Five Scottish entrepreneurs are aiming to hit the £2m pre-tax profit mark in two years after striking a master franchise deal for Scotland from Energie Fitness Clubs.
The quintet, which signed the £250,000 agreement in March, now plans to “open or convert” 20 Energie fitness clubs through franchises over the next couple of years, plus 80 smaller operations around Scotland.
Their ambition is to make Energie the biggest brand name in fitness clubs in Scotland, and pull business away from the likes of entrepreneur-turned-TV star Duncan Bannatyne.Ironically, Bannatyne reportedly rebuffed a £120m offer for his Leisure’s fitness arm by Energie in 2005.
Jim Durie, the chief executive of Energie’s Scottish operation, who was previously a principal officer with South Ayrshire Council’s sport and leisure development department, said: “It was a simple case of if you can’t buy them, take them on in the market place’. I mean this completely without animosity.
“The fact of the matter is that 95% of people who start franchises succeed, while only around 40% of people who start businesses succeed.
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