![]() In the next part of this article let’s take a look at what factors impact your salary. The approximate hourly rate of $33.40 can be misleading because gym owners often work more than 40 hours a week, especially in the early stages before they can afford more staff.īut as you can see averages and medians can differ, so don’t get too fixated on these numbers for now. This is the equivalent of $1,336/week or $5,789/month. It works out to be approximately $33.40 an hour. Let’s look at the ZipRecruiter numbers for example and break it down. ![]() , a jobs board and marketplace, estimates that the average salary for a gym owner is $61,005.reports that the average salary for a gym owner is $52,263 as of July 26, 2022.This number includes an average cash bonus of $28,193 per year from things like commission and profit-sharing. Glassdoor, a job review site and marketplace, estimated total pay for this role is $90,519 per year.ZipRecruiter, an American jobs marketplace, reports that as of June 2022, the average annual pay for a gym owner in the United States is $69,472 a year.Here is information from four of the top job and salary sites online. While there’s no defined average for a gym owner salary, there’s information online about the different wage brackets in the US. Keep in mind though that you should always be thinking about where you can invest in your business to improve your offering rather than only thinking about how to increase your pay packet. In this early phase your salary may be quite small, in line with what you were likely making in a part time job in high school or college! However, as you grow the business and generate more revenue and profit, your rate of salary should increase. That’s the way things work for most fitness entrepreneurs, especially if you are new to the game and opening your first location. The reality is, that as a business, you will be making a loss for the first while until you start turning a profit. It all really depends on your rate of growth of business and the expenses you incur to keep things running. How to increase profitability for your gym - and then increase your salaryįirst of all there is no defined average for a gym owner salary.The factors that will affect gym owner salary.More importantly we are going to give you three insanely practical and proven strategies from three well known fitness founders to help you with this growth and increase your salary along the way. That’s why, in today’s article, we are going to talk about the realities of how much a gym owner makes and what impacts this as you start the business and begin growing. Of course you need to live and put food on the table but you also need to be realistic. The point is you need to think about passion and proving your concept first before thinking about a gym owner salary. It quickly grew and she spotted a gap in the market for a science based high intensity workout and went all in, establishing the monstrously successful brand in 2010. Starting out of a spare room in her Florida home, she used her passion for Pilates to teach others in the local area. Take one of the most successful and recognised brands of the last decade, Orangetheory Fitness.Įllen Latham founded Orangetheory Fitness at 54, fourteen years after being fired from a previous job. The best fitness founders in the business built empires successfully because two very important things drove them – a passion for helping people get fitter, and the foresight to see a gap in the market with huge potential. If the answer is to just make money you will be joining the 81% of gym owners in the fitness industry who fail within the first year. That’s the reality, not only for gym owners, but for most entrepreneurs starting up a business.Īsk yourself this question before you do anything. You’re not going to make a lot of money owning a gym – not immediately anyway.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |