Business Opportunity

Estimated Start-Up Costs Back

Pick Up The PaceTM

License Package
- $22,149

 

Pick Up The PaceTM Licensing Package
Please see What We Offer for details.
INCLUDES EQUIPMENT


What You'll Probably Have To Spend In Addition To Our Package:

Sign
- $500 to $6,000


Depending on size, design and lease requirements
Printing
- $150
- $50 - $250

Photocopy all membership forms, waivers, etc.
Initial batch of brochures
Equipment
- $200
- $50
- $200
- $100 - $300

5-CD changer to play music
Small 'boom box' for cue CD
Scale
Desk, chairs, table
Banking
- $375
- $400
- $20

ACH setup fee
VISA and Mastercard setup fee
Check printing
Building
- $2,000
- $500

Damage deposit
Paint and other minor renovations
Permits and Licenses
- $28
- $23
- $115
- $20

Fire Inspection
Electrical permit
Building Permit
State DBA permit
Office Equipment & Supply
- $1,000 - $3,000
- $200 - $900
- $200
- $290

Computer (preferably notebook computer)
Color printer (preferably laser printer)
Internet access (1 year)
QuickBooks or other accounting software
Utility
- $50
- $50
- $200

Set up gas
Set up electric
Set up telephone with voicemail
Services
- $1,090

Initial insurance payment
Totals:
- $7,811
- $16,411

Low Estimate - Opening Expenses
High Estimate - Opening Expenses
(Note: Be wary of franchise companies promising that you can open your gym for $25,000 or even less! These quotes typically do not include all costs associated with opening a gym, or are based upon unrealistic retail prices.)

Optional Items You May Wish To Purchase:
Advertising
- $200
- $250
- $70
- $300
- $145
- $1,000 - $1,500
- $200 - $500


A-frame signs with inter-changeable sides
Initial misc. handouts
Stationary
Chamber of Commerce membership
Logo and phone number on vehicles (2)
Directory (typically 3 per town)
Advertising package with local newspaper
Office Equipment & Supply
- $2,500
- $45
- $20
- $30
- $50
- $20
- $500

Tanning bed (commercial, used)
Floor fans
Bookshelf
Deposit stamp
Discover card setup fee (annual)
Name tags for employees
Window tinting and/or acrylic
Resale
- $400
- $50
- $50
- $200
- $30
- $125
- $150

- $1,000 - $1,400
- $100
- $150 - $500

Initial nutrition bar order
Initial order of bottled water
Initial order of Slim-Fast
Initial order of tanning lotions
Running Start Food Exchange lists
Batch of 25 Running Start 'uses'
Daily Journals (25) for
Running Start program
Accountant
Local newspaper subscription (1 year)
Certified Personal Trainer certification

As you can see, it is entirely possible to open a Pick Up The PaceTM location with as little as $29,960! This includes the low estimate of the Opening Expenses ($7,811) and our license package ($22,149).

We have attempted to provide you with an accurate, realistic assessment of what it will cost to open your own club. Although these costs have been based upon actual data from Pick Up The PaceTM gyms, your actual costs may vary. For example, if you already have a computer, printer, or CD player then these estimates will be high for you. Additionally, if your landlord doesn't require a $2,000 damage deposit then you may also subtract that from your estimated start-up costs.

Our goal is to provide you with an honest snapshot of what it may cost you to open a Pick Up The PaceTM location. We hope this information has been valuable!

Top of Page

 

 


Copyright © 2003-2005 Pick Up The PaceTM. All Rights Reserved.