Are Gyms Still Making Money?

“Is it profitable to own a gym in 2024?” “Is a gym a good business to start?” “Is the fitness industry growing?” These are some of the MOST searched questions on Google about gyms and their profitability. The reality is… YES. Gym owners ARE making money right now and YES it can be profitable. The fitness industry is valued at around $244 billion and is expanding at a rate of 5% to 10% PER year. “Okay, but those gym owners are just LUCKY.” That’s where you’re wrong. They’re not lucky, they’re not mythical creatures, and it's certainly not due because of the network they’re a part of. They’ve put in the work. They’ve stopped blaming external circumstances and put PROCESSES into place so that they can GROW their business. In this episode, I’m diving deep into how successful the fitness industry can be IF you can only think and work like a BUSINESS OWNER. You’ll hear: Stats that PROVE the profitability of the fitness industry The net margin that you can EASILY reach in your studio What the SUCCESSFUL studios are doing that sets them apart from their competition Why you’re earning money but your studio has STOPPED growing … and a whole lot more Queue up these episodes next: 🎧The Four Levels of Business: The Path to Owning MULTIPLE 7-Figure Studios 🎧You Will NOT Grow With a Team Full of Casuals 🎧Structure Your Week Like This and You Will Make MORE Money 🎧 Triple Your Growth by Hiring THIS Staff Member WANT MORE: To say thank you for listening to the pod we’d like to gift you a FREE session to brainstorm a 3 Step Action Plan for your gym or fitness studio so you know EXACTLY what step you need to take to grow. Book in yours here Want to follow along behind the scenes? Check out @thegeronimoacademy and @hey.doza