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Gym Business Plan Template

Written by Dave Lavinsky

Gym Business Plan & Example

You’ve come to the right place to create a gym business plan.

We have helped over 100,000 entrepreneurs and business owners create business plans and many have used them to start or grow their gyms.

Gym Business Plan Example

Use the example below as a template to write a gym business plan.

Executive Summary

Business overview.

Steven’s Gym is a startup locally owned gym located in El Paso, Texas. Steven’s Gym will include various exercise equipment, strength training equipment, free weights, aerobic equipment, and plenty of cardio equipment. The gym will also offer HIIT group classes, spin classes, strength training instruction, and personal training.

Located in an up and coming, newly developed, and highly trafficked area of town, Steven’s Gym will attract both men and women ages 16 to 75+. There is something for everyone at Steven’s Gym, whether someone is just beginning their fitness journey or is a seasoned athlete and gymrat. The gym will have a welcoming atmosphere, experienced personal trainers, friendly staff, and frequently cleaned equipment and restrooms.

The membership options are affordable and will be offered on a month-to-month basis, a 6 or 12 month contract, or the ability to pay for an entire year upfront. Discounts will be offered to military, teachers, and healthcare workers.

Service Offering

The following are the services that Steven’s Gym will provide:

  • Strength training equipment
  • Cardio equipment
  • Free weights/dumbbells
  • Aerobic equipment
  • HIIT group classes
  • Strength training instruction

Customer Focus

Steven’s Gym will target all men and women ages 16 – 75+ who are interested in achieving and maintaining a healthy and active lifestyle. El Paso is a very diverse city that includes men and women from all walks of life. There are numerous blue collar individuals, white collar individuals, government employees, and military members as the local Army base is one of the largest in the country. Since Steven’s Gym will be very affordable, it will be able to attract people from all walks of life.

Management Team

Steven will manage the day-to-day tasks of running the gym. Steven will hire a gym manager to manage membership and three trainers. Steven will outsource a local CPA to handle payroll, accounting, and tax payments. He will also outsource a local advertising company to develop the gym’s logo, branding, photography, social media accounts, website, and billboard design.

Success Factors

Steven’s Gym will be able to achieve success by offering the following competitive advantages:

  • Large, clean, and spacious fitness center that has all the necessary equipment for their fitness routine.
  • Knowledgeable and friendly staff of trainers.
  • Best value for membership pricing. The membership pricing options are affordable and offer military, teacher, and healthcare employee discounts.
  • Convenient hours of operation.

Financial Plan Highlights

Steven’s Gym is seeking $300,000 in debt financing to begin operations of the business. The funding will be dedicated towards securing the warehouse space, gym build-out, and purchase of the equipment. Funding will also be dedicated towards three months of overhead costs to include payroll of the staff, rent, and working capital. The breakout of the funding is below:

  • Securing warehouse space, gym build-out, and design: $25,000 to $125,000
  • Gym equipment purchase: $50,000 to $100,000
  • Three months of overhead expenses (payroll, rent, utilities): $15,000 to $55,000
  • Marketing & advertising: $15,000
  • Working capital: $10,000

example of a fitness business plan

Company Overview

Who is steven’s gym.

Steven’s Gym is a new, locally owned gym located in El Paso, Texas. Steven’s Gym will include strength training equipment, free weights, aerobic equipment, and plenty of cardio equipment. The gym will also offer fitness classes, strength training instruction, and personal training. Located in an up and coming, and highly trafficked area of town, Steven’s Gym will attract both men and women ages 16 to 75+. There is something for everyone at Steven’s Gym, whether someone is just beginning their fitness journey or is a seasoned athlete and gymrat. The gym will have a welcoming atmosphere, experienced trainers, friendly staff, and frequently cleaned equipment and restrooms. The membership options are affordable and will be offered on a month-to-month basis, a 6 or 12 month contract, or the ability to pay for an entire year upfront. Discounts will be offered to military, teachers, and healthcare workers.

Steven’s Gym History

Steven’s Gym is owned by Steven Malone, a retired Army Master Sergeant who is also a seasoned powerlifter. Steven was stationed at El Paso’s Fort Bliss for many years before eventually retiring and deciding to stay in El Paso and embark on his dream of eventually owning his own gym. As a frequent gym goer, Steven recognized that El Paso lacks high quality independent gyms. The nicest and most equipped gyms in El Paso are large franchises that have too many rules and regulations. Steven envisioned a gym that was welcoming to all types of people that is encouraging, clean, and adequately equipped for those who are focused on sustaining an active, healthy lifestyle.

Since incorporation, Steven’s Gym has achieved the following milestones:

  • Found a 10,000 square foot warehouse space for lease in El Paso, Texas that can easily be converted to a gym.
  • Registered Steven’s Gym, LLC to do business in the State of Texas.
  • Began the branding image, logo, website, and social media accounts for the gym.
  • Began researching and pricing out equipment.

Steven’s Gym Services

The following will be the services Steven’s Gym will provide:

Industry Analysis

The Gym industry is expected to grow to an annual revenue of $38 billion in the next five years. This growth is likely a result of increased per capita disposable income, in addition to growing health-consciousness. As consumers’ disposable income levels rise, individuals are usually more willing to purchase gym memberships. Additionally, time spent on leisure and sports is expected to increase over the next five years, effectively increasing the potential pool of consumers.

During this period, demographic changes are expected to drive revenue growth for operators. In particular, as healthcare costs continue to escalate, health insurance providers may implement incentives to promote preventive health practices, including the use of fitness centers among individuals within their provider network. Additionally, initiatives that promote the health benefits of exercise will likely increase over the next five years, stimulating industry revenue.  

Customer Analysis

Demographic profile of target market.

Steven’s Gym’s target audience will include all men and women ages 16 – 75+ who are interested in achieving and maintaining a healthy and active lifestyle. El Paso is a very diverse city that includes men and women from all walks of life. There are numerous blue collar individuals, white collar individuals, government employees, and military members as the local Army base is one of the largest in the country. Since Steven’s Gym will be very affordable, it will be able to attract people from all walks of life.

Customer Segmentation

Steven’s Gym will primarily target the following customer profiles:

  • High school and college students
  • Locally-based Military
  • Athletes who frequently train for fitness competitions

Competitive Analysis

Direct and indirect competitors.

Steven’s Gym will face competition from other companies with similar business profiles. A description of each competitor company is below. Gold’s Gym Gold’s Gym is a large franchise-owned gym with two locations in El Paso. Gold’s Gym gives access to everything one needs to transform their life: state-of-the-art amenities, a variety of fitness classes tailored towards someone’s fitness needs, and the world’s best trainers. There are weekly fitness classes for group workouts ranging from martial arts-inspired cardio classes to foundational yoga sessions. There are also certified trainers if someone is new to exercise or just looking for more guidance and coaching. Gold’s Gym’s amenities include cardio equipment, group exercise, personal training, a pro shop, sauna/steam rooms, group cycle, free weights, functional training, kids club, locker rooms, and wifi.

Planet Fitness Planet Fitness is for people from all walks of life, whether they’re a first-time gym user or a veteran member, they are there to provide a workout environment in which anyone and everyone can be comfortable. All Planet Fitness members enjoy unlimited access to their home club and the support of their friendly, knowledgeable staff anytime they need it. PF Black Club members receive additional benefits, including the ability to bring a guest for free and access to any of their 2,000+ PF locations. Also, the PF member can take advantage of their free fitness training or find motivation by reading real member experiences on Planet of Triumphs. The goal of Planet Fitness is to provide a clean, safe, welcoming environment for anyone who walks through the door, and all the equipment, amenities, and support they need once they arrive.

Anytime Fitness Anytime Fitness is a welcoming gym that exists to help someone get to a healthier place – by giving the right support at the right times, in the ways the member wants. Every member receives a free, personalized Get Started Plan when they join. Their friendly, professional staff is trained to help someone along their fitness journey, no matter how much support they need. Aside from a large selection of strength and cardio equipment, Anytime Fitness offers the following services – 24-hour access, 24-hour security, convenient parking, anywhere gym access, private restrooms, private showers, health plan discounts, wellness programs, cardio TVs, and HDTVs.

Competitive Advantage

Steven’s Gym will be able to offer the following advantages over their competition:

  • Large, clean, and spacious facility that has all the necessary equipment for their fitness routine.

Marketing Plan

Brand & value proposition.

Steven’s Gym will offer the unique value proposition to its clientele:

  • Large, clean, spacious, and well-equipped facility.
  • Dedicated team of trainers.
  • Affordable membership pricing plans.

Promotions Strategy

The promotions strategy for Steven’s Gym is as follows: Social Media Marketing Strategy Steven’s Gym will invest in advertising the gym on social media platforms Facebook and Instagram. By using targeted social media marketing, Steven’s Gym will be able to reach the appropriate target audience of El Paso. Before opening, Steven will hire an advertising agency to develop the branding and photography needed to create captivating social media posts.

Billboards Steven will invest in two billboards strategically located at busy intersections that receive thousands of traffic daily. The advertising agency will develop the print for the billboard design. Website/SEO Marketing Strategy Steven’s Gym will invest in a strong SEO presence so that when someone enters “El Paso gym” or “local gym near me” in their Google or Bing search bar, Steven’s Gym is at the top of the list. Their website will list all of Steven’s Gym’s services, location, pricing, and contact information. Word of Mouth Word quickly spreads around town and once a few people experience the clean, affordable, and professional staff at Steven’s Gym, more and more people will come in to see for themselves and sign up for a membership plan.

The pricing of Steven’s Gym will be moderate and on par with competitors so customers feel they receive value when purchasing their services.  

Operations Plan

The following will be the operations plan for Steven’s Gym.

Operation Functions:

  • Steven Malone will be the sole gym owner and operator of Steven’s Gym. He will oversee the staff, maintain that the cleaning schedules are being enforced, and ensure that all equipment is working per standard and safely. He will also manage all ordering of new and replacement equipment, schedule the group HIIT classes, and daily management tasks.
  • Steven will hire a gym manager to be in charge of members and member management.
  • A team of three trainers will run all of the fitness classes. As the membership grows and clients require more attention, more trainers and fitness classes will be added.
  • A local CPA will manage all high level accounting functions, such as payroll and tax payments.
  • Steven will also hire an advertising agency to develop the gym’s branding, photography, website, social media accounts, and billboard design.

Milestones:

Steven’s Gym will have the following milestones completed in the next six months. 8/1/202X – Finalize contract to lease warehouse space. 8/15/202X – Begin build-out and design converting warehouse space into a functional gym. 9/1/202X – Hire advertising company to begin developing gym’s branding, logo, social media accounts, website, and billboard design. 9/15/202X – Order all equipment. 10/5/202X – Hire gym manager and team of personal trainers. 10/15/202X – Train staff on proper policies and procedures. 11/1/202X – Grand Opening of Steven’s Gym.  

Steven’s Gym will be solely owned by Steven Malone. Steven is a retired Army Master Sergeant who has been stationed off and on at El Paso’s Fort Bliss for the past twelve years. Upon retirement, Steven decided to make El Paso his permanent home and embark on his dream of owning his own gym. Steven recognizes the lack of quality, independent gyms in El Paso and wants to open a gym that fits his idea of what a high-quality gym should be.

As a former powerlifter and personal trainer while serving in the military, Steven is aware of the proper equipment and facilities a gym should have. Steven envisions his gym to be friendly, clean, well-equipped, and affordable for the average person so that people from all walks of life will feel comfortable going to the gym and achieving their fitness goals. Steven will dedicate his life and focus on ensuring that his gym is always clean, staffed with the best trainers, and members are happy with what the gym has to offer.  

Financial Plan

Key revenue & costs.

The revenue drivers for Steven’s Gym are the membership fees it will charge each person that signs up to become a member. Each member will be placed on a membership plan where they can either pay month to month, enroll in either a 6 or 12 month contract, or pay for the entire year upfront.

The cost drivers will be the payroll for the staff, rent, utilities, cleaning supplies and equipment, and gym equipment purchase and maintenance. Other cost drivers will be the targeted marketing costs on social media and monthly fees for the CPA and advertising company.

Funding Requirements and Use of Funds

Key assumptions.

The following outlines the key assumptions required in order to achieve the revenue and cost numbers in the financials and in order to pay off the startup business loan.

  • Initial Number of New Clients per Month: 60
  • Average Monthly Membership Fee: $150
  • Gym Lease per Year: $100,000

Financial Projections

Income Statement

Balance Sheet

Cash Flow Statement

Gym Business Plan FAQs

What is a gym business plan.

A gym business plan is a plan to start and/or grow your gym. Among other things, it outlines your business concept, identifies your target customers, presents your marketing strategies and details your financial projections.

You can  easily complete your gym business plan using our gym business plan template here .

What Are the Main Types of Gyms?

There are many types of gyms or fitness centers. There are large, franchise gyms that have multiple locations across the country. There are also large single facility gyms. Finally, there are smaller gyms that tend to focus on a particular fitness segment, such as strength training, CrossFit, or group HIIT training.

What Are the Main Sources of Revenue and Expenses for a Gym Business?

The primary source of revenue for a gym or fitness center are membership fees. Typically, members pay month-to-month, or fulfill a year-long contract.

The key expenses for a gym or fitness center are the costs associated with payroll, purchase and maintenance of equipment, cleaning supplies, marketing costs, and working capital. Other expenses will be rent, utilities, taxes, accounts payable, and other licensing fees (if necessary).

How Do You Get Funding for Your Gym?

Gym businesses are most likely to secure funding from banks. Typically you will find a local bank and present your gym business plan to them. Family and/or friends could also be potential investors and other types of capital-raising such as crowdfunding are other common funding sources.

A well-crafted gym business plan, complete with a solid financial plan is essential for attracting any type of potential investor. This is true for a new gym business or established businesses looking to grow.

What are the Steps To Start a Gym Business?

Starting a gym or fitness center can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster.

1. Write A Gym Business Plan - The first step in starting a business is to create a solid gym business plan that outlines all aspects of the venture. This should include market research on the fitness industry and potential target market size, information on the services and/or products you will offer, marketing strategy, mission statement, business model and pricing strategy and a detailed financial plan.  Our business plan template is the perfect guide to show you how to start a gym business plan.

2. Choose Your Legal Structure - It's important to select an appropriate legal entity for your fitness   business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do research and choose wisely so that your gym business is in compliance with local laws.

3. Register Your Gym Business - Once you have chosen a legal structure, the next step is to register your gym business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws. 

4. Identify Financing Options - It’s likely that you’ll need some capital to start your gym business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms. 

5. Choose a Location - Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations. 

6. Hire Employees - There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events. 

7. Acquire Necessary Gym Equipment & Supplies - In order to start your gym business, you'll need to purchase all of the necessary equipment and supplies to run a successful operation. 

8. Market & Promote Your Business - Once you have all the necessary pieces in place, it’s time to start promoting and marketing your gym or fitness   business. This includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising to reach your target audience.

Learn more about how to start a successful gym or fitness business:

  • How to Start a Gym Business

Where Can I Get a Gym Business Plan PDF?

You can download our free gym business plan template PDF here. This is a sample gym business plan template you can use in PDF format.

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Gym business plan: a checklist with templates & examples

In this article, you'll find a checklist of everything you need to know to create a business plan for your gym or fitness business.

If you've recently discovered an ambition to start a gym , or this has been your dream for years, we've got you covered!

The first step in your journey is to create a gym business plan. This will include understanding your business's structure, determining your target market and what sets you apart from other gyms (your unique selling point), forecasting future finances, and any further details about your venture.

Your gym business plan is the key to your success. It will help you make better decisions and attract potential investors. Creating a business plan is ongoing; it's not something you do once and then forget about. Your business plan should be flexible and adapt as you move forward. 

You have to consider many elements to ensure your gym will succeed. All stages of your business plan are critical. In this article, we'll be doing a deep dive into understanding the core essentials of creating a fitness business plan.

A boxing gym owner holding a clipboard, standing in front of punching bags.

What is a gym business plan? 

A gym business plan is a document that informs the reader about your company and where it's headed. In other words, it answers essential questions such as:

  • How does your business work?
  • How are you going to succeed?
  • What steps do you need to take to succeed?

According to research, entrepreneurs who write formal business plans are more likely to be successful . 

This is especially true for business owners seeking external financial support. A formal business plan can help new businesses by providing a clear focus for their ideas.

Why it’s important to have a business plan for your gym? 

Simply put, your gym business plan is an organized and detailed process that provides a roadmap for your business. If someone reads it – like a potential investor, for example – they should be able to understand how you expect the gym to progress and succeed over time.

Plus, putting together a business plan with detailed description forces you to take a critical look at your operation as it currently stands and identify room for improvement or new areas of opportunity altogether.

Depending on where your business is located, a well-crafted business plan can serve multiple purposes.

Keep reading for even more reasons you need a business plan from day one!

Two people working in front of a laptop.

Taking advantage of a steadily growing industry

The gym industry is booming, allowing gyms to capitalize on this growth. In the US alone, over 87 million people regularly attend the gym and spend billions of dollars annually on membership fees.

And according to projections, the global gym market is expected to reach 434 billion USD by 2028 – a 171% increase from 2021! This steady growth provides room for gym owners to get in on the action and reap the benefits.

By having a gym business plan that considers the health & fitness industry as a whole, you'll be able to capitalize on this growth.

Ensures your business idea is feasible 

If you're considering starting a fitness business, know it will be complex. You have a fantastic idea and think it could take off--but how can you test that theory without launching the business? 

This is where a business plan comes in handy. By working through your concept and creating a well-rounded plan of action, you'll be able to figure out key details like numbers, market trends, and what your competition is doing and save yourself loads of time down the line.

It helps to bring in investors and secure funding 

To secure funding for your gym business from investors, you need a comprehensive business plan. This document helps startup businesses obtain the initial capital they need and provides established companies with funds for expansion.

Would-be contributors usually request substantiated data— such as numbers backed up by facts and figures—before deciding whether or not to invest in a project.

If you don't have a business plan, chances are slim that you'll receive money from sources like investors, banks, or other financial organizations outside your company.

Set and reach goals, both big and small 

Having long-term and short-term goals is a great start, but it's time to take the next step. A successful business plan will contain specific tactics on how you plan to achieve your objectives. 

This might be through your business model, acquiring equipment, hiring new talent, or marketing campaigns.

A successful business needs a clear plan to achieve its goals. Breaking down important goals into smaller, more manageable pieces would be best. 

And remember-- as your business changes and grows over time, so should your plan. Keep it updated regularly. 

Business planning is no longer a daunting task

A business plan is a vital tool for new and established businesses. It provides direction and helps to set the foundation for a successful start. 

By budgeting, analyzing your market, and setting out your goals and strategies, you can make more informed decisions about how to proceed. This process also makes it easier to track your progress over time and assess whether or not you are on track.

Something to consider before creating a gym business plan

Consider the cost of starting a gym. There are many potential expenses, such as equipment, personal trainers, class instructors, insurance policies, property fees, etc.

Also, consider how much time you are willing to invest in this venture – especially during the beginning stages when there is likely to be a lot of work involved in getting everything up and running smoothly.

It can be challenging to maintain a good work/life balance when starting any business; it will probably require working additional hours outside of your usual schedule.

Money and time are essential, but there are other things you need to be successful. 

People skills, marketing know-how, and financial smarts are essential if you want to succeed in the gym business world. It's not going to be easy, but it will be worth it if this is your passion. A solid plan is the first step toward making your dream a reality.

The 11 key elements of a detailed gym business plan

Before you develop your business plan, think about where you are and where you want to see yourself. Keep this vision in mind, as it will help guide you through writing your business plan. There will be countless opportunities wherein consulting your business plan will assist you in making a decision.

To create an effective health club business plan, you will need extensive research on your fitness industry, competitors, and future finances. 

Following these 11 steps, you can build an excellent gym business plan that covers all aspects of your health club.

Step 1: Executive summary

Your executive summary needs to be clear and concise while also grabbing attention. What you want readers to know is:

  • Your mission/purpose
  • How you'll achieve success (What will make you a success story?)

And finally, your vision for the future. Though it may seem tempting to hurry through this section because it is shorter than other parts of the business plan, don't rush! 

This is your chance to shine and explain what makes your company special. Don't worry if you feel like you have more to say about your goals and vision. You can expand on these topics in your company overview.

Step 2: Company overview

Your company overview is where you get to sell your gym and its potential. Build on your executive summary's vision and mission statement, delving deeper into what makes your gym unique. 

Think of your vision statement as a tagline for your future website. When outlining the purpose of your gym, which audience it will cater to, and how you plan to achieve business goals, also consider including the following: 

Your personal mission statement for the business- i.e., what outcome do you hope to see?

Then, give your readers some information on your background:

  • What have you done in the past?
  • Have you had any other businesses?
  • What is your current status?

This is helpful for investors and partners to know so they can understand where you've been and where you're going. The more they know about you, the more trust they'll have in you.

Step 3: Services and amenities

Outline your strategy in detail: what services you'll offer and how you will develop new offerings. This includes if you need to hire someone or build a facility, such as a spa or a studio. 

This information will help you realize when or where your business requires more funding and extra staff.

By describing your products and services, you can gain valuable insights into your gym's size. Test your vision to determine if you have the necessary funding for these assets. If not, consider how you might acquire the required financing.

A picture of a well-equipped gym.

Some potential products you could invest in are: 

  • Gym equipment like treadmills and rowing machines 
  • Specialist equipment to cater to different types of gym-goers, such as bodybuilders 
  • Food and drinks like energy drinks or healthy foods 

And services like: 

  • Personal training sessions 
  • Group classes like yoga, spinning, or body pump 
  • Lockers for storing belongings while working out 
  • Spa amenities like saunas or massages 
  • A swimming pool 
  • Physiotherapy

Furthermore, thinking about increasing your market share is a significant next step. You could start by offering pro bono services at local workplaces and schools, eventually introducing a fee.

This way, you can attract larger customers while still providing value.

When creating a business plan - be it for a gym or something else entirely - remember that its purpose is to lay out your objectives easily for potential bankers, partners, employees, and investors.

Step 4: Management team

It is essential to consider the positions you'll need to fill and how these people can help your gym succeed. 

You should write a summary emphasizing their skills and management experience while incorporating what they will be responsible for and any incentives you plan on offering.

Furthermore, creating an employee ladder is vital to establish who or what each new hire will report to so your business can secure its success.

Step 5: Market research and marketing strategy

Marketing is a field where creativity can shine. It's all about identifying different groups of people who would buy your product, coming up with reasons why they should choose you over others, and figuring out ways to get more sales.

Learn more:

Gym marketing strategy

Gym promotion ideas

Gym membership pricing

Best gym features

Even if marketing your fitness business isn't your favorite thing, remember that your marketing strategy will help you lay out a plan for expansion if you do it right. Your first target should be to summarise what you found in your market research. Are you still stuck? 

Consider where you are situated, similar businesses nearby, and who makes up the community around you.

Define your target market here. It could be

  • Working professionals
  • Senior executives

Or a particular group, like cyclists. After that, try to understand why this specific demographic would join a gym – for example, are they looking for cardio?

After you have completed your market research, take some time to understand your target audience. Ask yourself the following questions:

  • How can I make this customer base loyal?
  • What makes my company unique?
  • What's the best membership package I can offer?
  • Is there a need for special equipment or offerings?

In your plan, identify and communicate what makes your business valuable and unique. 

This is called a Unique Selling Proposition (USP), and it will help instill confidence in potential investors that they are making a wise choice by investing in your company. 

Furthermore, detailing marketing strategies in this document provides peace of mind that future income streams are lined up and secure.

There are many marketing strategies you can use to grow your business, including:

  • Improving your services
  • Advertising and sponsorship
  • Loyalty plans and website promotions
  • Email marketing campaigns
  • Investing in new equipment or technology

Step 6: Competitor analysis - Understanding direct and indirect competitors

To do a competitor analysis, research businesses in your field that offer similar services. These are your direct competitors. 

You can mention indirect competitors, but this section is mainly for an in-depth look at businesses like yours. Depending on your business type, you could have brick-and-mortar and online rivals.

When investigating a competitor, these are some critical areas you'll want to focus on: 

  • Services and products they offer 
  • Target audience 
  • Pricing and business model 
  • Strengths and weaknesses

example of a fitness business plan

Step 7: Create comprehensive financial projections

Starting a gym requires careful budgeting. Make sure you consider every possible purchase and estimate the cost of each item.

The following are key areas to cover when starting your business:

  • Lawyer fees
  • Recruiting expenses
  • Constructional endeavors
  • Exercise equipment for the workplace
  • Three months' worth of bills and other operational costs
  • An accounting software

It's time to be practical and ascertain how much money you will need to open your gym and make it thrive. This way, you'll get a better understanding of what falls within your budget and what will require additional funding.

Next, you need to prove to investors, stakeholders, and employees that you have a feasible plan for attaining ROI. 

Consider revenue streams such as classes, services provided, and product sales- anything that brings in money. Set down an estimate here based on research and expert opinion.

If you're looking for ways to make money, selling healthy food could be a great option. You could create your protein shakes or energy bars, for example. 

If you plan to sell food, ensure you stay up-to-date with food hygiene standards.

Step 8: Financial forecasting

Your sales forecast for your business's first, second, and third years should be detailed. Specifying the number of active members, you estimate for your first year would also be beneficial. Estimate using:

  • Unit sales per month
  • Any relevant past data
  • How purchases will be broken down (as specified in financial projections)

Step 9: Financial strategy

How can you use your fees in a way that will increase customer registration? For example, if all the other gyms in your area charge higher prices than average, this could be an opportunity to set your business apart by being financially conscious (lowering membership fees or having better offers than competitors).

Consider ways to show your appreciation for loyal customers, such as discounts or complimentary services.

Furthermore, if you're in the process of creating a gym and spa business plan, consider adding discounts for those who use both facilities. For example, many people would love to take advantage of the jacuzzi after working out.

Writing your pricing strategy down will help give you peace of mind about what's to come for your gym.

Step 10: Payment option

An easy and accessible payment system is crucial for any business, let alone a gym. To retain customers , ensure your payment processing is up-to-date and user-friendly. 

Let potential investors know what platform you're using or planning to use, so they can see that you're taking customer experience seriously. A positive buyer experience will encourage loyalty among your clientele.

Step 11: Funding

Make it clear where your business will obtain the extra startup capital it needs. 

This is a chance to be practical about your company. Can you realistically obtain the funding required to reach your targets? Or do you need to readjust your plan?

Below are some vital external resources that might provide the necessary funding:

  • Loans from friends or family members
  • Crowdfunding campaigns
  • Business partners or sponsors

If you are looking to gain investors, be sure to detail where the funding for your project will come from and how much of a return they can expect. You should also include any previous loan applications related to this venture here.

You're almost there!

Now it's time to put all the elements outlined above into a gym business plan. This plan will be a reference point when you need to make tough decisions, help secure investment, and show direction to new employees or partners.

A picture showing a planner and a pen.

Your next steps to successfully run your gym

Here's a personal checklist to help you ensure that you have everything covered before you open your gym. Use it as a reference point throughout the development process to ensure nothing is overlooked.

  • Write a business plan
  • Register business
  • Apply for a business license and permit
  • Open business bank accounts
  • Select an online payment platform
  • Obtain taxpayer's ID
  • Purchase insurance
  • Rent/purchase facility
  • Purchase/rent equipment
  • Secure funding
  • Recruit employees
  • Drafting contract documents along with any other legal documents required
  • Design company logo
  • Develop website
  • Write website content
  • Create social media accounts
  • Design leaflets & brochures
  • Organize branded uniforms
  • Launch party

Any business, no matter how big or small, comes with its fair share of challenges. However, the payoffs in the end always make it worth your while

Starting a gym can be an exciting and rewarding venture. However, it is important to ensure that you are well-prepared with all the necessary information before you open your gym. 

A comprehensive Gym Business Plan detailing the market research, financial projections and strategy, services and amenities, management team, and more should be developed to ensure success. 

Additionally, obtaining the necessary licenses, finding and hiring trainers, investing in the right equipment , and appealing to members with friendly incentives are all important steps.

Gym business plan template & examples

In addition, we've gathered a few of the gym business plan templates and examples below. These samples will provide you with suggested language for your own document as well as guidance on what to include.

Adam Fitness Centre

Grow think's template

PAWSitively Fit Club

Ecogym business plan

Capital Health and Fitness Club

Frequently asked questions on good gym business plan

How can i start my own gym business.

Follow these steps and understand gym business plans:

  • Choose your area/location
  • Develop a comprehensive business plan
  • Apply and obtain all necessary licenses
  • Find and hire certified trainers
  • Invest in the right equipment for your business
  • Appeal to members with friendly incentives

How do I write a business plan for a gym?

To write a gym business plan, you can implement the steps below:

  • Executive summary
  • Company overview
  • Services and amenities
  • Management team
  • Market research and marketing
  • Competitor analysis 
  • Financial projections
  • Financial forecasting
  • Financial strategy
  • Payment option

What type of gym is the most profitable?

Out of the gyms surveyed in November 2020, 69 percent of CrossFit gyms were profitable, while half of martial arts gyms reported being in the black.

Is owning a gym a good business?

Owning a gym can be profitable, but you will need more time to make yourself rich. To succeed in this industry, you must put in the effort.

Do gym owners make money?

According to ZipRecruiter, an American jobs marketplace, gym owners in the United States will earn an average of $69,472 annually as of June 2022.

Do gyms make a lot of money?

A gym that is managed efficiently and has a good mixture of members can generate quite a bit of money. For example, if a gym has 1,000 people paying $50 monthly, the gym could bring in $50,000 each month. And if the monthly expenses for the gym are $20,000 per month, the profit would be $30,000 per month.

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Gym Business Plan

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Is exercise or fitness your passion? Or do you have a good understanding of gym equipment and workout routines?

If yes, you might have considered having your own gym at some point. After all, who doesn’t want to turn their passion into a profession?

And guess what! Just like you wouldn’t hit the gym without a workout plan, starting your own gym demands a comprehensive gym business plan!

If you’re seeking investors to kickstart a new fitness center or aiming to expand an existing gym business, a modern business plan is an essential tool.

A well-written gym business plan will help you pay attention to every detail, and support your entrepreneurial journey to make the best strategies for a profitable business.

But before diving right into the detailed gym business plan; let’s check out some interesting facts about the fitness industry.

Fitness Industry Outlook

  • The growing enthusiasm for fitness and the desire for a healthy lifestyle has led to the demand for gyms. As of now, 39% of Americans have gym memberships.
  • The fitness industry has been booming in recent years, and it is expected to have 230 million members by 2030 .
  • The Health and fitness market revenue is estimated to grow at a rate of 11.52% annually, reaching a market volume of US$2.32 billion by 2027.
  • The fitness industry is expected to increase its revenue by 172% from 2021 to 2028 – reaching $435 billion.
  • From 2011 to 2019, the revenue for gyms and health centers in the United States consistently increased each year.
  • Recently, the United States led the world in gym industry revenue and is expected to add 15.6 million more members by 2030.

Now that you know the fitness industry outlook, it’s time to explore all the key components you will need to include in your professional gym business plan outline:

Key Components of a Gym Business Plan (w/ Examples)

  • Executive Summary
  • Company Overview
  • Industry and Customer Analysis
  • Competitor Analysis
  • Service Offerings
  • Marketing Strategy
  • Management Team
  • Operations Plan
  • Financial Plan

1. Executive Summary

The executive summary is the first and foremost section of the business plan. Generally, it is a quick overview of your entire gym business plan.

It should be clear, concise, and engaging as it will create your first impression and draw readers to delve further into your plan.

You can start this section with a brief introduction to your gym business and discuss the following key elements:

  • Market Opportunity
  • Vision & mission statement
  • Target market
  • Your products and services
  • Marketing strategy
  • Management team
  • Financial Outlook

After that, end your summary with a clear call to action to invite potential investors or readers to the next meeting.

Say goodbye to boring templates

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example of a fitness business plan

2. Company Overview

The company overview section provides a more detailed description of your gym business.

It includes the legal structure, location, ownership, critical success factors, business history, and everything about your business.

First, provide the basic details of your gym including what is the name and what type of gym you are operating.

Mention the names of your gym owners/partners along with the qualifications. You can also include the business history(if any) and milestones you have achieved.

After that, describe your business goals to convey a high level of aspirations and vision that you want to achieve. Here is an example, describing the business goals and objectives:

Setting future business goals for a gym is a crucial step in outlining a clear path to achieve success and growth. The Stayfit Company’s goals and objectives include;

  • Increase the client base by 100 customers within the first year of operation.
  • Relocating to a large and more appropriate location facility by the first year of operation.
  • Expand service offerings to provide a comprehensive fitness experience.
  • Establish partnerships and increase brand visibility to become a recognized fitness brand in the community.
  • Increase total memberships to 500 within 5 years.

Remember, this section gives an in-depth understanding of your business and business owners. So, make it clear and intriguing.

3. Industry and Customer Analysis

In the industry and customer analysis section of your gym business plan, it’s necessary to offer a comprehensive overview of the fitness industry and target market.

This section gives you a deep understanding of your industry and target customer attributes which will help you in business planning.

Here are some questions that will help you in the analysis:

  • What is the current market size of the fitness industry in terms of revenue?
  • What are the current trends in the gym business?
  • Who are the target audience, and which customer segment do you wish to serve?
  • What is the growth forecast for the gym business?

For example, look at this market segment and target market of the gym business with the help of Upmetrics:

market segment and target market of the gym business

As a gym owner, you can target the following customer profiles:

  • Blue-collar employees (factories, warehouses, service industry)
  • White-collar individuals(corporate or government employees)
  • High school & college students
  • Military members and their families
  • Athletes who often train for fitness competitions

In short, a thorough industry analysis will educate you about the local market and help you prepare marketing strategies according to the market trends.

4. Competitor Analysis

This competitor analysis will help you understand the top competitors and identify the strong points of their service offerings.

As a gym business, you should make a list of the number of gyms or other fitness businesses operating in your locality, their size, and their customer base. Try to specify who are your direct and indirect competitors.

  • Direct competitors can be other local gyms
  • Indirect competitors can be another type of gym or fitness center, or health club in your area.

Now, let’s focus on your direct competitors and provide an overview of each competitor, including their size and where they’re based. Evaluate their strengths and weaknesses including their service offerings and pricing structures.

Refer below example; showing competitor analysis description:

gym business competitor analysis description

A better way to conduct this analysis is by noticing things from a customer’s perspective. You might even ask your competitors’ clients what they like or dislike about them to get valuable insights.

This way you can understand what makes your competitors successful and what gaps you can fill. Also, consider the unique selling proposition of your gym business.

Specify your tactics to stay ahead in the competitive landscape and make all the difference in the local gym market.

5. Service Offerings

Next, specify the scope of your service offerings and elucidate how they meet the diverse needs of your clientele.

This section must be informative, precise, and client-focused, as it is a detailed breakdown of what your fitness business offers your customers.

You can include a comprehensive suite of services encompassing types of membership options, available exercise equipment, personal training sessions, group fitness classes, or nutritional counseling.

Here, you can take a reference from the below example written using Upmetrics AI Assistant :

Also, detail any membership fees or pricing plans in this section to add or revise services. Mention if your gym provides any additional services, like physical therapy, massage therapy, recovery modalities, etc.

6. Marketing Strategy

Writing the sales and marketing plan section means jotting down all the customer acquisition strategies and the tactics for how to retain them.

You can consider the following marketing approaches to gaining and keeping customers for your new gym business:

Unique Selling Proposition

Define your gym’s USPs depending on the market you serve, the gym equipment you use, and the unique services you provide. Highlight certified gym trainers, specialty programs, and regular community events.

 gym's USPs

Social media marketing

Use social media platforms to attract more users. Create engaging content and entice your audience with inspirational posts and special offers. Connect with your customers digitally as well as in the gym.

Establish a professional website and brand symbol (gym’s logo) to reach a wider audience. Showcase all your service offerings and build trust among potential customers.

Loyalty plans

Consider loyalty plans to retain existing gym members and encourage long-term commitment. Create membership tiers or referral programs to offer discounts or additional benefits.

Collaborations

Partner with local businesses (health food stores, fitness centers, or clothing brands), and fitness influencers to cross-promote services or offer collaborative discounts. That can expand your gym’s reach and draw a broader audience.

Offline advertising

Traditional offline marketing can still be effective in engaging with your local community. Clearly state your advertising strategies, including open bulletin boards, print marketing, flier distributions, or community events. For instance,

Consider following offline advertising strategies to reach specific demographics:

  • Local Print Media: Advertise in local newspapers, magazines, or community newsletters to target residents in your area.
  • Flier Distribution: Distribute flyers or brochures in strategic locations such as community centers, local cafes, or residential areas to raise awareness about your gym.
  • Community Events: Sponsor or participate in community events, fairs, or health expos. This not only promotes your gym but also allows for direct interaction with potential members.

Pricing strategy

Try to develop detailed strategies, like offering special introductory discounts, free trials, seasonal promotions, or membership packages with additional services to attract and retain members.

7. Management Team

A strong management team is essential to showcase your gym’s ability to thrive in the industry. This management team section emphasizes the key members who can help grow your fitness business.

You can highlight your key managers, fitness experts, personal trainers, or nutritionists. Also, explain each member’s expertise and roles.

Also, discuss the compensation plan in this section, along with their salaries, incentives, and other benefits. For instance,

compensation plan of gym business

8. Operations Plan

This operations plan is like a map that shows how you will make your business work.

It provides detailed insights into the day-to-day operations of your gym and highlights key areas such as staffing and operational processes.

Consider adding below essential components to your operational plan:

Try to mention the number of trainers, support staff, and therapists needed. Briefly outline the duties they will perform and detail their qualifications & training required.

Operational Process

Summarize the processes and techniques you will use to run your gym. Your operational process section may include hosting fitness classes, assigning trainers, scheduling the group HIIT classes, billing, training staff, etc.

Equipment & Machinery

You can include the list of gym equipment and machinery required for the gym, such as strength training equipment, pull-up bars, cardio equipment, free weights/dumbbells, and aerobic equipment.

Refer to the below example written using our AI assistant:

9. Financial Plan

Presently, you are in the business planning phase, but devoting some time to putting together the most realistic financial projections is also crucial when you start seeking funding from investors.

It is a detailed blueprint of all the cash flow and revenue streams, initial startup costs for setting up your gym and equipment, profit margins, and operational costs.

So, mention all the below elements in your gym business plan outline:

  • Profit and loss statement
  • Cash flow statement
  • Balance sheet
  • Break-even analysis
  • Business ratios
  • Exit strategy

This financial forecast has a substantial value in terms of whether you secure funding or not. And evaluate the funding resources, including bank loans, SBA-guaranteed loans, crowdfunding, or personal savings.

Here’s an example of a projected P&L statement for a gym business plan with the help of Upmetrics:

projected profit and losss statement for a gym business plan

Download Free Gym Business Plan PDF

Need help writing your gym business plan from scratch? Well, here you go; download our free gym business plan pdf now and start writing.

This modern, user-friendly business plan template is specifically designed for your gym business.

With a step-by-step guide and example, it helps you write a solid gym business plan without missing any crucial steps.

The Quickest Way to turn a Business Idea into a Business Plan

Fill-in-the-blanks and automatic financials make it easy.

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Start Drafting Your Plan with Upmetrics

With Upmetrics, you will get easy-to-follow steps, 400+ sample business plans, and AI support to streamline your business planning approach.

Our financial forecasting tool will help you develop accurate financial forecasts for 3 or more years if you’re not great with financial formulas.

Whether you’re venturing into a new business or aiming for expansion, Upmetrics provides valuable resources and insights to build successful and professional business plans that perfectly align with your objectives.

So, don’t wait; start planning now !

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Frequently asked questions, where can i find examples of successful gym business plans.

There are various online platforms where you can find sample business plan templates. Consider reputable sources like Upmetrics , which offers a successful gym business plan template for your specific needs.

What should I include in my gym business plan?

You should include the following key elements in your gym business plan:

  • Executive summary
  • Company overview
  • Industry and market analysis
  • Customer Analysis
  • Competitor analysis
  • Service offerings
  • Marketing Plan
  • Operations plan
  • Financial plan

What are important gym location factors to consider when writing a business plan?

While writing a business plan, consider the following gym location factors:

  • Easy accessibility and high visibility area
  • Assess the availability of sufficient parking space
  • Check and comply with local zoning laws and regulations
  • Analyze the local demographics to align with the target market
  • Evaluate the proximity of competitors

How often should I update my gym business plan?

It is very necessary to regularly update your gym business plan, especially in dynamic industries like gym & fitness. Consider updating it at least once a year or more often if there are significant changes in your business.

What are the common mistakes to avoid in a gym business plan?

Following are some of the most common mistakes you should consider avoiding when writing a gym business plan.

  • Ignoring thorough market research
  • Overestimating financial projections
  • Neglecting competitors analysis
  • Overlooking marketing strategy

About the Author

example of a fitness business plan

Vinay Kevadiya

Vinay Kevadiya is the founder and CEO of Upmetrics, the #1 business planning software. His ultimate goal with Upmetrics is to revolutionize how entrepreneurs create, manage, and execute their business plans. He enjoys sharing his insights on business planning and other relevant topics through his articles and blog posts. Read more

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How to Create a Fitness Studio Business Plan

February 8, 2023

example of a fitness business plan

Whether you are starting a studio, or already run one, a well-crafted fitness studio business plan is essential for building a profitable fitness business. A solid gym business plan helps you stay on track by identifying key market dynamics, illuminating opportunities for competitive advantage, and giving you key performance metrics to focus on. 

Your fitness studio business plan may drive such critical decisions as where to locate your gym, how large a space to buy or lease, how many staff members you hire, what their pay rates should be, how many fitness classes and what type of classes and training programs you’ll offer, and the most effective ways to promote your fitness business. 

If you own and operate an already established fitness business, revising your business plan – or creating one if you never have – can make a huge difference in boosting your bottom line and helping you to grow, especially if your gym’s growth has plateaued. A business plan is a constantly evolving blueprint that should reflect where your fitness business is in the moment, and let stakeholders know where you’re going and how you plan to get there. 

In this post, we’ll review the elements of a solid small gym fitness plan, give you some gym business plan examples and links to gym business plan templates.

Here are the key elements of any good fitness studio business plan:

Executive summary.

In this section of your gym’s business plan get down on paper your “why.” What is the purpose of your fitness business plan? What elements will you include in your gym’s business plan and why? How will this business plan demonstrate the viability of your fitness studio over time? What are your long term goals and how will you define success? Consider this section your “elevator pitch.” 

Starting a fitness business is no small feat. Doing your homework up front will not only give you confidence to weather the ups and downs of running your own business, but show potential investors that you’re prepared. Imagine being an investor who is reading your business plan, and whom you want to assure that you’ve got a solid vision backed up by well researched facts and figures. Add a few lines about your fitness business’s “why” that inspire and demonstrate your passion and commitment as a small gym or fitness business entrepreneur. 

Company Overview

This is the place to give all the details about who, what, where, when and why your fitness business exists. Include your mission and vision plus a detailed description of the type of services your fitness business offers and to whom. How is your gym or fitness studio structured? Is it independently owned by one or more people? Is it a franchise? Is there more than one location? What is the ownership structure? Are there shares? How are important business decisions made and by whom? 

This is the place to give clear, concise information about the products and services you offer, why you started your fitness business and what differentiates you in your local market. 

Industry Analysis

Taking time to research your market, understand trends and map the competitive landscape can make or break a fitness business, whether you’re in start-up mode, or an established player. 

What is your population size? How far are the people living in your area willing to travel to work out? What is your target demographic in terms of age, gender, income and other lifestyle factors? Pinpoint your major competitors. Get to know their pricing and promotions. Is there an unmet need in your area that your fitness business can tap into? You may want to consider using a SWOT format, outlining the strengths, weaknesses, opportunities and threats for competing gyms and your fitness studio. 

Also, make sure you’re on top of the latest national and global fitness industry trends like online workouts and gym-goers’ preference for small boutique fitness experiences versus big box gyms. What innovative programs and services are top companies offering? Why? 

Marketing Strategy

Many small fitness business plans rely solely on word of mouth to promote their gym. While getting great recommendations through your community is an essential step in building a thriving fitness community, long-term, your fitness studio needs to have a solid, multi-channel marketing strategy to maximize your brand’s exposure to potential new customers. 

In today’s competitive fitness industry landscape, it’s essential to understand how to efficiently use digital marketing platforms like social media, local search and email. To effectively run promotional programs, having a fitness business software platform that tracks your customer’s engagement and includes email, web and social media integrations is essential. 

List all the key members of your fitness studio’s leadership team and include professional, biographical information that highlights their skills and experience. Your gym’s leadership team could include owners, board members, investors, lead instructors, sales and customer service representative and any business advisors you may have brought on board. 

Describe how each person on the team will guide your fitness business to success. Consider including compensation structures and information about performance bonuses. Plan ahead for an eventual sale of your fitness business and formalize how owners and/or investors will be paid. 

This is the section where many new business owners are overly optimistic. Base your financial projections on fact and always over-estimate expenses and under-estimate revenues. This includes being realistic about membership sales, seasonal fluctuations, attendance and staff turn-over. Calculate your gym’s monthly expenses and then figure out what your revenue per class or training session needs to be to cover your expenses plus owners’ compensation. From here you can determine how many class passes and/or monthly membership’s your fitness business will need to be profitable. 

There can be a high turn-over rate in the gym business, so you’ll need a steady stream of potential new students coming through your doors each month, and know at what rate they will convert into long-term customers. Know your fitness niche’s average new student conversion rate. 

Build out at least five years of financial profit and loss estimates. Be sure to take into account any rent increases in your lease, taxes, increases in instructor pay and get granular with your expenses, from phone and internet to Facebook ads to the toilet paper in the bathroom, and don’t forget all those new cleaning products you’ll need to operate safely and courteously in a post-pandemic world. 

Gym Business Plan Templates

BusinessPlanTemplate.com This site offers a free outline of all the core content you’ll need to include in a fitness studio business plan. You can purchase a step-by-step business plan builder, including access to customer service and expert advise for $97. Business Plan Template.com is rated A+ by the Better Business Bureau and has strong, positive ratings from satisfied customers. 

Bplans If you need a bit of inspiration check out or Bplans DIY gym sample plans for fitness centers, corporate fitness, gyms, health clubs, as well as martial arts studios, gymnastics schools, and a number of other athletics businesses.

For those who want a higher level of support in creating a full fleged, modern business plan, Bplans offers a paid option called LivePlan . It contains the same templates and information you can access for free on the company’s website, plus additional guidance to help you develop a complete plan. Pricing starts at $12/mo. for a year subscription or $18/mo for a 6 mo. plan.

Institute of Personal Trainers This well-respected trade organization offers personal trainers a free business plan that includes step-by-step instructions. You can download the guide using the link on the association’s website. The institute understand that during the process of writing a business plan you will be presented with questions, ideas or challenges that you might not have thought of before. According to the organization, this alone makes it worth doing.

Remember, it’s better to start the process of creating a gym business plan, even if you feel intimidated, than to procrastinate until you feel you’ll get it perfectly right. There is a wealth of knowledge to be gained simply by going through the process. Writing out your fitness studio business plan may open your eyes to blind spots in your business strategy or long-term performance goals and shift your business into a whole new realm of growth opportunity in the coming year. 

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How to create a gym business plan

  • Annabelle Amery
  • Sep 5, 2023

how to create a gym business plan

When starting a business , it’s crucial to create a comprehensive and clear business plan. This applies to all types of businesses , including a gym business . A gym business plan is a strategic document that outlines the goals, objectives and strategies for starting and running a successful gym.

A gym business plan serves as a roadmap for entrepreneurs, providing guidance on how to navigate the challenges and complexities of the fitness industry. It helps entrepreneurs define their vision, mission and target market, as well as identify the resources and steps needed to achieve their goals.

Need a way to promote your gym business online? Get started with Wix’s website builder , which includes built-in marketing and scheduling tools.

Why create a gym business plan?

A gym business plan is particularly important for individuals who are new to entrepreneurship. It provides a structured approach to starting a gym by outlining the necessary steps, such as securing funding, finding a suitable location and acquiring equipment. Some of the other main advantages include being able to:

Attract funding: A well-written gym business plan can attract potential investors or lenders who may be interested in supporting your venture financially. It demonstrates your understanding of the market, your competitive advantage and your plans for profitability.

Understand resource requirements: A comprehensive gym business plan helps entrepreneurs identify the resources required to start and operate their gym successfully. This includes business registration (cost to start an LLC ), equipment, staff, marketing materials and other supplies necessary for day-to-day operations.

Achieve long-term success: A gym business plan provides entrepreneurs with an opportunity to thoroughly analyze their target market and competition. By conducting market research and competitive analysis, they can develop strategies to differentiate their gym from others in the industry.

Set goals: A well-crafted gym business plan helps entrepreneurs set realistic and measurable goals for their gym. These goals can include financial targets, membership growth, customer satisfaction levels and other key performance indicators.

Make better decisions: Having a clear business plan in place helps entrepreneurs make informed decisions about various aspects of their gym, such as pricing, marketing strategies and expansion plans. It serves as a reference point for evaluating options and making choices that align with the overall business strategy.

Guide your website messaging and design: A gym business plan also includes considerations for creating a business website . In today's digital age, making a website is crucial for attracting customers and promoting your gym. The business plan can outline the website's purpose, design, functionality and marketing strategies to drive traffic to the site.

How to write a gym business plan in 6 steps

A gym business plan is a crucial document that outlines the strategies and goals for starting and running a successful gym. It provides a roadmap for entrepreneurs, guiding them through the process of establishing and growing their fitness facility. To create an effective gym business plan, it is important to include six main parts:

Executive summary

Business and domain names

Market analysis and research

Operations plan

Marketing and advertising

Financial plan

01. Executive summary

The executive summary is a concise overview of your gym business plan. It provides an introduction to your gym, highlighting its unique selling points and summarizing the key elements of your plan. The executive summary should include a brief description of your gym, your mission statement, an overview of the target market and competitive landscape, a summary of your marketing, your advertising strategies and an outline of your financial projections (including how you plan to raise money for your business ).

Example of an executive summary for a gym:

“ABC Fitness is a state-of-the-art gym located in downtown Cityville. Our mission is to provide a welcoming and inclusive environment where individuals of all fitness levels can achieve their health and wellness goals. With top-of-the-line equipment, certified trainers and a variety of group exercise classes, we aim to be the premier fitness destination in our community.

In an increasingly health-conscious society, the demand for fitness facilities continues to grow. ABC Fitness differentiates itself by offering personalized training programs tailored to each member's specific needs. Our strategic location in the heart of the city ensures easy accessibility for our target market of urban professionals.

To attract customers, we will implement a comprehensive marketing campaign that includes online advertising, social media promotions, and partnerships with local businesses. We project steady growth in membership numbers over the next three years, resulting in increased revenue and profitability.”

02. Business and domain names

Choosing the right business name for your gym is crucial for building brand awareness and trust. It should reflect your gym's values, target market and unique selling proposition. Here are some steps to consider when deciding on a company name:

Brainstorm keywords and concepts related to fitness, health and wellness

Use a business name generator (or specifically a small business name generator ) for inspiration and to generate unique name ideas

Consider the availability of domain names associated with your chosen company name

Check the availability of the chosen domain name using domain registration websites

Be inspired: Gym business name ideas , Fitness business name ideas

Learn more about registering your business once you’ve landed on your business name and legal structure.

03. Market analysis and research

Including market analysis and research in your gym business plan is essential for understanding the competitive environment and developing a better business strategy.

Target market: Analyze the target market by identifying demographics, psychographics, and fitness preferences of potential customers. Conduct a SWOT analysis (strengths, weaknesses, opportunities and threats) to assess your gym's internal and external factors.

Competitors: Research competitors in your area to understand their strengths, weaknesses, pricing strategies and marketing efforts. Identify opportunities for differentiation by offering unique services or targeting underserved segments of the market.

04. Operations plan

The operations plan outlines the logistical aspects of your gym, including location, premises, equipment and staffing needs. Make sure to select a suitable location that is easily accessible, has ample parking and aligns with where your target market is based.

Then determine the size and layout of your gym space based on the number of equipment, exercise areas, locker rooms and amenities. Research and budget for the necessary gym equipment, including cardio machines, weightlifting equipment and fitness accessories.

Lastly outline staffing requirements by identifying the number of trainers, instructors, front desk staff and maintenance personnel needed.

05. Marketing and advertising plan

The marketing and advertising plan lays out the strategies and campaigns you will implement to promote your gym business. To do this you’ll need to first identify your target audience and tailor your marketing efforts to reach them effectively.

Then, plan out a strong brand identity by creating a logo, color scheme and visual elements that resonate with your target market. (Need help creating a logo? Check out these fitness logo ideas or Wix’s free logo maker .)

Consider using various marketing channels such as social media platforms, online advertising, local partnerships and community events. Then plan compelling content that highlights the benefits of joining your gym and showcases success stories from existing members. You can also implement referral programs or incentives to encourage current members to bring in new customers.

06. Financial plan

The financial plan is a cornerstone of any gym business plan, providing an in-depth overview of how the business will secure initial funding, manage expenses, generate revenue and outline the projected time frame for achieving profitability. This section is pivotal in demonstrating the financial viability and sustainability of the gym business to potential investors, stakeholders and lenders.

Startup costs and funding: Starting a gym business entails various upfront costs that should be carefully estimated for accurate financial planning. These costs include lease or purchase of the gym space, equipment procurement, interior design, licensing and permits, marketing, initial staffing and operational supplies. Funding for these startup costs can come from diverse sources, such as personal savings, business loans, grants, partnerships or investments.

Revenue projections: Revenue projections provide a forecast of the expected income over a specific period, usually the first few years of the gym's operation. These projections should be based on thorough market research, competitor analysis and realistic expectations.

Profit and loss projection: The profit and loss projection, also known as the income statement , offers an overview of the gym business's revenue, expenses and net profit or loss over a specific period. It provides insights into the financial health of the business and its potential profitability.

Time frame for profitability: The time frame for achieving profitability in a gym business depends on factors like membership growth, marketing strategies, operational efficiency and retention rates. Typically, gyms aim to reach profitability within the first year or two of operation

steps to developing a business plan

Gym business plan examples

Creating a gym business plan from scratch can be a daunting task, especially if you're new to entrepreneurship. Fortunately, there are many resources available that provide gym business plan templates to help you get started. These templates serve as a framework for organizing your ideas and ensuring that you include all the necessary components in your plan. Here are two draft business plans for hypothetical gym businesses, incorporating the main parts discussed earlier.

By using templates as a starting point, you can customize them to fit your specific vision and goals for your gym. Remember to conduct thorough research, analyze your target market and develop strategies that set your gym apart from the competition. With a well-crafted gym business plan in hand, you'll be well-equipped to start your journey towards building a successful fitness facility.

Business plan template #1: neighborhood fitness studio

The Neighborhood Fitness Studio is a boutique gym located in a residential area, catering to individuals seeking a personalized fitness experience. Our mission is to provide a welcoming and supportive environment where members can achieve their health and wellness goals. With certified trainers, state-of-the-art equipment and a variety of group exercise classes, we aim to become the go-to fitness destination in our community.

Company name and domain name

We have chosen the name "FitHub" for our neighborhood fitness studio. The domain name www.fithub.com is available and aligns well with our brand identity.

Our target market consists of local residents aged 25 to 45 who value convenience and personalized attention

Competitor analysis reveals that there is no other gym within a two-mile radius offering specialized fitness programs tailored to individual needs

We plan to differentiate ourselves by offering personalized training plans, nutrition counseling and small group classes

We have secured a 2,000 square foot space in a commercial building with ample parking for our gym

The gym will be equipped with cardio machines, free weights, strength training equipment and a designated area for group exercise classes

We will hire certified personal trainers, fitness instructors and front desk staff to ensure excellent customer service

Marketing and advertising plan

We will utilize social media platforms like Facebook and Instagram to promote our gym and engage with potential customers

Local partnerships with health food stores and wellness centers will allow us to reach a wider audience

We will offer a free trial period for new members and implement a referral program to incentivize word-of-mouth marketing

Business plan template #2: upscale fitness center

The Upscale Fitness Center is a premium gym targeting affluent individuals who prioritize luxury and exclusivity. Our mission is to provide a high-end fitness experience that combines cutting-edge equipment, personalized training and luxurious amenities. With our state-of-the-art facility, expert trainers and exclusive membership perks, we aim to become the preferred fitness destination for the elite in our city.

We have chosen the name "Elevate Fitness" for our upscale fitness center. The domain name www.elevatefitness.com is available and reflects our commitment to helping members elevate their fitness journey.

Marketing analysis and research

Our target market consists of high-income individuals aged 35 to 55 who value personalized service and are willing to invest in their health

Competitor analysis reveals that there are no other fitness centers in our city offering the same level of luxury and exclusivity

We plan to differentiate ourselves by offering VIP amenities, personalized training programs and exclusive member events

We have secured a 10,000 square foot space in a prime location, featuring high-end finishes and top-of-the-line fitness equipment

The fitness center will include dedicated areas for cardio, strength training, group exercise classes and a spa-like relaxation area

We will hire certified personal trainers, nutritionists and spa professionals to provide a comprehensive wellness experience for our members

We will leverage digital marketing strategies, such as targeted online advertising and influencer partnerships to reach our affluent target market

Exclusive membership events and collaborations with luxury brands will create buzz and attract high-profile individuals

We will offer personalized consultations and complimentary services to prospective members to showcase the unique value of our fitness center

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Gym Business Plan Guide – With Templates, Examples & Checklist

Published by caroline @ wellness creative co on 4 october 2022 4 october 2022.

Preparing a gym business plan can feel like a daunting task, but it doesn’t have to be. If you’re starting a health club , fitness center, or boutique studio, it can actually be quite easy to create a document that impresses banks and investors . All you need is a simple step-by-step guide… 

In this article – learn how to write an awesome gym business plan (with samples, PDF templates, and downloadable checklist).
  • Essential elements of a business plan
  • Why they matter
  • Examples & templates
  • Downloadable checklist

business plan header

Key Elements of a Gym Business Plan

Planning a new venture can be an overwhelming task but our 7-step process makes it easy.

We’ll guide you through the exact steps to preparing a brilliant business plan to help secure gym funding. Following a proven format can help you access government grants for fitness centers or gym equipment loans.

Here are the sections that every gym business plan should include… 

  • Executive summary
  • Industry and local market analysis
  • Company overview
  • Products and services
  • Sales and marketing strategy
  • Financial information
  • Implementation plan

Now let’s look at each of them in more detail…

1. Executive Summary

Get straight to the point – why should they invest in your business? Include your mission, key financials, and unique selling points. Although it goes at the beginning of your plan, you should do this section last.

2. Industry & Local Market Analysis

Demonstrate potential – show that the industry is growing and there’ll be a strong demand for your products or services. Include research statistics , competitor info, and relevant government initiatives.

3. Company Overview

Summarise the company – objectives, location, ownership, legal status, team structure, and operations.

4. Products & Services

The fun part – detail the names, descriptions , and prices of the products or services you plan to sell. This could be memberships, class passes, PT sessions, workshops, smoothies, merchandise, etc.

You might also like… How To Start an Online Fitness Business or Build a Successful Fitness Brand .

5. Sales & Marketing Strategy

How you’ll attract customers – explain your brand positioning and list all of the activities you’ll do to generate pre-opening sales, attract competitor customers, and promote your business once fully open.

6. Financial Information

Spreadsheets are your friend – potential investors aren’t just interested in your figures, but how you arrived at those figures, so show your calculations!

Include breakdowns of profit & loss, cash-flow, breakeven figures, and the capital expenditure needed for start-up. Project 12, 36, and 60 months ahead.

7. Implementation Plan

How you’ll make it happen – provide a step-by-step list of actions you’ll take, including milestone dates.

Why Business Plans Matter

Preparing a comprehensive business plan is hugely important. You’ll use it to secure a bank loan or investor funding so then there’s a lot riding on this one document.

It’s not just about putting ideas to paper – a fitness business plan needs to be well-structured and involves extensive research. But it’s well worth the effort as it sets you up for long-term success in the future.

“Business plans double your chance of success.”

Creating a business plan may seem like an annoying admin chore, but it’s crucial to the success of your business.

In fact, research shows that people who complete business plans are nearly twice as likely to successfully grow their businesses, or obtain capital. This is because they help you transform your fitness business ideas into a reality and ensure you’re profitable from the start.

You might also like… How To Write A Gym Marketing Plan [With Examples & Templates]

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Fitness Marketing Ideas Mini-Guide

25 fitness marketing ideas for your gym, studio, or online business. Attract new members, get more PT clients & boost your fitness blog.

Gym Business Plan Examples & Templates

We’ve also collated a few of our favourite gym business plan templates below. These PDF samples will give you ideas for writing your own along with a guide to follow.

  • Ibis World produced this thorough 60-page sample, which is a great source of financial projections.
  • Launceston City Council created this aquatic center and health club business plan.
  • Dragon Fitness Training produced this interesting personal trainer business plan as an academic exercise.
  • Catalyst Fitness created this CrossFit business plan with a detailed risk assessment.
  • The Yoga Lunch Box  offers a comprehensive yet easy-to-read yoga business template.
  • Fitness Texter has a nice little guide that includes helpful questions to ask yourself.

Creating business plan is totally worth the extra time and effort. It’ll be your business blueprint for the next 3-5 years and help to secure bank loans or investor funding.

Putting some thought into how you’ll promote your services and manage cash flow will ensure you’re prepared for life as a business owner.

Downloadable PDF Checklist

We’ve found that the best way to approach a business plan is to work on it in small chunks . Trying to get the whole document done in one go is the quickest route to overwhelm.

Instead, we recommend working on just one section each day. This will enable you to complete the whole thing within a week, without stressing out .

fitness business plan PDF

To simplify the process, we created a  checklist  for preparing your business plan. It walks you through 7 simple sections that’ll result in a killer document, without the stress.

You can download it as part of our Fitness Business Template Bundle…  

Fitness Business Templates & More

Our ready-made templates make it quicker, cheaper, and easier to promote and run your fitness business. They can improve the effectiveness of your sales and marketing campaigns. If you aren’t an experienced marketer, then templates also provide a useful guide for you to follow.

Whether you run a gym club, fitness studio, or personal training business, these templates will save you time and effort. They’ll help you to plan and organize your promotional activities so that you generate more revenue . You’ll get 60+ templates covering sales, marketing, lead gen, client training, and business start-up resources.

gym business plan examples templates

Caroline @ Wellness Creative Co

Qualified personal trainer (BSc Sports Science) & nutritionist (MSc Human Nutrition) with 15+ years of fitness & wellness marketing experience working with global brands.

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Gym Business Plan Template

Gym business plan.

If you want to start a new gym business or expand your existing business, you need a detailed gym business plan.

Since 1999, we have helped over 10,000 business owners create business plans to start and grow their gym, health club and fitness businesses.

Write a Business Plan for Your Gym Business

A good business plan includes financial projections, detailed strategies and action plans. We recommend that you start with a simple gym business plan template.

Below are links to each section of a winning gym business plan:

  • Executive Summary – The Executive Summary is the most important section of your business plan. It should be clear, and concise and provide an overview of your gym business plan.
  • Company Overview – The Company Overview section should include your company name, business model, location, history, and a brief description of your products or services. You can also include your company’s mission statement and/or a list of your key objectives.
  • Industry Analysis – The Industry Analysis should include information on the size of the fitness industry, trends, competition and growth potential.
  • Customer Analysis – The Customer Analysis should include a description of your target market, customer needs and how you plan to attract and retain your target audience.
  • Competitive Analysis – The Competitor Analysis should include a description of your competitors, their strengths and weaknesses and how you plan to compete with them.
  • Marketing Plan – The Marketing Plan should include your sales and marketing strategy, pricing strategy, and the promotion plan for your gym.
  • Operations Plan – The Operations Plan should include a description of your gym facilities, equipment, staff, policies and day-to-day procedures. It may also include your gym or fitness business milestones.
  • Management Team – The Management Team section should include biographies of the gym owner, your executive team members, and key employees.
  • Financial Plan – The Financial Plan should include your gym’s financial statements, funding requirements, and investment analysis.
  • Appendix – The Appendix should include any supporting documents such as your gym’s lease, contracts, permits and licenses.

Next Section: Executive Summary >

Gym Business Plan FAQs

What is the easiest way to complete my gym business plan.

gym business plan template

Where Can I Download a Gym Business Plan PDF?

You can download our gym business plan PDF template  here . This is a business plan template you can use in PDF format.

What Is a Gym Business Plan?

gym business plan template example

Once you have a handle on your market and the basics of running a small business, include more detailed information in your formal gym business plan. This better prepares you for financial negotiations with banks and other business opportunities to help your fitness business grow.

Why Do You Need a Gym Business Plan?

Fitness is big business, as baby boomers lead the charge to remain healthy for a lifetime. Gyms have come a long way, and new gym owners have a seemingly endless array of choices. Yet many new gym businesses fail because their owners try to be all things to all people. A written business plan is crucial to growing and developing your gym in a controlled, sustainable manner. In addition, gyms are expensive to build and outfit. Potential investors and loan officers look to the business plan to decide whether to invest in your gym.

What Are the Sources of Funding for Gyms?

To secure funding for a gym, the main sources of funding are small business loans and angel investors. With regards to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to confirm that your financials are reasonable. But they will want to see a professional plan. Such a solid gym business plan will give them the confidence that you can successfully and professionally operate a business.

The second best way to secure funding for a gym is through angel investors. Angel investors are wealthy individuals who will write you a check. They will either take equity in return for their funding or, like a bank, they will give you a loan. Venture capitalists will not fund a gym. They might consider funding a chain of gyms, but never an individual location. This is because most venture capitalists are looking for millions of dollars in return when they make an investment, and an individual gym or fitness center could never achieve such results.

How Much Will It Cost to Start a Gym?

There is no one-size-fits-all answer to this question, as the start-up costs for starting a gym will vary depending on the size and scope of your business. That said, you can expect to spend anywhere from $25,000 to $500,000 or more when starting a gym.

How Do I Write a Business Plan For A New Gym?

A business plan for a new gym will include your purpose for entering the fitness industry, key market data, direct and indirect competitors, and a more detailed description of your marketing plan, management team, target audience, and more. Outside of the 10 sections noted in the gym business plan outline above, you may also include the following information in your gym business plan:

  • Mission Statement : Define your philosophy on fitness and why you are opening this specific gym.
  • Facility : Describe your gym’s layout and which equipment you will be using.
  • Services : Describe the services you offer, such as personal training, available exercise equipment, hosting fitness classes, and child care.
  • Membership Fees : Explain your pricing structure for memberships and other services.
  • Financing : Detail how you will finance your startup costs and day-to-day operations.
  • Growth Plan : Outline your plans for growing the business, including expansion into new markets and acquisitions.
  • Risks and Threats : Describe the risks facing your gym and how you plan to address them.
  • Exit Strategy : Explain how you will sell or close the business, including a timeline for doing so.

As you can see, a business plan for a gym is comprehensive and detailed. It should be updated regularly to reflect your changing business goals and strategies. Having a well-written gym business plan is essential to the success of any gym or fitness center.

What Marketing Strategies Are Effective For A Gym Business?

There is no one-size-fits-all answer to this question, as the marketing strategies that are effective for a gym will vary depending on the type of gym you own. However, some general marketing tips include:

  • Creating a strong branding strategy, including a recognizable logo and tagline.
  • Developing marketing materials such as print ads, website design, social media profiles, and more.
  • Creating a referral program to incentivize customers to refer their friends.
  • Developing partnerships with other established businesses in your community.
  • Running promotional events such as free trial days or discounts for memberships.

As you can see, many marketing strategies can be effective for your gym. Your marketing strategy should support your overall business strategy, which is defined by your mission statement, vision, and unique selling proposition.

GYM BUSINESS PLAN OUTLINE

  • Gym Business Plan Home
  • 1. Executive Summary
  • 2. Company Overview
  • 3. Industry Analysis
  • 4. Customer Analysis
  • 5. Competitive Analysis
  • 6. Marketing Plan
  • 7. Operations Plan
  • 8. Management Team
  • 9. Financial Plan
  • 10. Appendix
  • Gym Business Plan Summary

Other Helpful Business Plan Articles & Templates

Download a Free Business Plan Template

example of a fitness business plan

  • 8 steps to create a great gym business plan 

women on battle ropes in gym

Your gym business plan is your roadmap to success. It guides you on your journey, helps you to make better decisions, and attracts potential angel investors to your business. Creating a business plan is a process. It’s easy to think of your business plan as one single document that you build and then you’re done. But, your business plan evolves and changes with you; it’s not a static checklist. 

Whether you’re starting a new small business or expanding an existing one, a business plan sets the foundation for success. As we all emerge out of the coronavirus pandemic, it’s especially important to evaluate your business plan to make sure you’re still on top of your game.

A great gym involves more than fitness equipment. Setting up a gym is a big task which is why you want to give yourself the best opportunity to succeed. All stages of your business plan are equally important and essential for the final steps. In this article, we try to understand the core elements of a gym business plan and how you can craft a business plan for your fitness business. 

  • What is a gym business plan? 
  • Why do you need a fitness center business plan?

What is a gym business plan? 

Before we dive into how to create your business plan, let’s start at the beginning. So, what is a gym business plan? Well, it’s a document that tells the reader who you are as a business and a realistic idea of where the business is heading. At a basic level, your business plan answers the following questions: 

  • How does your business work?
  • How are you going to succeed?
  • What steps do you need to take to succeed?

Research shows that entrepreneurs who write formal business plans are more likely to succeed . Business owners seeking external financial support are also more likely to commit their thoughts to a formal business plan. With a new business, it’s beneficial to pull your ideas into focus and put pen to paper. 

Why do you need a fitness center business plan? 

The main aim of your gym business plan is to create a blueprint for your business. For instance, if a potential investor were to read your business plan, they would understand how your gym will progress and succeed in the future. Your business plan also helps you to identify fresh opportunities and see gaps in your current business model or set up. Depending on where your business is, a business plan can be dual-purpose. Here’s why you need a business plan from day one. 

Test your business idea 

Starting a fitness business is by no means easy. So, you have an idea, and you think it could be a winner. But you can’t always go out and test that idea. A business plan allows you to feasibly test that idea without actually starting the business. Working through your idea and creating a business plan allows you to break down numbers, analyze the market and competitors, and save you a lot of time in the long run. In the early stages, it’s a good idea to work through your idea and create a business plan. The more knowledge you have about your business, industry, and potential customers, the better you can see if your business idea could be a success. 

Attracts investors and secure funding 

If you want to attract investors, you need a business plan. Most businesses need to secure funding and seek outside financial support. A thorough business plan helps you to obtain startup capital and funding for your new gym business. Even established businesses often need extra funding for expansion and business growth. Potential investors and finance companies will need concrete numbers with facts and figures to move forward with your business. Without a business plan, there is little to no chance of getting funding from investors, banks, or other external financial institutions. 

Achieve short-term and long-term goals 

It’s great to have both short-term and long-term goals in mind, but it’s important to go a step further. A good business plan will contain detailed strategies on how you intend to achieve these goals. It could involve your business model, equipment plans, hiring strategies, and marketing efforts. Think about everything that you need to do to achieve your goals. Most businesses tend to have overarching business goals that are supported by smaller goals. It’s crucial that your business plan maps out your strategies for achieving your goals. Because goals and strategies can shift, as your business evolves, you can update your business plan as necessary. 

Make business planning manageable 

A business plan is important for both new and established businesses. Firstly, a business plan gives you a higher chance of success. Budgeting, market analysis, and planning will set the foundation for a smoother beginning. When you have set out your goals and strategies to help you achieve them, you can implement what you need to progress. This whole process helps to make business planning more manageable and effective. A great business plan helps you to manage your business, monitor, and assess your progress over time. 

The 6 Crucial Steps to Opening a Gym or Studio

Chris Cooper, a gym owner, author and the founder of the Two Brain Business offers expert insight into the proven formula for a successful fitness business . In an episode on The Fitness Founders Podcast, he talks about how gyms were forced to rethink their business models during the COVID-19 crisis and where fitness operators should spend their time and money to be successful. 

8 steps to create a great gym business plan 

Developing a business plan is an organized process where you go through specific steps to achieve a final result. To start, think about where you are now and where you want to be. This will help you get into the right mindset when writing your business plan. There will be many times when you will refer to your business plan to help you make a decision. So, the more information you have, the better. You will need to dig deep into your business idea, future finances, competitors, and fitness industry to help you collate the information together. By following these eight steps, you can begin to cover all the different aspects of your health club and start building a great gym business plan template. 

1. Executive summary 

The executive summary is always at the top of the business plan. It should be an attention-grabbing business pitch that’s short and concise, yet interesting. You will continue to flesh out the points from your executive summary throughout the document. But this first section should be very clear and engaging. Although the executive summary is the first document in the business plan, it can be easier to write it at the end. Keep in mind what it should include so that you answer your own questions as you write your business plan. The executive summary should explain: 

  • Who – who you are and what you offer 
  • Why – what you hope to accomplish 
  • How –  how you are going to get there 

2. Company overview 

The company overview is a more detailed description of your business. You go beyond talking about who you are and delve into the type of clientele you plan on serving, how your business stands out from the competition, and the goals of your business. Because gym business models can differ, now is a good time to explain how you will run your business in more detail. Your executive summary states your mission statement and explains your thoughts at a high level. As you go through your business plan, you have the opportunity to expand and build on your thinking to showcase your business. Your company overview can include: 

  • Expand on the purpose of your business 
  • Business model and structure
  • Products and services you offer 
  • Target market research  
  • Founding story 
  • Legal structure 

3. Industry analysis 

The industry or market analysis is where you investigate the local market. Think about your niche, current trends in the market, and how your business aligns with market demand. You’re looking to evaluate the fit of your business in today’s market. Try to include some facts and statistics about your industry and the future of the market. For example, a gym looking to obtain funding for expansion into online fitness would include trends and statistics on the rapid acceleration of digital fitness and where the market is headed in the future. 

4. Customer analysis 

Within the gym industry, there are various niches and audience segments. Even within one business, you can have multiple target audience personas. The customer base you choose to target will have a big impact on your business, the types of services you offer, and how you market yourself. Start by breaking your target customers down by the following: 

  • Demographics – age, gender, income level, occupation, location, and education, etc.   
  • Psychographics – needs, interests, opinions, beliefs, and values, etc.  

5. Competitor analysis 

A competitor analysis investigates businesses that are direct competitors to you. These are the gyms that offer a similar service in your niche. Although you can mention indirect competitors, this section is mainly for a detailed analysis of your direct competitors. Depending on your business type, you could have both in-person competitors as well as digital-only competitors. Although it may be impossible to find out everything about a competitor, you can usually get a clear idea from your research. Break down each of your competitors into the following: 

  • Services and products they offer 
  • Target audience 
  • Pricing and business model 
  • Strengths and weaknesses 

6. Marketing strategy 

The marketing section of your business plan is the place to explain everything you plan to do to get your services in front of your target audience. Include your strategy, projected startup costs, and consider who will be handling the marketing efforts of the business. Your marketing strategy can include: 

  • Social media marketing 
  • Advertising 
  • Email marketing 
  • Referral program 
  • Sponsorships
  • Partnerships 
  • Pricing 

7. Management team 

Ideally, you and your team members have fitness experience within your niche. This section is a great place to highlight the skills, experience, and expertise of your management team. By doing this, it helps to show how specific team members will help you to achieve success. Lay out key members of your team. This doesn’t need to be limited to your fitness experts, but other experts who will guide your business like marketing and sales managers, customer service, and maintenance personnel. How you structure your business and the type of compensation and benefits you offer will help you to attract and retain high-quality talent over time. 

8. Financial plan 

Depending on where you are with your business, your financial plan can include current financials for the most recent year and future projections. Your projected revenue should be based on facts and solid research with supporting numbers. The financial plan can include a five-year projection with detailed breakdowns of monthly and annual earnings. Think about your income, cash flow, costs, and outgoings. Your finances are the backbone of your business, so it’s important to be as thorough as possible. 

In summary 

Starting a business is hard and comes with its own set of challenges. A good business plan gives you a point of reference to help you navigate your business. Whether you’re looking to expand your gym or start from scratch, a business plan covers all aspects of your gym so that you have every opportunity to succeed. While you may face some unforeseen issues, a business plan helps you to identify potential problems as much as possible. Your business plan isn’t a static document set in stone, instead, it can serve as a guide to growth and your future success through changing times. 

GF_eBook_feature_image-cover_6-crucial-steps-to-opening-a-Gym

Jenny Weller

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Appointy Blog

How To Draft the Perfect Gym Business Plan

A gym

A good gym involves a lot more than just the right exercise equipment. You need to think of the type of clientele you’ll be serving, membership and subscription fees, hosting fitness classes, and finding new ways to make your gym stand apart from your competitors. Setting up a gym is by no means an easy task, which is why the best way forward is to start off with a gym business plan.

So what is a business plan?

It is a formal document that lays down who you are as a business and gives a realistic picture of where the business will go in the future. At a fundamental level – It is a document that shows exactly how your business works, how it’s going to succeed, and the steps you need to take to get there.

Do you even need a business plan for your gym?

Industries are now gradually clawing back to their pre-pandemic growth rate. Old enterprises are re-opening and new businesses are popping up faster than we can imagine. To new entrepreneurs, business plans are more of a formality that can be overlooked. But sometimes, undermining the importance of a strategic plan for the growth of your business can backfire.

According to a study , business owners who have a well-defined business plan have almost twice the probability of securing capital and growing their enterprise when compared to those who don’t. 

Business plan statistics

How will a gym business plan help you?

The primary purpose of a plan is to create a roadmap of how a gym will progress in the foreseeable future. Writing a business plan can be a useful exercise to help you discover fresh ideas which you might have missed and gauge if there is any room for improvement. While starting a gym, you can rely on your business plan for things like:

  • Deeper assessment of the market : Making a business plan forces you to research the various aspects that will influence your gym’s success. These could include things like your ideal clients, target market, facility and equipment costs, local competitors, and any other market variables that could impact your business’ success.
  • Choosing the right way forward: By getting ideas down on paper through various rough drafts of plans, you will be able to evaluate what has the best chance of success. This allows you to focus your time and energy wisely.
  • Fund acquisition: Without a clear image of how the money will be used, no smart investor or lender will put money into a business. A good business plan lays out how the money will be spent and what the primary goals will be.
  • Detailed mapping: Even though you have company goals in mind and rough ideas for achieving them, having your strategies written down is not the same as having them in your head. A good gym business plan will include thorough plans for marketing, resource allocation, hiring new staff, and other initiatives to help you achieve your objectives. It can assist you in understanding the scope of the fitness industry and determining the resources required to get started.

How do you go about writing one?

Creating a business plan is an organized and detailed process that helps you define the key metrics associated with your business. For this, you need to have a mindset that helps you to make strategic decisions while having realistic expectations . To begin with, ask yourself: 

  • Where are you right now?
  • Where do you want to be in the future?
  • And, how do you envision yourself getting there?

Understanding the answers to these questions will put you in the right spot to draft the best possible plan for your gym. Generally, there are 2 types of business plan templates: 

  • Lean start-up business plan ; and
  • Traditional business plan .

A lean start-up business template highlights the key components of your strategy which allows you to view all the relevant details of your business in a single go.

gym business plan template

However, having just a lean start-up plan for your business isn’t enough. Banks and financial institutions require extensive business plans as they can showcase an in-depth study of your business and how you plan to take it forward.

A compromise between the two might be the best for your gym . A lean business plan template could be useful for having an overview of your setup. There will be many occasions where you might need to refer to your plan for some important decision, and a lean business plan would be useful in those instances. On the other hand, a detailed gym business plan will be a necessity during fund acquisition, asset expansion, and internal guidance. So keeping both of these handy will not put you at a disadvantage, to say the least 🙂

The 9 key elements of a detailed gym business plan

Drafting a gym business plan is by no means an easy task. You have to strategize a plan of operation, dig deep into the market, run competitor analysis, project financial data for upcoming years, and collate everything in a single document.

We have established businesses that can be susceptible to changes, so owners of pre-existing gyms need to know about how they should update their business plans for future reference.

On the other hand, upcoming gym owners might not know what to include in their business plan, simply because this isn’t something people do on a daily basis. On top of that, they also have to keep their preparation for setting up their gym on track.

While all of that may seem a little overwhelming at first, it’s okay to work at your own pace and do your tasks one step at a time. You don’t have to learn everything at once. This is why, for your reference, we have put together a series of blog posts on:

  • How to draft a gym business plan; and
  • How to start a gym . 

Now that you have a fair idea of what a gym business plan means and how important of a role it plays in the growth of a gym, let’s look at its 9 key elements which will help you cover every single aspect of your gym without missing out on anything:

  • Executive Summary
  • Gym Business Overview
  • Market Analysis
  • Competitor Analysis
  • Products and Services
  • Sales and Marketing Strategies
  • Management and Operation Plan
  • Financial Projections
  • Funding Requirements

We have also included a sample gym business plan for you at the end of this blog ( Click here to go right to it ) .

1. Executive Summary

Having a strong executive summary is crucial if you’re looking for investors or loan sanctions. If your first few pages aren’t compelling enough, potential investors or loan officers would find the document mundane, which is the last thing you would want! 

This section is basically a summary or an overview of the business plan. Give a brief description of your gym along with a summary of the market analysis that you have done. Then explain why your gym is uniquely qualified to fit in this market. Your executive summary should address the following questions:

  • What is your business model and its strengths?
  • What market demand will your gym fulfill?
  • What key market data supports your concept?
  • What is your competitive advantage?
  • What will be your support line in terms of revenue, expenses, and profit/loss for the first three years?
  • What are you requesting in terms of funding?

While you’re working on the executive summary, you might find yourself wanting to fill in more data than required, and it is important that you DON’T . The purpose of the executive summary is to highlight your goals for the gym and to give a very high-level understanding of the steps you will be taking in order to achieve those goals. You will have plenty of opportunities to fill in all the relevant information under the coming sections.

2. Gym Business Overview

This is a more detailed description of your gym, the clientele you serve (or the clients you hope to serve), and how it stands out from the competition. This is also a good place to include your goals for your gym

The executive summary captures the mission statement and a high-level understanding of the goals that you want to achieve. You can build on these points in your gym business overview to provide further detail. Try to cover:

  • The purpose of your gym – Spreading awareness about maintaining good health, helping people stay fit, etc.
  • Target audience ; niche-specific type of gym
  • The founding details of your enterprise
  • Strategies you will be adopting in different departments to achieve your goals
  • The legal structure of your business

3. Market Analysis

Focus on writing about what your market is about and the specific niche your gym fits into. Think of things like:

  • Do you have a niche?
  • What kind of audience comes under this niche? 
  • What are the current trends in the fitness industry? Do your business plans cover these trends and how compatible are these trends with your ideal clients?

Carefully examine your local market and your gym’s potential to fit into that market successfully. It’s a good idea to include some hard data and statistics to show where the market has been and where it’s expected to go.

4. Competitor Analysis

Research your competitors . You should make a list of direct and indirect competitors with their strengths and limitations, as well as how your gym compares to them.

  • Direct competitors: This includes gyms similar to yours in the local area that are going after the same type of customer.
  • Indirect competitors : These are the other types of gyms, health and fitness-based centers in your local area that target your market with different kinds of products and services.

You can talk to locals, hand out questionnaires, and do surveys to gain some insights. Ask them why they chose their current gym, what all do they think they are missing out on, and try to capitalize on that. Getting real-time information can be difficult but it is the most valuable feedback you can get . Collate the data under this heading and highlight how your gym can fulfill the wants of your potential customers.

5. Products and Services

This section is a detailed breakdown of what you offer to your customers. It should cover membership options, group classes, available exercise equipment, and personal training opportunities. You can also include child care options, or special training sessions, whatever fits your idea.

Discuss the needs that your services fill for your target audience. Use this section to detail any plans to add or change services, including the projected cost and payoff for those changes.

You could also explore opportunities to sell products. This can help you establish your brand and kick off an additional source of revenue. Ensure that if you plan to sell health food items, keep in check with food hygiene standards and include procurement sources and a budgeting overview. 

6. Sales & Marketing Strategies

Sales & marketing strategies are a key part of the fundamentals of funding plans and financial projections. These are highly dependent on market research and competitor analysis . Your marketing strategy can comprise of:

  • Improving services
  • Advertising
  • Sponsorship
  • Loyalty plans
  • Website promotions
  • Email marketing
  • New equipment

There are no boundaries to your ideas here. It is very important to try and cover all possible bases because these strategies will help you maintain the rate of client acquisition and increase your client retention period. For an in-depth understanding, this section should address the following questions:

  • What membership types will you offer and what will you charge for them?
  • What are your sales forecasts?
  • What is your strategy to get your target market into your club and convert them into members?
  • What is your unique selling proposition?
  • What promotional offers and marketing strategies will you use during pre-sale and post-launch?
  • How will you retain your members?

It’s easy to overlook marketing strategies while doing extensive research on other things which constitute your business plan, which is why we’ve created a list of some simple, low investment, and high ROI gym marketing ideas. Check out this blog to learn about different ways to get more clients for your gym.

7. Management & Operations Plan

This is one of the most important sections of a business plan, while you’re in the phase of opening a gym because this will outline how your gym will actually function and what are the various moving parts involved.

Lay out the key members of your management team and the experience they can bring to help grow your business. This should not be limited to fitness experts and trainers you hire, but also people with business experience who will help you with administrative tasks. It is important to show any potential investors that the right people are in place to help your gym succeed.

If you plan on managing the club, include your bio alongside the rest of the management team’s profile in the appendix. Provide an organizational chart along with a description of any non-management staff you’ll need. They can include:

  • Personal Trainers
  • Sales/membership managers
  • Storage handlers
  • Customer service
  • Maintenance personnel

Outside of rent, labor is the biggest expense for most fitness club operators, so having the right compensation is critically important. Break down your management and staff profile, along with their compensation and benefits plans. ( Xanax )

How you structure compensation and benefits will impact your ability to attract and retain a strong team and can make the difference on whether or not your business is profitable in the short and long term. So give these points and good thought before cementing anything in your plan.

8. Financial Projections

Include your financials for the most recent year, as well as your projected revenue for the coming years. These projections should be based on the solid market research you’ve done.

Create comprehensive financial projections that include income statements, balance sheets, and cash flow statements for the next three years based on the expected best and worst-case scenarios. Provide context for these numbers by comparing them to industry benchmarks. Start-up costs, payroll expectations, debt payment schedules are important to reference as well.

Make sure to consider membership and revenue-generating service ramp-up, membership churn, and staff compensation in your projections.

9. Funding Requirement

Use this as an opportunity to think realistically about your business. Include the key external resources you might consider to get funded. These could be:

  • Personal savings
  • Soft loans (family members, friends, gifts)
  • Crowdfunding
  • Sponsorship from other business

Detail exactly where you plan to get your funding from, and how much . If you’ve previously made loan applications, make a note of them here for any potential investor to consider.

Conclusion (+ Free template)

Starting a business has its own set of challenges, but the payoff is well worth the effort in the end. If you have a gym business plan that covers all you’ve learned so far, you’ll be able to kickstart a gym with a bang! Simply because your plan:

  • Will act as a point of reference for you when you have to make important decisions.
  • Be a resource to help you secure investment.
  • Give you the security that you have explored all aspects of your new business.
  • Show partners or new employees which direction you aim to head in.

Want a template to get you started? 

Check out this gym business plan template that we’ve created for you. 

example of a fitness business plan

Download the FREE gym business plan template!

Save it or print it out and use it to create a robust business plan!

Yay! You are one step ahead in a successful personal training business!

Every business is unique. So, don’t be afraid to tailor your own gym startup business plan that is specific to your needs.  Even though sample business plans are designed to assist you in creating the ideal presentation for your clients and investors, it is ultimately up to you to decide how you can best communicate your ideas.

About Appointy

We at Appointy, help business owners grow and run their businesses with our online scheduling software. This blog was a part of our ‘Manage your Business’ category, where we provide expert tips, and resources, or simply talk about the challenges that small and medium businesses face every day. 

If you have any thoughts on this blog or would like to chat about your business struggles and achievements, let us know in the comments below. 

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Fitness Business Proposal Template (Free + Examples)

Use the free fitness business proposal template below, get tips on how to create a fitness business proposal, and view example fitness business proposals.

Fitness Business Proposal Template

Welcome to our comprehensive guide on creating a winning fitness business proposal! Whether you’re a fitness enthusiast looking to turn your passion into a successful business venture or an experienced entrepreneur in the fitness industry, this article will provide you with a complete fitness business proposal template to craft a compelling fitness business proposal.

In this guide, we will cover all the essential subheadings to help you create a proposal that stands out and captures the attention of potential investors, partners, or stakeholders. Then learn how to create a gym business plan , how to create a gym budget , how to create a gym sales forecast , how to get a gym loan , and more—all part of understanding how much it costs to open a gym , how to start a fitness business , and how to start a gym .

Fitness Income Ideas

And, of course, managing your fitness business online with the best gym management software and the best personal training software means that you can easily create fitness session plans, waivers, forms, fitness assessments, lead forms, registration forms, online booking, workout plans, and much more. Save yourself some time and hassle and get a demo with the best fitness business platform: Exercise.com.

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Fitness Business Proposal Template

[title: your fitness business proposal], [your business/brand name logo], executive summary.

Introduction

  • Briefly introduce the purpose of the proposal and the fitness business concept.
  • Overview of the fitness market and the opportunity identified.

Business Objectives

  • State the primary objectives and goals of your fitness business.
  • Highlight what sets your fitness venture apart from competitors.

Business Description

Overview of Your Business

  • Detailed description of your fitness business.
  • The mission statement and core values.

Services Offered

  • Outline of services and programs offered (e.g., personal training, group classes, online coaching).
  • Market Analysis

Industry Overview

  • Analysis of the current fitness industry trends and market demand.
  • Target audience demographic and behavioral profile.
  • Competitive Analysis
  • Overview of key competitors and their positioning.
  • Your business’s competitive advantages.
  • Marketing and Sales Strategy

Marketing Plan

  • Strategies for brand positioning and visibility.
  • Marketing channels (e.g., social media, email marketing, local advertising).

Sales Strategy

  • Approach to acquiring and retaining customers.
  • Pricing strategy and membership packages.

Operational Plan

Facility and Equipment

  • Description of the physical location and facilities.
  • Details of equipment and technology used.

Staff and Management

  • Organizational structure and key management roles.
  • Staffing plan including trainers, customer service, etc.

Financial Plan

Budget and Financial Projections

  • Start-up costs breakdown and operational expenses.
  • Revenue projections for the first year.

Funding Requirements

  • Total funding needed and its intended use.
  • Proposed terms for investors or lenders.

Risk Assessment and Contingency Plan

  • Potential risks and challenges.
  • Contingency plans to mitigate identified risks.

Conclusion and Call to Action

  • Summarize the proposal and its potential impact.
  • Next steps and call to action for potential investors or partners.

Contact Information

[Your Name and Title] [Business Address] [Phone Number] [Email Address] [Website URL]

  • Any additional documents or data supporting your proposal (e.g., market research data, letters of support, resumes of key staff).

[Optional: Include a section on how using a platform like Exercise.com can enhance the operational efficiency and client engagement of the proposed fitness business. Discuss the benefits of its comprehensive suite of tools including client management, workout creation, progress tracking, and communication.]

This template provides a structured approach for crafting a comprehensive fitness business proposal. Tailor each section to reflect your unique business concept and the specific needs of your target audience.

Example Fitness Business Proposal: Elevate Fitness Studio

Elevate fitness studio.

  • This proposal outlines the launch of Elevate Fitness Studio, a cutting-edge fitness facility focusing on holistic health and wellness.
  • Analysis of market trends shows a growing demand for personalized fitness experiences and wellness programs.
  • To establish a premier fitness facility offering personalized training, group fitness classes, and wellness workshops.
  • Differentiating through a unique blend of technology-driven fitness solutions and a strong community focus.

Overview of Elevate Fitness Studio

  • A state-of-the-art facility located in [City/Location], aiming to provide a comprehensive fitness experience.
  • Mission: To empower individuals to achieve their fitness and wellness goals in a supportive and innovative environment.
  • Personal Training: Customized one-on-one training sessions.
  • Group Classes: Yoga, Pilates, HIIT, and Spin classes.
  • Wellness Workshops: Nutrition, mental health, and lifestyle coaching.
  • The fitness industry is experiencing a shift towards personalized, holistic health services.
  • Target Audience: Health-conscious individuals aged 25-45, looking for a more personalized fitness experience.
  • Competition includes local gyms and fitness centers.
  • Elevate Fitness Studio stands out with its technology integration and community-driven approach.
  • Positioning as a premium, holistic fitness and wellness destination.
  • Digital marketing through social media, influencer partnerships, and a strong SEO-driven website.
  • Introductory offers for first-time members.
  • Tiered membership packages catering to different needs and preferences.
  • Location: A spacious, centrally located facility with modern equipment and amenities.
  • Advanced fitness technology, including fitness tracking devices and interactive workout platforms.
  • Experienced fitness trainers, nutritionists, and wellness coaches.
  • Organizational structure includes a General Manager, Fitness Trainers, Wellness Coaches, and Support Staff.
  • Initial start-up costs including facility lease, equipment purchase, and marketing expenses.
  • Projected revenue for the first year based on membership sales and additional services.
  • Seeking an investment of [specified amount] for start-up costs and initial operations.
  • Attractive ROI and equity options for investors.
  • Identification of potential risks such as market competition and member retention challenges.
  • Contingency strategies including diverse service offerings and flexible membership plans.
  • Elevate Fitness Studio presents a promising opportunity in the evolving fitness market.
  • Inviting investors and partners to join this exciting venture and help bring this vision to life.

Alex Johnson, Founder and CEO 123 Wellness Blvd, City, State Phone: (123) 456-7890 Email: [email protected] Website: www.elevatefitness.com

  • Market research data, testimonials from fitness industry experts, and financial projections.

Integrating Exercise.com’s platform will enhance Elevate Fitness Studio’s operational efficiency, offering seamless scheduling, client management, and progress tracking. This technological edge will significantly boost client engagement and satisfaction, making Elevate Fitness Studio a leader in the fitness industry.

This example illustrates a clear, structured proposal for a new fitness business, demonstrating the potential of Elevate Fitness Studio to revolutionize the local fitness scene with its innovative approach and the integration of advanced technology like Exercise.com.

Example Fitness Business Proposal: Zenith Wellness Hub

Zenith wellness hub.

  • Introducing Zenith Wellness Hub, an innovative fitness and wellness center, poised to redefine the standard in holistic health services.
  • Market research indicates a growing trend towards integrative wellness practices combining physical fitness, mental health, and nutrition.
  • To create a comprehensive wellness center offering a synergistic blend of fitness classes, mental health workshops, and nutritional counseling.
  • Unique Selling Proposition: A one-stop hub for complete wellness, integrating technology for personalized client experiences.

Overview of Zenith Wellness Hub

  • Proposed location in the heart of [City/Neighborhood], designed to be a sanctuary for health and wellness.
  • Mission: To foster a community dedicated to achieving wellness in all aspects of life.
  • Holistic Fitness Classes: Including yoga, Pilates, and meditation.
  • Mental Wellness Sessions: Mindfulness workshops and stress management seminars.
  • Nutritional Guidance: Diet planning and nutritional counseling services.
  • An increasing number of individuals are seeking holistic approaches to health and wellness.
  • Target Audience: Individuals aged 30-50 seeking a balanced approach to physical and mental well-being.
  • Local fitness centers and wellness clinics are the main competitors.
  • Zenith Wellness Hub’s integrative approach and serene environment provide a competitive edge.
  • Branding as a holistic wellness destination, not just a fitness center.
  • Multi-channel marketing strategy, including content marketing, community events, and partnerships with local wellness practitioners.
  • Flexible membership options, including all-inclusive packages and class-specific memberships.
  • Introductory promotions and referral incentives to attract and retain members.
  • A tranquil, welcoming space with state-of-the-art fitness and wellness equipment.
  • Amenities like a meditation garden, organic café, and relaxation lounges.
  • A team of certified fitness instructors, experienced wellness coaches, and licensed nutritionists.
  • Organizational roles including a Wellness Director, Client Relations Manager, and a team of specialists.
  • Initial costs for facility setup, branding, and equipment procurement.
  • Revenue projections based on membership sales, workshops, and individual counseling sessions.
  • Total investment sought: [Amount] for complete establishment and initial operational costs.
  • Proposed ROI for investors and appealing partnership opportunities.
  • Potential risks including market competition and client acquisition.
  • Adaptive strategies like diverse wellness programs and competitive pricing models.
  • Zenith Wellness Hub is set to become a leader in holistic wellness.
  • Invitation to potential investors and collaborators to join in this innovative venture.

Samantha Reed, Founder and Wellness Advocate 456 Serenity Drive, City, State Phone: (555) 789-0123 Email: [email protected] Website: www.zenithwellnesshub.com

  • In-depth market analysis, professional endorsements, and detailed financial forecasts.

By leveraging Exercise.com, Zenith Wellness Hub can effectively manage and automate various aspects of the business, from client scheduling and program management to progress tracking and communication, ensuring a seamless and enriched client experience.

This proposal for Zenith Wellness Hub illustrates a comprehensive business model focused on holistic wellness, supported by the technological capabilities of Exercise.com to streamline operations and enhance client engagement.

Creating a Winning Fitness Business Proposal

When it comes to creating a winning fitness business proposal, it’s crucial to start with a clear understanding of your target audience, their needs, and how your business will cater to those needs. Your proposal should be well-structured, concise, and persuasive, showcasing your fitness business idea in the best possible light. To achieve this, it’s important to carefully consider the key components that make up a successful fitness business proposal.

One important component of a successful fitness business proposal is a thorough market analysis. This involves researching and analyzing the current fitness industry trends, competition, and target market demographics. By understanding the market landscape, you can identify opportunities and position your business proposal to stand out from the competition.

In addition to the market analysis, it’s essential to outline your unique selling proposition (USP) in your fitness business proposal. Your USP is what sets your business apart from others and highlights the value you bring to your target audience. Whether it’s offering specialized fitness programs, innovative technology, or exceptional customer service, clearly articulating your USP will help convince potential investors or partners of the viability and profitability of your fitness business.

Understanding the Importance of a Well-Crafted Fitness Business Proposal

A fitness business proposal serves as a roadmap for your venture, outlining your goals, strategies, and financial projections. It not only demonstrates your vision and commitment but also provides potential investors or partners with a clear understanding of how their involvement can lead to mutual success. A well-crafted proposal shows that you have done your research, understand the market, and have a solid plan in place for achieving your fitness business objectives.

Furthermore, a well-crafted fitness business proposal can also help you secure funding or secure partnerships with key stakeholders in the industry. By presenting a comprehensive and persuasive proposal, you can showcase the potential profitability and viability of your fitness business, making it more attractive to potential investors or partners.

Key Components of a Fitness Business Proposal

A comprehensive fitness business proposal consists of several key components that collectively provide a detailed overview of your business idea. These components include:

  • The Executive Summary
  • Unique Selling Proposition
  • Services and Offerings
  • Pricing and Revenue Model
  • Operations Plan
  • Staffing and HR
  • Equipment and Facilities
  • Financial Projections
  • Funding and Investment
  • Risk Management and Contingency Plans
  • Metrics for Success

One important component of a fitness business proposal is the Executive Summary. This section provides a concise overview of your business idea, highlighting key points and objectives.

Another crucial component is the Market Analysis. This involves researching and analyzing the target market for your fitness business, including demographics, trends, and competition.

How to Structure Your Fitness Business Proposal

The structure of your fitness business proposal is crucial in ensuring that your ideas and information are presented logically and coherently. A well-structured proposal should include the following sections:

The Executive Summary: Highlighting Your Fitness Business Idea

Market analysis: identifying opportunities and target audience, competitive analysis: assessing the fitness industry landscape, unique selling proposition: differentiating your fitness business, services and offerings: outlining your fitness programs and services, pricing and revenue model: establishing a profitable fitness business, marketing and sales strategy: attracting and retaining clients, operations plan: managing day-to-day activities of your fitness business, staffing and hr: building a strong team for your fitness business, equipment and facilities: providing an optimal exercise environment, financial projections: estimating costs, expenses, and revenue, funding and investment: securing capital for your fitness business, risk management and contingency plans for your fitness business proposal, metrics for success: measuring performance and achieving goals, next steps: implementing your fitness business proposal.

Additionally, it is important to include a section on Customer Testimonials in your fitness business proposal. This will help build credibility and showcase the positive experiences of your existing clients. Including testimonials from satisfied customers can provide potential investors or partners with real-life examples of the success and impact of your fitness programs.

Furthermore, it is recommended to include a Sustainability Plan in your fitness business proposal. This section should outline your commitment to environmental sustainability and how your business will minimize its carbon footprint. This can include initiatives such as using energy-efficient equipment, implementing recycling programs, and promoting eco-friendly practices within your fitness facility.

The Executive Summary serves as the introduction to your fitness business proposal and should capture the attention of the reader instantly. This section provides a concise overview of your fitness business idea, highlighting its unique value proposition, target market, and competitive advantages. It should be engaging, compelling, and set the tone for the rest of the proposal.

In addition to capturing the reader’s attention, the Executive Summary should also provide a brief background on the fitness industry and its current trends. This will help the reader understand the context in which your business idea operates and the potential opportunities it can leverage.

Furthermore, the Executive Summary should outline the key objectives and goals of your fitness business. This includes the desired market share, revenue projections, and growth targets. By clearly articulating your business goals, you demonstrate a strategic mindset and a clear vision for the future success of your fitness venture.

A comprehensive market analysis is crucial for understanding the current state of the fitness industry, identifying opportunities, and defining your target audience. In this section, you should provide an in-depth analysis of the market size, growth potential, trends, and consumer preferences. By demonstrating a deep understanding of the market landscape, you can position your fitness business as a solution to existing challenges or unmet needs.

Furthermore, it is important to analyze the competitive landscape within the fitness industry. This involves identifying key competitors, their strengths and weaknesses, and any unique selling points they may have. By understanding the competitive landscape, you can differentiate your fitness business and develop strategies to gain a competitive advantage.

Competitive analysis is vital for evaluating the strengths and weaknesses of your competitors within the fitness industry. This section should include a detailed analysis of key competitors, their market share, pricing strategies, branding, and unique selling propositions. By studying your competition, you can identify opportunities for differentiation and develop strategies to position your fitness business as a leader in the industry.

Furthermore, conducting a competitive analysis allows you to stay updated on the latest trends and innovations in the fitness industry. By monitoring your competitors’ activities, you can gain insights into new products or services they may be offering, as well as any changes in consumer preferences or demands. This information can help you adapt your own business strategies and stay ahead of the competition.

Your unique selling proposition (USP) is what sets your fitness business apart from competitors and makes it compelling to clients. In this section, highlight the unique features, programs, or services that make your fitness business exceptional. Focus on the benefits and outcomes that customers can expect, emphasizing why they should choose your business over others in the market.

In this section, provide a detailed overview of the fitness programs, services, and offerings that your business provides. Describe each program in detail, including the target audience, duration, benefits, and any specialized equipment or techniques used. This will give potential investors or partners a clear understanding of what sets your fitness business apart and why customers will choose your services.

Your pricing and revenue model should outline how your fitness business generates income and achieves profitability. Explain your pricing structure, whether it’s membership-based, pay-per-session, or a combination of both. Additionally, provide financial projections that demonstrate the revenue potential of your business and showcase your ability to achieve sustainable growth.

Your marketing and sales strategy is crucial for attracting new clients and retaining existing ones. This section should outline your marketing plan, including online and offline strategies, advertising, social media presence, partnerships, and community engagement. Discuss how you will reach your target audience, build brand awareness, and establish a strong customer base.

The operations plan details the day-to-day activities required to run your fitness business successfully. This includes staffing, scheduling, facility management, customer service, and ongoing training and development. By demonstrating a well-thought-out operations plan, you will instill confidence in potential investors or partners that your business can run efficiently and effectively.

Your staffing and HR section should outline your approach to building a strong team that will support the success of your fitness business. Include information about the qualifications, certifications, and experience required for different roles within your organization. Showcase your plan for recruiting, training, and retaining top talent, as well as fostering a positive and supportive work culture.

In this section, provide details about the equipment and facilities your fitness business will offer. Discuss the types of equipment you will provide, their quality, and any unique features that differentiate your facility. Highlight the importance of creating an optimal exercise environment that meets the needs and preferences of your target audience, ensuring their comfort and satisfaction.

Financial projections are essential to demonstrate the financial viability of your fitness business. In this section, outline the estimated costs and expenses for starting and running your business. Include information about fixed and variable costs, such as rent, utilities, equipment, marketing, and staffing. Additionally, provide revenue projections based on pricing, projected sales volume, and growth potential.

If you’re seeking funding or investment for your fitness business, this section is crucial. Outline your funding requirements, detailing the amount of capital needed and how the funds will be allocated. Explain your plan for securing investment, whether through loans, partnerships, or equity investors. Provide a compelling case for why your fitness business is a worthwhile investment opportunity.

No business is without risks, and addressing them in your proposal shows preparedness and consideration. In this section, outline potential risks and challenges that may affect the success of your fitness business. Discuss your contingency plans and mitigation strategies to minimize these risks and ensure the long-term sustainability of your venture.

Metrics for success are essential for measuring the performance of your fitness business and tracking progress towards your goals. Identify key performance indicators (KPIs) relevant to your industry, such as membership growth, retention rates, revenue per client, or customer satisfaction metrics. Discuss how you will monitor and evaluate these metrics and adjust your strategies accordingly to achieve optimal results.

In the final section of your fitness business proposal, outline the next steps required to implement your proposal. This may include securing funding, acquiring necessary permits and licenses, setting up your facility, hiring staff, and launching your marketing and sales initiatives. Clearly communicate the timeline for each step, allowing potential investors or partners to understand the path forward and your commitment to bringing your fitness business idea to life.

By following this comprehensive fitness business proposal template, you’ll be well-equipped to create a winning proposal that inspires confidence, captures attention, and sets the foundation for a successful fitness business. Remember to tailor each section to your specific business goals, audience, and market to maximize your chances of securing investment, partnerships, or support for your fitness business venture.

So what are you waiting for? Get started on your fitness business proposal journey today and turn your fitness dreams into a reality!

Jimmy Myers Relentless Sports Performance

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example of a fitness business plan

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10+ Gym Business Plan Examples [ Fitness, Small, Student ]

Gym Business Plan

According to Statista , the health and fitness industry generates over $80 billion of revenue every year. With annual revenue that big, it shows that many people are mindful of their physical health. And that they’re willing to make room in their  budget to keep themselves in excellent shape. So if you ask us about opening a gym or physical fitness center, we’d say that it’s a profitable business. That said, if you’re planning on launching such a business, we’ll help you get started by offering our business plan examples for a gym!

10+ Gym Business Plan Examples

1. gym business plan template.

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2. Annual Gym Business Plan

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3. Fitness Business Plan Template

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4. Play Center Gym Business Plan

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5. Sports Gym Business Plan

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6. Sample Gym Business Plan

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7. Gym Business Plan in PDF

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8. Gym Working Business Plan

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9. Fitness Business Plan in PDF

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10. Simple Gym Business Plan

simple gym business plan

11. Gym Business Plan Example

gym business plan example

What Is a Gym Business Plan?

A gym start-up business plan is what you’ll need to formulate strategies and actions to open your gym facility. Its basic elements and functions are the same as those of other business plans . With the countless things that a gym business needs, such as equipment, licenses , permits, and start-up budget , it’ll be hard to prepare them without using a new gym business plan example. It serves as your guide to keep track of your gym business’s progress and status. Other than that, entities who might be interested in supporting your gym will want to see a business plan. They will want to know how feasible it is before they form a partnership with you.

How to Launch a Gym Business

There are several preparations you must do to plan for the gym you want to open. But what we’ll show you here are its four crucial foundations. They’re pretty basic, but they hold tremendous importance for your gym to be successful.

1. Formulate a Budget

Every business needs a budget; that’s the golden rule. Without a budget, a business can’t start operations. But if it does, its owner is in danger of suffering substantial financial losses. So make sure to establish enough budget to purchase your gym’s necessities. When you make your budget, try to limit the cost of opening a gym as much as you can. As a business owner, it’s essential to have a cost-effective mindset.

2. Search for a Good Location

Gyms have to be accessible. Otherwise, not many people will be able to visit them. With that in mind, make sure to find a good location for your gym. Aside from being accessible, the location must have plenty of people around it. You can choose areas with other businesses surrounding it, such as malls and business parks.

3. Purchase High-Quality Gym Equipment

Of course, you can’t call your business a gym without the proper equipment. So make sure to purchase ones with high quality. See to it that all of them are made of quality materials and are safe for the users. Your gym won’t be able to attract people if it has substandard equipment.

4. Look for Skilled and Knowledgeable Personal Training Staff

It’s hard to manage a gym all by yourself. Plus, you can’t act as a personal trainer to all of your clients. That’s a lot of responsibility to carry. For that reason, you should hire personal trainers. They can help you plan fitness regimes , plot workout schedules , and entertain clients. Hire those that have a rich fitness background and have experience in managing gym facilities. Offer them an employment contract to be with you for the long term.

How to Write a Gym Business Plan

Earlier, we’ve talked about a gym business plan and how important it is. Not just important, but also necessary. So here, we’ll show you the four steps in writing a gym business plan.

1. Describe Your Gym and Its Programs

Talk about what makes your gym unique from other ones. And explain how its training programs will help clients achieve their fitness goals . You can also provide previews and descriptions about how the facility will look and what equipment it’ll have.

2. Explain Your Marketing Strategy

A marketing plan plays a big part in putting your gym business on the map. So make sure to explain it thoroughly in your business plan. Talk about how you’ll promote your gym and what platforms you’ll use to make it popular.

3. Structure Your Gym’s Business Model

The business model is a system of how your gym will get clients, generate revenue, cover expenses, and grow. It showcases your entire gym’s operations. It would help if you had a well-structured business model so that you’ll have a clear direction on how to run your gym. And for sure, potential investors of your gym will want to know its business model.

4. Write Your Executive Summary

Most gym and fitness center business plan examples online have an executive summary . It’s the first section of a business plan, and it’s an overview of the business. So, make sure to write one for your gym business plan. It may be the first section, but it’s best to write it last. Please take note that it’s a summary. So it’s like a bird’s eye view of your business plan. If you write it last, it’ll be like writing a short recap, which is more manageable.

What are the various types of gym facilities?

These are the types of gyms that you can do business out of:

  • Training gym
  • Membership gym
  • 24-hour access gym

How can I make my gym more popular?

Here are excellent approaches to bring more people into your gym:

  • Use social media as a marketing platform
  • Organize competitions for charity, such as Crossfit games
  • Establish a referral program
  • Offer one-time free sessions, such as yoga and Zumba classes
  • Host corporate wellness activities

What are suitable names for my gym?

If you’re looking for some gym names ideas, we have some for you:

  • Strip and Gain Gym
  • Kratos Power Gym
  • Beast Mentality Gym
  • 24/7 Intensity Gym
  • Warrior’s Den Gym

Those are names that we made up ourselves. You can get inspiration from them.

You might not know it, but your gym will be a place that can change lives for the better. Fitness is key to a better and healthier life, and your gym can bring that to many people. So start moving! Make preparations for your gym business as soon as you can. And let our gym business plan templates help you.

example of a fitness business plan

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Fitness Center Business Plan Sample

MAY.11, 2016

Business Plan for a Fitness Center Business Plan

Do you want to start a Fitness Center business plan?  

Fitness has gained paramount importance in the last decade or so. More and more people have started focusing on both their mental and physical health. Some people have even started centers for people to come together and attain common goals. These are fitness centers, meditation and yoga retreats, and much more. 

The benefit of starting a business like this is that you can slowly increase its scope. And you don’t even need to have any specialized information for this. You can just get started by learning how to write a business plan for a fitness center. 

If you are thinking of starting a business in this domain, you can take help from this business plan for a fitness center. This plan is written for Goals Inc. 

The business plan that we are presenting below is for starting a business in the fitness domain. But you can also use it to develop a business plan for buying a franchise as business plans help you understand the necessary characteristics of every successful business.

Executive Summary

2.1 about the business.

The fitness business started by Paul Anne will be called Goals Inc. The main aim of the business will be to establish itself as a pioneer in sustainable healthy practices that improve day to day life of people. Another secondary aim of the business will be to introduce its branches across the US for a better and wider reach.

2.2 Management of Fitness Center

To ensure that your business is well managed and moving towards success, you need to do due diligence on your part. The best way to ensure good management is to make a plan and stick to it. Make a plan for everything in your business, even a fitness equipment business plan. In that way, you will remain informed of all the important scenarios and how to handle them adequately. 

To help you out, we are providing all the details of a fitness center in this fitness center business plan template free.

2.3 Customers of Cleaning Services Company

Though Goals Inc will welcome people from all backgrounds, the focus groups of customers will include:

  • Students/ Young Adults
  • Working People
  • Differently-abled People

2.4 Our Competitors

Knowing your competitors is as important as knowing your customers. The competitors of Goals Inc will include other gyms and fitness centers in the area. 

To gain an insight into how they are conducting the business, you should read more than one  business plan for fitness centers.                                                                                                                                                                                                                                                                                                                                                                                                                                 

2.5 Business Target

The target of our fitness center is to help people develop a healthy mentality and practices regarding their health. We also aim to expand our business across different states of the US. 

The financial targets that Goals Inc wants to achieve in the next three years are demonstrated below in this sample business plan for fitness center:

Fitness Center Business Plans - 3 Years Profit Forecast

Company Summary

3.1 company owner.

Paul Anne will be the owner and operator of Goals Inc. Paul has been an avid supporter of healthy lifestyles all his life. Therefore, after completing his MBA, he decided to join his passion and degree to start Goals Inc.

3.2 Why is Goals Inc being started?

Looking into his competitors’ working models, Paul realized that more focus was laid on achieving monetary goals than on providing good customer service.

To change this trend, Paul decided to launch his fitness center and show the world that profits can still be earned while providing impeccable customer service.

3.3 How the Fitness Center will be started

Step1: Research Everything

The key to developing a sample business plan for a fitness center is thorough research. You need to research and take down everything in your fitness center business plan including the info regarding your customers, market, competitors, and services. This will eventually help you develop a fitness studio business plan template that will persuade your investors.

Step2: Choose a Name and Register Your Business

Once you know the kind of business you want to start, you need to decide on a name. Opening a fitness center business plan comprises all the details that you will later use to register your business. 

Step3: Pick a Business Location 

You can start a business anywhere, but each location has its pros and cons. It is up to you to select the most beneficial location. As per this fitness center business plan example, Paul decided to open his fitness center in Phoenix, Arizona. 

Step4: Establish a Web Presence

Online presence is necessary for every business nowadays. It is a part of every good business plan even if it is written for pure physical services such as a business plan for an indoor sports complex . Therefore, Paul intends to establish social media profiles and a website for his business.

Step5: Market your Business 

The final step in developing a business plan and starting your business is to develop a marketing plan. You need a marketing plan for every business to advertise the business to your customers. In this blog, we will give a detailed fitness and yoga marketing plan in the later sections.

Fitness Center Business Plans - Startup Cost

Writing a business plan for a fitness center involves a lot of research and collection of information. As you develop a small fitness center business plan, you will need to hone all the details about the services you want to provide as well.

If you are looking for an accurate starting a fitness center business plan, you can take a look at this document. In this business plan template fitness center, we will guide you about all the details that can be beneficial to you.

As Paul decided to offer a variety of services when starting a fitness center business, you can take help from here and mold it according to your own needs. The services offered by Goals Inc will include:

  • Gym Facilities

The main service that will be included in this business center fitness plan sample will be related to the gym. Goals Inc will provide all the necessary equipment needed for exercise and workouts. This will include:

  • Exercise Bikes
  • Ellipticals
  • Weight Sets
  • Crunch Benches, and more.
  • Yoga Classes

Keeping in view our focus on mental health and wellness, we will offer guided yoga classes to our customers. This service can be utilized by people of different ages and expertise levels as there will be a variety of options. These classes will aim to keep people safe from injuries and mentally well.  

  • Guided Meditations

We will also be providing guided meditation sessions so that along with their physical health, our customers also have a chance of taking care of their minds. 

  • Cycling and Outdoor Activities

Goals Inc will also provide several options for outdoor activities for people who don’t like working out indoors. We will offer activities like group biking, trainer-led exercise sessions and running, etc. 

Marketing Analysis of Fitness Center 

Another important part of business plan of fitness center is the market information. If you look at different fitness club business plan examples, you will see that they all include details about their target market groups and competitors. Including this information in plans like small gym business plan helps the owners understand the strong and weak points of their company.

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If you want to develop a fitness studio business plan, you will need to do a thorough analysis of your target market. In this way, you can add details about your market in your fitness business proposal.

If you don’t know how to develop a fitness center business proposal you can take help from this document here. For a greater analysis, you should read some other fitness center business plans before delineating one for your startup.

5.1 Market Trends

According to PolicyAdvice, the global fitness industry has a market of $87 Billion. And the U.S. is one of the countries with the highest number of fitness clubs. However, there is still a huge demand for fitness centers that can provide unique and flexible options to their customers. 

5.2 Marketing Segmentation

Goals Inc will have customers from the following groups:

Fitness Center Business Plans - Marketing Segmentation

5.2.1 Parents

Our primary focus will be on the families living in the residential areas around us. The adults in these households usually need flexible options to exercise. We will target such customers to help them attain a balanced life with reduced stress. 

5.2.2 Students/ Young Adults

The secondary focus of our fitness center business model will be on the students and working young adults in the area who need to de-stress after a hard day.

5.2.3 Working People

We will also offer specialized programs and activities that can fit the lifestyle of working people. 

5.2.4 Differently Abled People

Lastly, we will offer services and activities for differently-abled people who perhaps cannot utilize the usual exercise plans. Our trainers will help them at every step to ensure that they meet their fitness goals.

5.3 Business Target

  • To develop a fitness industry business plan that will revolutionize the way people think about health and wellness. 
  • To become a reliable source of fitness help to the community.
  • To earn profits up to $25k/month by the end of the second year.

5.4 Product Pricing

Our prices will be outlined differently as compared to other sample business plans for fitness centers. We will offer different plans for different groups of our customers so that they have a good and affordable fitness option available to them.

Marketing Strategy  

Whether you are developing a bouldering gym business plan or a free fitness center business plan, you will need to highlight several advantages of your business relative to your competitors in the market. 

You can follow this fitness center business plan template where we will highlight the competitive advantages of Goals Inc. We will also describe the strategies for marketing this type of startup in this business plan for fitness. You can take an idea from this fitness center business plan pdf to develop good marketing strategies for your business. 

6.1 Competitive Analysis

  • We will offer services that prefer people over money. We will provide customized options for our clients so that they can achieve the right balance of work and relaxation in their life. 
  • We will offer activities that don’t only make our customers well physically but also mentally.
  • Our customers will be able to choose from a variety of options and plans available.

6.2 Sales Strategy

  • We will offer free trial classes whenever our customers are not sure about the kind of activities that will be best for them.
  • We will offer discounts to our long-term customers. 
  • We will offer free weekly guided meditation sessions that our customers can attend to unwind after a busy week.

6.3 Sales Monthly

Fitness Center Business Plans - Sales Monthly

6.4 Sales Yearly

Fitness Center Business Plans - Sales Yearly

6.5 Sales Forecast

Fitness Center Business Plans - Unit Sales

Personnel plan

Starting your own fitness center can seem daunting but if you plan everything, you will be equipped to deal with a lot of situations. One of the things you can plan for the smooth running of your business is to figure out the employees that you will need to run the business. To help you in making a list for your company, we are presenting one in this fitness center business plan sample.

7.1 Company Staff

According to the business plan for fitness center pdf, Goals Inc will need the following employees:

  • 6 Certified Trainers
  • 1 Technician to Upkeep Machinery
  • 1 Receptionist
  • 2 Customer Support Person

7.2 Average Salary of Employees

Financial plan.

A business plan for a fitness studio requires financial planning on your part as well. You have to balance the start up cost for a fitness center with the revenue that will be earned. Every business needs to balance these costs. For example, the cost to open a trampoline park business will be balanced by the revenue earned from its services. 

You can study different financial plans like a financial plan in the martial arts school business plan to have an understanding of the financial information you will need before you start a business.

In this business plan template for fitness center, we will be providing details about the financial viability of Goals Inc. 

8.1 Important Assumptions

8.2 break-even analysis.

Fitness Center Business Plans - Break-even Analysis

8.3 Projected Profit and Loss

8.3.1 profit monthly.

Fitness Center Business Plans - Profit Monthly

8.3.2 Profit Yearly

Fitness Center Business Plans - Profit Yearly

8.3.3 Gross Margin Monthly

Fitness Center Business Plans - Gross Margin Monthly

8.3.4 Gross Margin Yearly

Fitness Center Business Plans - Gross Margin Yearly

8.4 Projected Cash Flow

Fitness Center Business Plans - Project Cash Flow

8.5 Projected Balance Sheet

8.6 business ratios.

  • How do I write a business plan for a fitness center?

You can write a business plan for a fitness center by following this business plan fitness center pdf. 

  • Is a fitness center a good business?

Opening a fitness studio can be a great idea if you follow all the steps to make it successful.

  • How much does it cost to open a fitness studio?

Opening a fitness center cost varies according to the location and scale of the business. But you can calculate the estimates through financial analysis. 

  • How to open a boutique fitness studio?

You can open a boutique fitness studio by developing a business plan fitness center and then sticking to it.

Download Sample Business Plan for a Fitness Center in pdf

OGSCapital’s team has assisted thousands of entrepreneurs with top-rate business plan development, consultancy and analysis. They’ve helped thousands of SME owners secure more than $1.5 billion in funding, and they can do the same for you.

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Gym Business Plan Template [Updated 2024]

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Gym Business Plan

If you want to start a gym or fitness center or expand your current gym business, you need a business plan.

The following sample gym business plan gives you the key elements to include in a winning business plan for a gym.

You can download our Gym Business Plan Template (including a full, customizable financial model) to your computer here.

Gym Business Plan Example

Below are links to each of the key sections of a detailed gym business plan:

  • Executive Summary – The executive summary is a brief overview of your gym business plan, including your company’s mission statement, target market, objectives, and goals. If you are seeking potential investors, it is important to make a good first impression with this section.
  • Company Overview – The company overview provides an overview of your company, including its history, legal structure, business model, and ownership structure.
  • Industry Analysis – Conducting an industry analysis is critical to understanding the market opportunity for your gym business. This section should include a description of the industry, its size, growth potential, and key players.
  • Customer Analysis – This section of your gym business plan should describe your target customers, including their demographics, needs, and purchasing habits.

Download our Gym Business Plan Template and learn how to start a gym business plan.

  • Competitive Analysis – Conducting a competitive analysis is essential to understanding the landscape of the market you are entering. This section should include an overview of your direct and indirect competitors, their market share, and their strengths and weaknesses.
  • Marketing Plan – Your marketing plan should describe the marketing strategies you plan to use for reaching your target audience. This section should include your pricing strategy, membership fees, advertising and promotional strategies.
  • Operations Plan – In the operations plan, you should describe your fitness center, exercise equipment and fitness classes, as well as your personal trainers and their qualifications.
  • Management Team – This section of your gym business plan should describe the experience and qualifications of your management team.
  • Financial Plan – The financial plan should include your financial projections (income statement, balance sheet and cash flow statement), as well as how you plan to secure funding such as bank loans.

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Gym Business Plan Sample

gym business plan template

ProfitableVenture

Gym and Fitness Center Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business ideas » Fitness & Wellness » Gym House

Fitness and Gym Business

Are you about starting a gym or fitness center? If YES, here’s a complete sample gym or fitness center business plan template & feasibility report you can use for FREE .

Okay, so we have considered all the requirements for starting a gym/fitness center . We also took it further by analyzing and drafting a sample gym/fitness center marketing plan template backed up by actionable guerrilla marketing ideas for gym/fitness centers. So let’s proceed to the business planning section.

If you very much agree with the saying that goes ‘ health is wealth’, then you may also very well agree that one of the ways of staying healthy is by keeping fit and having a good BMI.

It is very important to not be complacent when the issue of staying fit comes to fore. This is one of the reasons why there has been the craze for fitness lately all over the globe. Those who are particular about staying fit know that it is a part of life

In the united states of America for instance; the rate at which folks get obese have continued to be an alarming thing. This is no thanks to the junk type of diet that these folks subject themselves to.

However, truth is that one can curb being obese and even totally eradicate those unwanted fats in the body by simply enrolling in a gym and eating healthy. This is one of the sole aims which those who are in the gym business try to pass across.

Starting a gym is a very interesting and profitable venture. This is because much more than wanting to help other people realize their weight goals, you also can keep and stay fit always. Below is a sample Gym business plan that you can effectively use to write yours.

A Sample Gym & Fitness Center Business Plan Template

Gym Business

1. Industry Overview

Gym business is gaining more grounds in recent times as it was in the 20th century. People are now more aware of the immeasurable benefits they stand to gain when they enroll in a gym. It is now obvious to a myriad of people that they can stay healthy, improve their lifestyle and live longer if they exercised regularly.

Statistics has it that there is a steady increase in the number of people that enroll in gyms and the fact that gym facilities is now closer to residential areas make this possible. In order words, with the increase in the number of people that enroll in gyms, comes the increase in the revenue generated by gyms.

Some people enroll in gyms not because they don’t have the money to purchase some of the basic gym equipment , but because exercising regularly requires discipline and that is part of what they stand to get when they enroll in a gym with an instructor at hand.

Loads of factors are responsible for the springing up of gyms in various locations in the United States of America; chief amongst them is the rise in the number of obese people. Being obese is a risk to one’s health, which is why obese people who thoroughly want to stay healthy and fit enroll in gyms that are close to them.

Different people visit gyms and fitness centers for various reasons. Some people register in the gym basically to shed some weight through proper exercising, whilst others go to the gym to train and increase their biceps (muscles) i.e. body building and other enroll in gym for cardio sessions et al.

Researchers, engineers, health and fitness experts are always improvising and inventing fitness equipment that can help people and gym owners achieve their aims.

Although gym equipment can be expensive, but the truth is that most of the equipment last longer if they are well utilized. Aside from the fact that they last longer, acquiring any gym equipment is an investment that is worth the while.

Starting a gym business in the United States of America is less stressful; it requires enough cash to equip the gym facility to meet the standard expected by gym users. As a matter of fact, building a swimming pool around the gym facility is one of the factors that could attract clients to enroll in gyms.

The gym industry is not going to go out of fashion anytime soon, but rather the number of people that enroll in gyms will continue to be on the increase and that of course will translate to more monies for gym owners.

2. Executive Summary

Fit as Fiddle Gym and Fitness Club is a company that is in the business of ensuring that people stay fit by exercising regularly and maintain healthy lifestyle. We are going to be located at 135 E John Carpenter 1400 Irving, Texas United States of America.

We are able to secure a standard facility along the road in the heart of the city. The facility for our gym and fitness club has a standard Olympic size swimming pool. We are going to services the whole of the community as well as visitors and travelers

Fit as Fiddle Gym and Fitness Club is going to become the number one family-focused gym and fitness in the whole of Irving, Texas, and we will work hard to build our facility to match the needs of the average family in Texas. Our gym facility has enough parking spaces to accommodate more than the numbers of customers we will accommodate per time.

Our facility will be equipped with modern technology, and we will install large TV screens close to cardiovascular equipment and treadmills, so as to help our clients stay entertained whilst they engage in their exercise.

We will work towards ensuring that we provide our clients /members with a daily program of exercise and diet that perfectly suit their lifestyle and also to help them achieve their desired results and to help them create lasting healthy habits that will last them for life.

One of our major goals of starting Fit as Fiddle Gym and Fitness Club is to encourage families in Irving, Texas, to cultivate the habit of regularly exercising and to stay healthy. Our gym facility is specifically designed and built to take care of adults and children, we have active childcare services for toddlers and we have a membership package that is highly discounted for families that enrolled in our gym.

We are quite aware that one of the reasons why some parents may not want to enroll in gyms is the reason that they may not have who to take care of their children whilst they are away in the gym.

Part of our strategies of encourage families to enroll in our gyms is to ensure that whenever these guardians come with children, their children will be well treated and entertained, so much so that they will be the ones reminding their parents to go to gym next time.

Fit as Fiddle Gym and Fitness Club will be open 24 hours in a day and seven days in a week, in order for us to be able to accommodate people with different time preference. This is why we have made provisions to recruit enough workers and to run shifts amongst our workforce. We will go out of our way to acquire standard cardiovascular and weight training equipment for our gym.

We will run a fitness club that will help members who want to lose weight to achieve their desire without little stress. We have a weight management consultant who will work with individual based on customized fitness and nutrition needs.

Fit as Fiddle Gym and Fitness Club is privately owned by the renowned health and fitness coach Arnold Quest and Family.

Arnold quest has well over 15 years of experience as a leading health and fitness coach in the United States of America. He wants to start Fit as Fiddle Gym and Fitness Club because of his desire to see families enroll in gym and exercise together.

3. Our Products and Services

Fit as Fiddles Gym and Fitness Club is in business to provide all round health and fitness services to the residence of Irving, Texas, which is why we have been able to put up a facility that can help us achieve the goal. We are optimistic that everyone who enrolled in our gym and fitness club will definitely derive huge value for their money. These are the services and amenities that will be made available to our clients;

  • Personal Training
  • Group Fitness Classes
  • Yoga Classes
  • Pilates (full body walkout)
  • Spinning Classes
  • Weight Management
  • Kinesis Station
  • Nutrition Counseling
  • Childcare / Daycare
  • Full Locker Room Services
  • Physical Therapy
  • Internet Café
  • Sports shop (sale of sportswear, towel, shampoos et al)
  • Comprehensive fitness assessment
  • Full gym membership

4. Our Mission and Vision Statement

  • Our Vision is to contribute our quota to encourage families and residence in Irving, Texas, to engage in the regular exercising of their bodies, so as to enable them stay healthy.
  • The mission of Fit as Fiddle Gym and Fitness Club is to build a world class gym and fitness club in Irving, Texas, where residents can comfortably train for health and for fitness; a place where residents can connect whilst achieving their health goals.

Our Business Structure

Fit as Fiddle Gym and Fitness Club is in business to become the leading family gym facility in the whole of Irving, Texas, and we are fully aware that it will take the right facility, management and organization – structure to achieve our goal. We will ensure that we recruit only the best hands that can help us achieve all that we are set to achieve.

Our business will not be built only for the purpose of giving our members / customers value for their money, but also we will ensure that we make our work environment highly conducive for all our employees.

We will provide them with facilities that will help them stay motivated and deliver on their various tasks and goals et al. In view of that, we have made provisions for the following positions to be occupied by highly qualified and experienced staff;

  • Gym Manager (Owner)
  • Accountant / Cashier
  • Marketing Officer
  • Exercise Physiologists
  • Trainers (5)
  • Training Assistants (10)
  • Juice bar Manager
  • Childcare Assistant

5. Job Roles and Responsibilities

Manager (Owner):

  • Responsible for providing direction for the business
  • Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
  • Responsible for fixing prices and signing business deals
  • Responsible for recruitment
  • Responsible for payment of salaries
  • Responsible for signing checks and documents on behalf of the company
  • Evaluates the success of the organization
  • Responsible for managing the daily activities in the hotel
  • Ensures that the facility is in tip top shape and conducive enough to welcome customers
  • Interfaces with vendors
  • Prepares budget and reports for the organization
  • Responsible for Training and Development in the organization
  • Handles procurement
  • Defines job positions for recruitment and managing interviewing process
  • Carries out staff induction for new team members

  Training Instructors (5)

  • Creates training rosters for members
  • Assists members during exercise session
  • Guides members on how to make use of gym and fitness equipment

Marketing Officer (2)

  • Develops, executes and evaluates new plans for expanding increase sales
  • Documents all customer contact and information.
  • Represents the company in strategic meetings
  • Helps increase sales and growth for the company
  • Manages the company’s CRM system
  • Identifies, prioritizes, and reaches out to new partners, and business opportunities et al

Juice Bar Manager:

  • Interacts with customers, take orders for drinks
  • Plans and presents bar menu.
  • Mixes ingredients to prepare cocktails and other drinks.
  • Mixes drinks, cocktails and other bar beverages as ordered and in compliance with gym’s standard drink recipes.
  • Serves fruit juice to guests.
  • Assesses customers’ needs and preferences and make recommendations
  • Makes lists of supplies in conjunction with the management
  • Prepares inventory or purchase requisitions as needed to replenish supplies.
  • Ensures that the assigned juice bar area is fully equipped with tools and products needed for mixing beverages and serving guests.

Accountant / Cashier:

  • Handles all financial transaction on behalf of the company
  • Collects payment for drinks served and balance all receipts
  • Prepares financial report at the end of every working week
  • Interfaces with our bankers
  • Responsible for payment of tax, levies and utility bills
  • Handles any other duty as assigned by the manager

  Exercise Physiologist

  • Responsible for evaluating, researching, and provide advice on coaching.
  • Responsible for training
  • Engages in recovery practices in all areas of exercise and rehabilitation
  • Provides timely information and support on injury prevention, technique analysis, and nutrition.

Cleaners (3):

  • Responsible for cleaning in and around the gym facility
  • Cleans up after customers and clean work area.
  • Clears ashtrays as and when required.
  • Washes glassware and utensils after each use.
  • Maintains a clean working area by sweeping, vacuuming, dusting, cleaning of glass doors and windows, etc. if required.
  • Ensures that toiletries and supplies don’t run out of stock
  • Handles any other duty as assigned by the restaurant manager

6. SWOT Analysis

Fit as Fiddle Gym and Fitness Club is in business to help its clients achieve their health and fitness goals and at the same time to make profit.

We are aware that there is competition in the gym and fitness industry which is why we took out time to conduct an effective SWOT Analysis, as stated in our gym and fitness center marketing plan; before investing our hard earned money.

We know that if we get things right before starting our gym and fitness club, we will not have to struggle before attracting loyal clients and building our membership base to a level where we can easily breakeven. We hired the services of Mr. Emmanuel Bright, an HR and Business consultant to help us conduct SWOT analysis for our company and he did a pretty good job for us.

Here is a of the result we got from the SWOT analysis that was conducted on behalf of Fit as Fiddle Gym and Fitness Club, Irving, Texas;

One of the obvious strength that will definitely stand as a plus for Fit as Fiddle Gym and Fitness Club is the fact that our facility is centrally located in a densely populated – residential area in Irving, Texas; our location is in fact one of our major strength.

We equally have a team of highly qualified professionals who will work with all our clients to achieve their aims or enrolling in our gym and lastly our membership package is one of the best that anybody living in Texas can get; it is cheap and affordable.

Having critically looked into our Business model , we were able to identify two major weaknesses. One is the fact that we are a new business and the second is the fact that we may not have the financial resources required to match up with existing gyms in Texas when it comes to acquiring latest gym equipment and generating the needed hypes that can drive traffic towards our facility.

  • Opportunities:

We are centrally located in one of the busiest areas in Irving, Texas, and we are open to all the available opportunities that the city has to offer. We also run a 24 hours, 7 days a week gym and fitness club; thus giving us the advantage to leverage on any available opportunity.

Some of the threats that are likely going to confront Fit as Fiddle Gym and Fitness Club is unfavorable government policies, demographic/social factors, downturn in the economy which is likely going to affect consumers spending and lastly, the emergence of new competitors within the same location where our gym and fitness club is located.

7. MARKET ANALYSIS

  • Market Trends

The trend in the gym and fitness industry is such that if a gym is well positioned in a residential area or a place where people can easily access without much stress, there is the likelihood that the gym will enjoy high patronage. Just like in other business venture, the owner of gyms and fitness clubs are always looking for ways to increase their market share; they go as far as signing deals with high schools and also offer home services.

What they do is that they offer pro bono services for a period of time, and then thereafter introduce a fee gradually and before too long they would have successfully converted some of the people that benefited from their pro bono services to loyal members.

It is common trend that as gyms grow, it becomes necessary for them to develop new service offerings or install new facilities that will help them attract more people.

Little wonder some gyms now have juice bars within their facility to encourage people towards healthy drinking. In order words, it is very important for gyms to continue to improvise if they want to grow their business and generate their target revenues.

8. Our Target Market

The target market for gyms cuts across people of different walks of life. The fact that people register in gyms and fitness clubs for various reasons makes marketing the business interesting. The target market for gym and fitness centers can be categorized into three various groups.

The first group is the people who are looking towards shedding some weight through proper exercising and under the guidance of a qualified instructor.

The other group of people are those who are interested in building their biceps (body building), and the last group of people are those who just want to enroll for cardio sessions under the watchful eyes of a qualified trainer. These sessions are a combination of light weights, treadmills and bikes.

Fit as Fiddle Gym and Fitness Club will work towards providing services, facilities and environment that will help us reach out to our target market. These are the category of people that we intend marketing our gym and fitness club to;

  • Corporate Executives
  • Business People
  • Sportsmen and Sportswomen
  • Young Couples

Our Competitive Advantage

Fit as Fiddle Gym and Fitness Club is centrally located in a densely populated – residential area in Irving, Texas; this is obviously going to give us an edge amongst our competitors.

We can confidently say that the location of our gym will definitely count as a positive for us amongst any competitor that might start a gym and fitness business in same location where ours is located. We will continue to work hard to ensure continuous improvement in our facility and service delivery. As a matter of fact, our services will be second to none in Texas.

9. SALES AND MARKETING STRATEGY

  • Sources of Income

Fit as Fiddle Gym and Fitness Club will generate income from the following service offerings;

  • Childcare/Daycare

10. Sales Forecast

It is important to state that our sales forecast is based on the data gathered during our feasibility studies and also some of the assumptions readily available on the field. It would be hard to create a sales forecast with a newly opened business like gym and fitness club. This is simply because the statistics that will be provided will be on a short term basis.

Experts said that usually a business should be in operation for at least one year before they can generate the statistics that will be need to help in accurate forecasting; statistics should be at least one year old in order to show the trends and pattern in consumer spending.

We expect to register a minimum of 1,000 active members within our fits year of operations and then in subsequent year we will grow our membership. Below are the sales projection for Fit as Fiddle Gym and Fitness Club, it is based on the location of our facility and the services and products that we will be offering to our clients (members);

  • First Year-: $200,000
  • Second Year-: $450,000
  • Third Year-: $700,000

N.B : This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major competitor offering same additional services as we do within 4.5 miles radius from our gym facility.

  • Marketing Strategy and Sales Strategy

Our marketing strategies will be directed towards achieving specific objectives that support the strategic goals of the organization.

The truth is that all that we do will be geared towards creating new market channels, increasing sales and increase our market share. We will leverage on improving on our services and facility to ensure that we win new clients and retain old members.

At Fit as Fiddle Gym and Fitness Club, our marketing strategies will be consistent throughout the marketing mix and we will take into consideration product improvement, promotion, and price. As part of our sales and marketing strategies, we will pay attention to the promotion of our gym so as to attract people to enroll and become members of our gym.

Our unique selling proposition is that we are well positioned and people can easily access our facility, our prices are affordable and we have a complete package for families. Parts of the marketing and sales strategies that we will adopt are;

  • Open our gym and fitness club with a big party in the neighborhood.
  • Advertise our gym and fitness club on national dailies, local TV stations and local radio station
  • Promote our gym and fitness club online via our official website and all available social media platforms
  • Continuously Improve the performance of our brands
  • Hire the services of experts to make our brands the first choice for people in Irving, Texas
  • Deliver consistent customer experiences to all our members; making our first impression count positively to those making use of our gym facility for the first time
  • Make use of attractive hand bills to create awareness and also to give direction to our gym and fitness club
  • Adopt direct mailing coupon marketing approach
  • Position our signage / flexi banners at strategic places
  • Create a loyalty plan that will enable us reward our consistent members especially those that registered as a family.
  • Engage on road shows within our neighborhood to create awareness for our gym and fitness club.

11. Publicity and Advertising Strategy

Fit as Fiddle Gym and Fitness Club is in Irving for serious business, which is why we have identified key platforms that will enable us achieve our goal of promoting and advertising our business so as to attract the crop of people that we designed our business for.

We have been able to enter into alliance with key stakeholders in Irving, Texas to help us use their good will to promote our business.

We will ensure that we leverage on all conventional and non – conventional publicity and advertising technique to promote our gym and fitness club. Here are the platforms we intend leveraging on to promote and advertise Sean and Sharon Hotel, Las Vegas;

  • Encourage our loyal members to help us use Word of Mouth mode of advertisement (referrals)
  • Advertise our gym and fitness club in sports magazines, local newspaper, local TV stations and local radio station
  • Promote our gym and fitness club online via our official website
  • List our gym and fitness club on local directories (yellow pages)
  • Sponsor relevant community sport events
  • Leverage on the internet and social media platforms like; Instagram, Facebook , twitter, et al to promote our brand
  • Install our Bill Boards on strategic locations
  • Direct coupon mailing approach to introduce our gym and fitness club to residence
  • Engage in road show from time to time to create awareness of our gym and fitness club in the residential areas around our facility
  • Distribute our fliers and handbills in target areas

12. Our Pricing Strategy

Our pricing system is going to be based on what is obtainable in the industry, we don’t intend to charge more (except for premium and customized services) and we don’t intend to charge less than what our competitors charge their members in Irving, TX.

Be that as it may, we have put plans in place to offer discount services once in a while and also to reward our loyal customers especially when they refer clients to us or when they register as a family. The prices of our services will be same as what is obtainable in the United States’ open market.

  • Payment Options

Our payment policy is all inclusive because we are quite aware that different people prefer different payment options as it suits them. Here are the payment options that will be available to clients who want to make payment / register for our gym program;

  • Payment by cash
  • Payment by check
  • Payment via Point of Sale (POS) Machine
  • Payment via online bank transfer (online payment portal)
  • Payment via Mobile money

In view of the above, we have chosen banking platforms that will help us achieve our payment plans without any difficulty. These are the types of exercise equipment that we will make available in our gym and fitness center;

  • Resistance bands
  • Weight machines
  • Flexion machines
  • Pull-up bars
  • Weight training
  • Elliptical trainer
  • Street Strider (elliptical cross trainer on wheels)
  • Exercise machine
  • Kettle bell
  • Fitness (biology)
  • Hojo undō
  • Pull-up bar
  • Medicine balls
  • Boxing Gear
  • Gym flooring
  • Cable Attachments
  • Weight plates
  • Wearable items as proper footgear, gloves, and hydration packs.
  • Filing Cabinets
  • Notice board
  • Employee Uniform

13. Startup Expenditure (Budget)

This is the key areas where we will spend our start – up capital on;

  • The Total Fee for Registering the Business in Irving, Texas: $750.
  • Legal expenses for obtaining licenses and permits: $1,500.
  • Marketing promotion expenses (8,000 flyers at $0.04 per copy) for the total amount of $10,000.
  • Cost for hiring Consultant – $5,000.
  • Insurance (general liability, workers’ compensation and property casualty) coverage at a total premium – $30,800.
  • Cost of accounting software, CRM software and Payroll Software – $3,000
  • Cost for leasing facility for the gym: $80,000.
  • Cost for facility remodeling – $50,000.
  • Other start-up expenses including stationery – $1000
  • Phone and utility deposits – $3,500
  • Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $40,000
  • The cost for Start-up inventory – $15,000
  • Storage hardware (bins, utensil rack, shelves, glasses et al) – $1,720
  • Cost for acquiring gym equipment – $200,000
  • The cost for the purchase of furniture and gadgets (Computers, Printers, Telephone, TVs, Sound System, tables and chairs et al): $4,000.
  • The cost of Launching a Website: $600
  • The cost for our grand opening party: $1,500
  • Miscellaneous: $5,000

We would need an estimate of $3.6 million to successfully launch our gym and fitness club in Irwin, Texas. It is important to state that the testing and evaluating expenses would be high because of the large amount of equipment needed to start up a gym and also the sophistication of the technology used in gyms. Also, the supplies would cost a bit more because of the regular demand for it.

Generating Funding/Startup Capital for Fit as Fiddle Gym and Fitness Club

Fit as Fiddle Gym and Fitness Club is a family business and it will be financed by the owner who is also the gym manager. These are the areas where we intend sourcing for fund for Fit as Fiddle Gym and Fitness Club;

  • Generate part of the start – up capital from personal savings and sale of his stocks
  • Generate part of the start – up capital from family members and friends (soft loans and gifts et al)
  • Generate a larger chunk of the startup capital from the banks (loan facility).

14. Sustainability and Expansion Strategy

We are in business to make profits and to build a popular gym and fitness brand in Irvin, Texas, hence we must do all it takes to grow the business and to ensure that the business survives generation after generation.

Part of the plans we have put in place to sustain our business is to ensure that we continue to deliver quality services, acquire latest gym and fitness equipment and improvise on better and cheaper packages four members and intended members.

Our workers will sure continue to enjoy working with us because we will deliberately make it our work environment very conducive and accommodating.

Furthermore, we are quite aware that our customers are key components to the growth and survival of our business hence we are going to continuously engage them to give us ideas on how to serve them better. We will not waste time in diversifying our services; expand our product and service offerings once the need arises.

Check List / Milestone

  • Business Name Availability Check:>Completed
  • Business Registration: Completed
  • Opening of Corporate Bank Accounts: Completed
  • Securing Point of Sales (POS) Machines: Completed
  • Opening Mobile Money Accounts: Completed
  • Opening Online Payment Platforms: Completed
  • Application and Obtaining Tax Payer’s ID: In Progress
  • Application for business license and permit: Completed
  • Purchase of Insurance for the Business: Completed
  • Acquiring facility and remodeling the facility: In Progress
  • Conducting Feasibility Studies: Completed
  • Generating capital from family members: Completed
  • Applications for Loan from the bank: In Progress
  • writing of business plan: Completed
  • Drafting of Employee’s Handbook: Completed
  • Drafting of Contract Documents and other relevant Legal Documents: In Progress
  • Design of The Company’s Logo: Completed
  • Graphic Designs and Printing of Packaging Marketing / Promotional Materials: In Progress
  • Recruitment of employees: In Progress
  • Purchase of the Needed gym and fitness equipment , electronic appliances, office appliances and suppliers: In progress
  • Creating Official Website for the Company: Completed
  • Creating Awareness for the business both online and in the neighborhood: In Progress
  • Health and Safety and Fire Safety Arrangement (License): Secured
  • Opening party / launching party planning: In Progress

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SharpSheets

Kickboxing Gym Business Plan PDF Example

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  • February 14, 2024
  • Business Plan

the business plan template for a kickboxing gym

Creating a comprehensive business plan is important for launching and running a successful kickboxing gym. This plan serves as your roadmap, detailing your vision, operational strategies, and financial forecasts. It helps establish your gym’s identity, navigate the competitive market, and secure essential resources for growth.

This article not only breaks down the critical components of a gym business plan, but also provides an example of a business plan to help you craft your own.

Whether you’re an experienced entrepreneur or new to the fitness industry, we wrote this guide along with an PDF business plan to use as an example to help you prepare a professional business plan for your kickboxing gym . Let’s dive in!

Our kickboxing gym business plan follows a clear and straightforward structure, covering all the important areas you need in a business plan. It outlines the business operations, its strategy, the market landscape, your key competitors, the management and your financial projections among other things.

Below are the key sections of our business plan:

  • Executive Summary : a quick look at your kickboxing gym’s business, market landscape, management and financial plan.
  • Facility, Amenities & Equipment : what your kickboxing gym looks like, what equipment it has, and its features.
  • Location & Accessibility : where your kickboxing gym is and why it’s a good location for potential customers.
  • Memberships & Classes : types of memberships and classes available (as well as prices)
  • Key Stats : the industry size, growth and some recent important statistics on the kickboxing industry.
  • Key Trends : the recent market trends defining and driving the kickboxing and/or the martial arts industry as a whole (regulation, customers trends, etc.)
  • Key Competitors : who are your key competitors in the area and how they compare vs. your business.
  • SWOT : strengths, weaknesses, opportunities, and threats.
  • Marketing Plan : how you intend to attract and retain members / customers.
  • Timeline : major steps and goals from starting up to growth (12 months minimum plan)
  • Management : who runs the kickboxing gym and what they do.
  • Financial Plan : the expected 5-year financial performance of your kickboxing gym (revenue and profits), as well as how much you expect to spend.

the business plan template for a kickboxing gym

Kickboxing Gym Business Plan

Download an expert-built 30+ slides Powerpoint business plan template

Executive Summary

The Executive Summary introduces your kickboxing gym’s business plan, offering a brief look at your gym and what it offers. It should cover your positioning, the type of classes and memberships you offer, its location, size and a summary of operations.

This section should also highlight how your kickboxing gym fits into the broader immediate market (in the area), how many direct competitors you have and who they are, as well as your unique selling points.

Finally, you should also include here details on the management and co-founding team (who they are and what they do), as well as a summary of your financial projections (5-year revenue and profits are enough).

Make sure to cover here _ Business Overview _ Market Overview _ Management Team _ Financial Plan

Business plan exec summary

Dive deeper into Executive Summary

Business Overview

For a Kickboxing Gym, the Business Overview section should concisely cover three main points:

Facility, Amenities & Equipment : Describe the layout and features of your gym, focusing on the quality and variety of kickboxing equipment, such as heavy bags, speed bags, and mats. Highlight any additional facilities that contribute to a comprehensive training experience, like locker rooms or areas for stretching and conditioning.

Location & Accessibility : Discuss the strategic placement of your gym, emphasizing how its location is convenient for members, with easy access via major roads or public transportation. Mention any location advantages, like being close to community centers or business districts, which can attract a steady flow of members.

Memberships & Classes : Detail the types of classes and membership options available, from beginner to advanced levels. Highlight the flexibility in scheduling, the variety of kickboxing and fitness classes offered, and any unique programs that distinguish your gym from competitors, ensuring it caters to a wide audience.

Make sure to cover here _ Facility, Amenities & Equipment _ Location & Accessibility _ Memberships & Classes

example of a fitness business plan

Market Overview

In the Market Overview of your kickboxing gym business plan, start by discussing the size of the kickboxing market and its potential for growth. This overview helps to gauge the market’s capacity and the gym’s growth opportunities.

Then, move on to recent market trends, such as the growing interest in martial arts-based fitness programs and kickboxing’s popularity for its comprehensive health benefits, including cardiovascular health, strength, flexibility, and stress reduction. For example, note the increasing appeal of kickboxing among those seeking dynamic, high-energy workouts that offer both physical and mental health benefits.

Lastly, address the competitive landscape, which includes other kickboxing gyms, mixed martial arts centers, and conventional fitness gyms that offer kickboxing classes. For example, highlight what sets your gym apart, such as specialized programs for different skill levels, experienced instructors, or a welcoming community atmosphere. This section will map out the demand for kickboxing, identify key competitors, and define your gym’s unique value proposition in the market.

Make sure to cover here _ Industry size & growth _ Key competitors _ Key market trends

business plan kickboxing market overview

Dive deeper into Key competitors

First, perform a SWOT analysis for the kickboxing gym, pinpointing Strengths (such as specialized trainers and a comprehensive range of classes), Weaknesses (like substantial startup and ongoing costs or heavy competition), Opportunities (for example, an escalating interest in martial arts and self-defense), and Threats (such as economic shifts that could reduce consumer spending).

Next, formulate a marketing strategy detailing approaches to draw and keep members through targeted advertising, enticing offers, dynamic social media campaigns, and engagement in local community events.

Finally, establish a detailed timeline identifying key milestones for the kickboxing gym’s launch, promotional activities, growth in membership, and objectives for expansion, ensuring the business progresses with focused goals and strategy.

Make sure to cover here _ SWOT _ Marketing Plan _ Timeline

business plan kickboxing strategy

Dive deeper into SWOT

Dive deeper into Marketing Plan

The Management section focuses on the gym’s management and their direct roles in daily operations and strategic direction. This part is crucial for understanding who is responsible for making key decisions and driving the gym towards its financial and operational goals.

For your Kickboxing Gym business plan, list the core team members, their specific responsibilities, and how their expertise supports the gym’s mission.

business plan kickboxing management

Financial Plan

The Financial Plan section is a comprehensive analysis of the Kickboxing Gym’s financial plan, including projections for revenue, expenses, and profitability. It lays out the gym’s approach to securing funding, managing cash flow, and achieving breakeven.

This section typically includes detailed forecasts for the first 5 years of operation, highlighting expected revenue, operating costs and capital expenditures.

For your gym business plan, provide a snapshot of your financial statement (profit and loss, balance sheet, cash flow statement), as well as your key assumptions (e.g. pricing strategies for memberships and services, etc.).

Make sure to cover here _ Profit and Loss _ Cash Flow Statement _ Balance Sheet _ Use of Funds

business plan kickboxing financial plan

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Fitness Equipment Business Plan

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Circuit Fitness Importing

Executive summary executive summary is a brief introduction to your business plan. it describes your business, the problem that it solves, your target market, and financial highlights.">.

Circuit Fitness Importing is a start-up business that has been formed as an Oregon registered LLC. The company has been formed to become the exclusive importer of the Wega Corporation’s innovative Esercitazione Diritta (Exercise Standing) fitness equipment. Circuit Fitness Importing is poised to receive the exclusive license to sell this patented equipment, already very popular in Europe, in the U.S.A.

The Market The American fitness market, a smaller subset of the sporting goods industry has sales of $5.8 billion. The last 10 years has seen significant spikes in membership and usage of this equipment. Americans, on a societal level are beginning to realize that their unhealthy eating habits and lack of physical activity can have a profound impact on their lives. Consequently, fitness participation is booming. Circuit Fitness Importing has identified three customer segments that are particularly attractive:

  • Distributors– This distribution layer accounts for 60% of the sales of fitness equipment. These sales occur primarily to independent fitness clubs.
  • Health Clubs– This is another huge customer segment that is expected to have $565 million in sales for Year 1.
  • Vertical Markets– These non-fitness industry facilities have over 30,000 facilities.

The Product Esercitazione Diritta, Wega Corporation’s flagship fitness equipment is a patented technology applicable to strength fitness equipment. All other strength fitness equipment manufacturers have users placed in a seated position when performing the exercises. Esercitazione Diritta, instead, has the user stand. This is advantageous for several reasons. First, this strengthens lower body muscles that hold the body upright. It also strengthens central motor skills needed to maintain an upright position relative to the offsetting forces generated from the weight lifting. Esercitazione Diritta is protected patented technology which provides Circuit Fitness Importing a competitive edge. Additionally, Esercitazione Diritta is built on casters allowing the units to be moved as necessary.

Management Circuit Fitness Importing will be led by Max Peruggio. Max has achieved numerous accomplishments that will provide him with the necessary skill set to execute on this well researched business model:

  • Project manager for civilian and military projects in excess of $100 million.
  • Accomplished sales manager, boosting sales of a design firm 10-fold in two years.
  • Fluent in Italian and English.
  • Successful importer of Italian goods into the U.S.A.

The combination of a exceptional products, the exclusive license to import the patented technology and an experienced sales and project manager will allow Circuit Fitness Importing to quickly gain market share. Revenue for years two and three have been forecasted to reach $1.0 million and $1.2 million respectively. For the same years net profit will be 6.0% and 6.98%.

Fitness equipment business plan, executive summary chart image

1.1 Mission

Circuit Fitness Importing’s mission is to offer the finest, most innovative fitness equipment to the U.S.A. market. Circuit Fitness Importing will ensure all of their customer’s expectations are exceeded. By only offering the highest quality product with premium support, Circuit Fitness Importing will become the premier fitness equipment importer.

1.2 Keys to Success

  • Provide value to customers with the best, most innovative product.
  • Develop strong relationships with distributors, anticipating their needs.
  • Employ strict financial controls to ensure profitability.

1.3 Objectives

  • To become the sole U.S. importer of the revolutionary new Esercitazione Diritta exercise system.
  • To generate revenue of $1 million within two years.
  • Achieve profitability within the first year.

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Company summary company overview ) is an overview of the most important points about your company—your history, management team, location, mission statement and legal structure.">.

Circuit Fitness Importing has been formed as an Oregon LLC with the express purpose of importing the finest fitness equipment from Italy into the U.S. The company was founded by Max Peruggio in January of this year.

2.1 Start-up Summary

Circuit Fitness Importing is in the process of opening an office in anticipation of receiving an exclusive importing contract from Wega regarding their innovative Esercitazione Diritta exercise equipment. The office is located in Portland and requires the following equipment and service provider expenses:

  • Three computer workstations with the following equipment:
  • three Microsoft Office licenses
  • broadband Internet connection
  • two laser printers
  • Peachtree Accounting
  • Fax machine
  • Three sets of office furniture
  • Large desk and chairs for meeting room
  • Two line phone system
  • Mobile phone
  • Attorney fees for contract generation and LLC formation
  • Accountant fees for accounting system set up
  • Website development set up fees
  • Brochure creation and printing

Fitness equipment business plan, company summary chart image

2.2 Company Ownership

Max Peruggio is the sole owner of Circuit Fitness Importing. To finance operations, Max has invested $40,000 in the business, and has received money from friends and family as well as taken on bank debt.

Esercitazione Diritta is a new and unique type of strength training fitness equipment. Unlike all other strength fitness equipment where you sit when you are doing your exercise, Esercitazione Diritta (Exercise Standing), as the name implies, has the user stand. Standing while doing exercises has many advantages.

  • Develops a proper equilibrium with the central nervous system. This is accomplished because in addition to the user having to develop force to move the specific weight exercise, a standing posture must be maintained while exerting the force.
  • In addition to working the specific muscle group, the lower body is being strengthened by having to use muscles to stand.
  • Esercitazione Diritta replicates natural movements which are made throughout our daily life. 
  • Forcing the user to stand to perform the strength exercise enters the component of cardio into the workout.

All of the Esercitazione Diritta machines are commercial quality, crafted in Italy of the highest grade steels. In addition to being made to handle constant use, they have casters, allowing them to be easily moved anywhere in the club. Esercitazione Diritta has machines for a wide variety of body zones and muscle groups including:

  • chest press– offers a choice of vertical or horizontal hand positions while the user performs forward extensions.
  • tractions– the handgrips of the station are brought down to shoulder height just in front of the shoulders.
  • shoulders– vertical lifts.
  • legs– distances may vary between the feet. This station can perform squats, abductions, kicking motions and flexions of the hip.
  • gluteus– while resting on the elbows and the arms, the user places the instep of one foot on the bar and pushes backwards.
  • rowing– all of the muscles in the upper back are testing while avoiding the overloading that is is often associated with free movement.
  • triceps– a variety of hand positions are possible to find the most natural movement.
  • arm curl– arm muscles flex upwards while the legs are positioned one in front of the other.

Esercitazione Diritta is organized into a circuit of machines. Within a 45 minute period, a user can efficiently and effectively use all of the machines in a circuit for a complete workout.

Wega has received multiple international patents on their unique Esercitazione Diritta system of standing while performing strength exercise. Esercitazione Diritta is currently distributed in Europe and the manufacturer is interested in distribution into the U.S. fitness market. Wega has requested a importation proposal in the form of a business plan to choose a sole U.S. distributor.

Max Peruggio, founder of Circuit Fitness Importing has been requested by Wega to submit a proposal for the creation of an exclusive U.S. importer of Esercitazione Diritta. Because of Max’s Italian heritage, language skills, and past importation experience Wega is very interested in working with Max and Circuit Fitness Importing. It sounds as if the “proposal,” this business plan is a mere formality due to the good match of Max’s skills and Wega’s need for an importer. 

Market Analysis Summary how to do a market analysis for your business plan.">

Circuit Fitness Importing has identified three distinct customer segments that will be targeted for sale of the fitness equipment:

  • Distributors
  • Fitness Clubs
  • Vertical Markets

The following section provides detail regarding each respective segment as well as background information regarding the industry, a large growing industry. The competition that Circuit Fitness faces is also provided.

4.1 Market Segmentation

Fitness equipment is distributed in the U.S. through distributors or direct from the manufacturer/importer. The majority of sales are done through distributors. Distributors typically carry one (sometimes a couple of) vendor for each type of equipment (strength, cardiovascular, etc.) and this explains the large number of distributors in the U.S. Manufacturers will typically provide an exclusive geographic area for each distributor to sell the products.

Large corporations (whether fitness clubs, franchises, corporations, etc.) that have significant buying power are often able to sidestep the distributor layer of the distribution channel by buying direct from the manufacturer. This means that Circuit Fitness Importing will have distributors as well as end consumers as target customers.

Distributors As previously mentioned, distributors sell the bulk of fitness equipment. Data is sparse regarding distributors because the various industry associations (the primary association being IHRSA [International Health, Racquet and Sports club Association]) serve manufacturers more than distributors. The key information is that 60% of the fitness club market is composed of independent clubs, all of which purchase their equipment through distributors. The remaining 40% is composed of chains, franchises, etc., some of which purchase from distributors, some of which exert their superior buying power and purchase direct from the manufacturers.

Health Clubs Health clubs are the second largest market of fitness equipment behind home fitness equipment (of a lower grade and price point relative to commercial equipment). The 1990s saw a significant increase in health club membership, 76% or 30.6 million people from 1997 to 1999.

In addition to significant increases in membership, health clubs have seen a shift in their customer demographics.

The demographic shifts are significant. Fitness clubs were once populated primarily by 18-34 year olds who were interested in body building. As Americans have made a paradigm shift they are now making the cognitive connection of fitness and health. Consequently, there is far greater cross section of the population having fitness club memberships. This is evidenced by the huge increase in club membership for over 55 year olds who are intuitively more interested in overall health than just fitness and strength. Additional demographics includes:

  • Active, fitness oriented people are more concentrated in urban areas.
  • 22% of club members are considered enthusiasts, evidenced by exercising 50 days a year at home, 96 days at a club.
  • In metropolitan areas, 16% of the people exercise at clubs versus 23% at home.
  • 5% of the club market is female-only facilities.

Sales of fitness equipment to clubs in 1998 was approximately $445 million. The projected figure for 2003 is $565 million, representing a 21% increase. The typical useable life of the fitness equipment in a fitness club (variances include maintenance, initial quality, and use) is 7 years.

Vertical Markets Another market that will be attractive to Circuit Fitness Importing is the vertical market which includes non-health club environments such as hotels, hospitals, apartment complexes, corporations, universities, and senior citizen centers. This relatively new market is growing fast as consumers are increasingly valuing convenient access to exercise facilities.

  • 6,000 hotel fitness centers
  • 68% of luxury hotels have fitness facilities
  • Business travelers often use the existence of a fitness center as one of the key variables for hotel selection

Senior Living and Apartment Complexes

  • 8,500 fitness centers within the complexes
  • Proof of the shifting demographic to an older crowd using fitness equipment

Corporate Wellness

As a cost saving measure and a source of employee fringe benefits, corporations have been installing fitness centers within their offices. In a recently published study in the Journal of Occupational and Environmental Health, workers who participated in Xerox’s health-risk appraisal program which included active participation with the company’s fitness facilities, there was a 37% reduction in worker compensation claims and a 31% decrease in costs per injury. This provided Xerox over a two-year period with a 5 to 1 return on investment (ROI).

For Johnson & Johnson who studied the impact of a large-scale corporate health and wellness program, employees who participated within the program each saved the company $225 annually. The savings were generated from reduced hospital admissions, mental health visits and outpatient service. The bulk of the savings occurred between years three and four. When Johnson & Johnson evaluated medical expenditures for five years before the program and four years after the start of the program, the company saved $8.5 million annually. Both the Xerox and Johnson & Johnson studies provide solid quantifiable evidence that corporate wellness programs can have significant financial gains for the company.

  • There are 4,000 corporate wellness fitness centers in the U.S.
  • On average companies realize a 20% reduction in health care costs by implementing a corporate fitness and wellness program.
  • The actual increase in productivity is in the process of being measured but will provide even greater data supporting corporate wellness and fitness centers.

Hospital Fitness Centers

  • In 1997 there was 1,219 hospitals with fitness centers, ranging in size from 1,500 – 8,500 square meters

Other Non-health Club Markets

  • 10,500 additional facilities, including airports, country clubs, and shopping malls

Fitness equipment business plan, market analysis summary chart image

4.2 Target Market Segment Strategy

Circuit Fitness Importing has chosen the three enumerated market segments for several reasons:

  • Distributors – this is the network of companies that sells the bulk of fitness equipment to health clubs in the U.S. Specifically 60% of the health clubs make their equipment purchases through the distributor network.
  • Health Clubs – the larger health clubs, because of their size and superior buying power are able to eliminate the distributor layer of the distribution channel and purchase equipment directly from the manufacturer. While the distributors are unhappy about this, there is little leverage that they can attempt to apply to the manufacturers because of the sheer size advantage that the larger clubs have.
  • Vertical Markets – these markets, by virtue of the fact that they are outside the traditional industry of fitness equipment, and also because of some of the companies’ size, are able to buy direct from the importer or manufacturer. While these companies within the vertical market are more difficult and widespread in terms of identifying and contacting, they will still be a good source of sales.

4.3 Industry Analysis

The American fitness market is valued at $5.8 billion. While the industry is valued and tracked as a stand alone industry, it is generally considered part of the larger sporting goods market. In 2000, the fitness market grew at a 6% annual rate, almost twice the rate of the sporting goods market.

One trend that has been a significant driver in the growth of the fitness industry is the increasing recognition of the relationship between health and fitness. The societal epidemic of obesity has driven people to fitness clubs in an effort to take control of their health (weight, well being). This has helped Americans value the importance of fitness as it relates to their health. Looking good is no longer more important than feeling good and having a healthier and happier lifestyle. This is important because it provides a far larger foundation of customers with a more intuitive appeal toward fitness. Additionally, Baby Boomers (the post war bulge in population, people born between 1946-1964) have become more committed to exercise and fitness. This is fueled by their recent increases in disposable income as well as the perceived threat of not being able to enjoy their later years because of a decline in health.

The fitness industry is currently witnessing two significant trends. The first trend is the desire for equipment that is able to target specific body parts. Americans are also increasingly aware of the decrease of free time they have. Consequently, people are looking for machines that provide the greatest fitness benefit in the least amount of time.

Another trend the industry is experiencing is the accessibility of fitness equipment in nontraditional venues. In the 1990s fitness equipment was available primarily to people through fitness club membership. Beginning in the late 1990s and 2000, the industry has seen a trend of accessibility of fitness equipment in vertical markets which encompasses hotels, hospitals/rehabilitation centers, apartment complexes, corporate wellness facilities, and universities.

4.3.1 Competition and Buying Patterns

Circuit Fitness Importing faces competition from several large sources. The sources take the form of other fitness equipment manufacturers and importers. Circuit Fitness Importing is lumping both the manufacturers and importers together because they are often the same company or a subsidiary. In the case when they are a separate company, importers only import a specific brand of equipment so it is really a manufacturing brand versus a manufacturing brand.

  • Precor – this is one of the largest manufacturers of fitness equipment. Precor makes both home fitness equipment as well as commercial grade equipment for fitness clubs. Precor manufactures both strength equipment as well as cardiovascular equipment.
  • Paramount – this is a large manufacturer of both strength and cardiovascular equipment. Paramount however, only sells commercial grade equipment, they do not sell home units.
  • Cybex – this is a large equipment manufacturer that sells a variety of light-commercial equipment. The light-commercial equipment is a mid-price point, higher quality and price than the home fitness equipment but not as expensive as commercial equipment. Light-commercial typically finds placement in vertical market customers where there equipment is not being used 24 hours a day, and therefore the units can be scaled back a bit in terms of quality and still remain functional for the industry average of seven years.

Strategy and Implementation Summary

Circuit Fitness Importing will leverage their competitive edge of intelectual property (IP) (actually a license to use the IP) that takes the form of a patent in the innovative Esercitazione Diritta approach to strength training. The marketing strategy will have an emphasis on the development of the customer network and relationships. Lastly, the sales strategy will be the work on moving the fitness units into a variety of different facilities through the emphasis of an efficient, innovative workout.

The first step that Circuit Fitness Importing must accomplish to prepare itself for the implementation of the marketing and sales strategy will be the development of a support infrastructure. The costs of importing which include shipping, duties and tariffs, warehousing, and distribution will be captured and detailed as a direct costs of goods founding the sales forecast. The following areas will need to be addressed:

  • Import and logistics– the units will be manufactured in Italy and shipped via ocean freight on pallets in containers to the U.S. using the Port of Portland as the port of entry.
  • The units will then be warehoused until they are sold.
  • Distribution once the units are sold and need to be delivered.
  • Customer service– as the sole importer Circuit Fitness Importing will offer customer service for the equipment.
  • Repair– this function will be outsourced because of the geographic dispersion of all the different machines throughout the U.S. and will be recognized as a percentage in the direct cost of goods.
  • Training– Circuit Fitness Importing will offer many different seminars that are designed to train the distributors or large individual users on the proper and most efficient use of the fitness equipment.

5.1 Competitive Edge

Circuit Fitness Importing’s competitive edge is their ability to license and use Wega’s intelectual property which takes the form of  numerous international patents for Esercitazione Diritta. Esercitazione Diritta is innovative in the sense that it is the only equipment that allows the user to stand while performing strength exercises. This is of significant advantage for several reasons:

  • Esercitazione Diritta provides a lower body workout for the user while they are performing a specific upper or lower body workout. While the workout of the legs is not as strong as the other specific workout the individual is performing at the same time, it none the less is a set of exercises that develop leg muscle tone.
  • Esercitazione Diritta strengthens and tests the central nervous systems equilibrium which is a series of interrelated systems used to ensure balance when the person is standing. This is very good for motor skill development.
  • Esercitazione Diritta’s exercise simulate natural movements that individuals do repletively throughout the day.

This ground breaking technology will provide significant differentiation for Esercitazione Diritta and assist them in their U.S.A. market penetration. 

5.2 Marketing Strategy

The marketing strategy will consist of the following activities designed to develop a network of customer relationships:

  • Focus groups with high-end fitness centers
  • Private presentations to distributors
  • Private showings to high-end fitness centers
  • Meetings and presentations with personal trainers (e.g. New York City Personal Trainer Association) physical therapists, and sports medicine physicians and other specialists
  • Tradeshows, with regional and national attendance
  • Mailings and direct calling

5.3 Sales Strategy

The sales strategy will initially be based on the goal of trying to get large clubs to adopt Esercitazione Diritta equipment. This is quite attractive to Circuit Fitness Importing for a couple of reasons:

  •  A large fitness club will have many different outlets so a contract with one fitness company will yield multi-location sales. This is good for sales volume.
  • The adoption of a large fitness company brings legitimacy of Esercitazione Diritta in the U.S. market.

Circuit Fitness Importing will also work on sales to distributors. Distributors are useful because Circuit Fitness Importing is able to leverage the distributor’s sales efforts for increased sales. This comes at a slightly smaller margin for the distributor customers. In all of the sales efforts, Circuit Fitness Importing will emphasize the innovative patented technology that is a part of the Esercitazione Diritta equipment that no other manufacturer can claim to offer.

5.3.1 Sales Forecast

The sales forecast has been developed as a means for predicting and tracking sales. The direct costs of goods reflects the following components that have been converted into a percentage of sales:

  • cost of the actual equipment
  • warehouse costs
  • handling and receiving of the pallet
  • storage fees
  • handling and shipping
  • US government taxes
  • merchandise process fee
  • harbor maintenance fee
  • custom & clearance

Fitness equipment business plan, strategy and implementation summary chart image

5.4 Milestones

Circuit Fitness Importing has adopted a series of milestone as goals for the organization. Different sections within the company are responsible for different milestones. The following table provides detailed information about the milestones.

Fitness equipment business plan, strategy and implementation summary chart image

Web Plan Summary

A website will be developed as a sales and marketing tool for the Esercitazione Diritta products. While the parent company has a nice Flash-based website that provides a general overview of the technology, the site is geared more toward individual consumers (fitness users). Circuit Fitness Importing will be developing a website that is more technical in nature with the target audience being distributors or the procurement department of a large fitness club. The expense of the website has been listed as a start-up expense.

6.1 Website Marketing Strategy

The marketing of the website will be primarily based on inclusion of the URL in all printed material. Because the audience of Esercitazione Diritta equipment is fairly specialized, the most efficient means for marketing the site will be working specifically with the intended customers and pointing them to the site. Circuit Fitness Importing will submit the website to the various search engines.

6.2 Development Requirements

A Computer Science Student at Portland State University will be used for the design and development of the site.

Management Summary management summary will include information about who's on your team and why they're the right people for the job, as well as your future hiring plans.">

Circuit Fitness Importing will be led by Max Peruggio. Max was born in Milan, Italy and received the equivalent of a U.S. law degree as an undergraduate education. Max’s career began early when he began to work for a design firm called Cootorcoli. At the age of 19, Max joined the firm and within two years was promoted to the head of sales. In this position Max increased sales from $1.5 million to $17 million. After this position Max moved onto project manager positions for numerous Italian civilian and military companies including being responsible for the following projects:

  • Azzura III & IV– the first kevlar hulled boat to compete in Sailing’s World Cup. ($27 million)
  • Terranova Antarctic Project– the Italian Antarctica based scientific research center ($54 million)
  • Patriot Missile System– the missle defense system ($156 million)

Following these exciting projects max met an American woman and moved to the United States. Once in the U.S, Max started his own importation company for gourmet coffee beans, recognizing the absence of high quality Italian beans in America. After four years, Max transformed the importing company into a coffee roasting company and began roasting his own beans for sale using a decades old family recipe that uses blended recipes for the beans. Max pursued his dream of roasting coffee for nine years until he sold the business, looking for a new opportunity.

Through a close family friend, Max was told about the innovative Esercitazione Diritta equipment that Wega was producing and met with Wega representatives at a trade show in hope of developing an importing relationship. The Wega owners were so impressed with Max that the next month they flew him to Italy to check out the factory and meet more in depth with him. This was the beginning of  Circuit Fitness Importing. Max is able to offer his Italian heritage and language skills which are invaluable when communicating with an Italian manufacturer. Max will also be able to leverage his superior project management skills as well as his Italy to U.S.A. importation skills to ensure that Circuit Fitness Importing is a success.

7.1 Personnel Plan

  • Max– business development, marketing, sales
  • Support– customer, training, operations (2)
  • Repair technician (1)
  • Sales agents (2)

Financial Plan investor-ready personnel plan .">

The following sections will outline important financial information.

8.1 Important Assumptions

The following table details important financial assumptions.

8.2 Break-even Analysis

The Break-even Analysis indicates that approximately $41,600 will be needed in monthly revenue to reach the break even point.

Fitness equipment business plan, financial plan chart image

8.3 Projected Profit and Loss

The following table and charts illustrate the projected profit and loss.

Fitness equipment business plan, financial plan chart image

8.4 Projected Cash Flow

The following chart and table show the projected cash flow.

Fitness equipment business plan, financial plan chart image

8.5 Projected Balance Sheet

The following table presents the projected balance sheet.

8.6 Business Ratios

Business ratios for the years of this plan are shown below. Industry profile ratios based on the Standard Industrial Classification (SIC) code 5941, Sporting good (exercise apparatus)-retail, are shown for comparison. We are an importer of European equipment into the U.S., and we retail the equipment to the end user…gyms and health clubs, as well as to independent distributors.

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