Gym Fees - what would you pay a year?

[Marty Champions]

I am looking into opening a gym in my hometown.  There is a real need for a facility with fitness and weight training in house.   I am looking at making tanning beds free as part of the package.  There will be a supplement shop on the premises and a fruit/beverage bar.  I will have a lounge and yoga/dance/ area.  It needs to suite all walks of life.  I will of course make sure the lifting section is fully loaded for the heavy lifters.

So my question is this

What do you pay now for your yearly memberships??

What would you recommend or not recommend ??

Thanks

bad buisness to get into brother, youd be better off owning a rental property and having a decent tenant

with that buisness your gonna have all kinds of headaches

[slacker]

bad buisness to get into brother, youd be better off owning a rental property and having a decent tenant

with that buisness your gonna have all kinds of headaches

thank you Johnny Falcon .  I pay enough in taxes per year to use this business as a write off.  This will not cost me a cent and if it fails Oh well 100% WRITE OFF

[Azn Muscle]

thank you Johnny Falcon .  I pay enough in taxes per year to use this business as a write off.  This will not cost me a cent and if it fails Oh well 100% WRITE OFF

Dude are you retarded? Even if its a "write off", you still lose money.  Your comment makes no sense at all. 

[noworries]

Slacker.

What are your monthly costs..............

How much is lease rent (or mortgage payment)
Workmans comp and medical insurance
insurance
security
equipment lease payment (plus minimal of 10% cash down)
telephone
cable
cleaning
loan payment (?)
interest on loan
group fitness instructors
personal trainers
general staff including hourly and salary
COG
computers
membership software and fees
printing
postage
internet
advertising and marketing costs
maintenance
taxes
electrical
water
sewage
gas
and a few other monthly costs


Other costs........

If leasing you need first and last month lease payment
Is the landlord (if leasing) giving you any TI $'s
Build-out cost including ff&e (HVAC, rough plumbing & electrical, locker rooms, amenities, showers, toilets and stalls, archeticural drawings, permits, materials, security, insulation, fire system, juice bar, front reception

These are just a few to think about.  get a spread sheet going and do a five year Projection with income and expenses.

this will really lay it out for you on what you can do.  You need more ancillary profit centers.  You can't count on membership only. Tanning beds should not be free.  They are an expense that you are making a monthly payment on if you are leasing them.  That comes out of your bottom line.  If someone wants to use it they will pay.  Having free tanning will NOT bring in members.  Make it so they see a value in it and are willing to pay.  You want your members to spend money in your gym.  Don't let them train there and then go to GNC and buy supplements or buy online.  If the price is good they will buy from you.  Get the best price you can from the supp company(s) you are dealing with.  Get them to give you freebies for promotions.  Have them sponsor your t-shirts and then you can get them for free or very little.


Some things to chew on

[CAPTAIN INSANO]

I pay $23/month.   

[Marty Champions]

thank you Johnny Falcon .  I pay enough in taxes per year to use this business as a write off.  This will not cost me a cent and if it fails Oh well 100% WRITE OFF

u dont want to get into a buisness thats likely to fail

plus the gym buisness isnt really a good one, youll have to spend way too much on equipment or a good building to play catch up with gym memberships, it will not work

[Hulkotron]

u dont want to get into a buisness thats likely to fail

plus the gym buisness isnt really a good one, youll have to spend way too much on equipment or a good building to play catch up with gym memberships, it will not work

Falcon how is your training going?

[hazbin]

there are way easier less stressful ways to make a living.

[slacker]

Slacker.

What are your monthly costs..............

How much is lease rent (or mortgage payment)
Workmans comp and medical insurance
insurance
security
equipment lease payment (plus minimal of 10% cash down)
telephone
cable
cleaning
loan payment (?)
interest on loan
group fitness instructors
personal trainers
general staff including hourly and salary
COG
computers
membership software and fees
printing
postage
internet
advertising and marketing costs
maintenance
taxes
electrical
water
sewage
gas
and a few other monthly costs


Other costs........

If leasing you need first and last month lease payment
Is the landlord (if leasing) giving you any TI $'s
Build-out cost including ff&e (HVAC, rough plumbing & electrical, locker rooms, amenities, showers, toilets and stalls, archeticural drawings, permits, materials, security, insulation, fire system, juice bar, front reception

These are just a few to think about.  get a spread sheet going and do a five year Projection with income and expenses.

this will really lay it out for you on what you can do.  You need more ancillary profit centers.  You can't count on membership only. Tanning beds should not be free.  They are an expense that you are making a monthly payment on if you are leasing them.  That comes out of your bottom line.  If someone wants to use it they will pay.  Having free tanning will NOT bring in members.  Make it so they see a value in it and are willing to pay.  You want your members to spend money in your gym.  Don't let them train there and then go to GNC and buy supplements or buy online.  If the price is good they will buy from you.  Get the best price you can from the supp company(s) you are dealing with.  Get them to give you freebies for promotions.  Have them sponsor your t-shirts and then you can get them for free or very little.


Some things to chew on

Please read the entire thread I have answered all these questions. 

[HDPhysiques]

HA!   This is turning into one of the funniest threads since Bobby Sly.

[stormshadow]

I am looking into opening a gym in my hometown.  There is a real need for a facility with fitness and weight training in house.   I am looking at making tanning beds free as part of the package.  There will be a supplement shop on the premises and a fruit/beverage bar.  I will have a lounge and yoga/dance/ area.  It needs to suite all walks of life.  I will of course make sure the lifting section is fully loaded for the heavy lifters.

So my question is this

What do you pay now for your yearly memberships??

What would you recommend or not recommend ??

Thanks

You're an idiot, and never going to open a gym.

Fucking dumbest investment you can make.

[slacker]

You're an idiot, and never going to open a gym.

Fucking dumbest investment you can make.

Well heres the difference between me and most of the slaves here on GETBIG if I lose money Ill still have plenty to survive. Its amazing how you all work out  you all buy supplements and yet none of you think a gym will be successful.  let me lay it out for you.

I own the building
I have enough money to support this business until it starts to produce residual income.
If it fails  OH WELL atleast ill have one hell of a home gym
And I have done my research I know my demographic
I wasnt asking any of you fucking ass clowns IF I SHOULD DO IT
I simply asked what you pay and what are some things you would like to see
 

[Wingnut32]

one day when I am done working as a undercover cop I will post all my photos here

I quite the force due to small town drama.

As far as my days as a officer I was hired out of school and left within 2 years   

So which is it?  Are you a cop or did you quit?   

[hazbin]

thank you Johnny Falcon .  I pay enough in taxes per year to use this business as a write off.  This will not cost me a cent and if it fails Oh well 100% WRITE OFF

charity donations are 100 percent writeoffs and you don't have to listen to 500 snivelling bitches.

[Natural Man]

we have a pathological mythomaniac on this board. The guy must be posting from a mental institute.

[slacker]

charity donations are 100 percent writeoffs and you don't have to listen to 500 snivelling bitches.

This board is full of fucking idiots. I guess thats what I get for talking to americans

[calfzilla]

LMAO! 
Slacker:
1) Own his own million dollar business at 18
2)  millionaire by the time he was 25
3) Ex cop
4) Owns his own convenience store
5) Getbig member for over ten years
6) Looks like John Cena
7) Has the build of John Cena

Anything else we can add to this list of super stardom? 

Afraid to post a pic. 

[slacker]

Afraid to post a pic. 

ok use your head stupid.  After all the shit I have pulled here If I posted an actual picture of myself It would have been cropped seven ways from sunday and I would have been bent over by everything from a horse to bob barker.

[MuscleMcMannus]

Top ten getbig threads of all time right here folks.  Slacker melting down left and right. 

[hazbin]

This board is full of fucking idiots. I guess thats what I get for talking to americans

i own a 16000 sq ft gym. 2000 members. had it since 1992.   lot of stress, even if you do every thing perfect 2 percent of members will always bitch.'

wasn't being an idiot, i have other businesses that are way less work and make way more money.

sorry, i thought you wanted input.

[slacker]

i own a 16000 sq ft gym. 2000 members. had it since 1992.   lot of stress, even if you do every thing perfect 2 percent of members will always bitch.'

wasn't being an idiot, i have other businesses that are way less work and make way more money.

sorry, i thought you wanted input.

I do thank you and I appreciate your input but there are too many idiots here and haters

[MuscleMcMannus]

I do thank you and I appreciate your input but there are too many idiots here and haters

WTF?  You're still on here?  LMAO!  No one is hating.  But you're being very unrealistic. 

[slacker]

WTF?  You're still on here?  LMAO!  No one is hating.  But you're being very unrealistic. 

how please enlighten me tell me how I am being unrealistic

[Coach is Back!]

i own a 16000 sq ft gym. 2000 members. had it since 1992.   lot of stress, even if you do every thing perfect 2 percent of members will always bitch.'

wasn't being an idiot, i have other businesses that are way less work and make way more money.

sorry, i thought you wanted input.

Nice gym!

[MuscleMcMannus]

how please enlighten me tell me how I am being unrealistic

Because dude you are offering free tanning?  Juice bars?  And other shit that no other gyms offer for a variety of reasons.  Don't you think the major franchises would have figure out if those things were profitable by now and offer them?  They aren't that's why.  If you are serving food i.e. juicebar with protein shakes there are a whole host of concerns, licenses and overhead that go along with that.  Also do you know what it takes to run a tanning salon?  You have to be inspected by the health department, and there are a whole host of things that can go wrong with that as well.  You're clueless.  If you want to waste money go to Vegas.