RodrigoMachado Posted February 14, 2011 Report Share Posted February 14, 2011 How much does it cost per week? Is it possible to make a gym profitable starting with the 50k loan? What steps must be followed if i want to make a 12 elite coach public gym with like 60-70 spaces? Quote Link to comment Share on other sites More sharing options...
XtremeT13 Posted February 14, 2011 Report Share Posted February 14, 2011 If you wanted to make a profit having 12 Elite coaches and only 60-70 fighters; You could pretty much only do this by charging $600 weekly fees and having only single elite coaches... I mean, there is a little room to wiggle with coaches you could probably pull off like 2 double elite coaches or 1 triple elite coach; it would kind of depend if you actually got 60 or 70 fighters in there. Best way is start off slowly. 1 coach at a time, just keep adding coaches as the gym increases in size and your still making profit. Do it all at once and your probably F'd. Just adjust gym fee's to match whats in the gym. No coaches: 20-50 bucks (depends if you have great sparring to go with it) 1 Elite: 100 or so bucks (depending how many fighters are there too) 2 Elite: couple hundred bucks (again depends how many fighters you have). Just keep adjusting the weekly fee's (BUT ALWAYS INFORM THE MEMBERS FIRST! so you don't lose them). and keep adding coaches and make sure the new gym fee's will allow profit. Quote Link to comment Share on other sites More sharing options...
Guest Posted February 14, 2011 Report Share Posted February 14, 2011 If you wanted to make a profit having 12 Elite coaches and only 60-70 fighters; You could pretty much only do this by charging $600 weekly fees and having only single elite coaches... I mean, there is a little room to wiggle with coaches you could probably pull off like 2 double elite coaches or 1 triple elite coach; it would kind of depend if you actually got 60 or 70 fighters in there. Best way is start off slowly. 1 coach at a time, just keep adding coaches as the gym increases in size and your still making profit. Do it all at once and your probably F'd. Just adjust gym fee's to match whats in the gym. No coaches: 20-50 bucks (depends if you have great sparring to go with it) 1 Elite: 100 or so bucks (depending how many fighters are there too) 2 Elite: couple hundred bucks (again depends how many fighters you have). Just keep adjusting the weekly fee's (BUT ALWAYS INFORM THE MEMBERS FIRST! so you don't lose them). and keep adding coaches and make sure the new gym fee's will allow profit. good answear if you are going to go with what you need you will be looking at 80 to 84 fighters, thats with the proper double and triple elites that a gym should have. JMO Quote Link to comment Share on other sites More sharing options...
Guest Posted February 14, 2011 Report Share Posted February 14, 2011 It's extremely difficult to make a profit off a public gym, especially with 12 elite coaches. And most people don't want to train at a public gym that makes profit because it will be poor quality training as a result. If it were me; I would start an organization because they are the single most profitable Company in this game. Ask anybody and they will tell you that making profit off a Clothing/Supps/Gym will be a challenging task Quote Link to comment Share on other sites More sharing options...
Guest Posted February 14, 2011 Report Share Posted February 14, 2011 We should get up a Buisness 101 post going with all the ins and outs of being successful with each buisness. Pros and cons, tips on what to do and what not etc. This would give people a better idea of which direction they want to go and keep people from opening and shutting down gyms orgs etc at the high rate were seeing now. Quote Link to comment Share on other sites More sharing options...
Guest Posted February 14, 2011 Report Share Posted February 14, 2011 1: Buy public gym with 12 coaches. 2: Fire all coaches on thursday before wages 3: ??? 4: Profits Quote Link to comment Share on other sites More sharing options...
XtremeT13 Posted February 14, 2011 Report Share Posted February 14, 2011 It's extremely difficult to make a profit off a public gym, especially with 12 elite coaches. And most people don't want to train at a public gym that makes profit because it will be poor quality training as a result. If it were me; I would start an organization because they are the single most profitable Company in this game. Ask anybody and they will tell you that making profit off a Clothing/Supps/Gym will be a challenging task Mmmmm, not entirely true: Yes, the gyms that run at the biggest losses week to week are the best gyms to train out, but typically you have to be part of their alliance or what not to train there and you typically supply them with money to help pay for coaches and such. There are still a lot of non-vip managers that aren't able to train in such facilities, so they need gyms to train at as well (there are still VIP's too). You can make a gym with 12 Elite coaches and make a small profit, if done with patience and properly. Granted you're going to be focusing on the single elite coaches; which allows you a couple 2 or 3 CT coaches, a couple Thai Coaches (kicks, knees, elbows) a couple takedown defense coaches, a clinch coach (triple elite), a couple strike defense coaches (double elite), you could even do a couple punch technique coaches (single elite: there isn't a huge huge difference between a single and double elite coach for punch technique) and if you go with 2 CT coaches you could add another kicks coach or something like that. At 75 members charging $600 you'd still profit around in the $2K range and average coach/fighter ratio would be like 6.25..... Heck you can even go with 80 capacity and the average ratio would still be 6.6 and then have a triple elite coach and 3 double elite coaches and 8 single elite and still profit..... 6.6 ratio isn't bad for a public gym with 12 elites, at least for the everyday user that can't access private gyms. Quote Link to comment Share on other sites More sharing options...
Face Kicker Posted February 14, 2011 Report Share Posted February 14, 2011 when i had my public gym, i started out with just the 50k loan and slowly hired more coaches and increased the weekly fees until i had 12 coaches. i also polled the gym members about each coach that i was hiring next, in order to try to retain as much business as possible while increasing the fees. the current game economy is far different from what it was way back then though, so you should be fine just starting out at $600 fees. here are the costs of coaches, in case you're unsure: single elite: $5,500 for the first week, $2,750 every week after that. double elite: $10,000 first week, $5,000 after that. triple elite: $14,500 first week, $$7,250 after that. you'll want to keep some cash in reserves, so i wouldn't suggest hiring more than 5 coaches to start. if you hire 2 double elites and 3 single elites it will cost you $36,500 to start, and $18,250 per week after that. if you start with a 40 member cap, then 32 members would cover your weekly costs, and the rest would be profit. i say 32 members (instead of 31) because i'm including the costs of gym equipment and cleaning. you also want to start with a low cap like that so that you don't scare people away. then, every 2 weeks, you can hire another coach and increase the cap a bit to compensate, and within a few months you'll be at 12 coaches. advertise the gym in your signature here on the forums, and you can even do things like going through the cozad gym in that city and emailing any fighters in it that could afford $600 fees (since a lot of noobs are slow to catch on to proper training, if they haven't read the wiki/forums). most important: -ONLY HIRE COACHES ON THURSDAYS- AFTER THE WEEKLY FEES PROCESS. if you don't do this, you're just wasting money. the WORST thing you could do is hire them on a thursday morning. -make sure you have everything in order before starting the gym. you want it to IMMEDIATELY attract customers, so make sure you have the gym picture/description/etc all ready to go right when you start it. -ADVERTISE. if people don't know about your gym, they can't join it. you can look for partnerships with an org or other company to help with this. Quote Link to comment Share on other sites More sharing options...
XtremeT13 Posted February 14, 2011 Report Share Posted February 14, 2011 Also, I would start off with with single elite coaches and save the double elites for when you have your gym about half or more full of what your capacity is, that way you've had time to profit money and bank it. 50K loan - triple elite signing fee/first weeks pay leaves you with 35,500: 3 single elite coaches would cost you 16,500, which is only 2K more than 1 triple elite.... So maybe start with 3 CT coaches and bring fighters in, then when you've profited from them a little add a take down defense coach or a thai coach or something (a great idea to poll the members of the gym first). Quote Link to comment Share on other sites More sharing options...
Face Kicker Posted February 14, 2011 Report Share Posted February 14, 2011 Also, I would start off with with single elite coaches and save the double elites for when you have your gym about half or more full of what your capacity is, that way you've had time to profit money and bank it. 50K loan - triple elite signing fee/first weeks pay leaves you with 35,500: 3 single elite coaches would cost you 16,500, which is only 2K more than 1 triple elite.... So maybe start with 3 CT coaches and bring fighters in, then when you've profited from them a little add a take down defense coach or a thai coach or something (a great idea to poll the members of the gym first). if he eventually wants a 12 coach elite gym, then hiring 3 circuit trainers would be a huge waste because he'll need to fire at least one of them (but probably 2 of them) at some point in time. he would be better off starting with something like this (in my opinion): elite circuit coach elite wrestling coach (split time between takedown offense and takedown defense) elite MT coach (kicks once per day, and alternate elbows and knees every other day) double elite boxing/MT coach (split punch technique and strike defense) double elite wrestling/BJJ coach (defensive grap once per day, and alternate subs and g-n-p every other day) that will cover all training areas (except for clinchwork), and will draw a much larger customer base than just a few circuit coaches would draw. if it's going to be a specialization gym (like a stand-up gym, for example) then that coach list could be adjusted like this: elite circuit coach elite wrestling coach (all takedown defense) elite MT coach (kicks once per day, and alternate elbows and knees every other day) double elite boxing/MT coach (all punch tech) double elite boxing/MT coach (all strike defense) i think there's a fine line between spending too much and not spending enough, when first starting the gym. something like what i've outlined above should be right in the middle, i think, unless it's in a city that doesn't really have a need for a new gym. Quote Link to comment Share on other sites More sharing options...
RodrigoMachado Posted February 15, 2011 Author Report Share Posted February 15, 2011 Thank you very much for all the answers, I have opened the gym http://www.mmatycoon.com/gympublic.php?gmid=1740 If you have fighters in Sydney, join it! Thanks again! Quote Link to comment Share on other sites More sharing options...
Face Kicker Posted February 15, 2011 Report Share Posted February 15, 2011 i think hiring that Jamar coach was a bit of a mistake, since he's not a double elite but is training things that require a double elite coach for maximum effectiveness, but you definitely picked the best location for the gym (from what i hear and see, sydney is in the greatest need of elite gyms) good luck! Quote Link to comment Share on other sites More sharing options...
Guest Posted February 15, 2011 Report Share Posted February 15, 2011 Should have waited until thursday to hire any coaches mate. Quote Link to comment Share on other sites More sharing options...
XtremeT13 Posted February 15, 2011 Report Share Posted February 15, 2011 Why do they ask and not listen? Good luck bro...I'd be extremely careful with your money for a while! It might take a bit for the gym to fill up, so expect losses, big losses for a few weeks. Quote Link to comment Share on other sites More sharing options...
CardiffWanderer Posted February 15, 2011 Report Share Posted February 15, 2011 We should get up a Buisness 101 post going with all the ins and outs of being successful with each buisness. Pros and cons, tips on what to do and what not etc. This would give people a better idea of which direction they want to go and keep people from opening and shutting down gyms orgs etc at the high rate were seeing now. I believe there are changes coming in most businesses so it may well be worth leaving this for a little time to see if they come to fruition. 1: Buy public gym with 12 coaches. 2: Fire all coaches on thursday before wages 3: ??? 4: Profits You shouldn't be able to do that now, coaches being released have been restricted (or were supposed to be) Quote Link to comment Share on other sites More sharing options...
RodrigoMachado Posted February 15, 2011 Author Report Share Posted February 15, 2011 When I realised it was monday, I had already hired... I just hope it doens't destroy my company. I'm mailing everyone in Sydney, I really need members. MY SINCERE GRATITUTE to all of you! Quote Link to comment Share on other sites More sharing options...
Guest Posted February 15, 2011 Report Share Posted February 15, 2011 Joined one of my best upcoming fighters - Michael Johnson. Quote Link to comment Share on other sites More sharing options...
Guest Posted February 16, 2011 Report Share Posted February 16, 2011 I believe there are changes coming in most businesses so it may well be worth leaving this for a little time to see if they come to fruition. Same thing can be said to the guides out there. Things are going to change anyway, the best way to do it is to make one and constantly update it. When I realised it was monday, I had already hired... I just hope it doens't destroy my company. I'm mailing everyone in Sydney, I really need members. MY SINCERE GRATITUTE to all of you! Good luck and I might join with one of my fighter depend on the population and etc on Thursday. Quote Link to comment Share on other sites More sharing options...
RodrigoMachado Posted February 16, 2011 Author Report Share Posted February 16, 2011 One question! I hired the coaches and it costed me 26.5k... in this thursday, will it cost me 26,5k AGAIN, or half of this? Quote Link to comment Share on other sites More sharing options...
CardiffWanderer Posted February 16, 2011 Report Share Posted February 16, 2011 One question! I hired the coaches and it costed me 26.5k... in this thursday, will it cost me 26,5k AGAIN, or half of this? Retention of a coach is half of the signing fee. So one that cost a signing fee of 26.5 will have a retention fee of 13.25k Quote Link to comment Share on other sites More sharing options...
RodrigoMachado Posted February 16, 2011 Author Report Share Posted February 16, 2011 2 other questions -What is 'upkeep budget'? What should I put there? - How do I clean the gym? I only see the option to replace equipment. Quote Link to comment Share on other sites More sharing options...
Guest Posted February 16, 2011 Report Share Posted February 16, 2011 2 other questions -What is 'upkeep budget'? What should I put there? - How do I clean the gym? I only see the option to replace equipment. upkeep stands for how much money is going into cleaning your gym. the max you should get is $12 per fighter but i find that $10 per fighter is enough to keep it pristine. hope that helps Quote Link to comment Share on other sites More sharing options...
Face Kicker Posted February 16, 2011 Report Share Posted February 16, 2011 yeah, 10 bucks per fighter should be plenty. Quote Link to comment Share on other sites More sharing options...
XtremeT13 Posted February 16, 2011 Report Share Posted February 16, 2011 Not to sound to much like a jerk...I mean, I'm all about helping people out. But seriously, read the wiki, it explains these VERY basic parts of the game. It is much faster than creating forum threads for every questions you come across and waiting for replies. 9 times out of 10 you can answer your own question from taking 2 minutes of searching and reading the wiki. Quote Link to comment Share on other sites More sharing options...
Guest Posted February 16, 2011 Report Share Posted February 16, 2011 Not to sound to much like a jerk...I mean, I'm all about helping people out. But seriously, read the wiki, it explains these VERY basic parts of the game. It is much faster than creating forum threads for every questions you come across and waiting for replies. 9 times out of 10 you can answer your own question from taking 2 minutes of searching and reading the wiki. I encourage everyone to dismiss remarks like these. Sure there is a lot of good stuff in the wikki but a lot of the info there is obsolete or can be explained much better or thoroughly. Plus a lot of people would rather wait for a specific question to be answered and then be able to get more help from the people who respond on some related questions they had. It also helps new players to get to know other players and socialize in a constructive way. It is not like there is a limit to how many posts there can be in a forum. If there is one I dont think any I have ever seen has hit it yet LOL. As for the oft mentioned forum search tool in similar posts to XtremeT13's, it sucks. It is almost worthless. I suggest to all new players that rather than waste your time with it just post a new topic if you dont get what you want on the first or second try with the thing. Quote Link to comment Share on other sites More sharing options...
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