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How to Turn Your Vacant Commercial Property into a Successful Gym 

How to Turn Your Vacant Commercial Property into a Successful Gym 
by John Carlucci - May 18, 2022,

Ever since the pandemic, commercial properties have had a hard time rebounding. With more people working from home and a greater number of businesses moving online, there hasn’t been much demand for such spaces. 

If you are stuck with a vacant building that you can’t sell off, you still have the opportunity to turn it into a fitness center and turn a profit. Here is how you can manage this: 

Find a Profitable Niche 

As you are probably aware, fitness centers are a dime a dozen. Due to this, you will need to find a way to make your business stand out from the rest. To do this, find the right niche for you. You may want to focus your efforts on a female audience instead of a male one. 

Or, you may choose to offer your services to an older demographic instead of a younger one. Do your research and discover which niche will be most profitable to you. This will give you a clearer idea of the direction that you should move in. 

Keep Equipment to a Minimum 

You may only want to run a gym business until you can find a buyer for your commercial property. Thus, it is best not to invest in much equipment at the moment. There is no need for concern, however. From bodyweight exercises to simply using stretch bands or smaller weights, you can still offer plenty of options to your clients. 

It is a good idea to do some research and calculations and determine what kind of equipment or tools would be best for the kind of gym that you are running. In many cases, a yoga mat and a good instructor are all that you really need. 

Invest in the Right Technology 

The one investment that you can’t avoid making is in technology. These days, people expect any service they interact with to be high-tech. Therefore, make sure to get yourself something like the Wellness Living gym management software – this will also make your operation a lot easier to run. 

Of course, it is important to tailor your selection to the kind of services that you are offering. For instance, are you offering specialized classes such as martial arts? In this case, you would need to get martial arts software for such a service.  

Use Marketing to Your Advantage 

Remember to start marketing your new business before it is up and running. Once you know your target demographic, you can determine where to post ads and related advertising materials. Look for social media platforms and sites that these individuals are most likely to visit. 

You should also look for a related business that you could partner up with. They can be great for spreading the word, particularly since you are new to the industry. The more marketing you do, the greater the chance of turning this business into a success. 

These are the top guidelines that you should follow if you wish to turn your vacant commercial property into a gym business. It can take some effort and time, but you should be able to turn it into a success fairly quickly!

Author

  • John has worked alongside Real Estate Giants across USA and Canada for decades. Since he started Prudentialcal, he has been actively rendering service as business adviser to many companies in the real estate industry. He formed Prudentialcal in hopes of providing the most reliable stories and information there is in the vast industry of real estate

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