There's never been a resource like this before. Eighty-four pages of data-backed information on the state of the fitness industry, including:
- The types of gyms that are the most profitable.
- Where the most profitable gyms get the bulk of their revenue.
- How much gyms are paying their employees.
- How many gyms had to fire staff during COVID.
- Most gyms’ typical lead costs.
- How many gym owners are considering selling their businesses.
- And more.
Download it for free and follow along as Chris Cooper unpacks the data and explains what it means for gym owners like you.
Links:
The State of the Industry
Two-Brain Coaching
Wodify
Arbox
AGuard
Rigquipment
Incite Tax: Profit First for Microgyms
Gym Lead Machine
"Founder, Farmer, Tinker, Thief"
"Gym Owners Handbook"
Regional Meetups
Timeline:
1:48 – The fitness industry’s greatest test.
9:47 – How to read this report—and what it can do for you.
11:09 – Where the data comes from.
15:28 – Which gyms are the most profitable?
20:24 – Owner hours worked.
23:25 – Investment in marketing software.
25:13 – Profitability and years in business.
28:03 – Monthly expenses.
29:10 – Monthly spending and profitability.
31:47 – The cost of running a gym by segment.
34:39 – Owner hours worked by segment.
36:32 – Effective hourly rate across segments.
39:21 – Revenue models.
41:03 – Percentage of revenue from group training.
42:36 – Percentage of revenue from personal training.
43:19 – Personal training and pricing.
46:58 – Online coaching.
48:19 – Percentage of revenue from nutrition coaching.
48:34 – Supplement sales.
50:41 – Kids classes.
51:18 – Revenue structure by owner-estimated value.
53:44 – Digital marketing.
56:16 – On working with marketing agencies.
57:14 – The cost of a new lead.
58:10 – Conversion rates.
58:52 – Staffing.
1:00:51 – Coach compensation.
1:02:13 – Partnerships and business structure.
1:03:37 – Owner-estimated value.
1:05:24 – COVID-19.
1:07:09 – Gym size.
1:08:52 – CrossFit: Affiliation, affiliation and reaffiliation.
1:10:27 – Demographics and attendance data.
1:13:15 – Average revenue per member and length of engagement.
1:14:28 – Revenue and profitability.
1:16:06 – Leads and close rates.
1:17:58 – Cancellations and closures.
1:19:02 – Financing.
1:20:26 – How Two-Brain gyms compare.
1:24:10 – Who will lead the fitness industry moving forward? CrossFit Inc.?
1:27:21 – Gym associations?
1:29:16 – Franchises?
1:31:37 – Certifying bodies?
1:33:18 – Using data to let the best gyms lead.
1:34:41 – Bringing the best gym owners together.
1:38:53 – New tools from Two-Brain to help gym owners succeed.