Can you open a gym with $10k?
Yes, you can open a gym with $10k. Opening a gym with $10k is challenging but not impossible, especially if you focus on a specific niche or adopt a low-cost business model.
Gyms with minimal startup costs include equipment light options like outdoor boot camps, virtual training, or a small personal training studio. Creative use of resources and careful planning are key to making the most of a limited budget. Read on to learn how to open a gym on a budget and get more information on the cost to open a gym.
The chart illustrates the estimated minimum startup costs for different types of gyms. From outdoor bootcamps, which require the least investment, to full-service gyms, which demand the most substantial financial commitment because of the equipment needed to start a gym and various gym lease costs, or the cost to build a commercial gym facility, gym insurance costs, etc., this visualization helps to compare the initial capital required to start various gym models.
This comparison can aid fitness professionals in making informed decisions based on their budget and business aspirations. Small gyms can make money, but you can also make money by making a fitness app and selling workout plans online without requing significant expenses for buildings, staff, and equipment.
For fitness entrepreneurs looking to maximize a limited budget, Exercise.com offers a cost-effective solution. The platform provides a comprehensive suite of tools for managing and growing a fitness business, including client management, workout creation, and online payment processing, all within a custom-branded fitness app. This makes Exercise.com an ideal choice for those starting with a smaller budget, as it allows for the expansion of services without the need for significant upfront investment in physical space or equipment.
With the best personal training software, the best software for fitness influencers, the best online fitness coaching software, and the best gym software, Exercise.com offers unparalleled customization, allowing fitness professionals to build their own custom branded fitness apps with the best white label fitness app builder software platform.
From running online fitness challenges, to creating one of the best fitness influencer apps, to selling workout of the day memberships, to learning how to create a fitness app, to much more, there are many ways to make money with fitness, and with the Exercise.com platform you have everything you need.
Offer easy gym check-ins.
Quick gym booking and appointment scheduling.
You can create and sell fitness memberships, products, and digital offers.
You can manage, message, and market to your online personal training clients and leads.
All from your very own custom branded fitness apps.
Average Gym Start-Up Costs by Type of Gym
The table below lists different types of gyms ordered from least expensive to most expensive to start, along with their estimated average startup costs:
| Type of Gym | Average Startup Costs |
|---|---|
| Outdoor Bootcamp | $2,000 – $5,000 |
| Online Fitness Platform | $5,000 – $10,000 |
| Personal Training Studio | $10,000 – $50,000 |
| Boutique Fitness Studio | $50,000 – $100,000+ |
| Full-Service Gym | $100,000 – $500,000+ |
This ranking highlights the broad range of investment requirements in the fitness industry, from low-cost, flexible options like outdoor bootcamps and online platforms to more capital-intensive ventures such as full-service gyms. For fitness professionals considering starting a gym, selecting the right type of gym to invest in will depend on available resources, business goals, and target market preferences.
Read More:
- Mobile Fitness Business Guide
- How to Start a Fitness Bootcamp
- How to Start an Online Personal Training Business
Strategies for Starting a Gym with $10k
Focus on a niche market
Concentrate on a specific area of fitness to reduce competition and attract a dedicated clientele.
Start small
Begin with personal training or small group sessions that don’t require a large space or extensive equipment. Be careful about the monthly cost of running a gym and keep your burn low.
Go digital
Offer online training programs or virtual classes to eliminate the need for a physical location.
Leverage outdoor spaces
Conduct classes in parks or public spaces to save on rent and utilities.
Invest in essential equipment
Purchase only the most necessary equipment and consider second-hand to stretch your budget.
Utilize technology
Adopt a platform like Exercise.com with the best gym management software to manage your business efficiently, reducing administrative costs.
Why Exercise.com is the Best Choice
Exercise.com’s versatility makes it an invaluable tool for new gym owners, especially those working with limited resources. The platform’s ability to support a wide range of fitness servicesāfrom in-person sessions to online trainingāallows for business growth without the need for a significant initial investment. By focusing on providing exceptional service and leveraging the right technology, even a small-budget gym can thrive.
Starting a gym with $10k and even learning how to start a fitness business with no money requires innovative strategies and efficient use of resources. By focusing on niche markets, starting small, and leveraging technology like Exercise.com, fitness professionals can build a successful business within their budget constraints. To explore how Exercise.com can help you start and grow your gym, consider booking a demo today.
