Gym for sale in Whitecourt Alberta

[Talo]

50,000 will get you everything.

If I had the cash u would do it myself. If anyone wants to invest in this it's a great deal. I would help run it if your not in this area . Prob makes around $200,000 a year

[buildinthaskinnys]

I will wager the lease is up on the building. Any idea What the previous lease was?

[Talo]

Aprox $1500 a month in rent and prob another $1000 in hydro.

I'm not 100% sure on the details in that area.

There is aprox 400-500 members and this is a 24hr gym ( cardlock) . The only gym in town that has any decent weight.

The owners have had some bad habits for awhile now and it finally caught up with them. So basically a person just needs to pay off the debt and it's theirs.

[waderow]

probably grosses 200K you meant, provided there are 500 year round members at 35ish per month

less:

lease which I cannot see being lower then 30000 per year even if its a shit hole

utilities including phone 12000-20000 per year depending on how many phone lines etc.

marketing 6000-12000/year depending on yellow pages

wages (2 helpers and yourself) 160000/year

equipment repairs and maintenance 5000/year

accounting $2000/year

fees 3000/year

I can see why they are getting out. my quick and dirty shows a loss, and a loss means you dont get paid

I would sooner buy the equipment, make a ****ing Awesome home gym, and then auction the rest of hte shit by piece

[Talo]

Rent is 5000 a month , so it is 60,000 a year.

I just talked to the owner of the bldg.he will let it go for 50,000 because they are about 7 months behind in rent.

They are crack heads so they had no choice. Anytime they tried to make a go at it .... Well they didn't. Good manager could make it work.

I'm holding out for the auction , might be able to pick up some cheap plates.

[JacktheThriller]

any link for the place pics or anything

[waderow]

Rent is 5000 a month , so it is 60,000 a year.

I just talked to the owner of the bldg.he will let it go for 50,000 because they are about 7 months behind in rent.

They are crack heads so they had no choice. Anytime they tried to make a go at it .... Well they didn't. Good manager could make it work.

I'm holding out for the auction , might be able to pick up some cheap plates.

offer him 25G for the equip before I do :)

[Talo]

If I had it I would.

Just going to see if I can get .20 per lb.

Or maybe someone will step up and buy it .

[Talo]

Now I'm forced to go to the Rec center that might have a total of 400lbs . I will be taking a trip to Edmonton a few times a month to get some suit work in.

I'm ****ed until I get my own cage and weights.

[GYMBRAT]

hmmm, Theres an idea! ......ya have any other contacts to pm me bro?

[Talo]

You bet

[Memo]

If you need staff let me know.

[GYMBRAT]

yeah ...I may be seriously looking into this as a side investment for myself!

[Talo]

Info sent , bro .

[GYMBRAT]

awesome thanks bro!!

[_Z_]

accounting $2000/year




really?!?

i need a new f'n accountant

thieving bastards

[physique]

160,000 for wages. how the hell did u come up with that waderow? thats 50k a year per staff member. lmao. **** i will work there.

12,000 -20,000 on utilities??? thats hard to fathom without seeing it on paper. $500 at most i pay here. x 12months is 6k a year. insurance is another $3k.

on the other hand. gyms are a hard go. i know first hand. u have to love helping people, as the profit after everything is paid is very slim. you would make more with a fulltime job paying min wage. (unless waderow is your boss, lol)

[Andre]

If 2 crack heads can get close to 500 paying members then it's worth buying...

Trust me... I own 3 gyms...

Utils are close to $2000 a month for me with hydro, phone and internet all factored in...

Keep in mind it's a 24 hour automated club... if it's well setup you are only staffed 12 hrs a day during the week and 6-12 hours on the weekend...

So roughly 66 hours a week... say you pay someone to work half of that time @ $10 hour... you are looking at 32G's a year... maybe 50G's if you are paying a performance bonus... then you are left with the profits as your income...

Utils are cheaper if your members don't mind working out in a sweatshop in the summer and fridge in the winter :)

[waderow]

Two at 40g and 1 at 80 g. I need 80 myself to live the lifestyle I like

12000 is power phone lines fax internet gas water sewer. Easy 12g and prob 20g.
Mine on 1000ft office\retail and 1000ft shop is 12g. M - F 730-5

My numbers are close

[Talo]

Utils are close to $2000 a month for me with hydro, phone and internet all factored in...

Sounds about right.

This place could easily get away with having one person work 2-3 x a week for about 4-6 hrs a day. The rest is cardlock 24-7. Add in some venting machines with protein shots , bars , etc .

[waderow]

If 2 crack heads can get close to 500 paying members then it's worth buying...

Trust me... I own 3 gyms...

Utils are close to $2000 a month for me with hydro, phone and internet all factored in...

Keep in mind it's a 24 hour automated club... if it's well setup you are only staffed 12 hrs a day during the week and 6-12 hours on the weekend...

So roughly 66 hours a week... say you pay someone to work half of that time @ $10 hour... you are looking at 32G's a year... maybe 50G's if you are paying a performance bonus... then you are left with the profits as your income...

Utils are cheaper if your members don't mind working out in a sweatshop in the summer and fridge in the winter :)

Maybe in Ontario


You couldn't hire a 14yo kid for 10$ in whitecourt

[waderow]

Sounds about right.

This place could easily get away with having one person work 2-3 x a week for about 4-6 hrs a day. The rest is cardlock 24-7. Add in some venting machines with protein shots , bars , etc .


You need staff

Supplements
Training
Cleaning
Girls will be more apt to sign up
Keep guys from wrecking shit and messing it up

Grow the business bro


It won't grow and run itself

[Talo]

They paid theri staff $12 an hour and that was after time put in. Started around $8.

[waderow]

They paid theri staff $12 an hour and that was after time put in. Started around $8.

I am sure they were awesome and really contributed to the growth of the business

8$ shit. I haven't earned that since 1993

[Talo]

Yeah , they were usless tits. High school students. Didn't do a dang thing but play on the computer all the time.

[SARGE]

I would never lease,paying for a dead horse.Buy or build.And i would never have a gym as my sole income.They are to risky.At least if you own the building & land you can lease it out or sell it.

[waderow]

I would never lease,paying for a dead horse.Buy or build.And i would never have a gym as my sole income.They are to risky.At least if you own the building & land you can lease it out or sell it.

most people cant come up with a million to build a new location from scratch, so they lease. in most communities, you have no choice, as the prime retail land is bought up by multi million or multi billion dollar corps who only build to suit lease.

[physique]

Two at 40g and 1 at 80 g. I need 80 myself to live the lifestyle I like

12000 is power phone lines fax internet gas water sewer. Easy 12g and prob 20g.
Mine on 1000ft office\retail and 1000ft shop is 12g. M - F 730-5

My numbers are close

depends on the city u live in.
as my staff doesnt make anywhere near 40g a year. and the utilities numbers u posted are now where near what i pay at my gym.

[waderow]

depends on the city u live in.
as my staff doesnt make anywhere near 40g a year. and the utilities numbers u posted are now where near what i pay at my gym.

i think a few posts back andre posted he pays 20g for his gyms

as far as wages....well, all depends what you want for a staff member. want a kid who steals and doesnt give a shit or want a person who shows up, and respects the business. 38g per year minimum plus payroll expenses and ei and wcb will be about 40g and will bring in a decent person. not much less in whitecourt, and in fact, 40g is **** all in whitecourt....an oil field town. probably get a house wife for that

[EpicPhaill]

i think a few posts back andre posted he pays 20g for his gyms

as far as wages....well, all depends what you want for a staff member. want a kid who steals and doesnt give a shit or want a person who shows up, and respects the business. 38g per year minimum plus payroll expenses and ei and wcb will be about 40g and will bring in a decent person. not much less in whitecourt, and in fact, 40g is **** all in whitecourt....an oil field town. probably get a house wife for that

Maybe you haven't heard. Oil industry right now is shit! People don't make the money they made 2 years ago. Jobs aren't as easy to come by. Just because you pay someone 40K a year doesn't make them less of a thief then the high school kid. There's a lot of kids who just want to be in that atmosphere. You just need to find the right ones.

[waderow]

Maybe you haven't heard. Oil industry right now is shit! People don't make the money they made 2 years ago. Jobs aren't as easy to come by. Just because you pay someone 40K a year doesn't make them less of a thief then the high school kid. There's a lot of kids who just want to be in that atmosphere. You just need to find the right ones.

maybe i havent heard?? lol
i have an idea about what is going on in alberta.

trust me. 8 bucks an hour will only get you a retard

[EpicPhaill]

maybe i havent heard?? lol
i have an idea about what is going on in alberta.

trust me. 8 bucks an hour will only get you a retard

sorry sarcasim doesn't come through well in written form.

So call it an even 10 @ part time. It is a card locked gym. But I don't really care it's not like I am gonna buy it. Just saying don't let your experience's with dumbass kids label everyone out there. Not all kids are handed everything they want. Theres a few kids that work at the gym here for dirt cheap that I would trust to do the job, and aren't handicapped

[Delt King]

Anybody going in there without experience and a boat load of money to back yourself up with is only setting themselves up for failure.
make sure you do Due Diligence on this set up is all i can say.
I owned a 10000 square foot gym for a few years and my expenses were in the range of $25000 month. Sold now thankfully lol.

[waderow]

sorry sarcasim doesn't come through well in written form.

So call it an even 10 @ part time. It is a card locked gym. But I don't really care it's not like I am gonna buy it. Just saying don't let your experience's with dumbass kids label everyone out there. Not all kids are handed everything they want. Theres a few kids that work at the gym here for dirt cheap that I would trust to do the job, and aren't handicapped

I have plenty of experience with all sorts, and 10 bucks will get you nothing. 12 will get you nothing
until you get around 16, you have nothing and even then you have to make sure you dont lose them if they are good to the guy down the road willing ot pay him 18.

you want a warm body to do nothing and show up when they want? pay 10. You want someone who will show, be intelligent, look after your shit, not steal, stick around and not go get another job in 3 month, then offer benefits, and 15 minimum. even then, as the patch heats up, you will probably lose them

[waderow]

Anybody going in there without experience and a boat load of money to back yourself up with is only setting themselves up for failure.
make sure you do Due Diligence on this set up is all i can say.
I owned a 10000 square foot gym for a few years and my expenses were in the range of $25000 month. Sold now thankfully lol.

exactly, its a loser if you ask me, experience or not.

I bet there isnt even 500 members

[EpicPhaill]

Well If it does go to auction, there may be some sweet deals on equipment. How many squat racks do they have?

[waderow]

Well If it does go to auction, there may be some sweet deals on equipment. How many squat racks do they have?

this is what interested me... going in and offering 25g for equipment only.... see if he bites

[physique]

I have plenty of experience with all sorts, and 10 bucks will get you nothing. 12 will get you nothing
until you get around 16, you have nothing and even then you have to make sure you dont lose them if they are good to the guy down the road willing ot pay him 18.

you want a warm body to do nothing and show up when they want? pay 10. You want someone who will show, be intelligent, look after your shit, not steal, stick around and not go get another job in 3 month, then offer benefits, and 15 minimum. even then, as the patch heats up, you will probably lose them

i disagree. i have young people hired for this gym. and at best they make $9.00 a hour. no benfeits. and i still have great service here and no one has stolen shit from me in the 9 years i have had this place. like someone said you have to find the person that may want to get into this industry and work there way up.
i am not saying this will happen everywhere by any means, but u cant group all fitness centers under the same umbrella.






on another note i just brought in a jacobs ladder this morning. this machine is a BEAST for doing cardio on.
http://www.youtube.com/watch?v=F2cV2zVSP7Q

[gixxman]

Is the building for sale also...if yes...size...price and pics would be good

[waderow]

i disagree. i have young people hired for this gym. and at best they make $9.00 a hour. no benfeits. and i still have great service here and no one has stolen shit from me in the 9 years i have had this place. like someone said you have to find the person that may want to get into this industry and work there way up.
i am not saying this will happen everywhere by any means, but u cant group all fitness centers under the same umbrella.
on another note i just brought in a jacobs ladder this morning. this machine is a BEAST for doing cardio on.
http://www.youtube.com/watch?v=F2cV2zVSP7Q


well, in alberta youd be lucky to get someone good. not like whitecourt has a university to pull students from.

[waderow]

Is the building for sale also...if yes...size...price and pics would be good

i understand their space to be leased for 5g per month

[physique]

well, in alberta youd be lucky to get someone good. not like whitecourt has a university to pull students from.

neither does campbell river. tech school and thats it. and those people are here for 6 months tops doing a level in their trade.
mute point though, we are basically saying the same thing. in the end gyms are a hard go, and i would never get involved in one again.
only positive i have from my gym is the fact it enabled me to open a fitness store, and a restauarant.

if i only had the gym i would of been back delivering pizzas long ago to live

[gixxman]

i understand their space to be leased for 5g per month

i know but some lease agreements have option of buying building just wondering...think keep looking at residential property

[Talo]

I don't think you would be able to buy this building.

Well , everything is forsale for the right price . Not sure what it is though.