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tkfitness · 10-27-2008, 10:10 AM

Hello, I was reading some of your posts about starting a gym and was hoping to get opinion as you seem to know what you're talking about. I am planning on starting my own small personal training gym. I saw some of the figures in the other posts that were well over six figures and I know I cant come up with that kind of money. I will be lucky to have maybe $20k to work with. I know that sounds like nothing but since I am a welder I can make my own equipment. I've been building euipment for several years and it is commercial quality. I figure I will still have to buy around $5k worth of stuff like dumbells and mats etc and then the rest of the money will be for rent and overhead. I intend to rent a small space under 1200 sq feet and where I live I can probably keep the rent under $1k a month. Also I will not have employees and I will let trainers bring thier clients in and charge a fee per session. I might also have a small number of general memberships to help cover the overhead. I have a friend who had a place similar to this and he seemed to ok, he started in a small place and after a few years he upgraded to a bigger building. Am I crazy? or do you think I have a chance? Thanks in advance.

10-27-2008, 10:10 AM	#1 (permalink)
tkfitness Junior Member Join Date: Oct 2008 Location: Ohio Posts: 7	Starting a small gym Hello, I was reading some of your posts about starting a gym and was hoping to get opinion as you seem to know what you're talking about. I am planning on starting my own small personal training gym. I saw some of the figures in the other posts that were well over six figures and I know I cant come up with that kind of money. I will be lucky to have maybe $20k to work with. I know that sounds like nothing but since I am a welder I can make my own equipment. I've been building euipment for several years and it is commercial quality. I figure I will still have to buy around $5k worth of stuff like dumbells and mats etc and then the rest of the money will be for rent and overhead. I intend to rent a small space under 1200 sq feet and where I live I can probably keep the rent under $1k a month. Also I will not have employees and I will let trainers bring thier clients in and charge a fee per session. I might also have a small number of general memberships to help cover the overhead. I have a friend who had a place similar to this and he seemed to ok, he started in a small place and after a few years he upgraded to a bigger building. Am I crazy? or do you think I have a chance? Thanks in advance.