Filetype Excel XLSX | Posted on 15 Aug 2022 | 3 years ago
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201x Filetype XLSX File size 0.07 MB Source: wholesale.rdxsports.com
Sheet 1: GUIDE
| Cost Calculator | GUIDE | LOW | HIGH | GLOSSARY | ||||
| GYM STARTUP | ||||||||
| HOW TO USE THIS SHEET: | ||||||||
| So, how much does it cost to start a gym? To answer that, you’ll have to start by envisioning the ultimate version of a gym you have in mind. For example, a modest studio gym could cost $65,000, while a mid-size gym could cost $115,000. You could also open a simple cycling studio for as little as $50,000, but even within that framework, costs can vary drastically. The bottom line is, it’s possible to spend anywhere from $50,000 for a budget facility to upwards of $1,000,000 for a colossal mega-gym with all the amenities. This template includes LOW and HIGH startup cost estimates, and the numbers are fully editable for your needs. On the Low or High estimate sheets, edit line items based on your business, and watch the graphs update with your information. For additional information on each cost, check out the Glossary tab. |
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| HELP ME FIND THE RIGHT SHEET: | ||||||||
| I have one or more of the following: | I have one or more of the following: | |||||||
| 1) I'm planning to open a modest studio gym. 2) I'm renting my location, and am planning for minor renovations. 3) My staff will be a small but mighty team. |
1) My gym will be large, with a lot of specialty equipment and studios. 2) I'm purchasing my location, and will need to undergo major renovations. 3) I will have a large and specialized staff. |
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| GO! | GO! | |||||||
| START CALCULATING | ||||||||
| Low Estimate | GUIDE | LOW | HIGH | GLOSSARY | |||||||||||||||||
| NOTE: Edit items based on your business. We've placed an approximate cost for each item to get you started. | |||||||||||||||||||||
| ONE-TIME COSTS | ONE-TIME COSTS SUMMARY | OVERALL SUMMARY | REMAINING BUDGET | ||||||||||||||||||
| ITEM | AMOUNT | MY BUDGET | |||||||||||||||||||
| Physical Location | Varies | $65,000 | |||||||||||||||||||
| Gym Equipment | $10,000.00 | ||||||||||||||||||||
| Certifications | $500.00 | TOTAL STARTUP COSTS | |||||||||||||||||||
| Licenses and Permits | Varies | $62,245 | |||||||||||||||||||
| Legal & Processing Fees | $9,000.00 | ||||||||||||||||||||
| Insurance | $12,000.00 | TOTAL ONE-TIME COSTS | |||||||||||||||||||
| Building Improvements & Remodeling | $20,000.00 | $53,870 | |||||||||||||||||||
| Computer Network & POS System | $550.00 | ||||||||||||||||||||
| Signage | $20.00 | TOTAL RECURRING COSTS | |||||||||||||||||||
| Employee Uniforms | Varies | $8,375 | |||||||||||||||||||
| Miscellaneous Gym Supplies | $500.00 | ||||||||||||||||||||
| Merchandise | Varies | BALANCE | |||||||||||||||||||
| Advertising | Varies | $2,755 | |||||||||||||||||||
| Responsive Website | $300.00 | ||||||||||||||||||||
| Operating Cash | $1,000.00 | ||||||||||||||||||||
| ONE-TIME COSTS VS. RECURRING COSTS | |||||||||||||||||||||
| RECURRING COSTS (MONTHLY) | RECURRING COSTS SUMMARY | ||||||||||||||||||||
| ITEM | AMOUNT | ||||||||||||||||||||
| Mortgage or Lease Payments | Varies | ||||||||||||||||||||
| Insurance | Varies | ||||||||||||||||||||
| Permits | Varies | ||||||||||||||||||||
| Equipment Lease Payments | $4,000.00 | ||||||||||||||||||||
| Utilities | Varies | ||||||||||||||||||||
| Equipment Repairs and Maintenance | $2,000.00 | ||||||||||||||||||||
| Cleaning Supplies | $150.00 | ||||||||||||||||||||
| HVAC Maintenance | $50.00 | ||||||||||||||||||||
| Phone and Internet Service | $75.00 | ||||||||||||||||||||
| Employee Wages | Varies | ||||||||||||||||||||
| Payroll Taxes or Self-Employment Taxes | Varies | ||||||||||||||||||||
| Credit Card Processing Fees | Varies | ||||||||||||||||||||
| Marketing | $100.00 | ||||||||||||||||||||
| Legal and Professional Fees | $1,000.00 | ||||||||||||||||||||
| Miscellaneous Expenses | $1,000.00 | ||||||||||||||||||||
| High Estimate | GUIDE | LOW | HIGH | GLOSSARY | |||||||||||||||||
| NOTE: Edit items based on your business. We've placed an approximate cost for each item to get you started. | |||||||||||||||||||||
| ONE-TIME COSTS | ONE-TIME COSTS SUMMARY | OVERALL SUMMARY | REMAINING BUDGET | ||||||||||||||||||
| ITEM | AMOUNT | MY BUDGET | |||||||||||||||||||
| Physical Location | $500,000.00 | $900,000 | |||||||||||||||||||
| Gym Equipment | $50,000.00 | ||||||||||||||||||||
| Certifications | $800.00 | TOTAL STARTUP COSTS | |||||||||||||||||||
| Licenses and Permits | Varies | $826,325 | |||||||||||||||||||
| Legal & Processing Fees | $15,000.00 | ||||||||||||||||||||
| Insurance | $12,000.00 | TOTAL ONE-TIME COSTS | |||||||||||||||||||
| Building Improvements & Remodeling | $100,000.00 | $694,100 | |||||||||||||||||||
| Computer Network & POS System | $2,300.00 | ||||||||||||||||||||
| Signage | Varies | TOTAL RECURRING COSTS | |||||||||||||||||||
| Employee Uniforms | Varies | $132,225 | |||||||||||||||||||
| Miscellaneous Gym Supplies | $3,000.00 | ||||||||||||||||||||
| Merchandise | Varies | BALANCE | |||||||||||||||||||
| Advertising | $5,000.00 | $73,675 | |||||||||||||||||||
| Responsive Website | $5,000.00 | ||||||||||||||||||||
| Operating Cash | $1,000.00 | ||||||||||||||||||||
| ONE-TIME COSTS VS. RECURRING COSTS | |||||||||||||||||||||
| RECURRING COSTS (MONTHLY) | RECURRING COSTS SUMMARY | ||||||||||||||||||||
| ITEM | AMOUNT | ||||||||||||||||||||
| Mortgage or Lease Payments | Varies | ||||||||||||||||||||
| Insurance | Varies | ||||||||||||||||||||
| Permits | Varies | ||||||||||||||||||||
| Equipment Lease Payments | $8,000.00 | ||||||||||||||||||||
| Utilities | $65,000.00 | ||||||||||||||||||||
| Equipment Repairs and Maintenance | $25,000.00 | ||||||||||||||||||||
| Cleaning Supplies | $30,000.00 | ||||||||||||||||||||
| HVAC Maintenance | $50.00 | ||||||||||||||||||||
| Phone and Internet Service | $75.00 | ||||||||||||||||||||
| Employee Wages | Varies | ||||||||||||||||||||
| Payroll Taxes or Self-Employment Taxes | Varies | ||||||||||||||||||||
| Credit Card Processing Fees | Varies | ||||||||||||||||||||
| Marketing | $100.00 | ||||||||||||||||||||
| Legal and Professional Fees | $3,000.00 | ||||||||||||||||||||
| Miscellaneous Expenses | $1,000.00 | ||||||||||||||||||||
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