If you’re ever thinking about starting a fitness business, you need to know about the cost. Your equipment costs, your gym design and construction, and even the costs of your initial startup could all add up to a lot of money. Can you afford a gym?
Cost to build gym
The cost to build a gym will vary depending on the size, location, and complexity of the project. The average cost to build a gym is $180 per square foot, but this can vary significantly based on your location.
The cost to build a gym in the backyard will be lower than building one in an urban area like New York City or Los Angeles. The same goes for commercial gyms versus residential gyms. Commercial gyms are more expensive because they need to be built with more safety features and equipment.
Your home gym may only have one or two sets of equipment, but commercial gyms can have dozens of different machines and equipment that need to be installed safely. The cost for this is reflected in their higher price tag compared to residential gyms.
The cost to build a gym depends on several factors, including the size of the space, whether it’s indoors or outside and what type of equipment you want. If you’re building a home gym, the cost will be much less than if you’re building a gym in a commercial space.
The average cost to build a home gym is $11,000, according to HomeAdvisor. This figure includes construction materials, labor and equipment. If you’re building an outdoor shed for your equipment instead of a traditional indoor facility, the cost would be closer to $5,000.
How much does it cost to build your own gym
The cost of building your own gym depends on what type of gym you want to build. For example, you can build a small home gym for under $1,000, or a commercial gym for over $1 million.
The average cost to build a home gym is between $5,000 and $10,000. This includes the equipment, installation and construction of the facility. If you don’t want to install the equipment yourself, this can raise the costs significantly.
It’s possible to build your own commercial gym from scratch for less than $500,000. However, this will only give you enough space for a few people at once and may not have any room for classes or personal training sessions. If you want more space and more features such as cardio machines or spin bikes, then expect to pay about $1 million for an average-sized facility.