CrossFit Risk Rentention Group

With the popularity of CrossFit and other high-intensity fitness programs, it is no surprise that more people want to open their gyms. When they are thinking about opening a CrossFit gym, the question on many people’s minds is: how much does it cost?

Many components go into calculating the cost of opening a CrossFit gym. The most apparent factor is location, which will vary greatly depending on where you live. In addition to location, there are things like what type of building you want to lease or buy, how much equipment and inventory your gym needs, and whether or not you plan on hiring staff.

In this blog post, we will discuss the costs for you to make an informed decision before you start building your dream!

Why Open a CrossFit Gym?

CrossFit is America’s new craze for a fitness program. However, CrossFit is not for the faint of heart. It’s a high-intensity workout that combines Olympic weightlifting, aerobics, gymnastics rowing, and more to ensure maximum work in as little time as possible.

Gone are the days of traditional gyms and workout routines that don’t mix well with your schedule! It has you covered, offering high-intensity weight training mixed in with cardio and gymnastics to make up their one-of-a-kind workouts. There have been more than 15000 boxes created worldwide, so it seems like this trend will continue as people realize how great these intense sessions genuinely are!

CrossFit offers everyone from beginners to experts who want an easy start into exercising or those looking for something fresh after being stuck on the same routine at other gyms.

crossfit_closeup holding kettlebell

Traditional Vs. CrossFit Gyms

CrossFit gyms are totally different from traditional gym chains, such as Planet Fitness, L. A Fitness and 24-Hour fitness centers. In a CrossFit gym, you don’t find pools or steam rooms. In most cases, there aren’t even mirrors on the walls!

The first thing that greets members of this upbeat workout center is barbells with bumper plates they can drop overhead or Olympic lifting platforms high up near the ceiling for powerlifters to use if they want some extra heavyweights.

There are also climbing ropes attached for gymnasts who like to fly through the air while doing pull-ups and chin-ups off them too. For those not looking for strength training but rather cardio workouts instead, there are rowers set up where athletes can grab hold of an oar and pedal up to 5000 meters in their hour.

CrossFit gyms provide a much more intense workout than traditional gym memberships, and they come with considerably higher membership fees. It justifies the high price by noting that it offers individualized coaching from your coach throughout the workout. This is very different from how other people in regular gyms are usually left to fend for themselves on machines or free weights without any help at all.

Costs of Opening a CrossFit Gym

Starting your CrossFit gym is different than opening a traditional one. While franchises have guidelines to follow, affiliates (CrossFit gyms) don’t, and you’re on your own when it comes down to determining what’s best for the community that will be using this space!

It can take some time before deciding who should lead each class or how often new equipment needs restocking, but in the end, all of these decisions are up to you, so make sure they reflect your style.

Becoming A CrossFit Trainer

The first thing you need to do to open your box gym is to attain Level 1 CrossFit certification. This costs $1,000 and needs a weekend course; there are higher levels of training for trainers up to level 4 specialty classes if coaching children or people with disabilities. Keep in mind that this training has to be renewed after every five years.

Remember, each trainer you hire should also undergo this training at your expense as the CrossFit gym owner. You may opt to have apprentices to help the CrossFit trainers, but only trainers require certification.

Ongoing Expenses

When opening a CrossFit gym, you are required to pay $3,000 to corporate offices annually for using the logo, promotional materials, brand, and promotion on the CrossFit website. This annual fee is constant even when there is an increase in other expenses.

You also need to factor in rent for your facility, insurance, marketing, salaries for your trainers, equipment costs, and utilities. Remember, you will be in charge of sales, marketing and accounting until you can afford to hire out.

Initial Costs

A CrossFit gym will cost you between $20,000 and $50,000, including your $1,000 level 1 training fee and $3,000 paid to the corporate offices. CrossFit gyms don’t have much equipment, unlike traditional gyms, but gym equipment can still be expensive.

crossfit_closeup putting on weight lifting gloves

Finally, Running the CrossFit Gym; How Much Do You Charge Members?

Once you have figured out your ongoing expenses and initial costs, you can calculate your membership fees to help you make a profit. For instance, if your fixed monthly costs are $6,300, divide the fixed cost by the number of members to determine the profit margins.

The monthly membership fees for a CrossFit gym are usually between $100 and $200. Although this is significantly high compared to traditional gyms, CrossFit gyms are a specialty, and members will be willing to pay more to access your facility.

It is possible to earn a decent living from owning your CrossFit gym. If you are qualified and have business savvy, this can be an excellent opportunity for any entrepreneur who loves working out! You would only need at least 150 members paying $150 per month in membership fees, which will generate monthly revenue of around $22,500; enough to make up all expenses, including yourself receiving paychecks as well as generating profit.

In Summary;

The cost of opening a CrossFit gym varies depending on the location, size, and equipment desired. When you’ve found the right spot for your new gym, it may be time to start thinking about what type of insurance coverage will best suit your needs. At CrossFit RRG, we offer a competitive rate on our affiliate and independent policies, which can protect you from liability, property damage, employee injury, and more. We work with many gyms across the country, so if you have any questions or need assistance, don’t hesitate to contact us!