World Gym Partners With Cresa to Provide Powerful Real Estate Assistance to Franchisees
Posted: October 14, 2020 in Chains
World Gym
NEWPORT BEACH, CA – 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 U.S. and 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.
