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We are the leading providers of kids fun multi-sports programs for Sport and Recreation Centres. Programs cover twelve common sports as well as Gross Motor Skill Development and suit children from as…
read moreAustralian-founded fitness franchise BFT has been awarded the highest possible business rating by franchise-focused research and advisory firm FRANdata.
FRANdata’s independent review scored a 5/5 star rating and a franchise credit score (FUND) of 750, demonstrating that that the chance of a BFT franchisee failing to repay their loans is minimal. Noting that “a franchise can only achieve this rating by being able to demonstrate a high level of transparency and a very high level of franchise performance”, a BFT spokesperson stated that “the results make it a lot easier for a franchisee to get a loan as the chances of them failing to repay is minimal (and that) many banks will now be willing to loan money for the entire business not just equipment.”
Commenting on BFT’s performance, FRANdata’s Australian Chief Executive, Darryn McAuliffe noted “the review evidenced a very successful franchise model across all categories measured.
“As expected, the strong trading performance across the network is delivering solid financial outcomes for individual franchisees. In addition, feedback from the network reflected a high level of franchisee satisfaction, brand pride and positive forward sentiment”.
BFT APAC Chief Executive, David Aitchison added “BFT is thrilled with this result as it validates all of our hard work focusing on strong governance and our robust processes. It is also a brilliant reflection of the high quality franchisees within our network and the trust they have placed into the BFT product to bring a world class fitness experience to their local community”.
McAuliffe went on to say he expected “heightened interest in BFT from the lending community given the franchise system has made independent and detailed credit underwriting reports available to lenders reflecting a very sound risk profile”.
Rating assessment outcomes from the Australian Franchise Rating Scale™ are being delivered now to participating franchise systems and recorded The Australian Franchise Registry™.
Having just opened their 230th studio - including its second UK locations - and forecasting that it will open more than 100 studios in the next 12 months across the Asia-Pacific region, the spokesperson added “BFT (will) continue to go from strength to strength”.
With more than 50,000 members globally, BFT advise that the “average member number for studios over 12 months old has grown from 200 in 2021 to 220 in 2022”.
FRANdata is a franchise-focused research and advisory firm specialising in lead generation, target marketing and performance analysis.
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7th March 2023 - IBISWorld sees declining fitness industry revenue and potential saturation of budget 24/7 gyms
2nd March 2023 - Fitness Playground rebrands as One Playground
21st February 2023 - Mel Tempest announces return of her Ignite Fitness Business event
13th February 2023 - UBX fitness brand announces plans to open more than 145 gyms in Japan
7th February 2023 - Fuel Women’s Fitness Business Summit returns for 2023
14th January 2023 - Les Mills identifies three key fitness trends set to shape 2023
2nd January 2023 - ACSM predicts wearable technology as the top fitness trend for 2023
17th February 2023 - BFT franchisee explains progress of her Hamilton East studio
5th October 2022 - BFT launches new internationally accredited courses to drive coach retention and engagement
29th September 2022 - Australia’s BFT launches first UK studio
16th August 2022 - BFT to hold their first global open day in September
16th July 2022 - BFT opens 200th studio
7th July 2022 - BFT announces PUMA partnership for Oceania
30th May 2022 - BFT name David Aitchison as APAC Chief Executive
29th April 2022 - Xponential Fitness recognised for franchise ‘deal of the year’ with acquisitions of Rumble and BFT
31st March 2022 - BFT launches bespoke heart rate system for group training
28th October 2022 - Opening of first North American Body Fit Training gym
15th February 2022 - F45 loses legal battle with Body Fit Training over workout patents
15th October 2021 - Body Fit Training to expand in the USA with $60 million intellectual property sale to Xponential Fitness
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