killing to be made in mullingar

dor843088 · 16-04-2013 10:37AM #1

There is money to be made in opening a gym in Mullingar . There is no decently equiped gym here and lots of people iv spoken to both inside and outside any of the 2 frankly dreadful gyms here all say the same . The Mullingar park hotel is more a leisure centre that hasnt even got a bench press for gods sake its just full of cardio equipment and a handfull of machines and its around 600 euro per year ! The other is flex which has a decent variety of equipment but the place and all the equipment are both in bits and in some cases dangerous . I wrecked my elbow on the cable crossover because the cable has been replaced by a rope making it stiif and unpredictable . Someone please put the town of mullingar out of its fitness misery and open a decent well equipped place to work out . If you had 300 members at 300 euro each thats 90k !

squod · 16-04-2013 11:07AM

dor843088 wrote: »

. If you had 300 members at 300 euro each thats 90k !

Would be making huge losses at €90k. Even a fairly basic place. IMO get some people together (local adverts/forums) and set up a barbell club. Someone might have space a few people could use.

http://www.donedeal.ie/for-sale/gym/4855680

Scuba Ste · 16-04-2013 11:23AM

Podium gym. Look it up on facebook. It's a weightlifting club but I think they cater for general training now too.

dor843088 · 16-04-2013 11:26AM

squod wrote: »

Would be making huge losses at €90k. Even a fairly basic place. IMO get some people together (local adverts/forums) and set up a barbell club. Someone might have space a few people could use.

http://www.donedeal.ie/for-sale/gym/4855680

I dont agree 30k for initial equipment 10k rent 10to15k setup showers etc insurance another few grand . Assuming you arent employing anyone amI missing something?

nice_guy80 · 16-04-2013 11:28AM

not really a killing to be made

Park Hotel and Bloomfield hotel have gyms
then there's flex gym

and a lifting club

then rugby club have their own gym, as do many GAA clubs

thehamo · 16-04-2013 11:30AM

Rates, maintenance, tax, accountancy fees, sundries, slow take up to membership when opening, marketing, 300 peeople membership you would have to employ somebody else for insurance purposes I would imagine. Alot more goes on behind the scences that you just dont cater for in a simple calculation

ironclaw · 16-04-2013 11:30AM

dor843088 wrote: »

I dont agree 30k for initial equipment 10k rent 10to15k setup showers etc insurance another few grand . Assuming you arent employing anyone amI missing something?

Your not taking into account existing competition (Not matter how bad, people just 'like' a place etc) and population (Only 20k or so in Mullingar) Gyms make most of their money from the January and Summer rushes to 'get fit' After that they practically have no income. And you would need to employ competent people to comply with insurance regulations and they deserve a fair wage.

I think an insured, not for profit club would be a better scenario.

dor843088 · 16-04-2013 11:45AM

Im not well up on the expenses of doing business but if these other well below standard gyms in mullingar can stay open then a well run gym can do very well . Im sure people just dont bother because of the poor standards here .

dor843088 · 16-04-2013 11:50AM

Scuba Ste wrote: »

Podium gym. Look it up on facebook. It's a weightlifting club but I think they cater for general training now too.

Thanks for the suggestion I looked it up it seems to be just barbells and no machines which is not really what im looking for .

COH · 16-04-2013 12:15PM

The cost of kitting out a gym with good machines, some free weights (say a half decent set of dumbbells and a tonne of plates), and cardio equipment is astronomical... (Commercial treadmills can cost 10-15k a piece)... even making 90k a year through membership, and excluding the running costs, insurance, rates, rent, staff pay, things like IMRO fees, accountant fees, and the other billion things that cost money, like advertising, bin collection, stationary, VAT on the memberships, soon to be water charges, etc etc etc.... you'd be waiting a long time to see a return on your investment

kingshankly · 16-04-2013 12:47PM

I know it's on a different scale but the owner of felda gym in Dundalk has 10 million in the place

dor843088 · 16-04-2013 12:55PM

kingshankly wrote: »

I know it's on a different scale but the owner of felda gym in Dundalk has 10 million in the place

I just took a look at felda online and all I can say is wow what a gym it woild be a pleasure to workout there . Lucky b******ds in Dundalk !

WHIP IT! · 16-04-2013 03:04PM

kingshankly wrote: »

I know it's on a different scale but the owner of felda gym in Dundalk has 10 million in the place

Hmmm... I do a bit of work in Dundalk and occasionally stay overnight... anyone know if this place accepts walk-ins?

Hanley · 16-04-2013 03:10PM

COH wrote: »

The cost of kitting out a gym with good machines, some free weights (say a half decent set of dumbbells and a tonne of plates), and cardio equipment is astronomical... (Commercial treadmills can cost 10-15k a piece)... even making 90k a year through membership, and excluding the running costs, insurance, rates, rent, staff pay, things like IMRO fees, accountant fees, and the other billion things that cost money, like advertising, bin collection, stationary, VAT on the memberships, soon to be water charges, etc etc etc.... you'd be waiting a long time to see a return on your investment

You would NEVER see a return at that rate.

This is one of the most bizarre threads ever. 90k gross, a killing?! Nah. Maybe multiply it by 10x and you'd start to have a reasonable expectation of making some money.

WHIP IT! · 16-04-2013 04:48PM

WHIP IT! wrote: »

Hmmm... I do a bit of work in Dundalk and occasionally stay overnight... anyone know if this place accepts walk-ins?

Emailed em and, it doesn't, unfortunately...

Naos · 16-04-2013 05:31PM

kingshankly wrote: »

I know it's on a different scale but the owner of felda gym in Dundalk has 10 million in the place

That place looks like a carbon copy of Westpoint in Blanchardstown.

Oisinjm · 17-04-2013 01:28AM

Naos wrote: »

That place looks like a carbon copy of Westpoint in Blanchardstown.

Yeah it looks scarily similar in layout to the Carlisle Ben Dunne Gym as well. Seems to be much better equipment though along with an "assessment centre", a nutritional therapist and a few other things.

Oisín

Will Heffernan · 17-04-2013 02:51AM

COH wrote: »

The cost of kitting out a gym with good machines, some free weights (say a half decent set of dumbbells and a tonne of plates), and cardio equipment is astronomical... (Commercial treadmills can cost 10-15k a piece)... even making 90k a year through membership, and excluding the running costs, insurance, rates, rent, staff pay, things like IMRO fees, accountant fees, and the other billion things that cost money, like advertising, bin collection, stationary, VAT on the memberships, soon to be water charges, etc etc etc.... you'd be waiting a long time to see a return on your investment

You're such a negative nancy.

Will Heffernan · 17-04-2013 03:02AM

Hanley wrote: »

You would NEVER see a return at that rate.

This is one of the most bizarre threads ever. 90k gross, a killing?! Nah. Maybe multiply it by 10x and you'd start to have a reasonable expectation of making some money.

Just about every post in this thread has made me laugh uncontrollably...the kind of dangerous laughing where you are choking on your own saliva and hyperventilating.

I'll leave this thread to you and others here that are operating facilities in Ireland...but maybe one day I will post an 'Idiots Guide to Gym Ownership' if for no other reason than to open peoples eyes a little. I don't think there is any other idiot better qualified.

I've made more money just this year from my consultancy and seminar work than I ever made from my gym and this work is my sideline to my ACTUAL job.

Suffice to say anyone that goes into the gym business to 'make a killing' should be investing as much in a therapist as they do in their accountant.

dor843088 · 18-04-2013 07:27PM

Will Heffernan wrote: »

Just about every post in this thread has made me laugh uncontrollably...the kind of dangerous laughing where you are choking on your own saliva and hyperventilating.

I'll leave this thread to you and others here that are operating facilities in Ireland...but maybe one day I will post an 'Idiots Guide to Gym Ownership' if for no other reason than to open peoples eyes a little. I don't think there is any other idiot better qualified.

I've made more money just this year from my consultancy and seminar work than I ever made from my gym and this work is my sideline to my ACTUAL job.

Suffice to say anyone that goes into the gym business to 'make a killing' should be investing as much in a therapist as they do in their accountant.

Just as a matter of interest what type of consultancy or seminars do you give ?

kingshankly · 19-04-2013 01:26AM

WHIP IT! wrote: »

Hmmm... I do a bit of work in Dundalk and occasionally stay overnight... anyone know if this place accepts walk-ins?

If you stay in the fairways hotel next door (which is cheap to stay) they have an arrangement with felda. It's top class kept to a high standard with equipment and hygiene.

Will Heffernan · 19-04-2013 02:38AM

dor843088 wrote: »

Just as a matter of interest what type of consultancy or seminars do you give ?

Have two main areas...1. What I've always previously done i.e strength and conditioning and 2. Training and seminars in the 'security' area.

dor843088 · 20-04-2013 04:38PM

Will Heffernan wrote: »

Just about every post in this thread has made me laugh uncontrollably...the kind of dangerous laughing where you are choking on your own saliva and hyperventilating.

I'll leave this thread to you and others here that are operating facilities in Ireland...but maybe one day I will post an 'Idiots Guide to Gym Ownership' if for no other reason than to open peoples eyes a little. I don't think there is any other idiot better qualified.

I've made more money just this year from my consultancy and seminar work than I ever made from my gym and this work is my sideline to my ACTUAL job.

Suffice to say anyone that goes into the gym business to 'make a killing' should be investing as much in a therapist as they do in their accountant.

I also laughed at your post saying you would post an "idiots guide to gym ownership " when by your own admission your gym doesnt make any money lol . I hope your seminars dont include anything to do with making it in business or common decency because the first thing you did with your first post was to insult everyone and maybe thats a reason why noone wants to attend your gym YOUR ATTITUDE I wouldnt give you my money .

squod · 20-04-2013 05:20PM

dor843088 wrote: »

...........

What's this place like?

https://www.facebook.com/FlexGymMullingar

dor843088 · 20-04-2013 05:35PM

squod wrote: »

What's this place like?

https://www.facebook.com/FlexGymMullingar

Terrible all the equipment is from the stone age and I would class it as dangerous in some cases the cable cross cable has been replaced with a rope ! The dumbells are all odd and mismatched and welded together the benches are in bits I could go on !

Hanley · 20-04-2013 06:40PM

dor843088 wrote: »

I also laughed at your post saying you would post an "idiots guide to gym ownership " when by your own admission your gym doesnt make any money lol . I hope your seminars dont include anything to do with making it in business or common decency because the first thing you did with your first post was to insult everyone and maybe thats a reason why noone wants to attend your gym YOUR ATTITUDE I wouldnt give you my money .

Are you only allowed comment if your gym makes money?!

dor843088 · 20-04-2013 06:47PM

Hanley wrote: »

Are you only allowed comment if your gym makes money?!

No but saying your going to post " an idiots guide to gym ownership " when you cant get your own to turn a decent profit does make one look awfully silly especially after "laughing uncontrollably the kind of laughing that makes you choke on your own saliva and hyperventilate " the combo of the two quotes is just priceless lol

squod · 20-04-2013 06:51PM

dor843088 wrote: »

Terrible all the equipment is from the stone age and I would class it as dangerous in some cases the cable cross cable has been replaced with a rope ! The dumbells are all odd and mismatched and welded together the benches are in bits I could go on !

On the plus side it's only €780 a year lol. (€15 x 52 weeks.)

dor843088 · 20-04-2013 06:59PM

squod wrote: »

On the plus side it's only €780 a year lol. (€15 x 52 weeks.)

I think its 300 up front but hardly value for money considering the state of the place . But hey once theres no competition it wont change unfortunately

RUSTEDCORE · 20-04-2013 07:08PM

dor843088 wrote: »

Thanks for the suggestion I looked it up it seems to be just barbells and no machines which is not really what im looking for .

brah..d,you even left :cool:

dor843088 · 20-04-2013 07:18PM

RUSTEDCORE wrote: »

brah..d,you even left :cool:

Squat rack , lat pulldown , vertical row , cable cross , leg curl , leg press . While free weights make up 90% of my workouts I do use machines brah . I didnt know using machines to target specific muscles was not bro enough sorry man .

killing to be made in mullingar

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