Should I buy a personal training studio or start one?
Buying gets you a client book, trainers, a space and equipment from day one, but you inherit the studio’s habits and any problems. Starting gives you a clean slate and your own methods, but you build every client from nothing. The deciding question is usually whether you can bring clients with you.
People who want to run a training studio often assume starting one is the cheaper and simpler route. It can be, but the comparison is rarely that tidy. What you get when you buy is a running operation with people in it. What you get when you start is control over location, layout and methods, and no client book. Here is how the two compare on the things that matter most.
What buying gives you
An existing studio comes with a client book, a trainer team, a lease, equipment and a reputation. You can start earning from the first week, and a lender may be more comfortable with a business that already has records. The tradeoff is that you take on what comes with it, including old commitments, equipment that may be near the end of its life and a culture you did not build.
What starting gives you
Starting means you choose the location, layout, equipment and the way clients are trained. There is nothing to unpick. But there is no client book, no track record for a landlord or lender to look at and no team. If you already have a following of your own, that matters a great deal. If you do not, expect a slow first stretch.
Questions that tip the choice
- Do clients follow you personally, or would they need to be won from scratch?
- Would the current trainers stay under a new owner, and do you want them?
- Is the space and equipment what you would choose yourself?
- Can you live with the studio’s existing clients, schedule and reputation?
Compare it with similar choices
The same trade-off shows up in other service businesses, as in our answer on whether to buy a dog training business or start one. If you are new to the field, read whether you can buy a business with no experience before you decide.
Related reading
14 pages on the same subject, grouped by topic.
Buying
- Expert answerShould I buy a dog training business or start one?
- Expert answerCan I buy a business with no industry experience?
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- Expert answerHow do I judge whether a tattoo studio’s clientele follows one artist?
Due diligence
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
- 02Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
- 03Business Development Bank of CanadaGovernmentMajor pitfalls to avoid when negotiating a purchase agreement
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