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Who owns a small gym?? Is it profitable??...

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tbip2001
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2006/01/24 17:57:19 (permalink)

Who owns a small gym?? Is it profitable??...

It would be a dream to own my own gym, and have been toying with the idea for some time.

Ideally, and oldschool, small hardcore affair.

My question is, is this really a sensible thing to do?, Obviously theres more to doing this than just profit, but is there any profit in this game??

If I was to diversify my current business, I couldnt do so just on the basis of 'my passion', there would need to be profit involved.

So for the gym owners, is it a wise idea???

thanks tbip2001

"You gotta eat big to be big!"

6'6"- 270lbs - 19.5" arm
#1

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    tbip2001
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    RE: Who owns a small gym?? Is it profitable??... 2006/01/24 20:24:44 (permalink)
    Bump, theres got to be some gym owners out there! lol

    "You gotta eat big to be big!"

    6'6"- 270lbs - 19.5" arm
    #2
    Wes Borland
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    RE: Who owns a small gym?? Is it profitable??... 2006/01/24 20:53:00 (permalink)
    I dont own a gym but I.M.O there isnt a sufficent market for a hardcore gym.

    To turn a profit you need a big joint with loads of people coming in - joe public wants nice facilities, sauna, steam,jacuzzi and most women wont want to work out with a load of bodybuilders grunting and sweating.

    You will also have to take into account how well your area is serivced for gyms.

    Humph
    #3
    freak_in_cage
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    RE: Who owns a small gym?? Is it profitable??... 2006/01/24 20:58:43 (permalink)
    im offering a complete laymans opinion here but:

    hardcore gyms arnt usually profitable cos they put ppl off. no women (at least 50% of gym goers ) wont be interested, and a lot of guys who are weak aint gonna be too interested in working out next to some beast. a hardcore gym is quite a specific taste.

    good thing about hardcore gyms is no 1 cares about the quality of the kit, bit of rust etc not a prob. ppl wont be interested in the really expensive kit either, just pleanty of weights. may be useful to have a few rowers though, perhaps a bit of space to skip also?

    best ways to make it profitable (or just enough for u to get by and work enjoying what u do):

    1) hopefully pre-own a lot of the kit, if not get a lot of it second hand or buy off a gym closing down.

    2) find a niche of hardcore trainers- knowing friends into hardcore training, belonging to local powerlifting clubs or bbing clubs etc would help.
    #4
    freak_in_cage
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    RE: Who owns a small gym?? Is it profitable??... 2006/01/24 21:00:53 (permalink)
    oh, also, you wanna make it as attractive as possible.

    if you could negotiate a deal with a protein supplier to sell protein, bbing supps etc at the gym at low cost it may encourage gym goers

    also u may have a friend who can get gear, which may be useful. u dont wanna know officially if this is happening of course.
    #5
    PAGAN
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    RE: Who owns a small gym?? Is it profitable??... 2006/01/24 21:00:56 (permalink)
    Yes I agree with Humph about the profit issue.

    I'm hoping to get together with some mates and start a little club , a bit like my current gym but full of equipment we want and only open to people we want in there. if i had a decent garage i would just convert that but I dont . I can here JWB screaming 'SHED' at his monitor right now

    No biggie like, there are a lot worse things for you than using steroids, I mean I probably shouldn't have been smoking crack or getting into bar fights at your age TBH  - drab4

    #6
    mikeni
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    RE: Who owns a small gym?? Is it profitable??... 2006/01/24 21:04:04 (permalink)
    it's something that would only work if you knew in your area there was a lack of a hrdcore gym where the really fanatical bigger men who were getting too strong for regular gyms or just wanted to escape starers and constanr questions.

    even then they'd most likely be known to you, prob mates and you'd therefore not be keen on charging them loads.

    it's therefore probably just break even if not operate at a loss, taking into account setup costs etc..

    see what your area needs
    #7
    ihawk
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    RE: Who owns a small gym?? Is it profitable??... 2006/01/24 21:34:13 (permalink)
    there is a small hardcore gym near me which has a very dedicated following, it is run by a well known gangster and has a number of faces that go there, only point of me mentioning that is that it seems to me these gyms do well if you have someone well respected in your area train in them. this place also has the best local power lifters so if you ever ask anyone in the know where to go for advice they tell you to go there. having said that it si quite intimidating to go there and i dont really like it that much to many posers for me.

    anyway point stands i think if you get a few faces, decent power lifter/ strongman etc to train in your gym it does the gym the world of good.
    #8
    nickpellatt
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    RE: Who owns a small gym?? Is it profitable??... 2006/01/24 21:38:59 (permalink)
    anyway point stands i think if you get a few faces, decent power lifter/ strongman etc to train in your gym it does the gym the world of good.


    agreed...there was a place in my town up for sale for only £4k once! incl all fittings...problems with lease etc tho due to location..

    I did fone the guy but he didnt even have proper books...Gymbabeliz and I jokoed about going into partnership there once...

    You do also need it to be a cover for copious amounts of gear sales also IMO lol
    #9
    kinglean
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    RE: Who owns a small gym?? Is it profitable??... 2006/01/24 22:36:19 (permalink)
    Hi mate.

    I am manager of a smallish gym. The owners are there in the background and visit occasionally but for all intensive purposes day to day running, sales targets, retention, cash flow, staff etc etc is all dealt with by myself.

    I can say now with no doubt in my mind, it is EXTREMELY DIFFICULT to make it profitable. IMO you should forget the hardcore element. Its too intimidating for the masses when they walk in and see a load of gym hard bodies grunting away. You need to cater to the fitness industry, and even then it is going to be a tough old grind.

    I am here to help as much as i can mate.
    BTW what area you thinking of? Does it have good catchment / much opposition close by?


    #10
    TonyStarks
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    RE: Who owns a small gym?? Is it profitable??... 2006/01/24 23:42:22 (permalink)
    Agree with some of the earlier comments - used to train a real hardcore gym that had a great following from local doorstaff and 'characters'. Would imagine it made enough legit profit to tick-over.

    Trained in a similar establishment in the middle of a large town/city and the catchment was great as it was the only hardcore gym in the area and all the local kids trained there to learn from the vererans. Potential gold mine due to the location and lack of real competition.
    #11
    Sheeps_Clothing
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    RE: Who owns a small gym?? Is it profitable??... 2006/01/25 00:44:58 (permalink)
    i know birmingham quite well mate, depends where abouts is the location?

    Alot of powerlifters train at emporium (erdington i believe), harbourne has a good scene, chelmsley wood etc..

    i believe dinos is solihull has closed? could be worth a look.

    The MMA/Thai boxing would be a good way to generate money.

    #12
    Sheeps_Clothing
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    RE: Who owns a small gym?? Is it profitable??... 2006/01/25 00:47:39 (permalink)
    Strongman equipment would also set you apart, i know john(?) at tyseley gym has considered this...

    A venue for powerlifting would also be good
    #13
    Resurrected
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    RE: Who owns a small gym?? Is it profitable??... 2006/01/25 01:06:03 (permalink)
    ORIGINAL: badboy007

    i know birmingham quite well mate, depends where abouts is the location?

    Alot of powerlifters train at emporium (erdington i believe), harbourne has a good scene, chelmsley wood etc..

    i believe dinos is solihull has closed? could be worth a look.

    The MMA/Thai boxing would be a good way to generate money.




    Emporium has been going for quite a few years now and a good place that have got it just right. Of course you also have Dorians Temple Gym in Brum. But I'd guess its not easy. I've trained at a lot of gyms over the years in Brum and seen most of them fold.
    #14
    smartwater
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    RE: Who owns a small gym?? Is it profitable??... 2006/01/25 01:08:31 (permalink)
    i agree that maybe if you could hook up a few mma / wrestling instructors to offer somethi9ng different albeit niche would increase chances

    do you lot think the chances of a small gym is pretty much 0% in London ?
    #15
    Big D
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    RE: Who owns a small gym?? Is it profitable??... 2006/01/25 02:51:30 (permalink)
    reading over this, makes me realise how well my gym has done it.

    you have the hardcore weights room, pretty small but everythin you need and decent dumbells plus a couple of rowers and bikes and a treadmill.

    in another room is the boxing area, with full size ring and good boxing set up.

    but the last thing they have that really nails it is a womens only section, which you cannot even see into, this is a really good selling point imo to women that may be a little shy about going to a gym.

    there is also an aerobics room with mirrors and mats where they teach classes. its not a big gym at all but its set out very cleverly.

    maybe a couplr of ideas for you!
    #16
    dirge
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    RE: Who owns a small gym?? Is it profitable??... 2006/01/25 09:26:34 (permalink)
    get some two way mirrors in that women only room and charge the men to watch, you'll make far more than on subs alone!
    #17
    kinglean
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    RE: Who owns a small gym?? Is it profitable??... 2006/01/25 09:31:38 (permalink)
    ORIGINAL: Big D

    reading over this, makes me realise how well my gym has done it.

    you have the hardcore weights room, pretty small but everythin you need and decent dumbells plus a couple of rowers and bikes and a treadmill.

    in another room is the boxing area, with full size ring and good boxing set up.

    but the last thing they have that really nails it is a womens only section, which you cannot even see into, this is a really good selling point imo to women that may be a little shy about going to a gym.

    there is also an aerobics room with mirrors and mats where they teach classes. its not a big gym at all but its set out very cleverly.

    maybe a couplr of ideas for you!


    Agree with big D. We have a womens only area and it sells memberships very well.
    #18
    Play
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    RE: Who owns a small gym?? Is it profitable??... 2006/01/25 09:34:23 (permalink)
    My dads Duncan Bannatyne and i surpose hes not doing to bad for himself .
    #19
    Medusa
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    RE: Who owns a small gym?? Is it profitable??... 2006/01/25 12:13:52 (permalink)

    ORIGINAL: nickpellatt
    agreed...there was a place in my town up for sale for only £4k once! incl all fittings...problems with lease etc tho due to location..
    I remember, friend of ours tried to persuade me and mr Medusa to 'invest' in it, been there done that enjoyed the ride but made very little ££.

    I'd consider it again if I could own the premises and didnt have to work all the hours myself, I think if you had the kind of set up that Ihawk describes you could do OK, but generally when you have a hardcore gym you realise just how much of a minority interest it is.

    Also although I condsider my self pretty knowlegeable about nutrition & training etc (out of touch now but I have the capacity to keep up with the latest stuff if need be) I'm very aware that the place would have done much better with a big bloke who looked the part behind the counter instead of me.
    #20
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