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Running a CrossFit Facility Tips and guidance on how to open and operate a CrossFit gym.

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Old 02-25-2012, 02:40 PM   #1
Michael Grennan
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Business Plan!

Hello,
I am in the process of opening a box and I need a loan. With that being said, I need a business plan! Can anyone share theirs so I can get an idea of exactly what it should look like?

Thanks,

Mike
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Old 03-13-2012, 08:38 PM   #2
David Wisniewski
 
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Re: Business Plan!

Your local chamber of commerce should be able to assist you with a business plan.
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Old 03-15-2012, 02:58 PM   #3
Page Johnson
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Re: Business Plan!

You can also look up business plan samples and templates on the web to get ideas.
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Old 03-16-2012, 07:24 AM   #4
Brendan McNamar
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Re: Business Plan!

You know your own market the best but be careful about borrowing money. If you do need to borrow keep it to the absolute minimum.

In my neck of the woods we are seeing a lot of gyms open up. So far everyone is surviving but at some point in time there may be too many. A loan payment is a fixed cost. You have to pay it whether you have a full or empty gym.

I started from home. We are about to sign our first commercial lease. I have already covered my investment to date and even pulled some money out to cover my own bills. There are bigger gyms around me that have more members but have not recovered their investment and it might be years until they do.

If you go broke it doesn't matter how good a program CrossFit is or how good a coach you are because you are not is business.

Just somethings to keep in mind. Not trying to discourage you, just the opposite want you to be successful.
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Old 03-16-2012, 01:23 PM   #5
Keith Martin
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Re: Business Plan!

http://web.sba.gov/busplantemplate/BizPlanStart.cfm WFS
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