Fitness is your passion—now it’s time to make it pay the bills. Opening your own gym is an ambitious and rewarding venture, but the biggest question is: “how much does it cost to open a gym?” Gym startup costs vary greatly depending on the size and type of operation you want to run.
That’s why we’ve created this worksheet and companion guide to determine the cost to set up a gym and calculate the details of what it will take.
So, how much does it cost to start a gym? To answer that, you’ll have to start by envisioning the ultimate version of a gym you have in mind. For example, a modest studio gym could cost $65,000, while a mid-size gym could cost $115,000. You could also open a simple cycling studio for as little as $50,000, but even within that framework, costs can vary drastically. The bottom line is that it’s possible to spend anywhere from $50,000 for a budget facility to upwards of $1,000,000 for a colossal mega-gym with all the amenities.
And how much does it cost to build a gym from the ground up? For that, you’ll have to raise the financial estimates by a wide margin. Take into consideration such factors as square footage, location, and whether or not you'll rent or own the gym you're building and your costs can range from several hundreds of thousands of dollars—all the way up to several million dollars in some cases.
Regardless of your particular business path, it’s helpful to break down the costs into two categories: one-time costs and recurring costs.
Make no mistake, the initial costs of opening a gym aren’t cheap. However, your wellness venture may or may not need to consider every item on this list, so feel free to pick and choose the applicable items and add them to your worksheet.
Our gym startup cost worksheet is simple and intuitive to use. Once downloaded, it’s fully customizable to fit your needs. The template includes both high and low-end estimates for starting a gym to give you a full picture of what it will take.
The startup costs shown here by industry are merely guidelines and average estimates based on information pulled from a variety of sources. While we have attempted to present the most accurate information available, please be aware that startup costs can vary greatly according to a number of factors, including but not limited to state and local fees and contractor quotes, and more. The information presented here is intended to help guide prospective business owners in the search for information on starting a business within a given industry, but should not be interpreted as an exact quote.
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