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Wealthy Gym Owners - 77 - Evaluating a Market for a Second Location
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How to Evaluate a Market Before Opening Your Gym's Second Location
Doug and Pat discuss a framework for evaluating a market before opening a second gym location, emphasizing that not every "good deal" is a yes. Key criteria include household income by the specific age bracket you serve, using the gym's annual membership cost and aiming for it to represent roughly 3–5% of target clients' income; Doug suggests $120K–$150K household income as a practical floor for a ~$4,000/year model. Second, prioritize proximity to location one to avoid cannibalization, reduce…
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