Starting a personal training studio?

[gainingmass]

Me and a friend of mine have a deal made with one another that in 10 years or less we will open a gym together. What we have been discussing is whether it will be more profitable to have a public gym or a private personal training studio. The location will be somewhere along the Gulf Coast, possibly Destin, FL. Anyway I'm looking for some opinions as to what you guys think? Which would reap more money? Also, any suggestions or advice are more then welcome. Gym owners! I'm really looking for your responses but all are welcome! Thanks

 

[ERC]

I think there are too many factors with each one to be able to say. That is a such a broad question that I dont know where to start. What are your plans for each one if you decide to do it?

ERC

 

[BOOMSHAKER]

Going private is always a riskier business in itself. Because you have to rely on a high turnover rate of clients. Some may stick with you and help pay the mortgage while others will not come back for whatever reason and you have to create new clients again. If you open it to the public your inviting anyone and everyone. From those that will respect the gym and its equipment to those that don't really care and will break shit up or throw things around. So it really is a personal descision. If your gonna go private then you need less equipment for personal training. And if the business folds no big deal you have little overhead to worry about. If you open it up to the public then always lease your equipment when ever you can. And if the business folds up no biggie, they equipment company just takes it back. Best of luck bro!