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However, this fee schedule doesn’t encourage participation as much as a monthly payment, which is owed regardless of attendance.
Some boutique gyms also sell nutritional juices or smoothies, or offer coffee and healthy snacks after workouts for additional revenue streams.
Our guide on starting a boutique gym covers all the essential information to help you decide if this business is a good match for you.
Learn about the day-to-day activities of a boutique gym owner, the typical target market, growth potential, startup costs, legal considerations, and more!
This is apparent in their willingness to take direction, show up for scheduled classes and pay more than what standard gym membership might cost in your area.
Since boutique gyms can be much costlier than conventional health club memberships, you’re likely to attract an upscale clientele, along with members who simply feel that the cost is justified.Writing a business plan can be a big job, so we created a template to help guide you through the process.This free download walks you step-by-step through the different areas of information you will need to cover in your plan, giving you helpful tips along the way.You can find out more about trainer and nutritionist certifications from the Your costs will be determined by your location, type of workout program offered, and equipment and machinery needs.Depending on these and other factors, you could spend anywhere from virtually nothing, all the way up to one million dollars in startup costs. For instance, a barebones operation might involve you running a small boot camp class a few times a week in an outdoor public access area, such as a beach or park.If your workout primarily consists of calisthenics, running, and other cardio drills, your only equipment needs might be jump ropes, stretch bands, and lightweight dumbbells.(Don’t even attempt this approach unless you live in an area where the climate is conducive to frequent outdoor training.)On the other end of the scale, you could offer only state-of-the-art stationary bikes, treadmills, and lifting equipment, with surround-sound music and an upscale juice bar for after-workout mingling, in a newer building in a high-rent commercial district.Your customers likely prefer forming a community with like-minded members rather than working out alone, and will help you recruit new members with positive word of mouth. You’ll sign up new members to six-month or one-year contracts, for rates that will likely be higher than gym memberships in your area—perhaps 0 a month or more.A smaller number of specialty gym owners charge on a per-workout basis.You must be able to do much more than provide a facility and equipment.You need to be passionate about the activity you promote and lead, and have the ability to relate to customers of all athletic skill levels.