In this episode of Industrious Radio, hosts Steve and Jeremy share exciting developments regarding the franchise’s expansion, particularly in the Greater Seattle area.
Momentum in Greater Seattle
The hosts discuss the growing interest in Industrious franchises, especially in key territories like West Seattle and Tacoma. As demand increases, prospective franchise owners are finding the opportunity to secure territories becoming more competitive, leading to discussions about potential adjustments in the franchise agreement to facilitate quicker decision-making.
West Seattle Update
West Seattle is set to enter the pre-sales and construction phases soon. The team is poised to sign all necessary documents, marking a significant milestone in their franchise journey. Steve and Jeremy reflect on the thrilling transition from planning to construction, highlighting the excitement of building the gym and engaging with the community.
Key Insights on Franchise Development
The hosts emphasize the importance of managing real estate, construction, and financing simultaneously. Overcoming initial hurdles at this stage brings a sense of relief and anticipation for what lies ahead.
Bellevue and Market Trends
Shifting the conversation to Bellevue, the hosts note a recent softening in the real estate market, resulting in more viable spaces becoming available for franchises. They liken the franchise search process to buying a home, acknowledging the emotional highs and lows that come with it.
Flexibility in Franchise Agreements
A focus on the flexibility afforded to franchisees is discussed, including extended timelines for opening gyms. This approach allows franchise owners to prepare financially while securing their territories, making the process more accessible.
Gym Talk Podcast Appearance
The hosts reflect on a recent guest appearance on the Gym Talk podcast with Stu, a respected figure in the fitness industry known for his candid insights. The validation of the Industrious brand during this discussion reinforces confidence in their business model.
Conclusion
The episode wraps up with a call to action for those interested in franchising opportunities, particularly in the Greater Seattle area and beyond. Steve and Jeremy encourage listeners to reach out and explore the potential of bringing the Industrious experience to their communities.
