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New Gym Ownership Advice

Discussion in 'General Business Forum' started by BMX90, May 2, 2020.

  1. STDFR33

    STDFR33 UKBF Big Shot Free Member

    4,392 1,157
    Great comment when not taken with the rest of what I’ve said.

    Like most of your posts, they seem to live in an intelligence vacuum.

    For the avoidance of doubt, after all this is over, many, many people will have little disposable income to be paying for gym memberships.

    I don’t think now is the time to be investing money in a gym, or a lot of other bricks and mortar businesses for that matter.
     
    Posted: May 3, 2020 By: STDFR33 Member since: Aug 7, 2016
    #21
  2. JEREMY HAWKE

    JEREMY HAWKE UKBF Legend Full Member

    5,031 1,679
    Be cautious in a boom
    Be brave in a recession
     
    Posted: May 3, 2020 By: JEREMY HAWKE Member since: Mar 4, 2008
    #22
  3. BMX90

    BMX90 UKBF Newcomer Free Member

    18 0
    As I said the community is a passionate one and I do believe that people just wanna train
     
    Posted: May 3, 2020 By: BMX90 Member since: May 2, 2020
    #23
  4. Mr D

    Mr D UKBF Legend Free Member

    22,888 2,757
    You could claim at any point in the past few decades that many people have little disposable income to be paying for gym memberships.
    Yet people did. Why is that?

    Perhaps they chose to spend some of their disposable income on the gym for some reason beyond you?

    Yes, millions are out of work. Yes, millions are on low income. Care to name a time in the past 50 years when that wasn't the case?
    There are also millions who do have disposable income. They can choose to spend it on whatever method of getting fit, keeping fit, losing weight etc that they utilise the gym for.

    Your flippant remark that people struggling for space to exercise at home should go out the door goes rather against their desire to use the gym.
    Do you even accept that people (other than you) choose to use a gym?
     
    Posted: May 3, 2020 By: Mr D Member since: Feb 12, 2017
    #24
  5. Callum s

    Callum s UKBF Newcomer Free Member

    1 0
    I personally can't see gyms opening anytime soon, doesn't mean you can't get a good plan together.

    I wouldn't even worry about gym equipment prices at the minute, most is on lease anyway. If you haven't found what kind of gym you want to open, why are you looking at equipment?
    These big gyms for instance mainly have thousands of treadmills, cardio machines but hardly any weights, that's their target market. Opening a body building gym will have more weights than treadmills sure you get the picture.

    Regarding disposable income, people will still find the money for gym memberships and that's a good thing, exercise helps mental health! If people really can't afford it there is a scheme where you can get help from the doctors and the membership is pretty much free.
     
    Posted: May 4, 2020 By: Callum s Member since: Apr 29, 2020
    #25
  6. Bob Morgan

    Bob Morgan UKBF Enthusiast Free Member

    732 205
    A few years back, I had some Major Surgery. Before that, I loved to swim, but found it difficult when I returned, and ended-up with an Incisional Hernia - Back to 'Square-One!' My Doctor put me in touch with a Gym, and the Instructor 'Eased' me back in to things before I went back swimming.
    1. Rehabilitation was the Niche Market
    2. I was prepared to pay the price (One-2-One Short Sessions)
    3. Marketing via Medical Practitioner
    The whole process was quite 'Unsophisticated' - No Treadmills or other Fixed Equipment, Video etc., Just Loose Weights and a Lifting Bench!
     
    Posted: May 4, 2020 By: Bob Morgan Member since: Apr 15, 2018
    #26
  7. Chris Ashdown

    Chris Ashdown UKBF Legend Free Member

    11,592 2,411
    Are not MMA type operation done in the evenings and weekends, so although they can be busy for a few hours, are they really money makers or more a paying hobbie

    Many businesses are busy at very little profit rates, if any
     
    Posted: May 4, 2020 By: Chris Ashdown Member since: Dec 7, 2003
    #27
  8. Bob Morgan

    Bob Morgan UKBF Enthusiast Free Member

    732 205
    So true Chris! Call or Meet anyone in the same business and the initial response is always "We are so BUSY!" I once added "Then why have I interviewed 3 of your staff during the last month?" . . . . He then went to get his coat!
     
    Posted: May 4, 2020 By: Bob Morgan Member since: Apr 15, 2018
    #28
  9. BMX90

    BMX90 UKBF Newcomer Free Member

    18 0
    Also they ran during the day also.
     
    Posted: May 4, 2020 By: BMX90 Member since: May 2, 2020
    #29
  10. BMX90

    BMX90 UKBF Newcomer Free Member

    18 0
    any other advice people want to share.
     
    Posted: May 9, 2020 By: BMX90 Member since: May 2, 2020
    #30
  11. Hunnie

    Hunnie UKBF Regular Free Member

    129 35
    Hi, we are a dance school which we run from our own leasehold Studio. Yes, the school was running at weekends and a couple of weekday evenings, until we had to close because of government restrictions.
    But we had other groups using the space eg Karate, Pilates, Yoga, Slimming World, Adult tap, Belly dancing, among others. So they all helped with their contributions to hire the space.
    Perhaps the OP could do the same?
     
    Posted: May 9, 2020 By: Hunnie Member since: Oct 19, 2011
    #31
  12. BMX90

    BMX90 UKBF Newcomer Free Member

    18 0
    Any more advice?
    It would be a MMA gym with facitys for people who just wanted to workout.
     
    Posted: May 16, 2020 By: BMX90 Member since: May 2, 2020
    #32
  13. Rawlinson Pryde

    Rawlinson Pryde UKBF Contributor Free Member

    52 17
    Lots of personal trainers are doing online classes now to generate income.

    Their clients are no longer having to find the time to get to and from the gym and are saving other costs like potentially pay for parking. I can see an increase in demand for stay at home online classes, which could hit gyms.
     
    Posted: May 17, 2020 By: Rawlinson Pryde Member since: May 9, 2020
    #33
  14. BMX90

    BMX90 UKBF Newcomer Free Member

    18 0
    things like mma you need people to train with mainly
     
    Posted: May 18, 2020 By: BMX90 Member since: May 2, 2020
    #34
  15. Rawlinson Pryde

    Rawlinson Pryde UKBF Contributor Free Member

    52 17
    True but there are others you don’t. Just saying the gym industry may have changed. Also 1 PT could train potentially more online in one go than in one room.

    Take accountancy training, it used to be in a classroom of 10 - 20, now it is often at home where 1 lecturer can provide classes to a lot more students, saving a lot of cost and increasing profits.
     
    Posted: May 18, 2020 By: Rawlinson Pryde Member since: May 9, 2020
    #35
  16. busowner987

    busowner987 UKBF Regular Free Member

    175 11
    to say gym memberships will be the first thing to go, I don't agree.

    If my gym memberships went up double I would pay.

    Lot of gym lovers out there
     
    Posted: May 19, 2020 By: busowner987 Member since: Aug 27, 2019
    #36
  17. BMX90

    BMX90 UKBF Newcomer Free Member

    18 0
    What are the best units to rent for a gym of this nature?
     
    Posted: May 25, 2020 By: BMX90 Member since: May 2, 2020
    #37
  18. Hunnie

    Hunnie UKBF Regular Free Member

    129 35
    This type of business are sometimes in large units on industrial estates.
     
    Posted: May 27, 2020 By: Hunnie Member since: Oct 19, 2011
    #38
  19. BMX90

    BMX90 UKBF Newcomer Free Member

    18 0
    this is something I am looking into and would like
     
    Posted: May 28, 2020 By: BMX90 Member since: May 2, 2020
    #39
  20. SillyBill

    SillyBill UKBF Regular Free Member

    171 74
    Brave but not stupid. A recession is also a key weapon in the arsenal of a capitalist economy to kill "excess" and to restore a new platform for future growth. My intuition may be mistaken but it "feels" like we've hit peak coffee shop, peak gym (and a few others not required to be mentioned). They're everywhere and a few perhaps ought to be killed off to give space to the ones left behind. I agree with being bold though.
     
    Posted: May 29, 2020 By: SillyBill Member since: Dec 11, 2019
    #40