With many people wishing to keep fit, a gym business is a lucrative venture with less competition. There are very few gymnasiums and the demand is high. Many people working in offices have less time to exercise and they prefer to drop at your gym in the evening when they leave their workplaces. To start a gym business, this is what you need to know.
To start a gym, you need to be a qualified trainer. You need to be trained and get certification before you can start a gym business. If you do not have the skills, you can hire a qualified gym trainer.
Read also: Business ideas for high school graduates.
Design a Business Plan
To run a profitable gym business in Kenya, you need to draft a business plan. A business plan is a road map for any business that lists the goals of any business. A good business plan should have startup costs and equipment you need for your gym. It should also focus on how to market your business.
Read more: How to write a business plan.
You need to identify a good business location for your business. The place should be easily accessible and secure. It should be conducive and should not have lots of noise. A gym business in Kenya can succeed in places with high foot traffic, near residential homes and high-income areas.
Secure Business Permits and Licenses
You need to ensure that your gym business complies with government regulations. As such, you need to register your business and also get a single permit business permit. You can acquire the permit from the county offices or municipal council offices. A single business permit for a gym business in Kenya goes for Ksh 5,000 annually.
Read also: How to start a bakery business in Kenya.
Equip Your Gym Business
Once you have a business permit, you then need to equip your gym. You need to have the following equipment.
- Training bench
- Dumbbell set
- Barbell set
- Kettlebell set
- Stationary bicycle
- Rowing machine
- Fitness ball
Depending on the type of gym you want to set up, you may need extra space. For instance, if you will be offering yoga and aerobics, you need a bigger space.
Insure Your Business
The gum business requires high startup capital and you can incur huge losses in case of fire, or theft. As such, you need to get a reputable insurance company to insure your business. Getting comprehensive cover is the best idea to insure even your clients.
Market Your Business
Once you have established your business, you need to look for customers. You can advertise your business in different easy like through a word of mouth, fliers and signage.
You also need a lot of online presence, like through social Media. You can create a Facebook page and a profile on Twitter and Instagram. Take photos of your gym and post them on your social media platforms. It would be best if you have a website and list the services you offer, your location and contact details.
What is the Cost of Starting a Gym Business in Kenya?
To start a medium gym business, you need to invest around Ksh 500,000. Gym business requires sophisticated equipment and a lot of space that translates to higher rent. You should get gym equipment from a reliable supplier and request a discount.
Read also: How to start a fast food business in Kenya.
Is Gym Business Profitable in Kenya?
If you get a good business location with a high customer influx, the gym business is a profitable venture. You also need to set fair prices for your customers and also ones that will give you profits. With time and as your business gets more customers, you will be in a position to generate significant revenues.