What is an appropriate amount to charge trainers for use of a private gym?
This depends on several factors. But unless you want to constantly have trainers leave to set up their own gym, you should consider making the fee at least slightly more attractive than going it on their own. Many such private gyms will make the rate lower for trainers that have more hours in the gym. Which is a common business model, buying in bulk is less costly per unit. Again, I would suggest a small twist to this. New trainers are usually struggling to get established. I suggest cutting them a break as well to help them get rolling. A month or two to help them get rolling will go a long way to creating some loyalty.
As to a specific amount, you need to consider what the average training session is selling for in your area. Then decide how much of that rate is reasonable for you to charge for the value of your facility. It is not a cut and dry question.
This is a business decision that depends upon your revenue stream.
It’s passive income for the owner, I would figure out what you’d be comfortable with.
It should be priced so the trainer will make money. I would do it in month segments.
Going month to month may not be as motivating as signing a 4 month contract for example
Depends on multiple factors. It may be a good idea to assess the following information before deciding.
What are gyms in your area charging?
What market are you trying to attract?
What are your costs?
Pricing is critical for the health of your business so do your due diligence and some arithmetic before deciding your pricing structure.
Best of luck!
What we do is charge a % of the PT Package depending on the trainer experience and credentials.
1-2yrs experience 30% them/70% us
2-3yrs 40/60
3-4urs 50/50
4-5yrs 60% them/40% us
5+ 70/30
This has worked really well is it incentives experience and retention of trainers.
-Mario
www.warehousegymexpert.com