Opening My Own Gym

[immortalis]

What city man? I have lived all over central arkansas, and currently still do.

 

[GymIntensity]

AR right here too.......


Oh and I really think it will take more than 160,000 to match the size of a Gold's Gym bro. I dont see how you can have a decent gym that pertains to the overall population without dropping a solid MIL.

 

[heavy_duty]

keep a lil air freshener over by the squat rack for the muscle heads who fart and shit on heavy leg day

and some barf buckets nearby too.

dont forget you have to pay a lot for advertising. I get fancy post cards from all the gyms in the mail every month, I'm in business too and I know that costs a lot.

plus:
heat
electric
phone lines (multiple)
insurance
water
yellow pages

I know you have thought of all this and not trying to insult your intelligence but all this shit usually costs a lot more than you first thought.

ANYWAY ---GO FOR IT--- else you'll never know.

If you have the up-front capital then go for it big time.

AND---->sell memberships while you're under construction <----that's super important!

 

[sparetire]

I was thinking that in Arkansas the land there is CHEAP! I can get a large "Gold's Gym" size building built there for only $160,000 and I could hire maybe 6 employees.....a fulltime aerobics instructor.....Ill have plenty of cardio on what I will call "the ladies rooms" and then the muscle heads will also have their area to lift anytime. Im thinking of also having a day care with a couple of small TVs for kids who might want to watch Barney or something while their parents work out or do aerobics....this town is indeed a gold mine waiting to be found.....NO GYM at all currently in this town where I was born....I live in Georgia now but will move back to Arkansas to do this. I know it will be EASY to get 300 members....so maybe Ill charge a flat fee of $45 per month, or if they add the aerobics to it, then it will be an additional $10 per month ($55 total per month for gym and aerobics) or if they want to do the gym, aerobics AND tanning then that will be a total of $75 per month for all three. And for those who do all 3.....they get free day care if they want or need it. What do you guys think?

Falcon

Nothing like a 24 hour gym bro.

 

[lanky]

keep a lil air freshener over by the squat rack for the muscle heads who fart and shit on heavy leg day

and some barf buckets nearby too.

dont forget you have to pay a lot for advertising. I get fancy post cards from all the gyms in the mail every month, I'm in business too and I know that costs a lot.

plus:
heat
electric
phone lines (multiple)
insurance
water
yellow pages

I know you have thought of all this and not trying to insult your intelligence but all this shit usually costs a lot more than you first thought.

ANYWAY ---GO FOR IT--- else you'll never know.

If you have the up-front capital then go for it big time.

AND---->sell memberships while you're under construction <----that's super important!

very accurate statements regarding the hidden costs of opening a small business

 

[chazk]

I live in Tampa and over the years I have watched small pop owned gyms go under, Lifestyles,Ballies ,extream fitness, really put the damper on the small guys.
Next to Tampa is a town called Brandon Lots of small gyms used to be open along highway 60 . Later this year a LA fitness 100,000 sqft mega gym the size of a fucking walmart super center us being built its gonna stomp out the rest of the gyms I know it. Some fuckers will drive past a K-mart 10 miles to save 50 cents at a Wal-mart down the road.

BUt I have noticed the hard core gyms like power house in tampa still holds the hard core body builders .I just cant figure out how they stay in bussiness.the owner must do it for the love of bodybuilding sure as hell is not the money ,Becuase Golds and lifestyles gets all that.They get the money from the fat asses that sighn up every year the first wek after new years and never return.

So just rember if you open a gym some one else will want to open one also and dont pick a area where a big gym will take over.

 

[MorganKane]

I was thinking that in Arkansas the land there is CHEAP! I can get a large "Gold's Gym" size building built there for only $160,000 and I could hire maybe 6 employees.....a fulltime aerobics instructor.....Ill have plenty of cardio on what I will call "the ladies rooms" and then the muscle heads will also have their area to lift anytime. Im thinking of also having a day care with a couple of small TVs for kids who might want to watch Barney or something while their parents work out or do aerobics....this town is indeed a gold mine waiting to be found.....NO GYM at all currently in this town where I was born....I live in Georgia now but will move back to Arkansas to do this. I know it will be EASY to get 300 members....so maybe Ill charge a flat fee of $45 per month, or if they add the aerobics to it, then it will be an additional $10 per month ($55 total per month for gym and aerobics) or if they want to do the gym, aerobics AND tanning then that will be a total of $75 per month for all three. And for those who do all 3.....they get free day care if they want or need it. What do you guys think?

Falcon

I know that with only 10K income a month you will be out of business pretty soon with what you list above.

If you think 10k is realistic then forget about it.
You need to make much more then that.
Work your business plan and you will see that really quick.

By the way, the money is not made from muscle heads.
Figure out who your main target area (the one that makes you the most money) are then build around that.

Starting your own business is a pain in the ass and most go out of business pretty quick. I think its over 80% that goes out of biz because of cash flow.
Been running my own for the last 10 years and you have no idea how many times I wish that I worked for someone else.

Not to discurage you but make sure you are ready for this and have the cash flow you need. If not you will fail.

Good luck..

 

[newbiebynature]

put a refrigerator next to the desk with bottled waters and RTD protein shakes and isopure and shit like that...youd be surpirsed how many people pay 1.50 at my gym for water cuz their too lazy to bring it from home (im guilty of this a few time)

 

[plurmurphy]

good ideas!

 

[X Man]

lets face it ur nest customer ares the donators....i.e. 40+ year old women like my mother who sign up to hit the gym as their new years resolution...go there for a month...then dont go the rest of the year. those are ur main money getters not the meat heads that are there everyday.... youve gotta accomadate both to make money