Why a franchise? I can just open a yoga studio on my own. . . . .
Answer: According to the US Department of Commerce, over a 10 year period, independent businesses, Yoga or otherwise, have an 82% failure rate. Franchised businesses however, have been 90% successful over the same period of time.
38% of independent businesses fail in the first year while less than 5% of franchised businesses fail in the first year.
Total franchise sales exceed $1 trillion.
Franchises represent 40% of all sales in the United States, while representing only 8% of all businesses.
94% of franchise owners consider themselves successful.
75% of franchise owners would repeat their franchise again, while only 39% of Americans, would repeat their jobs or their independent businesses.
Most all franchised 1 on 1 Yoga Studios are opened in Colonies (groups). When you hear the old adage: “You’re in business for yourself but not by yourself”, with 1 on 1 Yoga, it’s an absolute truth.
If there are five 1 on 1 Yoga Studios in your Colony, you are getting five times the local advertising for your buck. It’s like getting 80% off of each advertising campaign because you are sharing the expenses.
You have a team of Marketers, Social Media Promoters, Business Advisors, Sales Trainers and a Council of Yogis for workshops and expanded education.
There’s even a full time Yoga Call Center to handle and book your inquiries.
There is no way one studio, even a mega-studio, could afford all these necessary services. It’s the collective effort of the group that makes it possible.