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Demonstrate potential – show that the industry is growing and there’ll be a strong demand for your products or services.
But with the right guidance and templates, it can actually be quite easy to create a killer business plan that impresses banks and investors.
Starting up a new venture can be a daunting task but our 7-step process takes the hassle out of the planning part.
Since the ongoing cost of owning a gym varies so significantly between gym types and sizes, we’ve made a list of potential costs you’ll need to consider in your venture with average cost estimates.
Exact figures may be more or less for your operation, but these gym operating cost categories should be on your mind.
Every gym startup operation is different, saddled with its own unique set of challenges to face.
You’ll have to accept that you’re bound to make some mistakes.
Once downloaded, it’s fully customizable to fit your needs.
The template includes both high and low-end estimates for starting a gym to give you a full picture of what it will take. Day in and day out you invest your time, energy and focus into creating something amazing.
For that, you’ll have to raise the financial estimates by a wide margin.
Take into consideration such factors as square footage, location, and whether or not you'll rent or own the gym you're building and your costs can range from several hundreds of thousands of dollars—all the way up to several million dollars in some cases.