Planet Fitness Vs Anytime Fitness - Topic

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Dec 21 2014 01:39pm

Quote (MGS4BestGameEverMade @ Dec 21 2014 10:55am)

Erm yeah and? That's my point.

All the more reason to turn up the price... Larger complex = higher rent.

For instance, the gym I go to is 2000m² (which is about 22,000 ft² for you guys) and right in the town centre (in a shitty ass small town with 15K people) and their rent is about $50,000 per month. Similar sized gyms in Oslo will be paying A LOT more than $50k/month for their rent.

Still in order to cover $50,000 rent you need 5000 customers (which would be 1/3 the population of my town) paying $10 per month, obviously a highly unrealistic number and that's just the rent. Then there's staff salaries, electricity bill, maintenance, taxes (corporate tax, VAT etc), and so on.

FYI they charge $100/month and I believe they have 2000 members so roughly $200,000/month revenue not including the sales of protein bars, shakes, solarium, spray tans, massages, PT lessons and such.

So my point is, I can hardly fathom how US gyms can charge $10/month and make a profit...

Rent isnt very spendy in the US at all. Unless you are in specific Cities like LA or NYC

Afficionado

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#32

Dec 21 2014 03:21pm

Quote (IAm_Carnage @ Dec 21 2014 07:39pm)

Rent isnt very spendy in the US at all. Unless you are in specific Cities like LA or NYC

this^
In the cities around where I live, rent would be NO where near that...not even in the same ballpark.

MGS4BestGameEverMade

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#33

Dec 21 2014 03:25pm

Quote (xGeArz @ Dec 21 2014 07:00pm)

A bigger complex equals more people paying which means you can charge less per member....it's about volume of members in a larger space. Smaller complexes obviously have to charge more per customer as they can only fit so many in a smaller space.

Since there are a shit ton of chain gyms here, they have to compete with each other so the price drops.

That's true but also bring in the consideration that larger complex =/= more customers

You might have a tiny ass gym that's packed with customers 24/7 and then a huge gym with only a few customers (relative to its size).

but still

10 dorrah???

I can imagine profit margins coming in at $20/month but that's gotta be minimum.

Perhaps this $10 gyms some how rack a huge profit from sales of protein bars/shakes etc, idk.

Quote (IAm_Carnage @ Dec 21 2014 09:39pm)

Rent isnt very spendy in the US at all. Unless you are in specific Cities like LA or NYC

How cheap of a gym can you get around NYC or LA then?

This post was edited by MGS4BestGameEverMade on Dec 21 2014 03:26pm

mykromisfit

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#34

Dec 31 2014 04:51am

Quote (MGS4BestGameEverMade @ 19 Dec 2014 13:46)

BUT FREE HAIR CUTS.

I'd happily go to a gym without a squat rack or bench if it included free massages.

We have gyms that cost up to $120/month here and you don't get shit for free.

The gym I go to costs $100/month T_T

There are cheaper alternatives all the way down to $30/month but I'd rather pay the extra 70 dollars to get the gym equipment, environment and social gathering of the gym I go to.

did I forget to mention the hydro-massage beds and the tanning beds, and something they call red light therapy that I never use?

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