HIPE ATHLETIC Franchise Opportunity
Ready to become your own boss?
Industry :
Beauty/HealthSub Industry :
Recreation/SportKey Strengths:
Low overheads & operating costsHuge growth potentialMinimal competitors in the areaWell positioned in the $2.2 billion fitness industry, HIPE Athletic’s unique offering consists of a fun and innovative approach to functional training with up to 60 classes per week, including HIIT, boxing, yoga, strength and cardio conditioning classes. They also offer group classes as well as one-on-one personal training and 12-week body transformations.
Key Features of the Business
- Unique combination of classes, offering a greater variety than other boutique fitness competitors.
- Appeal to women. Recent reports show that the growth in boutique fitness studios around the world is being driven by women seeking a more personalised gym experience. And more than 65% of HIPE Athletics class bookings are made up of female members.
- HIPE community where the members genuinely feel cared for and supported on their journey to better health. Lots of other businesses talk about this, but at HIPE Athletic they live it!
- Commitment to results means all members are kept accountable and motivated.
- HIPE Socials combine fun group activities outside the club, followed by social gatherings to strengthen the bond between members and staff.
New South Wales
Australia
HIPE Athletic offers a fun and innovative approach to functional training with up to 60 classes per week, including HIIT, boxing, yoga, strength and cardio conditioning classes. They also offer group classes as well as one-on-one personal training and 12-week body transformations.
Focusing on the local community, HIPE Athletic creates a close network of like-minded, positive people who enjoy assisting each other to create a more fit, energetic and happier individual. HIPE Athletic has experienced solid growth since they launched in May 2017 and by the end of the first year, they had sold 300 memberships – which grew to 500 sales after just 16 months of opening their doors.
To date they experienced incredible growth and their sales increased year on year by 51.5%! And, typically it takes businesses around 18-24 months to ‘break-even’, both of HIPE Athletics’ locations broke even after just three months of opening.
What makes HIPE Athletics different?
- Unique combination of classes, offering a greater variety than other boutique fitness competitors.
- Appeal to women. Recent reports show that the growth in boutique fitness studios around the world is being driven by women seeking a more personalised gym experience. And more than 65% of HIPE Athletics class bookings are made up of female members.
- HIPE community where the members genuinely feel cared for and supported on their journey to better health. Lots of other businesses talk about this, but at HIPE Athletic they live it!
- Commitment to results means all members are kept accountable and motivated.
- HIPE Socials combine fun group activities outside the club, followed by social gatherings to strengthen the bond between members and staff.
Right now, HIPE Athletic is at a point where its two locations are not enough to meet the growing demand of their offering, and require new franchisees to help bring HIPE Athletic to more communities across Australia.
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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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