Do you want to start a gym business? Not sure what kind of gym to start? Here in this article, we list down a list of best gym business ideas that have the potential to bring in good profits.
According to the IHRSA, the fitness industry is at present worth more than $30 billion. The health and fitness industry in the United States for the last few years is growing at 3 – 4% annually. More than 20% of Americans citizens posses fitness club memberships.
Read: 10 Step Gym Business Plan Guide for Beginners
The growth as per industry experts is expected to rise. One of the reasons for this growth other than rising awareness of common people is the coming up of low-budget gym studios all across the country. There are many types of gym or fitness centers that are popular among customers. Find below the top ten list of gym business ideas you can start with a small investment.
Here is a list of Top 10 Gym Business Ideas with Low Budget
1. Fitness Center
The fitness industry is evolving very fast. Nowadays fitness centers are targeting niche customers. There are various types of fitness centers catering to different kinds of customers. It can be kids, pregnant women, elder citizens, young professionals, etc. If you decide to start a fitness center, it is important to find your target niche and select training programs accordingly.
2. Powerlifting Gym Studio
There are a lot many young people who look for to gym to shape their bodies and build muscles. These powerlifting gym studios are always in demand. However, you need to put in some amount of investment to buy the necessary equipment. In addition, you need to buy liability insurance, as there is a chance of an accident for members while using the equipment.
3. Start Gym/ Fitness Blog
People from all across the world search the internet for fitness and wellness tips. If you have a passion for writing and take a keen interest in fitness, starting a fitness blog is a good option. However, finding the right niche for your blog is critical. You can check our article on how easily you can start a blog and make money
4. Yoga Studio
Yoga is becoming popular and widely accepted among fitness enthusiasts all across the globe. It originated from India and is practiced for the overall growth of the physical, mental, and spiritual aspects of a person. To be a Yoga trainer, you must go through training and get certified from a Yoga Guru.
5. Buy a Gym Franchise
This option is ideal for people who is not a certified fitness expert but want to get into the gym industry and make money out of it. The benefit of buying a gym franchise from a reputed brand is that you don’t need to go through the hassles of building a gym business from scratch. The franchisor is supposed to provide you all kinds of help in starting your gym business.
6. Dance Studio
Starting a dance studio is another profitable gym business idea to consider. There are many types of dance forms that help people in reducing weight and keep the body in shape. Identifying the target audience is critical to the dance business. You can specialize in providing dance training to children or adults.
The biggest investment in dance studio business is creating the dance theme floor. It is estimated that a minimum investment of $10,000 is needed to start a professional dance studio.
7. Sell Gym Equipment
The gym equipment business is growing. As more and more gym and fitness studios are starting to operate, the sales of fitness equipment are also rising. If you are interested in the distribution business, consider seriously investing in gym equipment selling business, as it will certainly grow in the recent future.
8. Sell Health Supplements
The health supplement industry is one of the biggest industry presently. Over the internet, you will find lots of companies and reputed brands selling health supplements. You can tie-up with one of those brands and sell it to your local community.
There are some reputed direct selling companies like Nutrilite of Amway, Herbalife, etc who look for freelance sales representatives to promote their health supplement products.
9. Start a Zumba Studio
Zumba studio is not another dance studio. Zumba is a trademarked private brand that provides training modules a combination of aerobics and dance forms. It includes salsa, mambo, and hip-hop. A Zumba teaching license will cost you around $500 and start a full-scale Zumba studio will cost a minimum of $10,000.
10. Diet Planner
The demand for diet planners is increasing and is expected to grow in the coming days too. It is now an accepted fact, without a proper diet, remaining healthy and fit can never be complete. However, to be a professional diet planner, you must be a certified nutritionist.