operating costsHuge growth potentialMinimal competitors in the areaRIPT is the first budget functional training studio to hit the Australian fitness market. Making gyms and fitness more affordable and accessible than ever before!
RIPT is the new player in the Australian fitness scene and soon to become ahead of the pack.
Now is your chance to get involved in the 2.2B fitness industry as an RIPT franchisee and give your community the fitness difference they’ve been looking for.
- A disruptive & scalable concept
- Filling a huge gap in the market with the affordable pricing and multi-dimensional offering
- A truly unique product, driven by technology and underpinned by a strong, supportive franchise model
- Fully digitalised proposition
- Low entry & set up costs
- High returns and high profit
- A highly systemised model that is designed for growth
- RIPT branding, market share and ongoing support throughout
New South Wales
Australia
F45 Training is the current market leader with 550 studios open - followed by Body Fit Training, Orangetheory Fitness and others sharing this market. All competitors have a similar offering - instructed live classes at peak times (morning, lunch & afternoon) with a similar pricing from $50 - $80 per week.
This led to a crowded and expensive mid market segment with a one dimensional offering – creating a huge gap in the market and an opportunity for a budget provider with a multi-dimensional offering.
Enter RIPT.
Replicating the huge success of budget gyms in Europe and the US, RIPT has developed a unique hybrid business model that allows the studio owner to benefit from multiple income streams through unlimited access memberships, gym only memberships, personal training and single/multi-visit passes.
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!
Can you afford the business? Do you need financing to assist with the purchase?
Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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