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|7/30/2014 6:19:35 AM - milkman
guys, i hate my job. i am cscs/cpt certified by the nsca. i know that in this industry, that doesn't mean shit. realizing experience seems to be much more valued/respect, i just had a general question--if i were to open up a gym, say around 500-1000 square feet with an emphasis on athletes (like a mini defrancos) how much money would I need to get started? i know you guys aren't accountants , but if anyone has any clue, I'd greatly appreciate it. i live in central nj, just got done playin d1 football. and have about 20g's up to date. thanks
I know this doesn't exactly answer your question, but this is something to add to your considerations. Unless you have a solid base of clients, starting your own gym is an extremely risky idea. No one wants to go to a new training facility when they don't know the guy doing the training. And since it is not a gym and will be very small, they won't be able to come train there unless they are paying you. I know a lot of guys who have started up their own places and of the ones that didn't fail within 2 years, all of them had been training for a minimum of 5 years, often closer to 8-10, and had a very solid base of clients who had been with them for well over a year and would keep coming back. Alternatively, if you have enough money to pay your expenses (rent, utilities, taxes, insurance, etc) even if you don't make any money from your business for 3-5 years, then by all means, go for it. But without a solid base of clients who will return indefinitely and good word of mouth spread by the positive results you have given dozens if not hundreds of people, the only model with a good shot at success in such conditions is to open a crossfit gym. And this carries hideous expenses associated with it and also it would be very difficult to operate in such a small space. I currently train in a 250 square foot space and honestly, the equipment takes up so much space that there is not much room off of the platform to do anything right now without going outside and most people you will be working with do not really like being in extreme temperature situations (or like their kids training outside when it is super hot or super cold). I'm not trying to piss on your dreams here, but I also don't want to see you blow 20 grand of your money plus another 50 grand from a business loan and end up with nothing for it.
Build a solid base, then expand to your own space,
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