We know you’re tired of hearing “it varies” by now, but this is absolutely true. Just for a numerical comparison, a 2,000 sq ft space is estimated to cost $6,000 a month in rent in Los Angeles. For example, being located next to a health food market may attract more customers than being adjacent to an industrial warehouse. It is also important to take note of the businesses in the surrounding area to help determine if you can siphon some of their customers. Street visibility is important if you do not plan on spending a ton on marketing but it will cost you much more in terms of rent per month. The most important factor is determining whether your location will get enough foot traffic for the cost. Location will be one of the largest cost factors and can even vary widely within cities. This will be the bulk of your operation costs and varies significantly depending on size and most importantly location.
We hope this guide can help you figure out how much opening a gym will cost you and help you decide if this is a path you wish to pursue. We will give you actual numbers instead of vague words so you can begin to put together your business plan.
While it is nearly impossible to give a ballpark estimate that will encompass all types of gyms, we can give a general figure on the cost of each component.
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