Can anyone on here that currently runs a gym explain to me how to do it? I have looked into it and I really dont see how its possible without getting a large business loan or having a ton of money in the bank. The majority of places want around $2500 a month. I would think that you might not even break even for several months, let alone make any profit. How do you open a gym, pay gym rent, pay your house rent, etc? I have been training my entire life, from the moment i first started boxing at the age of 12 i thought to myself way back then, i would like to run a gym one day. I feel I would make a good coach, however I dont know what to do or how to get started as far as running an actual gym. Everything I can find online only provides stupid common sense answers like, you will need a ring, choose a good location, you will need bags and pads, you will need insurance. It doesnt give any info on what type of paperwork/permits are need, or how to obtain them. And it doesnt mention anything about startup costs, loans, or how to have money to get started.