Try to find a property owner who rented his place to a gym owner and currently ceased to exist. You can offer him a 50:50 partnership in exchange for the property.
The amount of money needed to start a gym can vary greatly depending on factors such as the size of the gym, location, equipment needs, and operational costs.
Opening a gym franchise with no money can be challenging. Franchises typically require an upfront franchise fee, as well as ongoing royalties. If you don’t have the necessary capital, you may be able to secure a gym business loan, find investors, or look into franchisors that offer financing options.
On the lower end, a small personal training studio might cost $50,000 to $100,000 to set up.
If you have little money to invest, it is better not to opt for a powerlifting gym as it will require different types of equipment that cost. One of the easiest and no-investment ways to start a gym business is by offering manual exercise training to students.
There are numerous ways to effectively promote your gym without spending a dime. Harness the power of free digital platforms and word-of-mouth. You can reach potential gym-goers and build a strong fitness community.
Here are some excellent no-cost marketing strategies to help you get your gym off the ground:
- Creating a business plan is essential when starting with limited funds.
- Get a job until you have enough money saved to open a small gym.
The first step is to take advantage of free or low-cost resources. Research local government resources that may help small businesses get started.
But to start a home gym for training clients, plan on $10,000. A modest budget facility starts around $50,000. Mid-size gyms run $200,000 to $400,000. Opening a gym is an enormous investment you’ve to risk, requiring time, energy and attention for little profit.
Never use money earned to buy large multipurpose machines. More manual instruments are needed for group exercising. After earning enough, invest in multipurpose machines. These three ways help start a successful home-based gym business.
It’s possible to open a gym with no money by being patient, offering great service, researching, and utilizing free resources.
The price of a gym membership can range anywhere from $10 a month at budget-friendly gyms to beyond $100 per month at elite gyms.
If you can’t afford your gym membership and can’t get out of your contract, try freezing your account. Ask the manager if you can freeze your account.
If you can’t afford the membership fees, stepping outside for a walk or run is free. Cycling is free too if you own a bike. You can do bodyweight exercises at home like press-ups, squats, planks – try googling “home workouts” for free ideas.
If you don’t have a gym budget, consider the 7-Minute Workout. It’s a high-intensity interval training (HIIT) workout with 12 exercises for 30 seconds each, with 10 seconds rest between.
Accept your limitations and work with what you have. This could include HIIT using your yard or space you have at home. Once I started using what I had, I created a routine and soon my energy returned, clothing fit better, and I was happier.
If even HIIT is out of your budget, try finding parks, bridges, trails to walk, jog, or bike. Even now with a gym, I walk the bridge a couple times a month!