i'm sick of my options, they suck. anybody ever done this?
grr!! lol, i guess i shoulda been more specific.
did you open one. advice? or your business plan? something.
hahah sorry, I didn't know what you wanted from this thread...
first off, how much money do you have?
gyms are pretty expensive...if you don't have 100k+ in liquid assets then turn around now....
if your looking at Golds or Powerhouses I think the requirements were like 300k liquid ish...
thats just the up front money to get a loan and get into the franchise and to make the franchise feel confident that a) you have some backup cash and b) that you have a sense of how money works
if you want to go solo, good luck to you! I REALLY don't recommend it, unless your in a small town, especially if you haven't tried anything this risky before.
Golds has a min sq ft of about 18k I believe...the golds I go to is 75k sqft...
figure a minimum of 10k that you will have to lease at 25$ a sqft depending on where you are...
I could go on and on....but I'm not sure if this is the info you need?
Last edited by geoffgarcia; 04-09-2004 at 08:16 AM.
Yeah the upfront cost of a gym is huge Tough business to break into. Why dont you just work the front desk at one for $7/hr for the rest of your life?
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