At just 29 and 26 years of age respectively, Maulin and Marshnil Patel prove franchising is a viable investment option for people of all ages.
As franchisees of the Stepz Fitness club in the Brisbane suburb of Upper Mount Gravatt, the Patel’s oversee all aspects of the gym, ensuring it runs smoothly day in, day out.
WHY STEPZ?
The pair was impressed by the Stepz business model, which they believe is both successful and well-structured.
“We had been looking for a business that we can work on rather than in, allowing us to continue with our jobs,” they explain.
“After doing some research and comparing it with other similar business models, we found the Stepz business model more attractive and affordable for members and the owners as well.”
FINANCIALS
The Patel’s were able to invest in the brand by taking a loan out with the bank, a process they believe was made easier because Stepz is a well-respected franchise.
“Since Stepz Fitness is a reputed franchise business with a number of successful clubs already running in Queensland and New South Wales, we had no problems in arranging finance with a major bank,” they say.
SUPPORT
The degree of training and support a franchisor provides can impact on the success of a franchisee’s business, and it seems Maulin and Marshnil have reaped the benefits of the Stepz program.
“Stepz has provided us with a significant level of support and assistance in understanding the business in more detail, and we now feel more confident running our own club,” they say.
Stepz’s support has also enabled them to enjoy a healthy work/life balance. “We’ve found it quite easy thanks to the extremely supportive team from Stepz.”
WORKING TOGETHER TO BETTER THE BUSINESS
Maulin and Marshnil enjoy working on the business together, and believe it enriches their relationship.
“We believe it’s the best opportunity for us to understand each other even more and bring out the best in each other,” explains the pair.
They enjoy working together so much, there are plans to open a second club in the near future.