My wife and I are thinking of building a commercial gym, a place we could charge a reasonable membership fee and where we could spend day and night helping out our members and giving words of encouragement and advice at no charge. Do you have any pointers for us?
Dreams are fun; don’t stop. However, as a business to support and secure a good life for you and your great wife this sounds like a nightmare.
You’ll have initial costs of equipment, rent of space, insurance, and the usual maintenance fees of water, gas and electric, part-time help and toilet paper. Advertisement is costly.
Depending on demographics and other gyms in the area, you’ll have a small handful of members who, supportive as they are, are selfish and want more than they can get. That’s life.
Yesterday where there was need of a good gym, today there are three in competition and all going broke.
Your dream is best confined to a garage gym with your buds. A non-biz key-club might work where the right minds and bodies gather the needed iron and share a sufficient space of extraordinary cheap rent. Collected monies are directed toward upkeep and equipment purchases. No licenses, taxes, permits, profits, advertisement, opening, closing, staff… just like minds with respect and responsibility and honor and drive.
I built and owned the coolest gyms for the musclebuilder of all ages… not dungeons, but no glitz, wasted space or lies… lots of honor and respect… 15 years Laree and I managed and polished and taught.
We passed the gyms on and left exhausted… no dough. Be aware.
Thanks for your commitment to our great country over the years… we press on… Godspeed… Dave