Gym Franchise

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  1. #1
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    Gym Franchise

    Anyone here own a gym? Im in talks right now for buying the local gym franchise
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    local gym or franchise?

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    Quote Originally Posted by heckler7 View Post
    local gym or franchise?
    Its a franchise. Its the gym ive been going to for the last 15 years.
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    Please tell me it's not Pussy Fart gym!!!
    We need everyone we can to run that purple hemroid out of business!

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    Quote Originally Posted by DirtySuperman View Post
    Please tell me it's not Pussy Fart gym!!!
    We need everyone we can to run that purple hemroid out of business!
    lol not a planet fitness. Its a SNAP Fitness, they’re a midwest chain
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    Quote Originally Posted by GUNRACK View Post
    lol not a planet fitness. Its a SNAP Fitness, they’re a midwest chain
    They used to have a snap here...
    I actually worked there a few months, but it was sold off and an ex-military guy took over for several years. It's since been shut down.

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    Quote Originally Posted by GUNRACK View Post
    Its a franchise. Its the gym ive been going to for the last 15 years.
    curves?

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    are going to buy it and rebrand? a lot of deals on equipment out there. UFC gyms are the most pimped out gyms I seen

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    Quote Originally Posted by DirtySuperman View Post
    Please tell me it's not Pussy Fart gym!!!
    We need everyone we can to run that purple hemroid out of business!
    If you shut that gym down than those folks will be in your gym...

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    Quote Originally Posted by heckler7 View Post
    curves?
    Jazzercise
    Sent from an outer space sea lab....

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    Quote Originally Posted by reddog309 View Post
    If you shut that gym down than those folks will be in your gym...
    I seriously doubt it....
    If these baby powder people come to my gym one of two things are going to happen,

    1. They're going to run home to Mama with their butt hurt feelings...
    Or
    2. They're going to learn to grow some thicker skin.

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    Are you going to have business partners?

    While you split the risk in the beginning, you will be splitting the pie and profits later on...if you can go it alone, I would suggest it.

    Take a good look at the books.

    Usually you evaluate a business based on the earnings averaged last three years. Maybe three times the net profits. Not on the potential of the business.

    Unless it's just a purchase sale of the equipment.

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    Quote Originally Posted by Augustine5I View Post
    Are you going to have business partners?

    While you split the risk in the beginning, you will be splitting the pie and profits later on...if you can go it alone, I would suggest it.

    Take a good look at the books.

    Usually you evaluate a business based on the earnings averaged last three years. Maybe three times the net profits. Not on the potential of the business.

    Unless it's just a purchase sale of the equipment.
    It would just be me. Wouldn’t be my first business. I own a restaurant and another bar/music venue
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    Quote Originally Posted by GUNRACK View Post
    It would just be me. Wouldn’t be my first business. I own a restaurant and another bar/music venue
    This is what I thought I read buy you before so you know your way around a bussiness, that being said I would weigh the profit versus the headache factor, just imagine 60% of the knuckleheads on this forum being your clientele...
    Last edited by reddog309; 05-24-2021 at 10:12 AM.

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    Gotta have a few and it is 24-7, plus ; they have some crazy royalty and make you order everything through them, all approvals needed. They can get up in your money and force you to pay for advertising, all kinds of pitfalls. Watched some very successful people open a Regular neighborhood gym, to a Golds, and they all folded. Also, the couples got divorced! Just having towel laundry service for one gym(which he cancelled) was 10k a month! Sick! My pop said , A private firm bought 24hr fitness in 2005, then later sold it for 1.85billion!
    I know quite a few gym owner and they ended up being successful after having a few gyms close up, but they became promoters and have all kinds of cash coming in from some aspect of their prior or current ownership of a gym(which was a franchise BTW). You know em for sure! Lol

    Max

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