Industry Analysis & Industry Trends
In the past five years time-strapped consumers became more prevalent, which resulted in higher demand for low-cost gyms with few amenities and month-by-month contracts. Furthermore, many health-conscious individuals have implemented fitness into their daily regimen, which has buoyed industry revenue. In the five years to 2019, the industry will benefit from the burgeoning elderly population becoming increasingly active, which will result in many baby boomers signing up for health club memberships. Additionally, the industry will benefit from the revitalization in consumer spending... purchase to read more
Industry Report - Starting a New Business Chapter
Overall, barriers to entry are relatively low for the Gym, Health and Fitness Clubs industry. Prior to the recession, operators successfully obtained financing from a range of sources, including financial institutions, landlords, equipment manufacturers, private equity sources and the public capital markets. However, in 2009, the credit markets tightened, which has limited further expansion for many gym, health and fitness clubs in 2009 and 2010.
Leasing, rather than owning, industry facilities provides a low-cost option for potential industry entrants. Additionally, average wages in the industry tend to be low, as staff are typically unskilled and provide training services on a part-time basis. Equipment costs are relatively low as well, and have long life spans... purchase to read more