- Apr 27, 2002
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STAY/GET BACK IN SHAPE VOL 3.0 -- A New Niketalk = A New Thread
- Thread in 'General' Thread starter Started by cincoseisdos,
- Start date
- May 25, 2001
- 22,158
- 16,424
I always wondered the financials of a gym. Like do they buy the space and everything then recoup via memberships, etc plus their operating expenses or take out a loan and memberships have to exceed the loan + operating expenses to be profitable? There are so many 24/7 huge ones popping up here, some evening staffed full time. Crunch Fitness has one opening later this month and 2 more in construction, they'll have 5 in the OKC metro all within about 20 minutes tops from the next nearest one. Their ad says the Yukon one was an 8M facility. I be in there just looking and imagining how high their electric and water bills gotta be, on top of paying employees obviously and all this customized equipment. Lyft24 even has their name etched in the tiles in the bathroom. Seems like something that when they start going under, the finance guys will be like yea maybe we shouldn't have spent that extra 250k on customizing the already brand new tiling
Figured that's why Gold's Gym went out of business, at least locally. There was so many of them, Edmond literally had 2 on the same street. Some got bought out by other gyms like Peak Fitness which makes sense, one I used to go to is a Used Office Furniture Store now
Figured that's why Gold's Gym went out of business, at least locally. There was so many of them, Edmond literally had 2 on the same street. Some got bought out by other gyms like Peak Fitness which makes sense, one I used to go to is a Used Office Furniture Store now
- Feb 7, 2016
- 13,286
- 10,780
from my understanding of it, gyms in general make business for use of the facility and equipment thru membership. as the customer base and demands grow, the added number of employees becomes necessary as the profit seems to be higher than the cost of paying employees, rent and maintenance of the gym. family owned gyms and businesses are a bit more stable if they own the facility itself rather than renting it. as far as some gyms closing down, it could be a combination of several factors like competition, dwindling customer base, owner just wants to retire.I always wondered the financials of a gym. Like do they buy the space and everything then recoup via memberships, etc plus their operating expenses or take out a loan and memberships have to exceed the loan + operating expenses to be profitable? There are so many 24/7 huge ones popping up here, some evening staffed full time. Crunch Fitness has one opening later this month and 2 more in construction, they'll have 5 in the OKC metro all within about 20 minutes tops from the next nearest one. Their ad says the Yukon one was an 8M facility. I be in there just looking and imagining how high their electric and water bills gotta be, on top of paying employees obviously and all this customized equipment. Lyft24 even has their name etched in the tiles in the bathroom. Seems like something that when they start going under, the finance guys will be like yea maybe we shouldn't have spent that extra 250k on customizing the already brand new tiling
Figured that's why Gold's Gym went out of business, at least locally. There was so many of them, Edmond literally had 2 on the same street. Some got bought out by other gyms like Peak Fitness which makes sense, one I used to go to is a Used Office Furniture Store now
- Apr 27, 2002
- 3,712
- 3,465
I always wondered the financials of a gym. Like do they buy the space and everything then recoup via memberships, etc plus their operating expenses or take out a loan and memberships have to exceed the loan + operating expenses to be profitable? There are so many 24/7 huge ones popping up here, some evening staffed full time. Crunch Fitness has one opening later this month and 2 more in construction, they'll have 5 in the OKC metro all within about 20 minutes tops from the next nearest one. Their ad says the Yukon one was an 8M facility. I be in there just looking and imagining how high their electric and water bills gotta be, on top of paying employees obviously and all this customized equipment. Lyft24 even has their name etched in the tiles in the bathroom. Seems like something that when they start going under, the finance guys will be like yea maybe we shouldn't have spent that extra 250k on customizing the already brand new tiling
Figured that's why Gold's Gym went out of business, at least locally. There was so many of them, Edmond literally had 2 on the same street. Some got bought out by other gyms like Peak Fitness which makes sense, one I used to go to is a Used Office Furniture Store now
the financials of the gym business model are notoriously difficult to turn a profit…splits on fitness related merch (supplements, equipment, etc.) membership fees & franchising is probably how the larger chains make it work
- May 9, 2004
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Pretty sure gyms lease premises for the most part.
Looks like Crunch just running a gym business consultancy though.
Looks like Crunch just running a gym business consultancy though.
- Oct 27, 2005
- 26,039
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- Jul 25, 2012
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Is there a gym that correlates mental health with physical health? That's be cool if you can do therapy and work out right after
- Oct 27, 2005
- 26,039
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- Apr 30, 2010
- 69,733
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Was gonna say that's probably what those $200 gyms are missing, but mans upped the stakes.
Beruseruku Desu
Supporter
- Oct 10, 2018
- 12,676
- 26,666
telling people to not walk past your phone so you can record in a public gym is crazy.even crazier that he put his hands on another man.
- Feb 7, 2016
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- 10,780
people could use a masseuse service afterwards.
- Jul 25, 2012
- 14,637
- 17,044
Interesting
- May 25, 2001
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On Tinker Air Force Base you can get a free massage in one of the gyms, I think the one connected to the Jet Engine Repair facility, and of course plenty have the hydro massage machines. Do some sauna, cold plunge, hydro massage, tanning booth if you aren't blessed with the melanin, after a workout if you have time should be a good way to chillax mentally. Put some Sade or Umi in the headphones
Air Champa
formerly champa
- Feb 23, 2017
- 2,422
- 4,440
even crazier that he put his hands on another man.
I really want to believe all videos like this are fake, but maybe I'm being naive.
Beruseruku Desu
Supporter
- Oct 10, 2018
- 12,676
- 26,666
planet fitness got a new CEO and their stocks dropped lol
- Oct 27, 2005
- 26,039
- 55,265
- Oct 27, 2005
- 26,039
- 55,265
- Jul 23, 2004
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My weight loss has plateaued. I know what I have to do to continue to lose weight, but I don't want to do it...SMH
At this point in my life, I just don't want to eat less
At this point in my life, I just don't want to eat less
ghenges
Supporter
- Jul 18, 2003
- 7,235
- 1,861
Yea I put on like 12-15lbs since Christmas and I have been stubborn to get rid of it. I know what I have to do but it's so damn annoying.
I noticed Planet Fitness has special floors where if you drop the weights it makes a loud noise on purpose. They take this lunk alarm thing seriously.
I noticed Planet Fitness has special floors where if you drop the weights it makes a loud noise on purpose. They take this lunk alarm thing seriously.
- Apr 27, 2002
- 3,712
- 3,465
you don’t necessarily have to eat less, if you can continue to build muscle (which in some respects requires being a bit of a calorie surplus)…it will be a much slower process but ultimately a much better & more sustainable route to losing lbs
- Oct 27, 2005
- 26,039
- 55,265
Beruseruku Desu
Supporter
- Oct 10, 2018
- 12,676
- 26,666
you need to start manipulating your macros or do exercises that burn more calories
- Feb 7, 2016
- 13,286
- 10,780
do you do cardio?
- Oct 27, 2005
- 26,039
- 55,265
who’s cardio? is she hot?
- Feb 7, 2016
- 13,286
- 10,780
Very hot.who’s cardio? is she hot?
