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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.

WINESad
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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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