Nz Fitness Industry

Within New Zealand a ontogenesis bout of people ar using the fittingness industry as a convenient means of improving and maintaining their well-organism. In recent times a market boom has taken place with to a greater extent and much lyceums being built throughout the country, and with them sweet credit line opportunities arising. One of the intimately reputation gyms in New Zealand, Les move is an example of one of these modernistic headache franchises.In the 43 years since Phillip mill about family started running their first Les mill about gym in New Zealand, the gym has since gone international with over 14,000 gyms in a flash spread throughout 75 countries worldwide and an estimated net worthy of (.. ) (citation). It is estimated that in New Zealand alone the gym industry generated over (. ) in 2008 (citation). along with the increase in gyms being established a fully grown analogy of the seaworthiness industry is now focusing on fare as an additional market for generating profit.This report serves to analyse and interpret twain psyche markets along with relevant figures, and impart outline the potential rising business prospects for investment or creating a new franchise in two markets. New Zealand has a braggart(a) fitness industry as instance has become a really important part of mundane life. like a shots gym goers are opting for low frills operators trading absent in high spirits end services in favour of convenience, price and flexible contracts.With more than 10% of New Zealands population now see an act professional regularly, on that point is a total of 400,000 people on mediocre seeing 1500 exercise professionals on a regular basis. (cited) close to of the spend gyms in New Zealand are Les Mills, Next generation and Jetts. Les Mills has a free-enterprise(a) emolument of having fun while exercise via the fitness classes that are suitable for all ages and sizes, such as Body Combat. Les Mills is a large firm that has privately owned companies headquarters in Auckland alone which are valued at $130 million.Les Mills believes that by 2020 they will open a further of 10 gyms in Auckland (cited Mills). The wellness and fitness market has been described as blandly premium as there is little deffirentiation between service offerings, indicating that there is opportunity for competitive advantage to be achieved through quality. In order to open a new franchise sufficient funds must be available. aspiration endure with a newly opened Les Mills Britomart, which was set up with a total cost of $10 million dollars. Margins are very lithesome for smaller gyms, so would need to be a large pretender to be successful.Nz Fitness IndustryWithin New Zealand a growing number of people are using the fitness industry as a convenient means of improving and maintaining their well-being. In recent times a market boom has taken place with more and more gyms being built throughout the country, and with the m new business opportunities arising. One of the most renown gyms in New Zealand, Les Mills is an example of one of these modern business franchises.In the 43 years since Phillip Mills family started running their first Les Mills gym in New Zealand, the gym has since gone international with over 14,000 gyms now spread throughout 75 countries worldwide and an estimated net worth of (.. ) (citation). It is estimated that in New Zealand alone the gym industry generated over (. ) in 2008 (citation). Along with the increase in gyms being established a large proportion of the fitness industry is now focusing on nutrition as an additional market for generating profit.This report serves to analyse and interpret both individual markets along with relevant figures, and will outline the potential future business prospects for investment or creating a new franchise in both markets. New Zealand has a large fitness industry as exercise has become a very important part of everyday life. Todays gym goers are opting for low frills operators trading away high end services in favour of convenience, price and flexible contracts.With more than 10% of New Zealands population now seeing an exercise professional regularly, there is a total of 400,000 people on average seeing 1500 exercise professionals on a regular basis. (cited) Some of the top gyms in New Zealand are Les Mills, Next generation and Jetts. Les Mills has a competitive advantage of having fun while exercise via the fitness classes that are suitable for all ages and sizes, such as Body Combat. Les Mills is a large firm that has privately owned companies headquarters in Auckland only which are valued at $130 million.Les Mills believes that by 2020 they will open a further of 10 gyms in Auckland (cited Mills). The health and fitness market has been described as blandly premium as there is little deffirentiation between service offerings, indicating that there is opportunity for competitive advantage to be achieved through quality. In order to open a new franchise sufficient funds must be available. Competition exist with a newly opened Les Mills Britomart, which was set up with a total cost of $10 million dollars. Margins are very slim for smaller gyms, so would need to be a large player to be successful.