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Gym Business Plan : How to start a gym business In india

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Gym Business Plan : How to start a gym business In india

In today’s time, due to lifestyle and hectic schedule, gym needs are increasing. This is where a person can spend a few hours of his day and feel fresh all day. In today’s time, everyone wants to look fit and live, for this, they need to maintain their lifestyle and stay healthy. It is seen that along with the increase in population, lifestyle diseases like sugar, blood pressure, etc. are also increasing. According to the data received, about 10 to 15 percent of people today are getting annoyed with Serious Sugar disease and about 30 to 35 percent people are getting annoyed with diseases like Blood Pressure, Heart Problem, Cholesterol and Hypertension.

Apart from all this, obesity is the most serious problem nowadays which everyone suffers from. Therefore, in view of all these things, there is a great need of the gym and hence there is a lot of scope in the gym business. If you are also thinking of starting a gym or fitness center, then this is a good idea in which you can achieve success.

How to get a gym license in India

To get your gym license or to set up your gym in India, you need a police NOC. It is necessary for every person who wants to set up their own gym or fitness center in India. You can apply it both personally or online. If you live in a small city, then it is possible for you to run the race, but if you live in a big city, then it would be better to go personal and run the race, that you do this process online. You can get more information about this by going to your local police department.

How to register a gym in India?

If you want to start a gym, then you must first ensure a good place for it. You should first calculate the cost involved in this, when you make sure only then do further planning. The Indian government provides you with the registration of gym as a limited or private limited firm only. This gives you security and transfer ability from promoters. When you have transfer ability, you also have the right to sell the gym to someone else if it is not functioning properly.

SSI Registration

You have to register your gym in your nearest taluk under the small-scale industry in India. This gives you your license and other level of protection in future.

Registration Process

The gym is not covered under industrial units, so initially you have to apply on a provisional basis for its registration. When you process the application for this, then you are provided with a temporary provisional certificate from the government.

When your gym starts and the business is set, you can apply for a permanent license for it.

When you apply for permanent license then you should take care of the following points (In case of applying for permanent registration you may have to consider following points.)

You have got other approvals including NOC, only then you are eligible to get permanent license. Before applying for a permanent license, you should complete all the formality at the local level.

You will have to give details of all the investments made for all the equipment and space of your gym as well as all other investments.

If the annual turnover through your gym is more than 9 lakhs, then you will have to apply for service tax.

How to open a Franchisee Gym?

Before starting a franchise gym, you have to consider the type and format of the gym. There are mainly two types of categories available for gyms in India.

Weight Lifting, Gym with Gym and Cardio equipment: This is a popular type of gym that includes equipment for weight lifting, cardio and gym by which gyming is done. In this, training is given to reduce weight, make body for boys etc. For this, it is very important for the instructor to have knowledge and understanding of all these things and machines.

Fitness Center: This is a slightly expansive type of gym, in which training is given to increase weight, decrease and lead healthy life. This type of gym includes aerobics, yoga, various postures, martial arts etc. Therefore, it is necessary that the instructor also has a good knowledge of all these things.

It completely depends on you and your location what kind of gym you want to start. But before starting any kind of gym, you must have complete knowledge of it. Remember that the amount invested to start any kind of gym is very large, so it is necessary to consider thoroughly before reaching any decision.

Process for set

Gym or fitness center is an industry in which you need big investment. Therefore, it is necessary that you prepare the plan related to your business center properly and get advice and other discussions with a senior person in this field.

When your plan is properly prepared, then your next task is to prepare a complete list of the investments that will be made. This will give you an idea of ​​how much money you have to manage.

Now you should take action on all the licenses for your gym or franchise. And along with this, the process of local registration should also be done.

After this, you should get the information and price of all the equipment installed in your gym. Some companies demand the training of equipment and deposit for other equipment, so it is important that you are aware of it beforehand.

If you want a loan for your business, then it is necessary that you go to different banks and get information related to it and apply for it. Nowadays, many types of schemes are also being run by the government, through which you can take a loan at a low price for your new startup. If you want, you can get information about it too.

After managing all these things, you can start your business, but still you will need a lot of hard work and dedication to manage it. Only then you can succeed in your objective.

How to start a gym without money?

Although it is not possible to start any business without money, but still here we are showing some ways by which you can start your own gym without money.

If you are short of money and have good knowledge and experience of all these things, then you can rent some space in a gym or fitness center and do your work. Apart from this, you can also provide gym training to people by going to their home.

If you want to work in this field, then you can also do a trainee job in a good and famous gym or fitness center.

Apart from all these, you can start your own fitness center at a very small level in your house without any modern equipment. Here, you can train your student with yoga, different asanas and aerobics and different dance forms.

If you want, in the beginning, you can take your class in the garden of different colony in the morning, in which you can give yoga training to people of every class. Yoga is the initial means by which our forefathers lived fit and health, even today it is very much in vogue which you can use, but it is necessary that you have complete and accurate knowledge of it.

Gym Equipment list and prices:

The most important thing for the gym is the equipment used in it. You can get information about these devices from home sitting on the net online. Here we are giving information about some good online gym equipment suppliers, which includes the list and price of the equipment.

https://www.fitness-world.in

http://www.jeraifitness.com/

https://dir.indiamart.com/impcat/multi-gym.html

Total Investment

The total investment of your business is based on the size and level of your business. In the below point, we are giving you some estimate of your investment which will be useful in your planning.

If your business size is medium and you want to start it in an area of ​​about 2500 to 3000 square feet, then according to us you will have to invest about 70 to 80 lakh rupees in your business. These rupees include all your expenses such as interiors of the place, expenditure of equipment, marketing and advertising expenses.

If you want to start a business at a higher level than this and your size of the place is 3000 to 3500 square feet, then your investment also increases. You have to spend around 80 to 90 lakhs for this. This will include the cost of the interior, equipment costs and marketing advertising.

If you want to start from 3500 to 4000 square feet in a bigger place than this, then your expenses will increase to about 1 crore.

Profit Margin

The profit of the gym depends on the locality where you started the gym. It also depends on the number of customers of your gym and their fees. According to us, if you invest 70 to 80 lakhs in your gym, then you can earn about 15 to 20 lakhs in it annually.

Marketing strategy

Marketing is the most important thing for any business, without it the development of your business becomes difficult. In some points below, we are telling you some marketing methods that will work for you.

The most popular way to market any gym or fitness center is various offers. You can attract your regular customer by giving an annual package or by giving some attractive schemes to the new customer.

Apart from this, you can also promote your center by advertising on your local news channel or by distributing pamphlets. You can also promote yourself through various attractive hoardings.

If you want, you can promote yourself in various colleges too. Hospital is the best place for promotion for fitness center, you can go here and promote your center by telling different patients the benefits of fitness.

Apart from this, you can also promote yourself in your gym by giving extra facilities like steam bath, dietician facility etc.

Market area for Gym Business

Your target customers can be from the corporate sector, who want to keep some time away from their busy routine for exercise.

Apart from corporate related individuals and businessmen, you can also attract housewives and gents to come to your gym.

Apart from all this, you can invite players and such youth for training in your gym who are preparing for various exams and want fitness training.

Precaution

Precaution is the thing that you have to take in every trade so that you can avoid various losses and troubles. We are telling you some things related to this business, which you should take care of.

First of all, you should prepare your business plan completely, so that you can get an idea of ​​the problems coming in advance. Because the amount of investment in this business is very high, you should take information about insurance and government schemes in advance, so that if you can get any kind of benefit then you will not be deprived of it.

Apart from this, you should get the people coming to your center to submit their health certificate in advance so that you can get them gyming and other activities according to their health. Apart from this, as a precaution, you should get them signed on the contract made in which all the things are sure.

You should keep in mind that all the people who train in your gym should train, as well as you should also take care of all the customers personally whether their training is getting right or not.

 

Bhanu Garg

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