WHAT SHOULD DETERMINE GYM SUBSCRIPTION RATES.
- Investment worth✅
- Running Cost✅
- Equipment Shelf life✅
- Expected/Intended running or operation (lease period)✅
- Gym owner salary✅ Ask any GYM INVESTOR how they came up with their subscription rate, the answer will be the obvious one… Because most gyms in that area charges the same range. A 10million worth GYM with equipment whose shelf life is 5 years should be giving you an average PROFIT of 166,000Ksh every month. With PROFIT i mean, you have already paid yourself and the 166,000Ksh is your investment return. Five years time (you have your 10million Kenya shillings back).
You should be in a position to replace the same equipments at the same value you bought them.