I agree with the above posts as well. As a gym owner myself, there are so many factors to consider when financially planning to build a gym. I can only lend you a number based on my experience. In building a 4200 sq ft gym and owning the equipment, it cost approximately 120k. However, this number does not take into account the operation of the gym for the year or two before it turns profitable.
I wish you the best!
There are a lot of factors and variables that change in the process. The landlord with the build out can even change this drastically. The build out will usually cost a regular fitness center at $20 (white box) sq ft to $30 a square (pretty nice build out). Crossfit would be cheaper or even cheaper to find a space that has already been built out somewhat.
*Equipment leases-Down payments are usually 10 to 20% total cost for start ups
*Insurance-need this pretty quickly
*payroll for pre sales
Usually have to pay during build out:
You can email me if you want a better understanding or send message to my website.
Good answers. Your question is quite open-ended, as the responses indicate. As Michael suggests, a good first step is to develop a comprehensive business plan based on what type of facility you want to build and market. Who is your potential client base? What do anticipate your staffing needs to be? What kind of and how much equipment do want to have in the facility? Lots of important, specific questions you need to address completely as you put your business plan together.