Gym Business in Nairobi with 500k to invest - Ideas - Wazua

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Gym Business in Nairobi with 500k to invest

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Wine		#1 Posted : Tuesday, March 16, 2010 8:36:17 AM
Rank: Member Joined: 3/4/2008 Posts: 11		Hey wenye mawazo, I have a business idea, start up a gym but i really cant find much info online in Kenyan context. I have 500k to invest, my questions are; Do i buy existing or start up a new one? what is the best target group? which is the best location(town,estate or shopping centres)? HOW ARE THE RETURNS-for those of you in this venture? and any other info you think will help me in this venture. WINE
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sizzla		#2 Posted : Tuesday, March 16, 2010 10:14:02 AM
Rank: Member Joined: 6/10/2006 Posts: 201 Location: Nairobi		Try buying cheap equipment from gyms experiencing financial problems e.g Goldies in South B. You will probably get good stuff at a bargain...
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kizee		#3 Posted : Tuesday, March 16, 2010 12:27:05 PM
Rank: Member Joined: 1/9/2008 Posts: 537		wow...500k will maybe get u a few cardio machines..sori my man..if u want a gym to target the clientel that will be repeat customers u will have to invest in a proper gym with all manner of equipment...i wud conservatively estimate u need around 5mio...
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anasazi		#4 Posted : Tuesday, March 16, 2010 12:43:31 PM
Rank: Veteran Joined: 6/8/2007 Posts: 675		True, 500k would barely scratch the surface in gym equipment... Form is temporary, class is permanent
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kizee		#5 Posted : Tuesday, March 16, 2010 12:50:09 PM
Rank: Member Joined: 1/9/2008 Posts: 537		especially for a commercial gym..if ur lukin to set up a hardcore facility with weights pekee 500k wud be fair..the clientel wud not be the type that pay u regularly tho..its a trade off my man...
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