Although the cost of opening a gym varies greatly,you can estimate to spend between $10,000 for a personal training studio to $50,000for a fully equipped commercial gym on equipment alone. While it is nearly impossible to give a ballpark estimate that will encompass all types of gyms,we can give a general figure on the cost of each component.
People also ask
How much does it cost to start a fitness studio?
Think somewhere between $10,000 for a personal studio to $50,000 for a fully-equipped commercial gym. Be sure to shop around鈥攁nd keep in mind you can often get a discount if you purchase the equipment in sets as a complete package. Certifications 鈥?having a professional, certified staff is a big plus.
How much does it cost to open a fitness center?
You should budget $3000 to cover the cost of legal fees, licenses and permits. The location and size of your facility will depend on several factors, including: Whether you will have a separate cardio area, a men鈥檚 and women鈥檚 gym, a food area and a reception lounge.
How much does it cost to own a gym franchise?
A survey of the Top 10 gym franchises in the United States provides the following averages: Planet Fitness is one of the most expensive name brands with an initial investment of $969,600 鈥?$4,242,500 as of 2018, which includes the typical industry expectation of 7% royalties and a whopping ten-year agreement.
How much does it cost to open a gym in UK?
Postal applications take 8 to 10 days and cost 40 (paid by check made out to 鈥楥ompanies House鈥?. There鈥檚 a same day service costing 100. Marketing promotion expenses for the grand opening of the gym in the amount of 3,500 and as well as flyer printing (2,000 flyers at 0.04 per copy) for the total amount of 3,580.