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treez
Oct 23, 2005, 10:47 PM
Post #51 of 55
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Registered: Aug 11, 2004
Posts: 347
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Our gym is for sale here in Juneau. Someone should buy it so it doesn't get turned into a tourist trinket warehouse. I'd say it's a nice gym, but it's also the only one I've been to and I don't like indoor climbing much. I also have a feeling it's no cash cow, but if someone wanted to try gym ownership with pre-existing infrastructure, here's their chance.
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jabtocrag
Oct 24, 2005, 12:55 AM
Post #52 of 55
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Registered: Apr 22, 2003
Posts: 476
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When ET built their gym in Timonium a couple years back, they ended up spending $1.3 million before the doors opened....granted, the gym's 19000 sq ft. with 55 ft walls.
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morganicclimbing
Oct 31, 2005, 4:08 PM
Post #53 of 55
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Registered: May 10, 2002
Posts: 88
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I have owned a small gym in UT for over a year now. I also have sold climbing holds to new gyms and existing gyms for 5 years now. We also just started building small walls in residential areas and I have come to these conclusions about gyms...
The one with the biggest gym wins (assuming it is also really cool). If you build a half ass gym then someone will come along and build a bigger and better one to put you out of business. If you do it right from the beginning then nobody will want to compete. As said before, make sure it attracts the masses from b-day parties to the die hard climbers.
Capitalize on all areas of income. We had our best months ever this summer. Yes in UT. We picked up a portable climbing wall to take to all the summer events and used it as a marketing tool on wheels. In doing so we created more business for the gym but also made a lot of money.
Gear/Pro shops are a huge plus. Choose a location that needs a pro shop as well as a gym. A local pro shop in our area can pull in $1000 a day just from selling gear. That's $ you don't want to miss out on.
The rest has already been mentioned by others so I won't repeat it. I know the owner of the Quarry in Provo (that has been mentioned), the owner of a new gym just like the Quarry up here in the Northern part of UT and the new owners of similar gyms going up between Provo and up here in the North. The story is the same... do it right in the beginning even though it may cost more and you will see some profit.
Good luck to everyone that is thinking about opening a gym. It is a lot of fun. It is however a full time job so plan on putting in the hours. They are tearing down our little gym to put in a car dealership (long story) so now I will put all my effort back into Morganic Climbing and leave the gym owning to the rest of you. It was a great learning experience though. Our gym will be replaced by the 1.5 million kind so I'm speaking from experience here. Luckily they are cool and waiting for our gym to leave so they don't compete with us.
Good luck!
Lance
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tenesmus
Oct 31, 2005, 7:19 PM
Post #54 of 55
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Registered: Jul 27, 2004
Posts: 263
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lance,
where? When? Hope its close to slc...
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morganicclimbing
Oct 31, 2005, 8:39 PM
Post #55 of 55
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Registered: May 10, 2002
Posts: 88
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I probably shouldn't say much until they are a done deal but there will be one in Sandy and one in Layton within the next year or two.
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