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Cost of a New Commercial Gym?
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hit4me

Florida, USA

to all of you gym owners out there, I am curious as to what a start up cost would be open up a fitness facility or just a plain ole gym.....machines and free weights, treadmills, bikes, insurance, property lease, lockers, showers

the facility would be between 2000 to 5,000 square feet

no franchise

gonna retire in a few years and was curious if it would be worth it
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entsminger

Virginia, USA

hit4me wrote:
to all of you gym owners out there, I am curious as to what a start up cost would be open up a fitness facility or just a plain ole gym.....machines and free weights, treadmills, bikes, insurance, property lease, lockers, showers

the facility would be between 2000 to 5,000 square feet

no franchise

gonna retire in a few years and was curious if it would be worth it


==Scott==
I have a friend who has been wanting to open a gym for a long time and he already has a good portion of the machines he would put in it.It takes a ton of money to start up something like that which he doesn't have. Sure he could take out a loan but eventually you have to pay that back. We've talked over and over again about how much money the gym would generate and it always seems you'd never make back enough to pay off the rent for the building, insurance, etc etc.I've been to gyms in these ware house districts and typically there's two or three people in them at a time. I just can't figure out how they pay the rent on the space much less employees etc etc and there are a ton of expenses. Maybe if you have a rich uncle or daddy who can cover your expenses until you get going but you never know if it ever will get going enough to show a profit and then if it doesn't get going how do you pay off that loan? More than likely you have to sell all your machines to try and pay off the loan which wouldn't even come close and then you file for bankruptcy. I even wonder about these big gyms like Planet Fitness. They have huge spaces full of machines and at any one time there might be 20 people in there doing something. My guess is they aren't making a profit but they can write it off on taxes as a loss or something and they just keep doing that?
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pharaoh1063

Have you looked into the Corporate Warrior website? That's what it's all about. Thought about attending the HIT conference? Probably several people there that could help with relevant info.
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Jesse Lee Otis

hit4me --

I wish you luck getting in motion with that.

If you start accumulating machines please save a Nautilus duo-squat for me; I'll buy it (for a poor man's dime). I haven't any ANY replies on my thread for seeking a machine like that - so I thought I'd put a word in on this one. Hope you don't mind. :-)

Jesse Lee
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Average Al

hit4me wrote:
to all of you gym owners out there, I am curious as to what a start up cost would be open up a fitness facility or just a plain ole gym.....machines and free weights, treadmills, bikes, insurance, property lease, lockers, showers

the facility would be between 2000 to 5,000 square feet

no franchise

gonna retire in a few years and was curious if it would be worth it


From your description, it seems you are interested in a traditional open access gym: you provide a big space with a lot of equipment, and then sell memberships and let people come in and use the equipment however they wish? Maybe you try to pick up a little extra income from running classes, or selling training services to some percentage of the client base? I think that is a tough business because you are competing against big chains that can offer low monthly memberships and lots of equipment options (which means high startup costs). How much it will cost to start up depends on the cost of acquiring (build or rent) space in your location.

For that kind of business, you should take a look at what various franchise fitness centers require. I know you said no franchise, but they can still be a source of useful information. SNAP Fitness, for example, provides a lot of details as to what they require (beyond the franchise fee).

The alternative is the personal training studio where you sell training sessions at $XX/session, supervised using the equipment and program that you have decided to sell. Those seem to have a lower cost of entry, but then are quite labor intensive, because either you, or someone you have hired, have to be there all the time providing the service.

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entsminger

Virginia, USA

== Scott ==
One way of doing it would be like Don Peters did it ages ago . He turned his house into a workout gym that the Gironda Type gang would workout at. Of course for this to work you sort of have to be in the know with the big guys. It really helps to have a big name like Brian Johnston or Dave Draper to attract clients!! I got it , name your gym? Some guy from Dardens forum Gym? !! One week for $10 two for 12.99! Ha ha !
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MikaelPR

Jesse Lee Otis wrote:
hit4me --

I wish you luck getting in motion with that.

If you start accumulating machines please save a Nautilus duo-squat for me; I'll buy it (for a poor man's dime). I haven't any ANY replies on my thread for seeking a machine like that - so I thought I'd put a word in on this one. Hope you don't mind. :-)

Jesse Lee


I sold one 3-4 years ago to a guy in Florida for $250. It was part of a group of 13 machines in an online auction I won for $135. While I had it in storage, I trained on it 3-4 times. I had trained on one 25 years earlier, and forgotten how hard it was on the shoulders and even the feet. My advice is forget it, that piece is hard to find and dangerous. I own a MedX Avenger Leg Press and it is a much better piece for developing the legs and hips, but even rarer than the Duo Squat. For the money, you can?t go wrong with the Nautilus Nitro Leg Press, an Atlantis Pendulum
Squat, or a Paramount swing squat. All can be had between for $500-$1000.

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Crotalus

Yeah, things these days are way different then they used to be. I'm the last guy to try and talk anyone out of doing what they want, but I really cant imagine competing against the chains that are out there now , and I don't just mean gyms.

My gym started out as a Golds and it sold out and is named something else - I still call it Gold's when people ask me where I train.

The place is enormous ; two floors loaded with great equipment. Two yeas ago they got rid of a lot of stuff that was in great condition ; machines, older power racks , cable stations, treadmills, ... and replaced it all with brand new Hammer powers lifting racks, benches, two complete DB racks ( 10 - 150 lbs ) a couples multi-exercise cable stations, Hammer selectorized machines, some new line of 'Free Form machines, endless cardio stuff ... besides doing over the bathrooms !

I can't imagine what that all cost .... and they did it all without raising the $10.00 a month membership a nickel. I workout at around noon or 1:00 and it's never crowded then but the parking lot is full in the evenings. Unlike Planet Fitness , they let you train as hard as you want ... or sit there and use the benches and machines to check texts and e-mails.

No matter how many members they have , I can not see that kind of expense panning out , but obviously I'm wrong because they seem to be kicking ass. It's open 24/7 , employees, trainers, TV's , etc. For what they have in expenses, the membership fees should easily be 10X higher and I wouldn't complain

I just don't see a one man operation ever competing against something like this .... but best of luck with whatever you decide - I would love to see you prove me wrong.
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Jesse Lee Otis

MikaelPR ---

Thanks much for the reply and advice. I used one some years ago and am aware of the issue with the shoulder discomfort. I solved the problem (to an extent) by using the machine at a point in workouts where my legs were very tired and I couldn't use much weight on the DS machine - and I kept the weight down even further by doing high reps and also using the infimetric bar. Those things helped lessen the shoulder discomfort considerably.


Jesse Lee
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BorisV

Maryland, USA

MikaelPR wrote:
Jesse Lee Otis wrote:
hit4me --

I wish you luck getting in motion with that.

If you start accumulating machines please save a Nautilus duo-squat for me; I'll buy it (for a poor man's dime). I haven't any ANY replies on my thread for seeking a machine like that - so I thought I'd put a word in on this one. Hope you don't mind. :-)

Jesse Lee

I sold one 3-4 years ago to a guy in Florida for $250. It was part of a group of 13 machines in an online auction I won for $135. While I had it in storage, I trained on it 3-4 times. I had trained on one 25 years earlier, and forgotten how hard it was on the shoulders and even the feet. My advice is forget it, that piece is hard to find and dangerous. I own a MedX Avenger Leg Press and it is a much better piece for developing the legs and hips, but even rarer than the Duo Squat. For the money, you can?t go wrong with the Nautilus Nitro Leg Press, an Atlantis Pendulum
Squat, or a Paramount swing squat. All can be had between for $500-$1000.



I don't agree with MikaelPR. I recently bought 9 piece Nautilus circuit on Ebay which had a Duo-squat machine and I love it. I don't have any issues with the shoulder pads - maybe because I don't go into extremely large weights and I do multiple sets in cluster fashion (15-20 reps each leg with 285-310 lbs for 4 sets). This is a great piece and surpass anything I tried before (although I haven't tried MedX), including Nautilus 2ST leg press which I sold. I still prefer chain-driven 1st/2nd gen Nautilus to anything else, although I still have some belt-driven 2ST line machines.
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Bill Sekerak

California, USA

hit4me wrote:
to all of you gym owners out there, I am curious as to what a start up cost would be open up a fitness facility or just a plain ole gym.....machines and free weights, treadmills, bikes, insurance, property lease, lockers, showers

the facility would be between 2000 to 5,000 square feet

no franchise

gonna retire in a few years and was curious if it would be worth it
FIRST do your research and put together a business plan. Ask yourself what kind of return do you want/need ,is it going to be primarily a hobby with expectations of just breaking even or do you want it as an investment etc.
Open a concierge gym.
I would go after a niche market. For instance cater to people who want to do HIT and offer personalized sessions with an appointment and charge $50-$100 for a 1/2 hour session.
No treadmills,or any other machines except for Nautilus ,MedX ,plate loaded Hammer Strength etc Some free weights and chin and dip bars.
Show them how to do it right. Supervise every session. Push them as if you were a Marine Corps drill instructor.
No showers,no towels just a drinking fountain or cold bottled water in an old fridge.
Get a place just big enough to hold your equipment.
Go for the dungeon look or go for the high tech look ala Hutchins.
Have enough $ in the bank to pay for 2 years rental,insurance,electricity etc.
Be careful and good luck.
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Resultsbased

Bill Sekerak wrote:
hit4me wrote:
to all of you gym owners out there, I am curious as to what a start up cost would be open up a fitness facility or just a plain ole gym.....machines and free weights, treadmills, bikes, insurance, property lease, lockers, showers

the facility would be between 2000 to 5,000 square feet

no franchise

gonna retire in a few years and was curious if it would be worth it
FIRST do your research and put together a business plan. Ask yourself what kind of return do you want/need ,is it going to be primarily a hobby with expectations of just breaking even or do you want it as an investment etc.
Open a concierge gym.
I would go after a niche market. For instance cater to people who want to do HIT and offer personalized sessions with an appointment and charge $50-$100 for a 1/2 hour session.
No treadmills,or any other machines except for Nautilus ,MedX ,plate loaded Hammer Strength etc Some free weights and chin and dip bars.
Show them how to do it right. Supervise every session. Push them as if you were a Marine Corps drill instructor.
No showers,no towels just a drinking fountain or cold bottled water in an old fridge.
Get a place just big enough to hold your equipment.
Go for the dungeon look or go for the high tech look ala Hutchins.
Have enough $ in the bank to pay for 2 years rental,insurance,electricity etc.
Be careful and good luck.


And lose your shirt!
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HeavyHitter32

hit4me wrote:
to all of you gym owners out there, I am curious as to what a start up cost would be open up a fitness facility or just a plain ole gym.....machines and free weights, treadmills, bikes, insurance, property lease, lockers, showers

the facility would be between 2000 to 5,000 square feet

no franchise

gonna retire in a few years and was curious if it would be worth it


I think there would be better investment opportunities. Tough business today with the Planet Fitnesses of the world.
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entsminger

Virginia, USA

==Scott==
The thing about the guy I mentioned earlier who has a ton of machines and has been hoping to open a gym for maybe 20 or 30 years is that he really really wants to open a gym of his own. It's not just a passing fancy that he wants to try, he's head over heals with the idea. He has a mundane job that pays the rent etc but his dream since day one is to open that gym. He's got tons of plans and ideas for what his gym would look like. He's got 30 or more Nautilus, Medx, and a few other machines and in fact he just bought a few more the other day but whether it ever really happens, it's that dream of opening his own place that he lives for, it keeps him going.
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entsminger

Virginia, USA

gonna retire in a few years and was curious if it would be worth it

==Scott==
Another thing, in my opinion you have to be practically obsessed with the notion of opening you own gym for it to work. The fact that you came on here to ask the Bozos here if it would work tells me you're not really into it.
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backtrack

In the UK the market is completely saturated. The majority of people now tend to use budget gyms.
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hit4me

Florida, USA

entsminger wrote:
gonna retire in a few years and was curious if it would be worth it

==Scott==
Another thing, in my opinion you have to be practically obsessed with the notion of opening you own gym for it to work. The fact that you came on here to ask the Bozos here if it would work tells me you're not really into it.


I have to work another 4 years before I can retire....so, I am looking in case I lose my job with-in the 4 years and was wondering if it would be worth opening a small nautilus gym with barbells and dumbells, leg press, hack squat, a few benches along with some treadmills.....there are no bozo's on here, lol
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kurtvf

Jesse Lee Otis wrote:
hit4me --

I wish you luck getting in motion with that.

If you start accumulating machines please save a Nautilus duo-squat for me; I'll buy it (for a poor man's dime). I haven't any ANY replies on my thread for seeking a machine like that - so I thought I'd put a word in on this one. Hope you don't mind. :-)

Jesse Lee

I got mine off eBay for $225 had to drive 6 hrs to get it. They are fairly plentiful. My advice is watch eBay, and searchallcraigs daily like a hawk.
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