In this video, I am going to show you How to pay yourself $100k per year while Running a Group Training Gym (CrossFit, Martial Arts, Bootcamp, HIIT, etc.) with just 150 full-price recurring monthly members. Without having to coach any of the classes or run the gym yourself And without having to run paid ads or discount anything And I am going to give you all the resources I show you here to go and use for yourself.
Breaking Down The Math
Gym Owners! Here is how you can reach $100k per year with only 150 members, fully staffed, with absolute FREEDOM from having to work in your business every day.
The math is simple. Let’s break it down:
Owner salary: $8,334/mo. ($100k/year)
Payroll: $10k /mo. (full-time mgr. & two part-timers)
10% Profit margin: $3k/mo
Total: $29,334 total
This is the amount of revenue you need to generate each month
To reach this number you need 150 members spending an average of $195 per month at your gym and you need them to stay.
If you do this, you will be able to…
– take $100k/year on salary
– pay a manager $70k/year
– staff out your remaining coachable hours
– cover all your rent, utilities, subscriptions, marketing costs, and bills
– have a healthy profit margin you can pocket or reinvest in your business.
If you are sitting stuck at 75 members (for example), then it’s simple.
We just need 8 new members a month for the next 10 months and you’ll be there.
So those are the levers you need to pull. It’s simple.
And none of this is going to happen if…
… you’re looking for the newest get-rich-quick gimmick.
… you’re looking for the easy way
… you’re thinking “I can do this all myself, I don’t need anyones help”
When I hear someone say those things, what I hear is “I am not fully invested in the long-term success of my business, and I don’t want to do any work”.
Look. Running a gym and building a business at the same time takes hard work and it’s hard work to maintain.
Still here? Good.
Here is what you can expect from me… actionable and predictable systems that work to grow a business and not just any business.
Specifically community-based gyms like boxes, affiliate gyms, and group training facilities.
If you’d like some help with that and you’re ready you’re to get to work then let’s work together.
If not, keep watching, I’ll continue to give you valuable strategies and tactics that work, for free.
And one day, maybe you’ll say “Man, his free stuff really helped me, maybe I’ll try the paid stuff.”
Just being honest.
Onward and upward.