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Ask a health and fitness-related question and receive answers from fitness experts and professionals
Home » IDEA Answers » Are they any fitness grants for small gym owners?
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Question asked by Adam Barber 2002 days ago

Are they any fitness grants for small gym owners?

Business DevelopmentClub or Studio OwnerBudgeting

My wife and I are both looking to start up our own gym. Our plan is to not have it like every other mainstream gym (golds,rush,peak,ymca) where you just go in and go at your own pace. Most of those places have tons of treadmills, elypitcals, free weights, and some machines). My wife and I are wanting to take it to more of a personal level with trainging either being one on one or in a small group setting. Our goal is to target ages 7 and up. Anywhere from big time college prospects to 70 year old men and women looking to stay in shape and everything in between. We are also wanting to offer scholarship programs to all those who may not have the money to join and workout. Instead of turning them away we would love to train them under the scholarship which basically would allow them unlimited training for a 12 month time period. Sorry if all of thise seems like a bunch of ramble

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Answers (9)

Answered by Karin Singleton 2002 days ago
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2973 Questions Answered, 13 Questions Asked
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Hi Adam,

this sounds like a wonderful place of health and wellness. I suggest, though, that you start with a very carefully laid out business plan to make sure that the math adds up. Just reading your one paragraph, it sounds to me like a lot of expense and not a lot of income.

Many states have grants for small business start-ups, and they have rules when you can apply. There are also grants for minorities (which includes women). The grant application will force you to look at the financial end of things.

I wish you good luck.
Karin Singleton
www.meltnc.com
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Answered by Michael Saiz 1999 days ago
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983 Questions Answered, 20 Questions Asked
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Hello Adam,
I commend you on your business enthusiasm!
Before applying for any grant/s...do you have a business plan?

Michael
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Answered by NatalieSmith NAPS 2 B Fit 2002 days ago
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Hello Adam,

Sounds great; yes, there are grant programs out there. Just google your question for options to choose from and check out for yourself. No worries, you are not rambling.
Good luck with your plans and enjoy.
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Answered by Susan Dalonzo 2002 days ago
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I agree with Karin, I also strongly suggest that you look into an accredited certification for personal training and also look into your liability insurance costs.

Consulting with a tax attorney would also be a great idea prior to any investment.
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Answered by Allison Chopra 2002 days ago
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I'd definitely add to Karin and Susan's responses by suggesting you narrow your target market.
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Answered by Lawrence with Gym Insight 1996 days ago
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I do not know anything about grants, but have you checked into insurance options?

I commend you on starting your own gym. It is worth it if you are passionate about it and you have your own niche standing apart and above the rest!
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Answered by Joanne Duncan-Carnesciali 1996 days ago
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Hello Adam,

Perhaps you might visit www.grants.gov.

Best to you.
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Answered by LaRue Cook 1985 days ago
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Hi Adam. If you still have not found the answer to your question, I just answered a similar question to yours today. You can find that question and perhaps a few more (different) answers to your question here:
http://www.ideafit.com/answers/small-fitness-studio-looking-for-grants-t...

I hope that this helps!

LaRue, CSCS
www.lecfitness.com
larue.cook@lecfitness.com
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Answered by Martin Petrofes 773 days ago
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I would contact the Small Business Administration in your area. And search things like "California Small Business Assitance", "Small Business support", "Small Business Programs", etc. There are a few gyms here now that got investors to help them start up.

I have start and restarted my business several times. I always got a back up job to help with the costs until things got going, if I hadn't saved up enough money before the restart (which was usually a relocation and restart) to give it a go without the back up job.
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