What is the Cost of Owning a Gym?

Reposted from www.abcfinancial.com

There are several key criteria to consider when calculating the cost of owning a gym. If you know all of the included costs ahead of time, you will be able to plan accordingly in order to maximize your profits.

Location

Location will likely be the largest cost of owning a gym but will also be the biggest factor in gaining foot traffic and potential customers. Rent mainly depends on where you plan on opening a gym; the cost of opening a gym in downtown Los Angeles will be significantly higher than the cost of opening a gym in the surrounding suburbs. In order to make the right decision, you need to balance out the rental cost with the location in the city. Another item to consider related to location is the demographics you want to target for your gym. If you are considering opening a gym…

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  • October 14, 2018
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Gyms Are Expanding and Many are Eyeing Mall Vacancies

https://www.nreionline.com/retail/gyms-are-expanding-and-many-are-eyeing-mall-vacancies The fitness club sector is flexing its muscles. Fitness and health clubs have grown to be a more than a $30-billion-a-year industry, according to research site Statista, with more than 36,000 clubs across the U.S. boasting more than 60 million members. Top players in the health club industry reported steady growth in 2017 and many are expanding through new development or acquisitions. Life Time, LA Fitness, Planet Fitness, 24 Hour Fitness, and Equinox Holdings (with its brands Equinox, SoulCycle, Blink Fitness and Pure Yoga) all had growth years, according to the 2018 Club Industry Top 100 Clubs list. The current environment appears to offer a perfect storm for the fitness center sector  as consumers become more health-conscious and the economy continues to improve. Fitness concepts are also more internet-resistant than traditional retailers—you can’t work out online, though it’s…
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  • September 27, 2018
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FLAT FEE FULL SERVICE GYM BROKERAGE FIRM

Welcome Welcome to the premier resource for all gym brokerage information and services across the USA. I hope you enjoy your visit and explore everything our gym brokerage website has to offer, including gym and fitness center listings, information for gym buyers and sellers and more.

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  • September 10, 2018
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Follow These Gym Brokers’ Tips to Get a Good Price for Your Gym

There are many reasons why you might want to sell your gym. Maybe you're moving across the country and it's just not going to be feasible for you to run your gym from there. Or maybe you've made enough money and decided to retire. Or maybe you found that your other fitness businesses, such as yoga or dance classes, were doing better in that area. So you've decided to stick to those and sell off the gym. Whatever the reason, it's necessary to present your gym in the best way possible so that potential buyers will fall in love with it. And a gym broker can help you to do this. Equipment Maintenance If you want your gym to fetch a fair price (or even a price that's above market value) you're going to have to maintain it well. If you've always maintained your gym in good condition, you won't have much to do at this point. But if you haven't, it's a good idea to go over your gym and check out the condition of all your equipment. Is it in good shape and functioning smoothly? …
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  • June 15, 2018
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We buy gym and fitness equipment from all over the country.

We buy gym and fitness equipment from all over the country. We have the experience to buyback your entire gym or fitness center and have all the equipment removed by our professional team. We have purchased hundreds of gyms for over 25 years and have become the leading industry equipment purchaser all over the USA. If you have a gym that is trading in equipment, closing, liquidating assets or have some extra gym equipment to sell please contact us at fmconsulting.net/contact or text 214-629-7223.
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  • February 26, 2018
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Gyms for Sale

Have you made the decision to sell your gym. This is a critical moment in your business cycle and we want to help you receive top offers. We understand that the sale is more than a transfer of assets and we will help you maximize the profits from your exit. We have over 30 Years of experience in the health & wellness industry and we know what buyers want. Contact us today! fmconsulting.net/contact or 800-929-2898. #gymbroker #healthclubbroker #businessbroker #gymowners #fitness #mma#crossfit #kickboxing fmconsulting.net/gymsforsale
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  • January 6, 2018
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Listing Gym Broker – Co-broker

We want to Help! Would you be willing to work with us as a Business Broker to help sell your business for you??? There are NO Fees until your business sells. We will Advertise, Market, Network & Promote your business For Sale. We will work hard for you. We want to Help! We have a very strong data base of buyers who we work with that are specifically interested in the fitness business. We look forward to hearing from you. Please advise ASAP so we may execute a Sale of your Business. Other brokers are welcome to contact us.  We will co-broker.
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  • March 22, 2017
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Financing Opportunities for your Gym

You can’t execute your vision for your gym if you don’t have the financial resources needed to implement it: this is a simple truth for every gym owner across the industry. It takes capital to transform vision into reality, and in most cases, the bank across the street from you may not be your best option. In fact, given the strict nature of bank lending over the past decade, it may not be an option at all. Most small- and medium-sized gyms and fitness centers struggle to secure funding needed for acquisition, growth or working capital needs. Gym owners are focused on the day-to-day challenges of running their club, and it can be very difficult and time-consuming to survey a vast array of lending options to identify one that can actually be secured. While every vision will not be suitable for every lender, there is usually a lending partner somewhere that is the right fit for that vision. And it is the role of Fitness Management & Consulting to connect you with a lend…
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  • September 28, 2016
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Sealing the Deal: The Benefits of a Gym Broker

Traditionally, a broker serves as a facilitator between buyer and seller, arranging transactions in exchange for a commission. If you're starting a new gym or modifying your existing vendor list, you can benefit from the knowledge and expertise of gym brokers. You don't have to face the daunting venture of starting a fitness center business alone. Getting Started If you're thinking of becoming a health club or fitness center owner, your gym broker can locate prospective sellers. A qualified gym broker will have valuable insight on buying and leasing space, establishing contracts with companies that supply the latest in health club equipment, and securing package deals. Your broker can also assist in acquiring the basics -- pool maintenance products, locker room supplies, health and beauty products, or vending machines. Establishing or Expanding Your Vender List If you are just starting out as a fitness center owner, you don't need to spend more time establishing you…
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  • September 3, 2016
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Sell Your Gym Now

Is it time to sell?  Wanting a buyer for your gym? Don’t know where to find them? Our channels get thousands of hits each month.  When owners of gyms are looking to sell they turn to Fitness Management.  Fitness Management is your link to leading gyms and top business brokers by connecting you with quality prospective buyers and strategic acquirers. Buy/Sell transactions are at the highest level since 2007.  For buyers, the represents strong value opportunity as a result of increasing revenue growth and stabilizing prices.  The consistently strong financial performance of gyms bodes well for the future and is why gym owners are earning healthy sales prices upon exit. Fitness Management has Sr. Business Intermediaries looking for gyms in your area.  Reply now to find out if you are a possible match. Qualified buyers and strategic acquirers are out in force, it is truly a seller’s market.  Act now for a no-obligation consultation. Please fill in the requested information an…
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  • April 13, 2016
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