Im doing a project for an entrepreneurship class. I need to know a rough estimate of the expected capital (money) I would need to start my own fitness club. Any places I can look up this type of information?
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You can research this a few different ways.
First – make a tally of what your club needs – equipment, uniforms, floor space, rent, electric, heating / ac, water, phones, computer, employee salaries, & printing / laminating. These decisions are yours, so I can’t really guide you as to how big or small the estimate will be. However, once you know, you can find out the prices for equipment by checking out a wholesale site like http://www.net2fitness.com.
Also think about an advertising / marketing budget.
Now think about how long it will take for you to make a profit, and start paying back your loan. You need to have at least 1-2 years operating expenses saved to be safe.
Add it all up, add 2.5% for inflation.