From Savings to Success: Navigating the Real Costs of Starting a Gym

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. If you like what you just consumed, leave us a 5-star review, and share this episode with a friend to help grow our NASM health and wellness community! Introducing NASM One, the membership for trainers and coaches. For just $35/mo., get unlimited access to over 300 continuing education courses, 50% off additional certifications and specializations, EDGE Trainer Pro all-in-one coaching app to grow your business, unlimited exam attempts and select waived fees. Stay on top of your game and ahead of the curve as a fitness professional with NASM One. Click here to learn more. https://bit.ly/4ddsgrm