Leased space is great when starting your gym or fitness center because it lets you focus on the things that matter most, people, programs and systems. But don’t get caught in a bad lease because you are in a hurry. All the principles discussed in this article apply to large spaces as well.
And remember, rent will be the second largest expense after payroll. Here is a tip. Take your monthly rent and divide by 20% or .20. (Example: $10.000/.20=$50,000) This is the amount of monthly sales you will need to cover your rent and other operating expenses plus a profit. We help clients with rent negotiations on a regular basis, so please don’t hesitate to call if you need help.