Gym

Business Idea: Start A Gym in 2024

Updated: October 2nd, 2024

Avg Monthly Revenue
$276K
Avg Startup Costs
$18.9K
Score
75
Market Size
Avg Revenue
Min Revenue
$20K/month
Max Revenue
$1.2M/month
Avg Days To Build
200 days

Over the last decade, more people across the globe have become self-aware of the importance associated with living a healthy lifestyle.

As a result, the gym has become a trend for millions of people, leading to a rapid increase in the size and popularity of the global fitness industry. According to statistics, the global fitness club industry is worth over $96 billion.

Therefore, starting a gym could be a great business opportunity.

Revenue & Profitability

How much do gyms make?

Startup Costs

How much does it cost to start a gym?

  • It can cost as low as $3,500 to start a gym.
  • It can cost as high as $150,000 to start a gym.

Learn more about the costs of a gym.

Examples Of Successful Gyms

Successful gym businesses and case studies

Bells of Steel, an e-commerce fitness equipment company, generated $15 million in sales by creating a high-value product line and focusing on word-of-mouth marketing, email marketing, and social media ads.

$1.2M Monthly Revenue
$3.5K Startup Costs
Read by 6,692 founders

Live Fit, a personal training company founded in 2011, grew from earning $80,000 in their first year with two trainers to earning over $760,000 in 2019 with 12 trainers and two locations, thanks to a focus on building trusting relationships and providing a variety of services to clients.

$60K Monthly Revenue
$50K Startup Costs
Read by 8,586 founders

See full list of successful gyms.