So Veeky Forums I'm gonna start a small gym, and my plan is that it can be booked for completely private use...

I'm also thinking of a possible monthly fee you could choose, to have the same hours booked every day for that month

>will be something
Will be crowding something

Do you know hoy many bookings a month you need to break even?

Ok I see your vision here. Have you done the math on how much you would at most be making out of it? Your business model is limiting its own potential for profit quite badly vs the traditional monthly fee model.

What kinda hours do you plan on operating here? You said you would be there in the office the whole time so I'm assuming its not 24/7, maybe something like 10am - 19pm? Your maximum profit at 10$/h is 90$ a day. Thats only if you manage to get all the hours booked. Every hour you're not booked costs you 10$.

And considering you might want to have a day off at some point or the other, you're looking at maybe 6 days a week right? Those are pretty limited hours for your customers considering there are boatloads of 24/7 gyms out there.

Refer to what I just posted
I'm still working out the kinks, but it males me very happy to see some support. Thank you

Roughly 100 hours a month

Here's a scenario
>clickers feature is that they vibrate so you keep in your khakis where the pockets reach your junk
>your dyel regular comes in
>dyel finally gathers enough courage to squat 2 pl8 without warmup for the first time in his life wearing sandals because you don't enforce dress code
>your at your favorite part in your trap porn
>your furiously beating your meat
>clickers start to vibrate like crazy
>you can't stop clicker is only fueling your hand to beat faster
>you finish, your customer is permanently disabled
>cctv caught it all
>you lose the lawsuit that's filed against you
>you lose your gym
Just because your in the office right there doesn't mean shit can't happen withing the span of one minute famalam

I would hire someone(s) to help me run it 24/7. Including their pay rate I would make about $4032 a month (not including any expenses besides the employee pay) I have all the math done, and no, I wouldnt take any days off, I work full time now every single day of the week so it wouldnt be new to me. Like I said I'm working now, and I would happily use my job, and only break even with my gym until it takes off, then quit my job and run the gym full time

If you don't know much about running a business please don't comment. There's already gyms that use this feature, and are big time now. With good paperwork and lawyers this wouldn't happen

Also, you do realize that the extremely high cost and hassle of booking your training hours in advance is going to be very off-putting for many people.

At 10$/h your basic 3-day-split would cost you 120$/month if you manage with only 1h per training session. That's ridiculously expensive compared to the thousands of 20-40$ / month gyms.

I assume it would be small time for a while, just getting enough people to fill hours barely, then people may start paying monthly to have their same hours (with a group of friends as I mentioned earlier would make it very very cheap) and eventually I may end up with the same people every day or so for every month. At which time it would be time to start a new gym with the same concept. Please everyone keep bringing up these scenarios of failure, I really want to be ready for anything. So the more things you can think of going wrong the more prepared I'll be.

4032$/month BEFORE any expenses besides the basic wages? How many employees would you be hiring? Take into consideration your employees might want to take some days off even if you don't. Also for the minimum wage workers the sick-day -rate is like 8% in the US as of last year when I last looked at shit like this. Even higher if you only look at people who work night shifts.
How are you compensating for the much quieter night-hours when you're most likely going to have non-booked hours? Your employee (and utilities) will still cost you while there are no customers.

I would hopfully hire one, but most likely two. But thats not until I know its usually booked most hours. i would work the less busy hours. They can have days off, sick days, whatever, I'll happily cover the hours. Also it would never be my only source of income. i work full time now, and I've been in the bartering business for a while now, that a make a decent sum off of. I expect to be losing money in the beginning, and slowly start making it back, and if I dont, then I'll call it quits, thats fine with me.

Also what projections did you make when you calculations came up with the 4032$? Maximum hours booked minus what percent for buffer?
Have you taken into consideration the amount of money you're losing bc you wont be able to profit from peak-hours/ primetime at all?

$4032 is maximum hours booked, minus employee pay. I completely understand I wont make much at first, I want to make just enough to use the same business, insurance, ect. To open another warehouse under the same parameters, and over again and over again. That's when real profit would start. If I make $1000 a month total gain, thats fine, because with 10 small warehouses, thats $10000 a month for not much

Three people isn't enough to run a place 24/7. Just saying, its not reasonable to expect that. What happens when one of your employees is sick and the other one just wont show up? You'll work 3-4 days straight? Close up the shop?
If you're going to be compensating for all the hours not done by your two full time employees, what happens when you get sick? I understand you're working every day now and may be a very hard worker, but working something like 300h/month is not a cakewalk.

3 people is enough, I could very easily cover 12 hours my self, which i plan on, if not more. That only leave 2 6 hour shift to be covered. How is that not reasonable? I have worked very hard labor while having the flu, I would have to be deathly ill to not work. Every small business has to deal with the possibility of its few employees not showing, I would try my best to cover, and if i couldnt I would call in a favor, and if that didnt work well i would have to give refunds + some sort of compensation for inconvenience, which is no big deal

What you're suggesting is basically a Gym-Time Share.

It could work in theory. If you paid the same monthly fee structure as a standard gym (maybe a premium for the convenience of being a lone)

Obviosly you'd need to charge a premium. Assuming you're open lets say 15 hours a day with 10 sessions (time for clean up/sanitize post workout, etc) 10 sessions daily is not good.

I think it could work if you had a huge gym and had a dozen or so of these personal units that serious guys could rent out so they could do things like superset uninterupted.

You are never going to get maximum hours booked. Never do your calculations based on the most optimistic possibility. You don't even realize how many business owners are sitting at home not realizing why their business is failing when "all my math adds up". The truth is, they did their math like you, with optimism.

Also take into consideration neither your income or your expenses are going to be fixed. There will be fluctuations. You're going to have surprising expenses. You're going to have "cold" months when your income is going to be smaller than you'd expect.

Not taking these things into consideration is the worst mistake you can make. For a small business having one or two months with surprise expenses combined with a "cold" month is enough to put you so badly in the hole you're not recovering. Ever.

I've worked in/done 2ic stuff in a 24 hour place before.

Three people, even if one is willing to pull doubles, is not enough to successfully run a place round the clock.

That's exactly the plan, the first warehouse would make barely anything, but once I saved enough to open more, then it's all good. Once I figure the cost of opening one and getting it to full running standard, I have so much money saved from basic full time jobs, that I could probably open multiple right away

What would be reasonable then? Hiring 4 people to work every other day, or 3 hour shift? Or people on call? That seems less reasonable to me. I mean I can see having to hire one or two more for the weekends

I don't think you realise how much it costs to outfit a gym, even a small one.

I took that into consideration, which is why I figured out what I would need to break even also, which is a measly 4 hours a day. And yes I do understand unexpected costs and what not, thats why I have a hefty sum on the side, for those exact things. I'm willing to sit through cold periods and what not. But I don't possibly see it getting booked less that 4 hours a day, evn if you split it up 0 hours one day and 8 the next.

I do, I've been into fitness my whole life and have my own home gym with very nice things, so I know the costs.

Nah mate. Your "only two 6 hour shifts" adds up. So your two full time employees have 2 days off a week, thats 24h a week your employees are not there.
Also having "I'd try my best" is not a very good business strategy to say the least.

I have a feeling I'm wasting time with this and you won't hear me out, but maybe try and contact a professional, a business consultant or coach. Or even someone who has experience in running small businesses. Show them all your calculations and projections and hear what they have to say.

I actually have a friend who has a very successful small body shop, who I havent brought the idea to yet. I plan on getting as much info from him as possible with slight mentoring, before contacting lawyers to workout the legal issues and everything

Having a home gym and running a professional gym are very different things. The running costs are going to be astronomical compared to a home gym for starters. How much are your expenses projected to be atm? Around 10-15k monthly?

For me, entirely personally, I won't join a gym without one of pic related. I've found it's often the difference between a serious gym and a bad one.

I'm guessing your home gym is not kitted out with all the equipment people expect of a gym, particularly with regards to machines (which are crazy expensive if you're getting proper ones and a fucking liability if you're not).

Break even with 1200$/month? Are your employees actual employees or slaves? Is the warehouse an actual building or a cuckshed in your parents backyard?

Economy major here. The idea definitely has potential. Hybridization now is a big thing, you're offering something half-way between a home and private gym.

But first you need to identify your potential clientele. Probably the most profitable would be upper-middle-class moms. Other groups that tend to: be sheep like, easily intimidated, enjoy group activities that are mostly planned out for them etc. The weight-watchers clientele would be ideal. Scum of them, make it "gym-watchers" or someshit. Of course this will only work if you have a space in or around a relatively affluent area. Market that shit as a system like crossfit: encourage people making groups and watching each others progress with occasional coaching from a pro PT. Hell, become a PT. Give out charts for them to track their progress. Take out adds, something like "Have you started your tribe?" (Terrible, but just indicating general tone.)

Have a web-page, this is a must. It must have a booking system that is simple and indicates which slots are taken. There must be a fair system for reserving slots, ideally by the month. Don't bother with that day to day shit, it would be an uncertain cluster-fuck.

Name the slots or days for extra pizzazz. Example slot: 5-6pm/mon/wed/fri. Pre-make slots after a trial period or do surveys. Make 2day/3day, power/streamlined (ie. 1h and 2h) slots. Offer premium membership with free beverages and food, make it paleo or vegan or someshit. Hand out badges. Create a hierarchy. Hold seminars and hand out certificates. Start a catering or meal-plan programme in time. Small kitchen and a couple cooks wouldn't be too expensive. Why found a gym when you can found a pastel-coloured, avocado-flavoured cult?

Actually, fuck off. This is my idea. You'll have to pay for franchise rights.

You're telling this to a kid who expects to run a 24h establishment with 3 people and with expenses lower than 1200$/month.
I think high-flying brandbuilding should come way after these fucking basics.

Yeah, I've only read the first post.

OP: The way you imagined it will probably be a bust. For most people who actually go to gyms it will be more of a hassle than it's worth. The people that don't go to gyms probably don't have "buy a gym timeshare" very high on their priorities list.

Plus it'd be expensive, gyms thrive on people who have memberships but never show up. Good machines are expensive and you need them for the casual crowd. Renting out a gym to rats and the folks from plg is stupid, if they wanted that they'd buy a rack, bench, plates, bar, crossover machine, bike and some other stuff for less money than they would have to drop on your gym in a year if you want to make any money.

But, hey, I've got a terrific idea out of it. Seriously, I own the perfect location and I'm calling people. I'm going to be rich as balls.

>Your idea is a bust, no one will like it
>I'm gonna get rich off it

Wot

The idea itself is not half-bad actually, it's just pretty obvious OP hasn't put much effort into it besides wishful thinking.
In the hands of someone with a firm grasp of business strategy and the know-how to avoid the pitfalls it could actually work.
I'm not saying is automatically going to make it work, just that the idea itself isn't that bad.

In my opinion it seemed like OP has thought about it for a day, and just wanted some input. Then it kinda seemed like everyone here were acting like he already started the business, and he's gonna crash and burn.

>taking bussiness advice from closeted homosexuals on a serbian penis comparing board

wew lad

Well he did say he'd already done all the math etc. And it was mostly constructive critisism either way.

Squat racks
Deadlift/ p clean platform
Benches
Dumbbell up to at least 200
Barbells
Bumper plates

Cable crossover
Neutral grip pull up bar

Doing it the way OP described in his posts is doomed to failure.
Selling slots in the gym to groups as part of a system makes sense and has tons of potential for expansion.

If I say I'm doing to try to make it work, I'm referring to the latter option.

is that asian kid in the picture elginintensity?

you're going to be in the red forever. You will never profit from this.

>renting enough space
>buying equipment
>management, cleaning, maintenance
>insurance, permits

>"Only $10/hr folks!"

This is a terrible idea. Put your effort and energy elsewhere.

Now I'm pissed off my gym doesn't have one

Y'all just crushed this kids entire hopes and dreams lmao

My perfect gym:
Power rack, barbells THAT SAY HOW MUCH THEY WEIGH FFS, shower, water fountain, mirror, no ac blowing into your face, stretch bands, ab roller, general warm up shit

That's sick lol

Elgin, is that you?

Kekd and checked matey

Squat racks
Squat racks
Squat racks
Squat racks

Tfw my dream is to open a powerlifting gym

Terrible idea
People are shitheads and people don't conmmit on time
You'll have tons of "yo bro I'm feeling down today can you cancel plz?" "Hey I'm on a pump I need 2 more hours"
Then you'll end up with an empty shitty place that only 2-3 people visit everyday