Friday, August 10, 2018

Go Big Or Go Small With Your New Fitness Business Location?

Revenue vs. Risk in a fitness business is mostly influenced by your location and rent

I have a little challenge for you.

So first of all, I just want to let you know I'm really excited about the Fitness Pro Freedom Facebook Group and my work as a coach in the boot camp world, and I'm honored to be a part of that and honored that anyone would want to listen to what I have to say.

So with that being said, I'm gonna let you know a little bit about my history. Maybe a different part of my story that you haven't heard before. And what I've got right here are some numbers to show you. So I used to own a gym, and I thought that was the end-all-be-all of a fitness business dream.

It was our way to financial freedom in our future. It was going to grow from one club to three, maybe five. And more, and we're all going to get rich—at least, that was the idea back in 2004, 2005 and ultimately opening in 2006.

The gym that we had generated somewhere around $30,000 per month of revenue.

That's a lot of money for a guy that was just a personal trainer not too long before that.

The trouble was that the club was 6,400 square feet. There's $500,000 worth of equipment and the rent was 13 grand.