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, 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 throw open those financial windows considerably higher. Take into consideration such factors as square footage, location, and whether or not you will rent or own your gym that you are building and your costs can range between 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.