CrossFit affiliate ownership is a very appealing business venture to Most gym owners perspective . The costs for entry May Appear to be very low at first , and in relation to many other businesses They actually are. Here is a list of some of the costs You Should Be Aware of When thinking acerca opening your own CrossFit gym .
1. Affiliation. Currently , as of July 2013 CrossFit affiliation costs $ 3,000 per year . This is a cost That must be paid up front and is a reoccurring expense each year you wish to REMAIN a CrossFit Affiliate .
Two . Insurance. Every CrossFit gym must have an insurance policy covering it's owners, trainers , facilities , and members . There are several companies out there That will insure a CrossFit gym , but make sure you choose the right one . Most traditional fitness insurance policies are not structured to cover the unique activities performed in a CrossFit gym . CrossFit Risk Retention Group is probably the Most popular company out there and They offer affordable prices as well . The average cost for insurance will run you CrossFit Between $ 1,000 - $ 3,000 per year Depending on the size of your facility , number of members , and a variety of other factors.
Three . Permits . Obtaining Permits for the right gym can be your one of The most frustrating pieces of owning your new business . Make sure you hire the right real- estate agent and learn the Regulations of the area in Which you will be operating . Permits for a CrossFit gym can cost anywhere from $ 100 up to $ 10,000.
April . Property. Finding the right location for your gym is so important That you can Provide a safe and adequate area for your members to work out . You will need enough square footage to allow you to fit enough clients to pay your bills , but you do not want so much space That the cost is too high for you to pay your rent to Afford . Remember to budget up to 4 months rent (first two months and last two months) as a down payment. Some property managers will accept less, but be prepared to pay out some cash up front regardless. Rent on a CrossFit facility can cost you anywhere from $ 1,000 - $ 20,000 + Depending on the size and location of your facility .
May . CrossFit Level 1 Certificate . Every CrossFit affiliate owner must Obtain the CrossFit Level 1 Trainer Certificate before being approved for affiliation . The cost for this certificate is currently $ 1,000. The certificate is good for 5 years , At which point you must pass the certification test again .
6. Equipment . Depending on the size of your facility and number of members you start with , you will need some equipment to run your workouts When you open your doors . For a minimal equipment list , you can see an example here : CrossFit Equipment . You should budget anywhere from $ 5,000 - $ 20,000 + for your initial equipment purchase .
7. Technology . You will need a Computer with some type of management software and Microsoft Office at Least a Package in order to keep your Organized CrossFit gym . You will probably want a printer and scanner as well in order to be able to print receipts , documents , and any other paperwork you need to Might During the daily operations of your gym . Budget $ 1,000 for These type of technology items to be safe .
The costs to open a CrossFit affiliate May seem small to some, and large to others . It is important to properly budget your finances prior to opening your gym . Proper planning prior to opening will allow you to focus on the important things are eleven open your doors , like training your members and creating a positive and motivating environment Within your box .
