13 Successful Gym Entrepreneurs Who Are Killing It
These 13 successful gym entrepreneurs are killing it! These famous gym owner entrepreneurs are successfully building fitness empires in boutique fitness, MMA, yoga, personal training, and more.
Here are a few quick facts on this list of the the top gym owner entrepreneurs:
- The top gym and fitness entrepreneurs have various niche categories.
- Successful entrepreneurs have serious demand in each niche.
- The top entrepreneurs are both elite trainers, company CEO’s, and self-starters.
- With varied backgrounds, all own or helped found companies that have made or are worth millions of dollars.
In this article, we will cover our top 13 successful gym entrepreneurs in the gym and fitness industry. The thirteen chosen were decided based on several factors such as:
- Fitness niche category
- Overall Revenue
- Position or Title of Role in the business
- Product or service offered
- Availability and access to services by the general public
- Growth Momentum
Today, with over 60 million Americans owning a health club or gym membership – a number steadily rising since the fitness boom in recent years, one may not realize that just about half of that number have memberships at niche facilities and boutique gyms that offer specific training such as:
- Circuit Training
How much are those 61 million consumers paying for their memberships?
That depends on the franchise or niche-specific gym they have joined. From as low as $10 to upwards of over $200 and higher per month, an average gym membership cost sits around $60 a month, generating over $81 billion in revenue every year worldwide with the U.S. fitness and health markets generating a third of those revenues alone.
The following entrepreneurs covered in this article were selected based on the above factors, and their place in each growth stage of the fitness and health industry; from VHS videotapes with Billy Blanks to the founding of big franchise membership clubs, the creation of million-dollar app ideas, and those who have made a living as successful personal trainers and coaches.
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#1 – Josh York, Founder, GYMGUYZ
Josh York is an American entrepreneur and the founder & CEO of GYMGUYZ, one of the fastest-growing and most secure niche fitness brands today. Claiming the #1 position when it comes to delivering in-home personal training, bringing convenient, customized and creative workouts wherever it works best for the client.
Though Josh York is headquartered in Plainview, New York, GYMGUYZ operates over 250 franchises, an idea that began in 2008 with a laptop, vision, and the dining room of York’s parents’ home. Rising to the occasion to meet the demand for in-home personal training, GYMGUYZ received the go-ahead light for franchising in 2014, with the first Canadian GYMGUYZ franchise opening in 2017.
With a free initial visit for a full assessment of the potential client ranging from a body assessment, fitness level, and nutrition practices, sessions are one-hour long with reassessments taking place every fifteen weeks to make sure progress towards client’s goals are being met.
Trainers are equipped for the following offerings:
Stretching and Strength Training
Obstacle Course Training
Group and Corporate fitness training
Pre and post-natal exercise regimens
Teen and pre-teen fitness
Deep Tissue, Swedish and Sports Massage therapy
Cardio Fitness and Pool Workouts
Josh York, GYMGUYZ, their mobile fitness concept has 185 locations across 27 states and is already in two countries after only four years of franchising, providing customers with gym service and training in the comfort of their own homes. Ranked in Entrepreneur magazine’s Franchise 500, the brand saw a jump of over 200 spots in its second year of eligibility all the way up to #231.
Mobile fitness concept GYMGUYZ was recently ranked as one of Entrepreneur magazine’s Franchise 500®, the world’s first, best and most comprehensive franchise ranking. With the brand’s continued success and outstanding performance in areas including unit growth, financial strength and stability, and brand power, GYMGUYZ ranked #231 on the list (a total jump of more than 200 spots from the 2018 rankings) with this being only the brand’s second year of eligibility.
GYMGUYZ CEO Josh York had this to say about his brand and company:
“This ranking validates our tireless efforts to be a major player in the industry. We have a mobile concept in an important and ever-changing industry, and our success speaks to the fact that we’re able to change and adapt to the market. We take our franchisee relationships very seriously and do everything we can to help set them up for success.”
Are gym owners profitable?
Yes, gym owners can be profitable, but profitability varies based on several factors including location, size, target market, offerings, and operational efficiency. While large franchises or luxury fitness centers might see substantial profits, smaller or newer gyms may take some time to break even or achieve profitability. Regular expenses such as rent, equipment maintenance, staff salaries, and marketing can impact margins. However, with effective business strategies, diversified revenue streams, and efficient operations, many gym owners find success and profitability in the fitness industry.
What is a fitness entrepreneur?
A fitness entrepreneur is an individual who starts and operates a business within the fitness industry. This can encompass a wide range of ventures, from owning gyms or fitness studios, developing fitness-related apps or products, offering personal training services, to creating fitness content or online courses. Fitness entrepreneurs combine their passion for health and wellness with business acumen to build ventures that cater to the needs of their target audience.
How can I make money owning a gym?
Membership Fees: This is the primary source of revenue for most gyms. Offering various membership tiers or packages can attract a broader range of clients.
Personal Training: Offering personal training sessions can significantly boost income, especially if trainers are top-notch and results-driven.
Group Classes: Charging extra for specialized classes like yoga, pilates, or spin can add another revenue stream.
Merchandise: Selling branded merchandise like clothing, water bottles, or fitness equipment can generate additional income.
Nutrition Counseling: Offering diet and nutrition advice or selling supplements can cater to members looking for holistic health solutions.
On-site Amenities: Charging for amenities like massage services, saunas, or snack bars can increase profits.
Digital Offerings: Implementing online classes, webinars, or selling workout plans can tap into a broader market outside your physical location.
Events & Workshops: Organizing fitness events, challenges, or workshops can not only generate income but also promote community engagement.
How do I become a successful fitness entrepreneur?
Passion & Knowledge: A genuine passion for fitness combined with industry knowledge is crucial.
Understand Your Niche: Identify and cater to a specific target audience or market gap.
Continuous Learning: Stay updated with the latest fitness trends, technologies, and business strategies.
Network: Connect with other fitness professionals, attend industry events, and collaborate.
Diversify Revenue Streams: Don’t rely solely on one income source; diversify to ensure financial stability.
Invest in Marketing: Utilize digital marketing, social media, and other strategies to attract and retain clients.
Prioritize Customer Experience: High-quality service, a welcoming environment, and addressing client needs can lead to loyal members and word-of-mouth referrals.
Full Article: https://www.exercise.com/grow/successful-gym-entrepreneurs/