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A recent report published by Allied Market Research notes that the global family/indoor entertainment centers market was valued at $30.9 billion in 2022, and is projected to reach $88.7 billion in 2032, growing at a CAGR of 11.5% from 2023 to 2032. Family Entertainment Centers (FECs) provide safe and fun environments for families and friends to spend time together, but they also impact the local and regional economy. The U.S. Family Entertainment Center industry supports over 37,000 direct jobs and indirectly contributes to over 108,000 jobs. FECs drive travel and tourism, and keep locations and surrounding communities vibrant. Looking to revitalize your community? Talk to Tim. Learn more here: https://lnkd.in/esXTwZbD #boomerspark #bigkahunas #franchising #franchise

The Institute Of Competitive Socialising, the owner of Swingers - the crazy golf club, has said its venues are performing strongly and the business is “well placed for growth”. It comes as the group, which earlier this year raised $52m to support expansion through to 2026, reported turnover increased to a record £36,160,072 for the year ending 25 December 2022 compared with £14,357,054 the previous year. Revenue from UK operations was up to £17,203,242 (2021: £10,230,530) while US revenue rose to £18,956,830 (2021: £4,126,504). Pre-tax losses increased to £7,862,824 from £6,705,190 the year before as the business, which last week revealed it was set for a record-breaking festive period, continued its growth plans. Exceptional items in the form of restructuring costs totalled £128,733 (2021: £128,128). Co-founder Matt Grech-Smith told Propel: “Company trading is good. Next year is our Dubai franchise and our Vegas flagship launch – both big projects, and further sites are planned for 2025.” In his report accompanying the accounts, Grech-Smith stated: “In June 2022, the group opened its fourth global venue, in New York City. This site, together with the two London venues and Swingers’ first Washington DC venue, continue to perform strongly. In March 2023, the group opened its second venue in Washington DC. In December 2022, Swingers completed the lease for its flagship Las Vegas venue, opening in the autumn of 2024 at Mandalay Bay Resort and Casino. “In May 2023, Swingers agreed to open a new location on Bluewaters Island, Dubai, which will be Swingers’ first franchise, in partnership with Daud Investments. It will open in spring 2024. In May 2023, Competitive Socialising completed its Series-C $52m growth capital raise to fund its expansion through to 2026. This investment was part funded by Jampurchaseco, which followed on its Series-B investment of 2018. It was joined in the round by a number of third party institutional investors. “The board continues to manage the group’s cost base despite significant macroeconomic cost pressures but is well placed for growth over the coming years.” 👉 Find out the latest hospitality news first by signing up to the Propel email newsletter for free, here: https://lnkd.in/g_vS_S7

From aesthetically pleasing decor to a supportive community to flexible schedules – boutique fitness studios continue to take the world by storm. 🔥 With more franchises and single-location studios popping up every day, it is hard to not believe that the industry's value will continue to grow. That leaves one question – how are you bringing and retaining members into your studio? The time is now to ensure you differentiate your studio from the rest and have a solid sales process in place to capitalize on the projected growth.

We hope you get chance to take a break this summer 🌞 If you do, it's the perfect time to reflect and consider your next move. When you're rested and ready to explore your options, we'll be here. We have plenty of franchise opportunities with premium brands that we'd love to share with you, including: ✅ One of the world's leading lifestyle brands ✅ Amazing VR entertainment innovators ✅ Record-breaking retail galleries ✅ Rapidly growing fitness centres We can introduce you to franchising if it's completely new to you, or simply guide you through our options if you're a seasoned franchisee. This is how our expert team can help you: ⚡️ Answer your questions and provide free advice ⚡️ Give you an overview of our suite of brands ⚡️ Help you decide which one suits you best ⚡️ Arrange warm introductions to our partners Email us when you're ready to arrange a chat. We'd love to hear from you: 📧 [email protected] And if you're taking a summer break, we wish you a fantastic vacation! #FranchiseOpportunities 📷Photo by Pietro De Grandi on Unsplash

Ian Fraser, a former professional golfer, has assisted some of the world’s top golfers in finding the appropriate clubs as a master club fitter for TaylorMade Europe. Here's how he turned a lifestyle business into a million dollar exit. Read more → https://lnkd.in/gsJWaPN3 #businessownership #thingsentrepreneursshouldknow #entrepreneurship

Ian Fraser, a former professional golfer, has assisted some of the world’s top golfers in finding the appropriate clubs as a master club fitter for TaylorMade Europe. Here's how he turned a lifestyle business into a million dollar exit. Read more → https://lnkd.in/gsJWaPN3 #businessownership #thingsentrepreneursshouldknow #entrepreneurship

My friend Mark J. Burns recently authored a piece on why a relocated sports team doesn’t necessarily mean new fans. In his report, 1 of Burns’ key takeaways was that relocation isn’t a driving factor for fandom. Two-thirds of sports fans said a franchise’s move to a nearby city within the past 5 years had no bearing at all on why a team is their favorite. Instead, more than half of sports fans (55%) said a “major reason” why a sports team is their favorite is because they watched them growing up, followed by the team’s consistent performance during the season (34%) and its close proximity (33%). Why is this significant? As Burns states, “teams can’t be assured that fans will come through the turnstiles based on the excitement of their arrival alone. And in some growing markets — like Seattle and Las Vegas, for example — there’s now more competition to capture fans’ hearts and minds.” As such, it’s so important for a franchise to get ahead of its rebranding, marketing to fans in the potential new geographical location, and get involved in local community events as early as plausible in order to build equity with the new possible fan base. Ardent fans won’t just appear with inaction. At least that’s what Burns’ study suggests. https://lnkd.in/e3bQFFSu #linkedinsports #linkedinsportschallenge

I've seen the quality of service that national franchises receive when they are looking for a new location - it's incredible. National commercial real estate firms leverage and impressive fleet of resources to help these bigger brands find the perfect site. This is one of the reasons you hear that XYZ Franchise opened up and pre-sold 200 memberships - because they were in the PERFECT location based on their avatar customer. Then I saw what we were getting. Single or a few locations, independently owned gyms. We didn't have the national clout and $$$ opportunity for these commercial real estate firms, so we got the minimum viable service. Your local broker isn't going to do what they would for a bigger player in our industry. But that's why we exist. We provide the small business gym owner with the same suite of tools and resources that the larger firms do - and more. We go beyond brokerage and provide fitness industry-specific knowledge and strategies. We create financial projections based on your specific business and show you how to maximize your square footage for maximum profitability and client experience. We are The Gym Real Estate Company and we want to help gym owners lease buy buildings. If you need our services, grab a Discovery Call via the link in bio or head over to www.gymrealestate.co #commercialrealestate #gymowner #buythebuilding

My new video breaks down the importance of speed to me One rule we have is “speed it up by x3” But there are nuances - not all speed is created equal. In fact, pressing the wrong speed button at the wrong time can destroy the company… I really believe that we scaled to 382 gyms in 41 states because we were going fast the whole time - we were just selectively fast… Here are the different types of speed… 1. Operational Speed 2. Processing Speed 3. Expansion Speed 4. Timing Speed 5. Micro Speed This video talked about processing speed - most people think speed is “how fast I can expand” - there are times for that, but also times to Baily expansion and focus on operational speed. I break down all 5 types on my YouTube channel 🔴 Link in bio #business #speed #expansion #operations #timing #franchise #fitness

We believe in the power of community connection ~ and that power is both supported fueled by our beautiful spaces. Our studios are intentionally designed to not only allow for time to unplug and recharge, but also as a place to connect, learn, and be inspired. A unique aspect of the business ownership experience with Pure Sweat is that every Pure Sweat Sauna Studio and Pure Sweat Float Studio location is designed to be a reflection of its owner ~ no two studios are exactly the same. You'll never find a space that feels sterile or copy and pasted like other sauna, float, and cold plunge franchise concepts on the market today. ~ Our lobbies, like the lobby of Pure Sweat Float Studio Grimes pictured here, are beautifully architected with inviting lounge areas for clients to converse and engage ~ The retail offered within our studios is highly-curated, thoughtfully sourced, beautifully displayed, and serves as an extension of our mission, culture, and overall experience ~ Our studios frequently host community events featuring local mavens, healers, and thought leaders Boutique in design and elevated in experience, our clients appreciate the level of detail that goes into each session and all of the available add-ons that enhance each visit. When you become a business owner with Pure Sweat, you'll get to be hands-on in the design process for your studio. Equipped with a thorough, easy-to-use design guide along with one-on-one support from our team, you'll have the opportunity to create a space that is a unique reflection of who you are as a wellness leader. Interested in learning more? Get in touch with our team today: https://lnkd.in/gsxdiEMG #interiordesign #businessbranding #designexcellence #womeninbusiness #womeninbiz #beautifuldestinations #businessowners #entrepreneurship #franchisebusiness #franchisesuccess #franchiseopportunity #CEO #localbusiness #localbusinesses The Franchise Dept. Candice Bruder James Luy Chris Meibers Jazz Godard Alyssa Sanders