If you want to open a gym or a personal training business, one of the most important aspects of your success is finding the right location. It must be the right size, the right feel, and the right price. Finding a gym rental space, on the other hand, can be easier said than done. Take a few minutes to read through this comprehensive guide to the top qualities and considerations you should look for in your future business space.
Working for a gym has some advantages, such as a ready-made client list, but it also confines you and limits your ability to train the way you want. Consider renting if you like the idea of working for yourself. One of the best reasons to consider renting a gym space is that it allows a new trainer to work independently on a budget.
Read these five major factors to consider while you are looking for a gym rental space:
1. Capacity for Occupancy When looking for a new location for your gym, one of the most important factors to consider is the maximum occupancy. The last thing you want is to be locked into a space for several years, putting a relatively low ceiling on your earning potential. Unfortunately, if you are a new business with limited funds, you may have to compromise on how much space you can initially afford. Keep in mind, however, that every new business owner has to start somewhere. If that means starting slowly for the first few years and building a strong client base before expanding, that may be the best thing for business in the long run.
2. The type of space Another factor to consider when searching for a gym rental space is the type of building in which you will be investing your time, money, and business. For instance, what type of gym do you want to run to? Do you want a one-on-one studio gym, a heavy-lifting gym, or a large warehouse space for a more Crossfit-style gym? While you can always decorate and customise the space you rent for your gym, the type of space you rent is critical to creating the atmosphere you desire in your gym.
3. Building Specifications Once you have a good idea of what kind of gym rental space you want, you can start looking at more specific features that may or may not be important to you. For example, if you intend to have climbing ropes or anything else that requires a bit more height, you should think about how high the ceilings are. You might also want to consider having a lounge area available for parents and other people who are waiting for whatever reason. You may also require office space to process new members.
4. Monthly costing Next, consider your budget as you examine each gym rental space. How much money can you comfortably spend each month? As previously stated, your dream space may be out of your price range right now. Begin slowly, with a smaller space if necessary, and give your gym time to establish a clientele and credibility. When you're ready and have a larger budget, you can look into dream homes.
5. Location Finally, consider where you want your gym to be located. You want to be centrally located and easily accessible to potential customers. It can be difficult to stick to a workout routine, which is exacerbated by an out-of-the-way gym. However, you should be cautious about locating your gym too close to any major competitors. While you may get lucky and attract a few of their rejected clients, you may also lose some of your own.
Wrapping up Are you looking for a place to rent a gym? We can assist you if you are looking for gym rental space for a studio or personal training gym. Contact us today and visit byobfitness.com to learn more about what we have to offer, or read some of our other great articles!