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Message
OT Workout Crew - Would you leave your current gym/health club...
Posted on 4/28/16 at 8:14 am
Posted on 4/28/16 at 8:14 am
...for a strength gym with top of the line equipment. It has been a dream of mine for awhile to open up a gym but I certainly want to offer something unique. A few things have happened recently in my life that may have given me the opportunity to take the leap in a year or so. I know it goes against typical economics and business practice to specifically market yourself to a smaller potential customer base than it is to a mass appeal type of situation like Planet Fitness does. They fricking print money because they have nice selectorized machines and 100 treadmills and because they don't cater towards true lifters, which is where my gym would come in. I know most people just want to go into a gym and put their 30 mins on a treadmill/nautilus equipment with light weight training in and get out. But I also know that there are always some hardcore lifters in almost every gym that compromise on the way they truly want to workout (lift heavy shite, perhaps get loud (not my style, but I get it), get chalk on the ground and not worry about it, listen to any kind of music at any volume, be around other like minded people that like to train hardcore, etc). I feel that in my area (outskirts of Lafayette) there isn't anything offered like that. My gym would offer...
3-4 Rogue Monster Power Racks with Monolifts for squatting and benching
2-3 Rogue Monster Squat Stands
1 Rogue Mono Squat Stand
2-3 Deadlift/Olympic platforms
10+ Rogue Ohio Power/Deadlift Bars & Olympic Bars
1 Elitefts Competition Bench Press
5+ Rogue Flat/Adjustable Benches
1 Rogue GHD
Olympic Plates, Bumpers Plates and Standard York Iron plates
1 Lat/Low Row Selectorized Cable system
Complete Dumbbell Rack from 5-150 lbs
Plyo Boxes, Oly Rings, Ropes, Bands, and other accessory conditioning
2-3 Rowers, 2-3 Aerodyne Bikes, 1-2 Treadmills
Chalk buckets everywhere
A great atmosphere to train and get shite done in
Reasonable price ($50/month?) to compete with other more traditional health clubs
A major financial benefit from investing in strictly old school style strength gear is that you can outfit an entire gym for a fraction of the cost as you would be able to with Body Masters or Hammer Strength style bodybuilding equipment. One Hammer Strength Chest Press machine is $3k brand new. I can buy 3 top of the line power racks for that.
What are some other ideas you would like to see that would you draw you towards this type of place?
What are some negatives aside from limited clientele base that Im not considering?
3-4 Rogue Monster Power Racks with Monolifts for squatting and benching
2-3 Rogue Monster Squat Stands
1 Rogue Mono Squat Stand
2-3 Deadlift/Olympic platforms
10+ Rogue Ohio Power/Deadlift Bars & Olympic Bars
1 Elitefts Competition Bench Press
5+ Rogue Flat/Adjustable Benches
1 Rogue GHD
Olympic Plates, Bumpers Plates and Standard York Iron plates
1 Lat/Low Row Selectorized Cable system
Complete Dumbbell Rack from 5-150 lbs
Plyo Boxes, Oly Rings, Ropes, Bands, and other accessory conditioning
2-3 Rowers, 2-3 Aerodyne Bikes, 1-2 Treadmills
Chalk buckets everywhere
A great atmosphere to train and get shite done in
Reasonable price ($50/month?) to compete with other more traditional health clubs
A major financial benefit from investing in strictly old school style strength gear is that you can outfit an entire gym for a fraction of the cost as you would be able to with Body Masters or Hammer Strength style bodybuilding equipment. One Hammer Strength Chest Press machine is $3k brand new. I can buy 3 top of the line power racks for that.
What are some other ideas you would like to see that would you draw you towards this type of place?
What are some negatives aside from limited clientele base that Im not considering?
Posted on 4/28/16 at 8:15 am to dnm3305
You're doing all this for the gay sex, right?
Posted on 4/28/16 at 8:17 am to dnm3305
Only if I can use the power racks / squat stands for bicep curls.
Posted on 4/28/16 at 8:20 am to dnm3305
quote:
What are some negatives aside from limited clientele base that Im not considering?
quote:
(outskirts of Lafayette)
Proximity to Red's
Very much like the concept though
This post was edited on 4/28/16 at 8:22 am
Posted on 4/28/16 at 8:22 am to dnm3305
If you're only going to have 1-2 treadmills then why have any at all?
Posted on 4/28/16 at 8:26 am to dnm3305
Get ready to lose your arse. You need to do economic studies on gym profitability. You make money on the people who don't show up. Not the people who do.
You want to make money with a smaller strength gym you better be an awesome personal trainer because that is where you will have to make your money.
You want to make money with a smaller strength gym you better be an awesome personal trainer because that is where you will have to make your money.
Posted on 4/28/16 at 8:31 am to dnm3305
Marketing and brand identity are your only chances of making it
You have to put your "Orange Theory" spin on it. Even then, your chances of success are slim.
You have to put your "Orange Theory" spin on it. Even then, your chances of success are slim.
Posted on 4/28/16 at 8:33 am to Tiger Ryno
quote:
You make money on the people who don't show up
Yea, that makes sense.
So youre saying you wouldn't leave your current setup for something like this then Im assuming?
Posted on 4/28/16 at 8:35 am to CockHolliday
quote:
If you're only going to have 1-2 treadmills then why have any at all?
Guys/Gals who want to do a little conditioning, cut/prep for a meet, etc. Im thinking of possibly having more or none at all.
Posted on 4/28/16 at 8:36 am to dnm3305
quote:
So youre saying you wouldn't leave your current setup for something like this then Im assuming?
Is it cheaper than 20 bucks per month?
Posted on 4/28/16 at 8:36 am to dnm3305
quote:
Yea, that makes sense.
I would not leave the Y for this. I never have a problem getting in the racks or getting a bench. And I can swim or ride a bike.
And I can look at the very few bitches while I do these things.
Posted on 4/28/16 at 8:36 am to GEAUXT
quote:
You're doing all this for the gay sex, right?
No, that would be the hidden bathroom cams. Hopefully I can pull a couple of the old guys that love to blow dry their balls from the thread yesterday. That's my thing...
Posted on 4/28/16 at 8:37 am to dnm3305
What's the upfront cost of that equipment? Rent for the space?
Pretty easy to model the financials on this.
Pretty easy to model the financials on this.
Posted on 4/28/16 at 8:39 am to Artie Rome
I'd like to see a dark dirty gym with old equipment open up in my area. I want feel like Rocky again.
Posted on 4/28/16 at 8:39 am to SabiDojo
quote:
Is it cheaper than 20 bucks per month?
No, it probably wouldn't be. Are you paying $20 a month for a gym that has multiple power racks? Not being a dick, I really want to know. I pay $28 with Blue Cross discount for my current Anytime membership. There is 1 power rack and 1 squat rack with two barbells in the entire place. I would assume that is most on here's current setup.
Posted on 4/28/16 at 8:40 am to dnm3305
You really need to do your research and due diligence before starting up something like this. Otherwise, you will lose your arse.
Yeah, I would never just "pick a reasonable price". You need to have some idea of how long it will take to recuperate your costs and make it a profitable venture. This is what should dictate your price, along with what your competitors in the area charge.
quote:
Reasonable price ($50/month?)
Yeah, I would never just "pick a reasonable price". You need to have some idea of how long it will take to recuperate your costs and make it a profitable venture. This is what should dictate your price, along with what your competitors in the area charge.
Posted on 4/28/16 at 8:41 am to dnm3305
Not reading all of that, but no. I wouldn't. I like my gym.
Posted on 4/28/16 at 8:45 am to dnm3305
Reds is always going to be the spot in Lafayette. There may be some hardcore lifters who would swap, but youre talking about a very small number of people.
i get that youre passionate about lifting, but it has to be a business first, which means appealing to a large group of people.
i want to do a similar thing with a high end car wash and detailing business, but i know that in order to make it economically viable i would have to crank out hundreds of "standard" washes every week. the real estate where i would open such a place (or similarly where you would put your gym) is quite expensive. gotta take care of that overhead somehow.
i get that youre passionate about lifting, but it has to be a business first, which means appealing to a large group of people.
i want to do a similar thing with a high end car wash and detailing business, but i know that in order to make it economically viable i would have to crank out hundreds of "standard" washes every week. the real estate where i would open such a place (or similarly where you would put your gym) is quite expensive. gotta take care of that overhead somehow.
Posted on 4/28/16 at 8:46 am to dnm3305
For this to make sense you need to fill.your calendar with personal training sessions. There are far less sheep out there looking to get strong AF than those jumping on group fitness bandwagon like x fit and other programs.
If you want to open a gym in a year or two you better start training people now and build up enough clients to pay your bills before the gym opens.
If you want to open a gym in a year or two you better start training people now and build up enough clients to pay your bills before the gym opens.
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