Finimpact

Conclusion

Now you have a better understanding of how much does it cost to open a gym. Remember a few key takeaways: research everything, stay organized, have a plan, and know how much each particular thing will cost you, and your potential profits. Understand the startup and operating costs before committing to the gym.

Frequently Asked Questions

Is Opening a Gym Profitable?
Opening a gym can be profitable if you research the market, stick to your budget, choose a good location, and be prepared for both startup and operating costs. Well-organized gyms that fill a specific niche and have qualified, certified staff often do well, are profitable, and are an asset to the community they serve.
What Does it Cost on Average to Open a Gym?
Different types of gyms cost different amounts to open. Location, the type of gym, and its size also drastically influence the cost to open a gym. Independent gyms generally cost more to open than franchises. $245,000 and $400,000 is the average cost to open a gym in the U.S.
What Are the Qualifications for Gym Equipment Financing?

Different gym equipment lenders have different financing requirements. However, expect to meet basic qualifications of:

  • Minimum credit score of 600

  • Active business license

  • All necessary permits and certifications

  • Proof of business insurance

  • No unresolved tax liens

  • No bankruptcies in the past 7 years

About the Authors

Allison Bethell

Written by: Allison Bethell

Real Estate and Finance Expert

Allison Bethell is a content writer, real estate investor, small business owner, and consultant. She has a B.A. from Villanova University in Sociology and Business. She also holds several graduate certificates in early childhood development, screenwriting, and contract law.

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Kal Salem

Reviewed by: Kal Salem

CPA, PMP and Finance Consultant

A CPA and finance professional working with small businesses to educate owners and grow alongside their businesses. He holds a Masters in Accounting and a BS in Supply Chain Management. Owner at Salem CPA Services LLC.

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Joe Templin

Fact checked by: Joe Templin

ChFC - Charted Financial Consultant

Joe Templin is a Charted Financial Consultant (ChFC), MCEC, CEC, CLU and CAP with well over three decades consulting, coaching, and teaching. He's an author of the Amazon Kindle #1 New Release "Every Day Excellence" and host of The Human Kaizen Podcast.

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