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Author Topic: Gym & Business  (Read 5480 times)

Big N

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Gym & Business
« on: August 07, 2011, 10:31:31 AM »

A general yet a simple question, what makes a successful gym?
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deadz

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Re: Gym & Business
« Reply #1 on: August 09, 2011, 05:06:41 PM »
Location above all. Second, equipment.
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Big N

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Re: Gym & Business
« Reply #2 on: August 09, 2011, 07:54:42 PM »
This is true. How would you recognize a good location though. Based on the environment or how busy the area is in general.
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deadz

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Re: Gym & Business
« Reply #3 on: August 11, 2011, 05:55:59 PM »
Quote from: Big Nav on August 09, 2011, 07:54:42 PM
This is true. How would you recognize a good location though. Based on the environment or how busy the area is in general.
Both
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Grape Ape

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Re: Gym & Business
« Reply #4 on: August 13, 2011, 05:42:28 PM »
The answer is positive cash flow.  The rest is just details.

Lease commitments, startup costs, debt are all the issue.

The business model is what counts.  I know a startup that only needs 50 members to cover his costs, and the PT is the profit.  He doesn't have to play the always recruiting new members game, which I think gives him a good start.

Coach would be better at providing the answer here.
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yates fan

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Re: Gym & Business
« Reply #5 on: August 14, 2011, 01:52:35 PM »
money is only one measurre of success,of coursde without it,it would be hard to stay open very long,i run a pretty hardcore gym and we measure our success on how well our members do,#of competitive bodybuilders and what level they compete at,how many powerlifters we have with elite totals and american and world recrds etc.
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andreisdaman

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Re: Gym & Business
« Reply #6 on: August 14, 2011, 02:43:07 PM »
The guy that owns the gym I work out at also owns the building....he actually stole the gym form anothe guy who first started the gym and couldn't keep up with the rent, etc....so the first owner abandoned the gym and he got it scott-free....its all cash and it mostly goes into his pocket
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S.Paul

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Re: Gym & Business
« Reply #7 on: August 23, 2011, 11:53:51 PM »
A good personal trainer. With good customer handling skills and yes good equipment with health environment and a cool location :)
There you have it a perfect gym.
Boot camp Arlington il
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Coach is Back!

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Re: Gym & Business
« Reply #8 on: December 24, 2011, 08:33:47 PM »
Quote from: Big N on August 07, 2011, 10:31:31 AM
A general yet a simple question, what makes a successful gym?

Zero to little debt, low over head, positive cash flow, keeping a budget, re-investing a portion of profits back into the business, branding and marketing. There's ton of other things but IMO, this is the main model and business 101.

Every year we re-do our business plan. This year we re-worked the business plan for a bigger facility and for the first are seeking investors (use other people's money). This plan is a 47 point detailed plan with a three year forecast.
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Migs

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Re: Gym & Business
« Reply #9 on: December 26, 2011, 08:39:29 AM »
pole dancers
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