Fitness is big business, and more than that - it is a lucrative market. People worldwide want to build muscle, trim fat, and stay healthy. You can make their dreams a reality - by creating your fitness facility.
If you have a passion for health and fitness, it’s probably crossed your mind a few times. It would feel like unlocking the doors early in the morning, working out on your custom gym design, and seeing people progress month on month.
Assuming you have the start-up capital or the right loan or grant options in place, where are other things you need to think about.
Training and Qualifications
While fitness and nutrition might be your passion, if you aren’t qualified, you might have some hesitation regarding business loans and members.
Following those, you need to build the proper workout and diet plans. Further qualifications about nutrition and anatomy can help you support your gym members.
You will need to decide between owning the building and leasing it. Most people launching a fitness business spend some time in another gym facility until they are ready to launch their own. This is where you will get your business acumen for gym ownership.
When viewing properties, look out for:
Is there a café/seating area?
Human resource facilities, client appointments, and administrative duties
Room for lockers
Businesses that complement each other - You can sublet to nutritionists, physiotherapists, specialist trainers (e.g., sports), yoga teachers, and others once you've established yourself.
Could you expand the gym in the future if it becomes popular?
While it is pretty standard for gym members to strain or pull muscles as they forge towards PBs, there are accidents that can happen.
One of the first things you need to have in place is a waiver to understand the personal risks of gym equipment and take responsibility for any injuries.
On from that, you need to have these insurances in place:
Public liability insurance
The insurance you choose will be your protection, so it is always better to have the maximum while you might think you can skip some insurances.
You need to have fully trained staff and several staff that have first-aid training. A trained first-aid member of the team should be on shift at all times.
All of your instructors should be on The Register of Exercise Professionals; this membership has insurance assistance.
If you have food prep onsite, have these meals designed by a staff member with nutrition certification, prepared by someone who has Food Hygiene certification, and comply with Food Hygiene Regulations.
Launching your fitness facility is not only a business launch that can change your life, but it changes the lives of all its members too.