GATORADE GYM BUDGET

ONE-TIME COSTS

ITEM AMOUNT ($)

Physical Location Varies
Gym Equipment 10,000.00
Certifications 500.00
Licenses and Permits Varies
Legal & Processing Fees 9,000.00
Insurance 12,000.00
Building Improvements & Remodeling 20,000.00
Computer Network & POS System 550.00
Signage 20.00
Employee Uniforms Varies
Miscellaneous Gym Supplies 500.00
Merchandise Varies
Advertising Varies
Website 300.00
Operating Cash 1,000.00

MONTHLY COSTS

ITEM AMOUNT ($)

Mortgage or Lease Payments Varies
Insurance Varies
Permits Varies
Equipment Lease Payments 4,000.00
Utilities Varies
Equipment Repairs and Maintenance 2,000.00
Cleaning Supplies 150.00
HVAC Maintenance 50.00
Phone and Internet Service 75.00
Employee Wages Varies
Payroll Taxes or Self-Employment Taxes Varies
Credit Card Processing Fees Varies
Marketing 100.00
Legal and Professional Fees 1,000.00
Miscellaneous Expenses 1,000.00
The average pricing of 12 leading gyms in USA is 37.71 $ this is a true representation of

the whole fitness industry where the low end subscribers pay 31.00 $ to the high end ones who

pay 44.42 $ (runrepeat.com). By the end of December 2020 the per capita income in the us was

33740.800 $ (Oronce et al., 2020).

References

Bruce, D., Gurley-Calvez, T. J., & Norwood, A. (2020). Taxes and entrepreneurship: A literature

review and research agenda. Foundations and Trends® in Entrepreneurship, 16(5), 393-

443.

https://runrepeat.com/gym-membership-cost

Lum, A. (2017). HealthyLife Gym, LLC: A Business Plan. California State University, Long

Beach.

Oronce, C. I. A., Scannell, C. A., Kawachi, I., & Tsugawa, Y. (2020). Association between state-

level income inequality and COVID-19 cases and mortality in the USA. Journal of

general internal medicine, 35(9), 2791-2793