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Lobby Financial Feast topic #951

Subject: "Anyone start their own small gym/personal training/fitness center?" Previous topic | Next topic
SweatyGirlWed Aug-31-11 04:06 AM
 
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"Anyone start their own small gym/personal training/fitness center?"


          

Howdy!
I am really interested in starting my own small personal training gym.
Not membership based, but more like one-on-one by appointment.
I am not interested in a franchise. But I do want a storefront and a nice gym atmosphere.

My question is - how much is this going to cost me?

Does anyone have experience with this? I know that the location, and the equipment fees are going to vary drastically... but I am just looking for someone to say - "I did this, and it cost me this much"

Is there anyone out there?

Thanks so much!

- Shannon

  

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Replies to this topic
Subject Author Message Date ID
RE: Anyone start their own small gym/personal training/fitness center?
Sep 07th 2011
1
RE: Anyone start their own small gym/personal training/fitness center?
Oct 11th 2012
2

bizconsultantWed Sep-07-11 05:35 AM
 
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#1. "RE: Anyone start their own small gym/personal training/fitness center?"
In response to Reply # 0


          

Im a business development consultant that works with start ups and small businesses. I do have a service offering that can not only get all of the associated cost with your proposed venture, but based on your business evaluation (on information you provide) i can direct you to the resources (financial - marketing - human) and documentation (licensing and start up) that you will need to be successful. Contact me at ajones@buildabusinessworkshop.com if interested.

>Howdy!
>I am really interested in starting my own small personal
>training gym.
>Not membership based, but more like one-on-one by appointment.
>
>I am not interested in a franchise. But I do want a storefront
>and a nice gym atmosphere.
>
>My question is - how much is this going to cost me?
>
>Does anyone have experience with this? I know that the
>location, and the equipment fees are going to vary
>drastically... but I am just looking for someone to say -
>"I did this, and it cost me this much"
>
>Is there anyone out there?
>
>Thanks so much!
>
>- Shannon

Anthony Jones - Business Consultant
ABC Solutions
ajones@abcsolutions.cjb.net

  

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ToddThu Oct-11-12 09:02 AM
 
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#2. "RE: Anyone start their own small gym/personal training/fitness center?"
In response to Reply # 0


          

Hi Shannon,

I bought a business I worked for as a trainer in Stamford, CT in 2006.
1st year with rent was about 80k+payroll.
Trainers received $40-65 per session worked
My rent on 1st studio was 1500 per mo. w/electric & showers(really cheap)
Equipment 40k
Existing clients 20k

We were soley for elite athletes but began to branch out to general public. Eventually I split the two.

I sold the gyms & I am starting an all natural supplement company.

I have a couple of questions.

1.What kind of styles are you looking to incorporate?-(how will you train your clients-high tech,old school,bodyweight,outdoors,mma,crossfit,etc.?)

Knowing your niche will help towards pricing out your equipment.

2.How will you market?

3.Will you be by yourself or hiring trainers as subcontractors?

4.Do you currently have clients that will follow you?

5.Friends in the industry? When I bought the gym in 06 I had been a Trainer for 11years. My wife has a background in nutrition and also helped by teaching yoga.
Our Dogs also used to herd the slackers back onto pace during long trail runs. haha-every little bit really helped.

I hope this helped.

Todd

Sifu: What is the highest level of technique you hope to achieve? Lee: To have no technique. Sifu: Very good.

  

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