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    Gatorade Gym Budget One-Time Costs

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    Brian Ng'eno
    The document outlines the one-time and monthly costs associated with starting a gym business. One-time costs include equipment, licenses, insurance, and renovations totaling over $50,000. Monthly costs include rent, utilities, equipment maintenance, wages and taxes, averaging over $8,000. The average monthly gym membership in the US is $37-44.

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    Gatorade Gym Budget One-Time Costs

    Uploaded by

    Brian Ng'eno
    31 views2 pages
    The document outlines the one-time and monthly costs associated with starting a gym business. One-time costs include equipment, licenses, insurance, and renovations totaling over $50,000. Monthly costs include rent, utilities, equipment maintenance, wages and taxes, averaging over $8,000. The average monthly gym membership in the US is $37-44.

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    accounting

    Original Title

    GATORADE GYM BUDGET

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    The document outlines the one-time and monthly costs associated with starting a gym business. One-time costs include equipment, licenses, insurance, and renovations totaling over $50,000. Monthly costs include rent, utilities, equipment maintenance, wages and taxes, averaging over $8,000. The average monthly gym membership in the US is $37-44.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    31 views2 pages

    Gatorade Gym Budget One-Time Costs

    Uploaded by

    Brian Ng'eno
    The document outlines the one-time and monthly costs associated with starting a gym business. One-time costs include equipment, licenses, insurance, and renovations totaling over $50,000. Monthly costs include rent, utilities, equipment maintenance, wages and taxes, averaging over $8,000. The average monthly gym membership in the US is $37-44.

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    GATORADE GYM BUDGET

    ONE-TIME COSTS

    ITEM AMOUNT ($)


    Physical Location Varies
    Gym Equipment 10,000.00
    Certifications 500.00
    Licenses and Permits Varies
    Legal & Processing Fees 9,000.00
    Insurance 12,000.00
    Building Improvements & Remodeling 20,000.00
    Computer Network & POS System 550.00
    Signage 20.00
    Employee Uniforms Varies
    Miscellaneous Gym Supplies 500.00
    Merchandise Varies
    Advertising Varies
    Website 300.00
    Operating Cash 1,000.00

    MONTHLY COSTS

    ITEM AMOUNT ($)


    Mortgage or Lease Payments Varies
    Insurance Varies
    Permits Varies
    Equipment Lease Payments 4,000.00
    Utilities Varies
    Equipment Repairs and Maintenance 2,000.00
    Cleaning Supplies 150.00
    HVAC Maintenance 50.00
    Phone and Internet Service 75.00
    Employee Wages Varies
    Payroll Taxes or Self-Employment Taxes Varies
    Credit Card Processing Fees Varies
    Marketing 100.00
    Legal and Professional Fees 1,000.00
    Miscellaneous Expenses 1,000.00
    The average pricing of 12 leading gyms in USA is 37.71 $ this is a true representation of

    the whole fitness industry where the low end subscribers pay 31.00 $ to the high end ones who

    pay 44.42 $ (runrepeat.com). By the end of December 2020 the per capita income in the us was

    33740.800 $ (Oronce et al., 2020).

    References

    Bruce, D., Gurley-Calvez, T. J., & Norwood, A. (2020). Taxes and entrepreneurship: A literature

    review and research agenda. Foundations and Trends® in Entrepreneurship, 16(5), 393-

    443.

    https://runrepeat.com/gym-membership-cost

    Lum, A. (2017). HealthyLife Gym, LLC: A Business Plan. California State University, Long

    Beach.

    Oronce, C. I. A., Scannell, C. A., Kawachi, I., & Tsugawa, Y. (2020). Association between state-

    level income inequality and COVID-19 cases and mortality in the USA. Journal of

    general internal medicine, 35(9), 2791-2793

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