Commercial Gym Equipment for Sale – A Guide in Building Your First Gym
This entry was posted on May 23, 2019.
The health and fitness industry is growing at a fast pace as more and more people look for ways to improve their overall health and shape. In recent years, poor lifestyle and diet have led to increased health complications as well as obesity.
The demand for exercise and staying fit has increased, explaining the boom in the fitness industry.
People are also becoming cautious of their bodies and want the ideal fit shape.
This is especially the slender fit bottle-body for women and lean or buff muscles for the macho men. For this reason, many personal and gym trainers have flocked the industry.
To make your dream come true, employ these tips to accumulate a position of strength, and get it.
Getting Started with Your Ultimate Commercial Gym
1.Conduct in-depth research and put a realistic plan together
Do Your Research
The mistake that most gym and personal trainers make is to venture out without proper research and planning. It all seems easy before it is done.
It is advisable to conduct serious research, put all your numbers together, and lay down the business plan.
Ensure you work through this with someone who knows the business inside out and has had extensive experience to go through your plans and numbers with you.
If you’re looking to loan money from a bank, they will need a well-drafted business plan as well as projections. Banks do not care about your dreams and want to see money and return on investments. So, wear a thick skin and be prepared for some tough questions.
Seek Help from the Experts
It is advisable that you spend a couple of months talking with other gym owners in Shreveport, across the state and country.
You will be able to learn the struggles they experienced when they were starting and avoid them. Ask the right questions such as the gym style and several clients as well as all the sources of revenue.
Ask about the operating costs and expenses, including the management of employees. Finally, insist on the problems faced when starting your gym and the unforeseen issues that they came across.
Relate these questions to your plans and later plan with a complete budget. Decide on the best places to look for professional gym equipment for sale, location, and the marketing strategies you will employ.
Remember to think outside the box and consider services such as cleaning, accounting, insurance, utilities, an attorney, and so on.
Finances are one of the biggest hindrances to the most gym and personal trainers who dream of opening their gyms.
Saving for this dream will require sacrifice and will need you to spend far less than the current income and live on a budget.
You can also look for additional sources of income or live in a basement to supplement your savings. You can also offer training services online or even mow loans during your spare time.
Budget and get used commercial gym equipment such as the Horizon Elite R 37 Recumbent bike instead of the expensive new ones.
Depending on your plans, you will determine the amount that will be required.
The larger the gym, the better the location and the more the equipment, the more money will be required. Take advantage of offers and coupons especially when purchasing essential items such as the Spri Airex mats to save more.
It is imperative to accumulate loyal and dedicated clients through good relationships and branding.
Be smart in your timing, especially with clients locked into contracts. Ensure you make your operating budget based on the smallest number of your dedicated clients.
This means that you should project high on the side of the cost and low on the bottom of the income. You can always expand as more clients join and ensure you are within a short distance from the current location.
4. Work with Family and Friends
Your close associates and folks are more concerned about your success and can help you with a few essential things such as setting up the place, financial support, and marketing, acquiring professional gym equipment for sale among others.
They can spread the world and in the digital age, use their social networks to hype the new gym.
Being a location-based industry, the fitness business will require a lot of networking, especially in the local community.
By being creative and with the back up of close friends and family, you can build your business and maximize on the local community through meet and greets, functions, concerts, schools, churches and so on.
Referrals are your lifeblood to survive in this business and make good use of it.
Get High-Quality Professional Gym Equipment for Sale
Building a gym takes times, money, and patience. You need all the help you can get, one finding a store that can accommodate everything you need in your gym.
Fitness Expo Stores offers commercial fitness machines, as well as used commercial gym equipment ranging from treadmills to weights.