How much money to open a gym?

[Chris Ludington]

What-Meme-Black-Girl-11.jpg

[Chris Garry]

You might find this helpful although Xibit does not feature:

https://youtu.be/IyZmxUIADGY

https://youtu.be/PMeujOuWJwM

[PJ Sisco]

Ex-moon head here...
List of things not to do.

1. Don't rush it

2. Don't open without having enough money to sustain it for several months.

3. Don't depend on word of mouth as your main source of advertisement

4. The 10th Planet name isn't enough to make it successful.

Now, that I've had my moon closed and learn what not to do... maybe I will reopen someday with the knowledge of what to do right. hahaha

[PJ Sisco]

oh and don't do partners... it almost always goes sour.

[JohnC]

I've never opened up a gym before, but in my line of work I've dealt w/ city building inspectors quite frequently; so before deciding on buying or leasing a spot, some building expenses to take into consideration are whether or not your local health authority requires the gym to have a commercial ventilation system installed, possible renovations (carpentry, electrical, plumbing etc)/construction permit costs, and the need of a contingency fund in case of cost overrun or emergency maintenance - (usually in construction, the contingency fund is an additional 25% of the initial budget).