Because they are all equally relevant to your future as a gym owner. Step 1: Executive Summary. Step 2: Company Overview. Step 3: Management. Step 4: Market Research and Marketing. Step 5: Services and Amenities. Step 6: Financial Projections. Step 7: Financial forecasting. Step 8: Financial Strategy.
Depending on whether the trainer is an “independent” or a facility trainer it can vary highly. In commercial gyms here in Southern California the split can be close to 60/40 with 60% going to the facility (holds true for LA Fitness, 24 Hour Fitness, UFC Gym, Golds Gym, etc.).
What Should be Included? Services (training routine) The trainer agrees to provide a service. Training Schedule. A schedule should be defined that mentions the length of each session (commonly 30-90 min) and when it will occur during the week. Fees. Term. Trainer's Obligations. Disclosure. Release of Liability (addendum)
Since gym contracts are usually binding legal documents, it is important to have a copy of them and keep them in a safe place. Your gym should be able to provide you with your contract. Gym chains can also have their membership requirements on their website.
Your gym should let you cancel your contract if you have a serious injury or illness that is preventing you from exercise. You'll need to get evidence from a doctor or medical professional to prove that you can't exercise. Talk to the manager at your gym.
California's Health Studio Services Contract Law, for example, limits gym contracts to three years and $4,400 in fees over the term of the contract. The law also limits cancellation fees to $100, or $50 if more than half the contract has already passed.