OK, here is the scenario. I have been contemplating opening a small fitness center in a city of 80, 000 people. I have a day job that I would keep initially as it allow me to pay the lease out of pocket and I have some equipment to start.
here is what I have:
2 olympic bumper plate and bar sets
1 power rack
2 sets of dumbells (10-70, 10-80)
Flat/Incline bench press
Preacher curl bench
4 olympic bars and 600 lbs of weight
here is what I intend to add prior to opening:
Reverse Hyper bench
3 more power racks
2 lifting platforms
plyo boxes, bands, chains
I am on a pretty tight budget (in terms of cash for purchasing more equipment maybe $5000)
My basic idea for generating cash flow is the following:
- Individual athlete in/off season training
- Team fitness/strength training
- Fitness "camps" for non-athletes
There would be no membership sales, the gym would be driven by the programs that were run out of the facility.
I live in chilly Canada, so outside training is only a sure thing for 5 months of the year. But I feel that is OK as I am a teacher so the majority of my revenue would be based on summer programs.
My question: any input on equipment choices?
any thoughts on other revenue streams?
Any comments in general would be appreciated...
I am a little nervous to go for it, as there is lots of money (in my eyes anyway) at stake, any input would be appreciated.
If I sign the lease, I will keep everyone posted on progress