Opening a gym costs $130K to $480K to build out, depending on format. Pick yours below and the calculator works out the loan, the deposit and the cash you actually need before you open.
What kind of gym?
Preset for full gym: $480K
Lenders typically cover 70 to 80 percent at this size
How long before trade covers the fixed costs. Most first budgets set this to zero, which is why they are wrong.
An estimate, not a quote. It stops at the day you open; the free model carries it forward month by month and shows the month the cash balance is at its lowest, which is the figure a lender asks for.
Format decides the number more than anything else does. Formats that open for the same money are grouped on one row, because they are one answer to the question.
| Format | Build-out | Loan | Your cash | Rent / mo |
|---|---|---|---|---|
| Full gym9,000 sq ft | $480K | $360K | $120K | $5K |
| Boutique fitness studio3,500 sq ft | $260K | $200K | $60K | $5K |
| Yoga and pilates3,500 sq ft | $190K | $140K | $50K | $5K |
| CrossFit / functional3,500 sq ft | $180K | $130K | $50K | $5K |
| Martial arts3,500 sq ft | $150K | $105K | $45K | $5K |
| Personal training studio1,600 sq ft | $130K | $90K | $40K | $5K |
The build-out figure is the one everybody plans for and it is not the one that kills. A gym does not cover its costs on day one; it takes months to build the trade that pays the rent, and the money that covers those months has to exist before you sign anything. Undercapitalisation, not the concept, is what closes most of them. Work out the build-out here, then run it forward to see the month the cash balance is at its lowest, because that is the number your bank manager is really asking for.
A cost estimate is one column of the plan. The rest is revenue against it, month by month: when the business breaks even, how much cash it burns first, and what happens if trade comes in ten percent under. The gym model does that on these same figures, and the break even calculator covers the single question underneath it.
Turn this into a full gym model: revenue month by month, the month you break even, the deepest point of the cash curve, and three scenarios. Free, and yours to keep.
Build my model freeFree to start. 2 minutes. No spreadsheets.