Chris Ryan and I work with a lot of clients together and have a long work history together before our consulting careers began. One of the things that keeps coming up for us with our clients in Discovery calls is: How much does it cost? How much money do I need to go get from a bank?
Rather than writing my own blog about it, I thought we'd have a conversation about it.
In the conversation we cover the main buckets of money related to building and opening a climbing gym:
Real Estate
Fundraising
General Contrator and Architectural costs
Walls & Flooring
FF&E: furniture, fitness equipment, etc
Operational set up: office supplies, holds, setting equipment, cleaning supplies, rental gear, retail stock, staff uniforms, etc etc
IT: computers, software licenses, phone systems, cameras and/or security systems, ipads for waiver stations, etc.
Staffing costs: Payroll runway
The short answer is: millions of dollars, but in this video, Chris Ryan and I talk about all of the nuanced decision making the goes along with the costs, the areas to watch out for, how to avoid wasting time and money, and how to set yourself up for success.
Opening a gym is expensive, and just the development phase can take a year or more and cost seven figures. Build a good plan, work with trusted experts and save yourself some turmoil