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Starting a gym: Profitable?
- Thread starter eat2gain
- Start date
walliwalibus
New member
If you can keep it open 24/7, get insurance on the free weights, and then pick the good peeps who are at the other places. Do some serious homework, and study who is a potential at another place. You know, like someone who actually looks like they are hardcore dude. Approach them and give out good fair deals.... that would be cool cuz you know you surrounded by good peeps who take it seriously, and you not chasing everyone for their payment.
do you expect to compete with the big corporate gyms?
What is your target market?
How big is the facility and what are the offered services?
What is your target market?
How big is the facility and what are the offered services?
milo hobgoblin
New member
I and a few other guys opened a Gold gym in North County San Diego back in the late mid 90's. Making a decent profit was a bitch at best.. between taxes, fees, insurance and outlandish lease rated.. UGH. Most of us worked 6 day weeks 10 hours min. as we were owner operated to keep costs down.
With that same model.. it "might" work if you could find some nice midwest low tax non-liberal state where you dont get fucked in the ass for all the insurance.. and the lease payments for the property are reasonable. You wont be rich but you could make a decent living until the corporate gyms open up.
It was fun while it lasted.. but I knew when it was time to get the fuck out..
the irony is we sold the chain to Ballys.. who eneded up pissing off the members and are now in bankruptcy..
I will say .. from the viewpoint of someone who has owned and operated a gym.. Ballys has the worst managers and customer service of any gym Ive ever worked at or been a member of. I have never seen lazier, slothful and stupid employees and managers in any industry than at Ballys.. that even includes my time in the USMC
With that same model.. it "might" work if you could find some nice midwest low tax non-liberal state where you dont get fucked in the ass for all the insurance.. and the lease payments for the property are reasonable. You wont be rich but you could make a decent living until the corporate gyms open up.
It was fun while it lasted.. but I knew when it was time to get the fuck out..
the irony is we sold the chain to Ballys.. who eneded up pissing off the members and are now in bankruptcy..
I will say .. from the viewpoint of someone who has owned and operated a gym.. Ballys has the worst managers and customer service of any gym Ive ever worked at or been a member of. I have never seen lazier, slothful and stupid employees and managers in any industry than at Ballys.. that even includes my time in the USMC
also, is it a franchise or are you building a private gym?
RobertFontaine
New member
The kind of gym I'd like to see.... 20 power racks, free weights, a few bikes, treadmills, rowers wouldn't make any money but it would be nice to own if it could pay for itself in perpituity.
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