How Much Does It Cost to Start a Gym Business?
- Nate Jones, CPCU, ARM, CLCS, AU
- Nov 7
- 2 min read
Updated: 1 day ago
Starting a gym can be a profitable venture, but it requires significant planning and investment. From leasing a facility to purchasing equipment and securing insurance, understanding the costs upfront is essential for success.
In this guide, we’ll break down the major expenses involved in opening a gym and explain why Wexford Insurance should be your partner in protecting your investment.
Key Startup Costs for a Gym
1. Facility Leasing or Purchase
Lease Costs: Depending on location and size, monthly rent can range from $3,000 to $10,000.
Purchase Costs: Buying property can cost hundreds of thousands of dollars, plus renovations.
Learn about commercial lease terms at LoopNet’s leasing guide.
2. Gym Equipment
Weightlifting racks, barbells, plates: $10,000–$30,000
Spin bikes: $800–$2,000 each
Pilates reformers: $3,000–$6,000 each
CrossFit rigs and accessories: $5,000–$15,000
3. Renovations and Interior Setup
Flooring, mirrors, lighting, and HVAC upgrades can cost $20,000–$50,000 depending on facility size.
4. Staffing
Hiring certified trainers, front desk staff, and cleaning personnel can cost $4,000–$10,000 monthly.
Review fitness trainer certification options at ACE Fitness.
5. Marketing and Software
Website and SEO: $1,500–$5,000
Social media ads: $500–$2,000 monthly
Scheduling software: $50–$200 per month
Struggling to market your business? Visit Contractor Back Office for website SEO and marketing support.
6. Licensing and Permits
Expect $500–$2,000 for business licenses and health permits.
Insurance Costs for a Gym
Insurance is a critical part of your startup budget. Here’s what you need and approximate annual costs:
General Liability Insurance: $500–$2,000 per year
Protects against member injuries and accidents.
Commercial Property Insurance: $1,000–$3,000 per year
Covers your building and equipment from fire, theft, or damage.
Workers’ Compensation: $1,000–$5,000 per year
Required if you have employees; covers workplace injuries.
Equipment Insurance: $300–$1,000 per year
Safeguards expensive fitness gear.
Commercial Auto Insurance: $750–$2,000 per year
Needed if you transport equipment or offer mobile services.
Partner with Wexford Insurance for tailored coverage that fits your gym’s needs and budget.
Total Estimated Startup Cost
Depending on size and services, starting a gym can cost $50,000 to $250,000 or more. Proper planning and insurance coverage help protect your investment and ensure long-term profitability.
Final Thoughts
Opening a gym is a big financial commitment, but with the right strategy and protection, it can be a rewarding business. Don’t let unexpected risks derail your success
contact Wexford Insurance today for specialized fitness business coverage.
