Are
you a phenomenal fitness expert? Is running your own gym one of the biggest
ambitions in your life? You have landed your destination because our today’s
post will offer all the information a person needs for setting up a commercial
gym.
For
getting success in the gym business planning ahead is vital, it is necessary to
attain a business license, decide the location and budget, raise the funds if
you do not have sufficient money for the venture. The most important asset in
the fitness project is the fitness equipment used for gym setup in India.
Here
are the prime aspects which will help you know how you can set up a commercial
gymnasium: -
1. Find the Business
Requirement
Before getting started you should have a clear
understanding of the paperwork and legal procedures you need to follow. Some
common steps that you have to take includes –
a. Having a business structure to execute your
commercial gym business in an organized manner.
b. Registering your brand name under
government.
c. Requesting for tax id number (TIN)
You will have to custom a few things according
to the type of service you are planning to provide.
For development a robust business plan
discovering the target clientele is vital. Do a market research of your niche
to have the basic idea of how you can gain profits and the expenses you will
face in future.
Also, identify the type of gym it should be as
it will assist you in a better analysis of your business. E.g. it can be a
women-centric gym in case your staff is specialized in women’s health and
training respectively or a body-building centre if you gym instructors are more
competent to train the bodybuilders.
2. Decide the Location
Location can directly impact the trade;
therefore choosing an ideal locality for
Your commercial gym is the key.
Consider the sort of workout, exercises and
cardio you will offer to decide the amount of space you require. E.g. the
gymnasium offering aerobics, cycling, yoga, etc. should have a different room
for each of the above. Additional space is required for setting up the locker,
waiting for space, sauna etc.
The gym owners who want to offer water aerobic
training should figure out a place which either has an indoor pool or allows
its installation.
It is better to go for a larger space because
if your business expands you might have to relocate. Relocation of a commercial
gym set up in India, often shrunk the revenue as gym goers leave the gym if the
new location is inaccessible.
3. Equipment
Acquisition
The number and type of gym machines you should
buy largely depends on the people who join your gym. If your gym proffers a
wider range of age group then buying resistance training equipment (e.g.
dumbbells), free weights, cardio devices treadmill and recumbent bikes should
be your motto.
Choose a brand which provides high-quality
equipment at an affordable rate this will reduce your gym setup price in India.
Some of the things are essential to buy such
as general gym accessories, mats, exercise ball as the clients would like to
utilize them for stretching. The niche-specific requirement is different in
every case Example – For a boxing focussed gym boxing gloves, punching bags and
defensive equipment are a must to have.
Other than above, one important consideration
is having proper finance and investing in right resources. You might have to
employ people as trainers, health consultant and for front desk tasks. This
brings us to the end of today’s brainstorming session we hope the above-mentioned
details will help you in your commercial gym venture.
