Tag: personal training rental space

Do you want your own fitness studio space (or lease better space)? Then welcome to the world of commercial leasing. If there are one thing too many fitness business owners try to rush through and get frustrated with (and omit crucial details), it’s getting the right space for their business and for the right terms.

Many fitness professionals are excited to take high-quality personal training studio for rent– but simply don’t do enough planning to set their new facility up for success.  There are many companies such as Ground Work Athletics Inc that provide personal training studios for rent to independent trainers. If you are a trainer and finding a rental studio you should do a thorough research first.

There are many keys to success including your strategy, budget, location, brand, layout, equipment, design, lease (or building purchase). And it’s critical that you invest time in getting each of these right from the start.

Following are the ways you can find the best fitness studio for rent:

1. Start with your strategy

What is your facility strategy?

If you start out by asking a few of the basic questions, such as size, equipment, and location, but don’t really address the strategy, you probably get what exactly you want.

So, before you just call up a commercial real estate agent and see what’s available, you need to get clear on your goals.

• What space will you need? How much administrative space? How much space for clients?
• How will this space fit your modality (how you get results with clients) and with your business model (how you make money)? If you need space for group classes, do you have it?
• How will your ideal clients likely react to it?

All this needs to be thought through ahead of time.  Take some time to envision the facility that you want – but don’t just use your perspective.

2. Look at your budget

You should have a properly planned budget for facility studio expenses.  List of expenses, make sure that your facilities budget matches your business plan–that is, you know the money math in your business so your facility cost doesn’t sink you.

3. Find locations that fit

What’s the single most important consideration when opening a new facility?

Location, location, location.

You need to put your facility in a place where you can acquire the best clients to keep it busy. Because without clients, there’s no point in having a facility at all!

Renting space from a gym is not too difficult, but doing so should be carefully thought out. Otherwise, the plan could come with a few unavoidable troubles. The right approach to renting space just makes the venture a more productive breadwinner.

A little bit of networking or even cold calling may reveal what particular gyms rent out space. Many advertise rental space availability on the internet. Most independently-owned gym rental space is open nowadays for personal trainers. The revenue streams are hard to turn down and don’t exactly require a lot of work.

Following are the things you should look for when you are searching for gym rentals:

1.Know how they charge you

Gym space rentals could involve monthly, weekly, or even hourly deals. A trainer with a decent client base won’t mind paying $300 or more for a full month’s access to the gym.

As a rule, you must make sure they can afford a flat-rate rent charge. Otherwise, only the gym will be making money.  A barter system remains another possible option.

With a barter system, the trainer may pay a percentage per client to the gym. Paying 20% of training fees means the trainer won’t pay for days he/she isn’t working or playing a full rental price when business is down. Even when business is up, keeping 80% or so of the fee would be fair. The gym makes the whole enterprise possible, so its owner deserves a cut.

You shouldn’t focus solely on the costs of rent, though. Think about what else renting a gym will entail.

2. Location Counts

The gym’s location plays a major role in attracting clients. Choosing a particular facility should be done carefully since even a prime location could work against a trainer.

A gym located in a prestigious region probably comes with high rental costs. You would need a combination of regular clients at high rates to make a high-rent area worth booking.

Trainers must make rental decisions based on their bottom line or else the whole endeavour won’t turn the necessary profit.

3. Check out Space

Without a doubt, the condition of the gym and its equipment factors into whether renting space is a good idea. The equipment should be well-maintained and relatively new. A diverse array of weights, barbells, kettlebells, yoga mats, medicine balls, stability balls, benches, and more should be present.

How can you take a client through a workout without the right equipment? And how many customers want to stick with a trainer when the gym fails to impress?

Remember, you are not paying for space and access alone. They are paying for what is inside the gym. The gym has to be well-equipped, or it just won’t be of much value.

The entrepreneurial-minded probably want to move very quickly by setting themselves up in business. While it’s difficult to fault anyone for being motivated, taking the time to explore your options so that you can find the best gym for your training needs is encouraged.

Be smart and take the right approach to pick the perfect gym and rental deal.