World gym partners with Cresa to provide powerful real estate assistance to franchisees
This press release was originally posted on Club Industry.
Cresa Helps Franchisees Identify, Negotiate, and Secure New Locations.
Newport Beach, California– October 14, 2020 – World Gym International, the iconic global fitness brand, has partnered with Cresa to find outstanding locations for franchisees, and then negotiate the lease or property acquisition. Cresa is the world’s largest tenant representation firm, which means they are free of the conflicts that arise when the firm also represents landlords. They will work with franchisees and potential franchisees in the US & Canada.
“World Gym has added new locations during this challenging year which demonstrates the power of the World Gym brand, and because we’re able to identify and leverage real estate opportunities thanks to our partners at Cresa,” said Jackie Mendes, Head of Franchise Development for World Gym. “Real estate is the largest single expense for gyms, so finding the right location and negotiating the best deal is absolutely critical. Cresa are world-class experts who will help ensure franchisees get great deals that will set them up for long-term profitability and success.”
“This is a great time to be a real estate buyer or lessee due to the effects of the ongoing pandemic which will continue to amplify the retail apocalypse,” added Jeffrey D. Mintz, principal at Cresa. “At the same time, I remind people that they have to do their research and get expert guidance. There are a lot of details that have to be buttoned down.”
Cresa ensures that World Gym franchisees are well protected when negotiating leases. Cresa has offices in most major markets in the US & Canada, and relationships in place in smaller markets; accordingly, it can survey an entire area of interest within almost any market – always with the franchisee’s interest being their sole focus.
World Gym recently welcomed World Gym Houston to its network which will open in early 2021. World Gym is working on several additional new franchise locations by the end of 2020. For more information on becoming a World Gym owner, visit WorldGymFranchising.com.
Club Industry was not involved in the creation of this content.
About World Gym International
The iconic World Gym brand was founded in 1976 by Joe Gold during the glory days of “Muscle Beach” in Santa Monica, CA when serious fitness collided with the world of Hollywood celebrities. Since then, World Gym has evolved into an internationally recognized brand that has captured the imagination of fitness enthusiasts around the globe. World Gym is dedicated to creating a network of ultimate workout destinations everywhere. With its headquarters located in southern California, World Gym currently has over 200 locations in 22 countries and territories. To learn more about World Gym and franchise opportunities with this storied brand, please visit worldgym.com.
Image source @worldgymglobal