The necessary equipment to open a gym is:
- R4000 training bench each
- Dumbbells R20000.00 per set
- Bars R24000.00 per set
- Kettle R1000 per set
- Drawbar R7000.00
- R25000.00 treadmill
- Rowing machine R16000.00
- Fitness ball R2000.00
- Elliptical stepper R16000.00
- Other accessories R50000.00 R200K may open a commercial gym.
How long would it take you to get your money back?
Let’s say you charge R350.00 per number.
1000 members will make you a monthly billing of R350k
Your electricity expenses will be R15k due to the machinery and the shower.
Labor / Salaries R30000.00 (two administrative employees, cleaners and trainers)
Other expenses R20000.00 To break even, 203 members are needed.
To increase those numbers, you need a good marketing strategy and the best salespeople.
What you need here is an NCR certificate. Members must be bound to a 12-month contract. This generates sustainable income for your business.
You need good sales reps that you give a goal to.
For example, 10 sales representatives. Each one has a goal of 5 registrations per week. There are 200 members who join every month. 12 months you have 1000 members plus your turnover of about half a million per month. This is a good deal if you are in a good location and apply the right strategies. This idea could be useful for someone who has just lost their job and has a lump sum that they don’t know how to invest.