Owning A Gym.......

[beastboy]

No you don't need insurance, if you state in their membership contract that anything that happens is not the gym or the owners fault.

What if you're gym is broken into, or a fire??

 

[Doch910]

it should be covered in your lease.

 

[Robert Jan]

you dont need all them crappy shit overpriced machines with cables and chains etc etc etc

just get a good big load of irons and the very basics imo.

if they ask where the cardio equipment is point them to the door and tell them to run to town and back.

 

[Susp's_Babe]

tzan -
I just wanted to encourage you in finishing your degree at the Universtiy. You are over halfway there - and it is something that will be very valuable to you - no matter what you want to do in the future.

My fiance was in the same place you were last year - he just wants to be a personal trainer - and didn't feel like he needed his college experience. However - he found out that many certifications for personal trainers require a four year degree!

You never know what is ahead of you! Good luck with your goals.

 

[Hannibal]

if they ask where the cardio equipment is point them to the door and tell them to run to town and back.

Drag the sled...

 

[CytoMel]

A lot of commercial gyms prefer the cardioclowns over the serious lifters. In a lot of gyms you will find that they spend their $ on fancy treadmills, stairclimbers and crappy smith machines when they only have one set of 30lb dumbells and chipped 45lb plates.

Gym owners make their real $ on those losers who buy lonterm memberships and then show up for a few months and quit with a year or more left on their contracts.

 

[TheProject]

Most people decide to open a gym, then go okay were is the location going to be, and where can i get the equipment. Then buy everything, location and equipment. They start to get members but because no gym can grow fast enough, so the close very quick. This is because they owe so much money on the equipment, equipment is the most expensive part of owning a gym. You would want to plan about 2 years in advance, start buy used equipment out of the paper, and when other gyms close down. Then after you have all this equipment saved up, open your gym. Now all you have to pay is your lease, and utils. If you want your gym to have showers or anything extra like that, it will cost more because then you need to purchase insurance.

Not only 2 years, but as a general rule, most small businesses should be able to operate at a loss for the first 2-3 years, break even the 4th year, and turn a profit the 5th year. You should plan to have enough capital to operate that long.

 

[spatts]

Hannibal and I are talking about opening a PL/storngperson training facility here in KC. We plan to make it so we don't NEED members. People can train by invitation or application and must be dead serious. If they want to do cardio, I'm sure we can find a chain to jump rope with. It will be the bare minimum, nothing fancy, no eye-candy, just a place to work. We're even looking for dual zoned property so Hannibal could live on site. That saves $700 a month that can go tward the facility.