[saecheese]

I am trying to do some research on opening a gym. Not a small fitness gym but a good size gym with good equipment! I've searched some of the franchise gyms they it seems like it would cost around 250K+ to build a gym like 24 fitness or gold's.

Does anyone have an idea on how many members does a usual gym sign? like your local 24 fitness, gold's ballys..etc.

Also how do gyms businesses usually do? or they a risky business? is there already too much comp?

any opinions?

[JayBoCC2]

well your going to need insurance and contracts... and weightlifting equipment is not cheap, and most likely your going to have to build yourself a new building because most office space for sale is not fit, size wise for a gym... other than that im not sure... interesting proposal though...

[sonnyrizo]

I don't see why'd look into creating a gym if you don't have a lot of money. Expect to pay $100, 000s if not millions.

[saecheese]

Originally posted by sonnyrizo
I don't see why'd look into creating a gym if you don't have a lot of money. Expect to pay $100, 000s if not millions.

Did you read the question? No one said i didn't have the money and i already know the price of starting a gym.

[Steve]

There are some of those martial arts things are going huge. GOod work and out and very popular... I would look into incorporating something like that with a gym... Make room for a dojo or something -- other instructors could lease time or soemthing.

[sonnyrizo]

Originally posted by saecheese
Did you read the question? No one said i didn't have the money and i already know the price of starting a gym.

No need to become defensive, espechially on a business forum. I didn't say you don't have money. I said you need A LOT of money, and I didn't say you don't have that either.

[mxer210]

I think you shoudl research your area. Unless one of us lives in your city, we couldn't really answer your question about competiton. I've seen alot fo gyms in MY area, but they all seem popular. I would add up all of your costs, calculate operating fees, and expected memberbase. Look at your cities size and how mcuh competition to get an estimation on how many clients you migth obtain.

[saecheese]

Originally posted by mxer210
I think you shoudl research your area. Unless one of us lives in your city, we couldn't really answer your question about competiton. I've seen alot fo gyms in MY area, but they all seem popular. I would add up all of your costs, calculate operating fees, and expected memberbase. Look at your cities size and how mcuh competition to get an estimation on how many clients you migth obtain.

Hey i'm from the San jose area too! Pretty much around here 24 fitness is the gym that is dominating. But other than that, most gyms are privately owned which are more on the small size, or if there is a franchise gym like gold's or world, there is only one or two of them with the intermediate bay area.

I pretty much got all the cost down but jsut tryiung to figure out what the membership would be. how many customers a good size gym could expect to have and also sign through out the year.

[saecheese]

Originally posted by sonnyrizo
No need to become defensive, espechially on a business forum. I didn't say you don't have money. I said you need A LOT of money, and I didn't say you don't have that either.

Sorry. but your reply just seemed like you were saying don't even bother. it's too much money.

But i'm not looking to create a super gym but I was still pricing it be around 300k to start.

thanks for the input though

[mxer210]

I'm not into the fitness thing so I wouldn't know how the competition is in our area. I would look for some data that tracks a gyms membership and see where it started and how fast it grew so you would know how long it would take to get off teh ground. Would you be starting a franchise or your own gym?

[sonnyrizo]

Originally posted by saecheese
Sorry. but your reply just seemed like you were saying don't even bother. it's too much money.

But i'm not looking to create a super gym but I was still pricing it be around 300k to start.

thanks for the input though

If you're willing to spend this much money, why not spend it on something that will definitely bring in more money? I am saying that a gym may not be very succesful, espechially when people come and go.

I can't imagine what I'd do with 300K. That's a lot of money, and make sure you think about everything before you let go of it, because most people don't have the luxury of spending that much money on a business venture.

Honestly, I'd think of a product, and use the money you have on creating that product. The only reason why I haven't created a product is because I know for sure that I won't have all the money that's needed. That's why I am going into different things to earn the capital first. Eventually, I know I'll have to create a company that revolves around products (i.e. Microsoft) instead a business that offers a service (i.e. landscaping).

[mxer210]

Yeah but you can't do soemthing based on its profit. If saecheese is interested in starting a gym and has a pasion for it, why stop them? He/she seem ambitious about it and shouldn't be held back by the high startup costs.