{"id":7088,"date":"2020-01-02T05:51:37","date_gmt":"2020-01-02T11:51:37","guid":{"rendered":"https:\/\/www.fmconsulting.net\/gymsforsale\/?p=7088"},"modified":"2020-01-05T09:04:45","modified_gmt":"2020-01-05T15:04:45","slug":"5-things-to-consider-before-owning-a-gym","status":"publish","type":"post","link":"https:\/\/www.fmconsulting.net\/gymsforsale\/5-things-to-consider-before-owning-a-gym\/","title":{"rendered":"5 Things to Consider Before Owning a Gym"},"content":{"rendered":"<p id=\"14da\" class=\"graf graf--p graf-after--h3\">Reposted from\u00a0<a class=\"markup--anchor markup--p-anchor\" href=\"http:\/\/www.abcfinancial.com\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-href=\"http:\/\/www.abcfinancial.com\">www.abcfinancial.com<\/a><\/p>\n<p id=\"45ae\" class=\"graf graf--p graf-after--p\">Congratulations, you\u2019ve decided you are ready to become a gym owner. The global fitness and health club industry generates more than $80 billion in annual revenue. However, just because the market is great does not mean you should dive into the industry without proper research and planning.<\/p>\n<p id=\"bed7\" class=\"graf graf--p graf-after--p\">You need to create a plan to ensure you have the proper certifications, a streamlined process to collect membership dues, know how many employees you\u2019ll need to hire and have an automated way to simplify administrative tasks. Ensuring that you have everything you need to run a successful gym is critical before you make that leap. Below we have outlined 5 things to consider before owning a gym:<\/p>\n<p id=\"22d8\" class=\"graf graf--p graf-after--p\"><strong class=\"markup--strong markup--p-strong\">Certifications<\/strong><\/p>\n<p id=\"b187\" class=\"graf graf--p graf-after--p\">If you plan to have personal trainers or group fitness instructors, make sure they\u2019re certified. A personal training certification ranges from about $500-$1,000. Many certifications can be obtained through the\u00a0<a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/www.acefitness.org\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-href=\"https:\/\/www.acefitness.org\/\">American Council on Exercise<\/a>\u00a0through a series of study guides and tests. Obtaining certifications such as these shows your members that you have proven industry accepted competencies and that you are serious about what you do and adhere to industry standards. Other certifications your gym staff may need include:<\/p>\n<ul class=\"postList\">\n<li id=\"aa19\" class=\"graf graf--li graf-after--p\">Lifeguarding\u200a\u2014\u200a$250-$500<\/li>\n<li id=\"8104\" class=\"graf graf--li graf-after--li\">Water Safety\u200a\u2014\u200a$20-$50<\/li>\n<li id=\"33fb\" class=\"graf graf--li graf-after--li\">CPR\u200a\u2014\u200a$75-$125<\/li>\n<li id=\"c877\" class=\"graf graf--li graf-after--li\">Health Coach\u200a\u2014\u200a$400<\/li>\n<li id=\"0f4e\" class=\"graf graf--li graf-after--li\">Nutritionist\u200a\u2014\u200arequires a Bachelor\u2019s degree, price varies depending on institution<\/li>\n<\/ul>\n<p id=\"7312\" class=\"graf graf--p graf-after--li\">You can learn how to get certified here.<\/p>\n<p id=\"e4de\" class=\"graf graf--p graf-after--p\"><em class=\"markup--em markup--p-em\">License &amp; Permits<\/em><\/p>\n<p id=\"a6c6\" class=\"graf graf--p graf-after--p\">It\u2019s important to ensure you and your members are protected with insurance in the unfortunate case of an accident at your facility. In 2011, a woman fell off a treadmill and hit her head, having to undergo multiple surgeries, at the 24 Hour Fitness in Sacramento, CA. She pursued legal action against the facility claiming the treadmill wasn\u2019t within the proper space requirements needed for user safety. Unfortunate circumstances like this should demonstrate why you should include a statement in your member contracts to prevent your members from taking legal action against you or your facility.<\/p>\n<p id=\"0d40\" class=\"graf graf--p graf-after--p\"><strong class=\"markup--strong markup--p-strong\">Type of Gym<\/strong><\/p>\n<p id=\"0dba\" class=\"graf graf--p graf-after--p\">Whether it\u2019s big box, mom and pop, or a boutique studio\u200a\u2014\u200ayou first need to determine which type of gym you want to open. If you\u2019re looking to focus on a niche workout with specific fitness classes like cycling or yoga, then a boutique studio may be best for you. If you need room for a lot of members with plenty of classes and strength training equipment, a larger box gym may be best for you. If you\u2019re not sure what type of gym you want to open, first understand who your target audience is. Once you understand this, you will be able to determine membership types and pricing structures.<\/p>\n<p id=\"7db2\" class=\"graf graf--p graf-after--p\"><strong class=\"markup--strong markup--p-strong\">Membership Types<\/strong><\/p>\n<p id=\"6926\" class=\"graf graf--p graf-after--p\">What kind of memberships will you offer and how will you keep your members engaged? You may want to offer two or three types of memberships such as basic, standard, and premium. This will give your members options with different levels of pricing and commitment. Determining membership pricing can take some time. You should first take a look at how many members you plan to have, at what frequency they are using your gym and what types of workouts they are participating in (cardio, fitness classes, personal training). On average, a\u00a0<a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/www.statista.com\/statistics\/639067\/monthly-price-of-gym-in-us\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-href=\"https:\/\/www.statista.com\/statistics\/639067\/monthly-price-of-gym-in-us\/\">gym membership costs<\/a>\u00a0about $20-$50 per month. Although, your pricing structure will largely depend on the type of gym you plan to open.<\/p>\n<p id=\"4b0c\" class=\"graf graf--p graf-after--p\"><strong class=\"markup--strong markup--p-strong\">Gym Membership Software<\/strong><\/p>\n<p id=\"c111\" class=\"graf graf--p graf-after--p\">You have considered the type of gym you want to open and the membership types, but how are you going to sign-up your members and manage them, along with managing your employees? Take a look at these critical gym membership management software features outlined below:<\/p>\n<p id=\"dce6\" class=\"graf graf--p graf-after--p\"><em class=\"markup--em markup--p-em\">Member Sign-Up and Management Features<\/em><\/p>\n<ul class=\"postList\">\n<li id=\"6147\" class=\"graf graf--li graf-after--p\">Allow members to sign-up for a gym membership on any device<\/li>\n<li id=\"29a4\" class=\"graf graf--li graf-after--li\">Check-in members manually or allow them to swipe or scan a key tag or key fob<\/li>\n<li id=\"1e44\" class=\"graf graf--li graf-after--li\">Create alerts on members to pop up when they check-in<\/li>\n<li id=\"99b3\" class=\"graf graf--li graf-after--li\">View member billing\u200a\u2014\u200amembers can store multiple credit cards or EFT payment options<\/li>\n<li id=\"e08d\" class=\"graf graf--li graf-after--li\">Enter membership agreement electronically<\/li>\n<li id=\"423f\" class=\"graf graf--li graf-after--li\">View member details such as bar code and agreement number, notes, secondary members, past due, next due, late fees, service fees, etc.<\/li>\n<li id=\"cbe8\" class=\"graf graf--li graf-after--li\">Deactivate members<\/li>\n<\/ul>\n<p id=\"8e49\" class=\"graf graf--p graf-after--li\"><em class=\"markup--em markup--p-em\">Employee Management Features<\/em><\/p>\n<ul class=\"postList\">\n<li id=\"dada\" class=\"graf graf--li graf-after--p\">Track availability and time sheets<\/li>\n<li id=\"d958\" class=\"graf graf--li graf-after--li\">Set employee level security<\/li>\n<li id=\"c148\" class=\"graf graf--li graf-after--li\">Track clock-in\/out<\/li>\n<li id=\"1611\" class=\"graf graf--li graf-after--li\">Manage employee productivity goals<\/li>\n<li id=\"9cb2\" class=\"graf graf--li graf-after--li\">Create employee alerts to show when they clock-in<\/li>\n<\/ul>\n<p id=\"f419\" class=\"graf graf--p graf-after--li\">These software features will save you the time needed to focus on member engagement rather than sifting through hundreds of papers trying to manage your members and employees.<\/p>\n<p id=\"5c4e\" class=\"graf graf--p graf-after--p\"><strong class=\"markup--strong markup--p-strong\">Payment Processing Services<\/strong><\/p>\n<p id=\"7fc7\" class=\"graf graf--p graf-after--p\">Determining the best way to collect payments from your members isn\u2019t always easy. Using a payment processing service can save you time and will ensure you\u2019re collecting all payments from your members. In the case that your members become delinquent, you won\u2019t have to spend time calling them to track them down for their payment. A payment processing service will handle the hard work for you. Once a member becomes past due this service will automatically attempt to collect dues at certain times depending upon the member\u2019s method of payment. This will give you more time to focus on your members and running your club instead of spending hours trying to collect payments. Click here to learn more about payment processing services specifically designed for collecting membership dues.<\/p>\n<p id=\"d2b2\" class=\"graf graf--p graf-after--p\">If you are considering owning a gym, ABC Financial can provide you with the gym management software and payment processing services you need to be successful. ABC Financial is the leading fitness club management software and payment processing provider in the fitness industry. We\u2019ve been in business since 1981 and work with 6,700+ health clubs across the country. Our goal is to provide gym owners with the products and services to make club management easier while maximizing revenue. Take a look at how we\u2019ve helped transform Spencer McDaniel\u2019s clubs.<\/p>\n<p id=\"488d\" class=\"graf graf--p graf--startsWithDoubleQuote graf-after--p\">\u201cI don\u2019t have to sit there going through paperwork to find answers that I can find in two seconds using DataTrak,\u201d McDaniel says. Our software, DataTrak, has helped Spencer sign up members, keep track of their information, and check them in to his gyms. Spencer believes in ABC stating \u201cIf I had to start over my first call is going to be to ABC Financial.\u201d<\/p>\n<p id=\"faf2\" class=\"graf graf--p graf-after--p\">Interested in learning more about ABC Financial? Request a demo to see how ABC Financial can transform your gym.<\/p>\n<p id=\"bae6\" class=\"graf graf--p graf-after--p graf--trailing\"><em class=\"markup--em markup--p-em\">An\u00a0<\/em><a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/www.fmconsulting.net\/outsourced-gym-ceo-services\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-href=\"https:\/\/www.fmconsulting.net\/outsourced-gym-ceo-services\/\">Outsourced CEO<\/a><em class=\"markup--em markup--p-em\">, Jim Thomas is the founder and president of Fitness Management USA Inc., a management consulting, turnaround and brokerage firm specializing in the gym and sports industry. With more than 25 years of experience owning, operating and managing clubs of all sizes, Thomas lectures and delivers seminars, webinars and workshops across the globe on the practical skills required to successfully to overcome obscurity, improve sales, build teamwork and market fitness programs and products. In addition, his company will buy gym equipment from gyms liquidating or closing. Visit his Web site at:\u00a0<\/em><a class=\"markup--anchor markup--p-anchor\" href=\"http:\/\/www.fmconsulting.net\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-href=\"http:\/\/www.fmconsulting.net\/\">www.fmconsulting.net<\/a>\u00a0<em class=\"markup--em markup--p-em\">or<\/em><a class=\"markup--anchor markup--p-anchor\" href=\"http:\/\/www.jimthomasondemand.com\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-href=\"http:\/\/www.jimthomasondemand.com\/\">www.jimthomasondemand.com<\/a><em class=\"markup--em markup--p-em\">.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reposted from&nbsp;www.abcfinancial.com Congratulations, you&rsquo;ve decided you are ready to become a gym owner. The global fitness and health club industry generates more than $80 billion in annual revenue. However, just because the market is great does not mean you should dive into the industry without proper research and planning. You need to create a plan [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":7089,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_mo_disable_npp":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[1030,233,206,231,208,205,234,1135],"tags":[834,236,1249,1018,235,175,1003,237,1182,962,1251,1250],"class_list":["post-7088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fitness-center-broker","category-fitness-center-valuation","category-gym-broker-2","category-gym-valuation","category-gyms-for-sale-4","category-health-club-broker-2","category-health-club-valuation","category-new-gym-start-up","tag-fitness-center-broker-2","tag-fitness-center-valuation-2","tag-flat-fee-gym-broker","tag-gym-broker","tag-gym-valuation-2","tag-gyms-for-sale-2","tag-health-club-broker","tag-health-club-valuation-2","tag-health-clubvaluation","tag-new-gym-start-up","tag-sell-my-gym-for-a-flat-fee","tag-sell-your-gym-for-a-flat-fee"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.fmconsulting.net\/gymsforsale\/wp-json\/wp\/v2\/posts\/7088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fmconsulting.net\/gymsforsale\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fmconsulting.net\/gymsforsale\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fmconsulting.net\/gymsforsale\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fmconsulting.net\/gymsforsale\/wp-json\/wp\/v2\/comments?post=7088"}],"version-history":[{"count":2,"href":"https:\/\/www.fmconsulting.net\/gymsforsale\/wp-json\/wp\/v2\/posts\/7088\/revisions"}],"predecessor-version":[{"id":7268,"href":"https:\/\/www.fmconsulting.net\/gymsforsale\/wp-json\/wp\/v2\/posts\/7088\/revisions\/7268"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fmconsulting.net\/gymsforsale\/wp-json\/wp\/v2\/media\/7089"}],"wp:attachment":[{"href":"https:\/\/www.fmconsulting.net\/gymsforsale\/wp-json\/wp\/v2\/media?parent=7088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fmconsulting.net\/gymsforsale\/wp-json\/wp\/v2\/categories?post=7088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fmconsulting.net\/gymsforsale\/wp-json\/wp\/v2\/tags?post=7088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}