How to Buy Into a Butterfly Franchise
- 1). Focus on education. Get familiar with the details of running a fitness club franchise. Pay visits to as many Butterfly Life health clubs as you can and talk to other franchise owners about what it takes to run a Butterfly Life franchise. This will help you decide if this is the franchise opportunity for you.
- 2). Request information. The first step in the process of buying a Butterfly Life franchise is to contact the company for information. (See References). A company representative will be able to give you information for prospective franchise owners.
- 3). Get your finances in order. You will be expected to provide information on your net worth, your assets and liabilities. It is a good idea to start preparing this information now so you have a better idea of how much more financial responsibility you can take on.
- 4). Explore your financing options. If you are not self-financing and will be getting a loan from a bank, you will need to present a good business plan in order to get approved. Butterfly Life does not provide financing to prospective franchise owners. You will need an initial investment of between $65,000 and $140,000 (as of 2009) to open a Butterfly Life franchise.
- 5). Open your Butterfly Life franchise. Once you are approved you are ready to open your franchise. In the beginning you will spend a lot of time on training and business development, which Butterfly Life provides.
