In this video, I break down the TRUE cost of running a basketball facility.. Most people have no idea of all the hidden costs of running a basketball gym. If you want to own or open your own gym you need to know how much it will ACTUALLY cost to run on a monthly basis.
There is so many expenses that go over most people's head. It is not just the lease payment or even utilities, this video I go through small things such as payroll/accounting services, general upkeep, supplies, scheduling software, and even payment merchant so you can accurately run the numbers if you are looking to open your own facility.
I also take this video from the angle of someone who wants to open a facility for the purpose of renting out the court.. Running a gym for the sole purpose of renting it out can be a tough business model as I will show you in this video. It is certainly possible but this video will give you a good depiction of what it would really take.
Overall, it is not as easy as some think to "just open a basketball gym" it is absolutely possible, especially depending on the area you are in, but understand what it'll really require and look like.
I hope this video helped all of you guys understand everything that goes into running a basketball facility from a financial point of view.
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