I just pulled the trigger on my second gym, owned the first one for 5yrs, love it. Sitting here looking back at 5yrs this thing is way different than I pictured. I’m glad I had a mentor going in, he owned 5 gyms, and helped me alot. BBer’s are only a small part of my membership, less than 10% I’d guess, right now I have aprox. 600 members, less than a 100 use my place regularly.
Do some reading going in, because it’s way different than you imagine. I pay 8000$ a mth for rent, thats only 5000sqft, if i only targeted athletes, because thats who I train, I’d be bankrupt, the truth is, seniors and soccer moms pay my bills ( they don’t; complain, breakshit, bounce cheques,)
This was my buddies advice, build a gym for women, and the guys will come too, if you build a gym for guys, not so much.I chose a franchise, but I joke that I’m the roughest gym in the chain, by a long shot, we have racks, trapbars, SSsquat bar, prowler out back, chains and bands, and so on, but I made sure going in that my franchise alows this.
It cost me roughly half a mil. to open first gym in cash and credit, this is where the franchise helps, the first time I went to the bank they laughed at me, then I bought the franchise for 20grand, and the bank gave me anything I wanted, because the franchise has a 95% sucess rate. The funny part is me and my friends train in my garage, because my gym is painted bright yellow, and there’s sappy music playing, haha, but I’m making bank and doing what I love.
Tough call, to open what you dream of and posibly go broke, or open what makes money, and spend your days traing and flirting with beautiful women in a bright airy coed curves, I guess I sold my soool lol. goodluck bro[/quote]
Where in Ontario do you live? I wouldn’t mind coming to check out your franchises if possible.