Fit And Fine It's Gym Time

With the fitness mantra taking the country by storm, gyms make for the most profitable venture.

- Toprit Saifi

Over the last decade fitness has become a priority for people from different walks of life, which has made fitness clubs and gyms a profit-making business proposition. Here’s how it works: Starting a decent gym requires an area of 1,200-2,000 sq. feet or more and an investment of Rs 50 lakhs and above. The initial investment comprises Rs 15-30 lakhs for equipment and Rs 8-12 lakhs for interiors, documentation and lease. For a franchise outlet, brands like Pink Fitness demand one-time franchise fee of Rs 7 lakhs, which covers support for hiring staff, marketing, leads, and committed enrolments of over 30 customers on inauguration.

The operational expenses would include about Rs 1 lakh in salaries for two trainers, a physiotherapist, dietician and centre manager. In addition, rent may be in the range of Rs 50,000 to Rs 1 lakh depending on the area and location. About Rs 20,000-40,000 may be required for miscellaneous expenses per month. On the earnings front, the outlet may expect monthly revenues