Hey all,
I live in a tiny village (population 2500) in upstate NY. I was talking to the local gym owner and she told me she was considering shutting the place down.
It's basically been a break-even operation for the last 15 years and this year has been particularly bad. She's tired of spending all her spare time managing the gym.
Now, I was thinking I could buy the business, convince the local karate club to pay rent for the aerobics class area (rather than the smaller place they pay for now) and have my wife work the counter during the day.
She's just getting interested in fitness and she wants me to go ahead an buy the place. I figure with those two small changes I can generate some positive cash flow. Any comments or suggestions from former/current gym owners?
Anything anyone has seen at their gym that has been particularly successful and increasing paid membership? All replies are appreciated.
I live in a tiny village (population 2500) in upstate NY. I was talking to the local gym owner and she told me she was considering shutting the place down.
It's basically been a break-even operation for the last 15 years and this year has been particularly bad. She's tired of spending all her spare time managing the gym.
Now, I was thinking I could buy the business, convince the local karate club to pay rent for the aerobics class area (rather than the smaller place they pay for now) and have my wife work the counter during the day.
She's just getting interested in fitness and she wants me to go ahead an buy the place. I figure with those two small changes I can generate some positive cash flow. Any comments or suggestions from former/current gym owners?
Anything anyone has seen at their gym that has been particularly successful and increasing paid membership? All replies are appreciated.