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
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:
I hope that this helps!
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.