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Thanks for sharing! I totally agree this is important stuff that should be discussed on some level. For quite some time my daughter struggled with any skill that required upper body strength and it really frustrated her. She was starting to think those skills were just impossible for her. It was...

We're in the Mountain West. I would start putting together a comprehensive business plan. They are alot of work but it does help you get a clearer idea of everything involved and will result in less surprises down the road. Plus, every bank we talked to required one in order to start talking...

That makes more sense :) Based on our experience, if we had started with a gym that size I would have expected to have at least a $200k equipment loan and $50k in working capital. That doesn't include any building modifications or pits since that would depend heavily on the particular building...

1,500 seems awfully small. Thats smaller than 1 full size spring floor. Our starter gym was 7,000 sq ft and we outgrew it in 5 years. Equipment loan was about $80k and another $20k in buildout (we were the first tenant). Not sure if that helps or not.