"Need tips on starting a new small gym for corporate areas?"
Im trying to find out what it takes-costs/and anything else, to start a smaller gym. I want small gyms in corporate buildings and areas to cater to the corporate workforce. I live in Downtown San DIego which seems ideal, but any corporate areas are subject to location. Not sure how to resarch this and find ideal area or if people would be interested in this. Any helpful advice on starting a gym would be great, and what types of liabilities and insuracne are involved, profit normalties, amount of time to see profits, licensing requirements, etc. ANYTHING!
email@example.com Melissa Benson Looking to cater to the corporate workforce so that our crazy lives can find time for excercise and health.
#1. "RE: Need tips on starting a new small gym for corporate areas?" In response to Reply # 0
For licensing, you would want to check with the San Diego chamber of commerce and/or the state of california. For insurance stuff, call an independant insurance broker - he or she will be able to get that info for you.
For costs and stuff, I don't know - you just have to price out the equipment, staff, etc. Are Bally's and those gym franchise companies public? If so, they have to file paperwork with the SEC and all that is public information. You could probably get some good information from their filings.
May companies like to offer gym membership to their employees but not all of them can afford to have their own gym. You could probably take a look in your downtown area and see if there are any gym facilities - if not, where would be the best place for you to put a gym? I would venture to say one of those big 100 story office buildings. See how much the rent would be, etc.
Also, I would strongly recommend that you try to talk to management of either the building or the ones occupying the office space. Would the firms be willing to pay for memberships? Would employees be interested and could you price (taking account of your definately high rent fee) the monthly fee reasonably enough to make it affordable.
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