how much does it cost??

Discussion in 'Gear & Equipment Discussion' started by kerplunkett1, May 18, 2008.

  1. kerplunkett1

    kerplunkett1 White Belt

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    i was just wondering...
    how much do you think it would cost to open a gym??
    uncluding:
    mats
    bags
    rent
    a cage (ring)
    Treadmills
    and what ever else

    it seems like this would cost to much to do how do ppl make money off there gyms
     
  2. Ryukyu Damashi

    Ryukyu Damashi Ryukyu Damashi

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  3. stu3ufc**

    stu3ufc** Yoshihiro Akiyama

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    location location location!!!

    very important
     
  4. kerplunkett1

    kerplunkett1 White Belt

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    oh yea this is on the east coast sorry specifically in virginia
     
  5. FullContact.com

    FullContact.com Yellow Belt

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    I know a lot of people that are just happy to break even on their gym and do it for the glory more than the money. Hard to believe, I know...

    Full Contact Outlet
     
  6. threetimes3

    threetimes3 Blue Belt

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    A lot. You have to have some drawing power to make people want to come. It will be a long time before you break even. In fact sometimes you don't break even. At least that was the case when Andy Wang and I opened a gym. We couldn't decide what to name it so we used both of our last names.

    -Darryl Sukin
     
  7. ClampXVII

    ClampXVII Bravado Muay Thai Trainer

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    sukin wang gym?
     
  8. ClampXVII

    ClampXVII Bravado Muay Thai Trainer

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  9. threetimes3

    threetimes3 Blue Belt

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    Yeah. didn't think about it until we had the sign made. Signs are expensive also.
     
  10. johnwinstrol

    johnwinstrol White Belt

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    You could easily be in for a $50k initial investment for equipment if you got everything you mentioned with a fair number of each. Then add rent to that per month. In Va, if you're talking NoVa you can probably charge $150+ per month per student, but you'd better have at least 2 training sessions for both Muay Thai and BJJ per day and a fairly respected set of instructors. The DC area has a pretty decent group of instructors at the various gyms, so you'd have to make yours stand out, either by offering something the other guys don't or by having a lower price per month for membership.

    All in all though, if it's money you're looking to make and you're not fairly well known in the sport, where your name can get people to sign up right away, it most likely isn't a good investment.
     
  11. ClampXVII

    ClampXVII Bravado Muay Thai Trainer

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    I call work unless I see a picture!
     
  12. kerplunkett1

    kerplunkett1 White Belt

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    sukin wang ahh what a good laugh .. no disrespect
     
  13. Bucketbot

    Bucketbot Blue Belt

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    As has already been said...

    Depending on where you are located (you mentioned that, but i do not know commercial prices in your neck of the woods), and how crazy you want to go with buying all top of the line equipment you could easiler spend 50-150K to get started

    Having said that if you keep it a little more low key and bargin bin it a bit you could most likely get going for 10-20K...

    As also was mentioned...it would be best to have a bit of a student base before getting started, esp if you are spending 50-150K...otherwise you will be out of business in no time!
     
  14. Tone C

    Tone C Silver Belt

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    Well Ron at SSF started up a gym recently and GalltiK also started up one though that was low key.Maybe you could contact them for ideas?
     
  15. Tone C

    Tone C Silver Belt

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    Of the sign,right?:icon_chee

    That is kinda unfortunate.I remember when my kids were born trying out all variations of their names and initials so they were not gonna get the piss taken outta them in later years....too easy to cock up with things like that if you aint careful...

    Remember a few that almost came to fruition over here amongst the renaming of universities....

    College-University of Newcastle-upon-Tyne.Look at the large initials.

    And Kingston uni almost called itself University College Kingston.So when you graduated you would therefore be a Fellow University College Kingston.Again look at the initials and imagine that upon your resume.

    And one of my former workmates had the surname of Shaw.First name of Colin.So that became C Shaw.(say it out loud)
     
  16. Michael Davis

    Michael Davis Silver Belt Professional Fighter

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    pretty expensive cause youll have to include trainers and several of each kind of gear, throwing dummies ect.
     
  17. Krossinc

    Krossinc Design is el cool

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    Virginia doesn't narrow things down. Rural Virginia is dirt cheap. Richmond, Va is pretty expensive but not overly so. Northern Virginia is one of the most expensive places for rent in the country.
     

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