From Savings To Success: Navigating The Real Costs Of Starting A Gym The NASM-CPT Podcast With Rick Richey podcast

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The NASM-CPT Podcast With Rick Richey »
From Savings to Success: Navigating the Real Costs of Starting a Gym

3d ago 25:34

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In this “NASM CPT Podcast,” host Rick Richey takes listeners behind the scenes of what it really takes to open a gym—no sugarcoating, just real numbers and honest advice. Building upon his recent conversation with fitness industry mogul Mark Mastrov, Rick brings his own hard-earned experience to the mic, offering practical insights for aspiring gym owners.

Rick breaks down the nitty gritty: how much money you truly need (it’s more than you think), the difference between capital and operational expenses, and the often-overlooked costs of things like HVAC units, rubber flooring, repairs, mirrors, lighting, laundry, and even towel logos. He stresses the importance of planning for both the build-out and the ongoing costs that keep your doors open, sharing stories from his own path to gym ownership—including why having six months of operating capital is non-negotiable.

From negotiating leases and dealing with banks, to understanding freight costs for equipment and the reality of a slow start once you open, Rick’s candid perspective prepares listeners for the rollercoaster of gym ownership. He explains why some might be better off starting with a franchise, and why the coolest part of owning a gym can sometimes be the hardest to maintain.

If you’re considering opening your own facility or just want a raw look at entrepreneurship in fitness, this episode is a must-listen. Rick doesn’t aim to discourage—just to arm you with the truth, so you’re ready to succeed.

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