Compact 24-Hour access gym

Members who want a cheap, flexible gym, such as shift workers, early risers, students and people who prefer training without classes.

Low-priced monthly memberships by direct debit, plus day passes and joining fees. Lower running costs mean you need fewer members to break even.

• Organised and reliable
• Basic equipment maintenance
• Online marketing and social media
• Comfortable with simple access and payment software

• Safety for unstaffed hours, speak to your insurer and a health and safety adviser about what they expect before you open
• Check the unit's permitted use, opening hours and noise limits with your council and landlord
• Public liability insurance, and cover for equipment and any break-ins or vandalism
• CCTV and member data must follow data protection rules, check what you need to register and display
• Equipment wear and repair costs, since heavy use of cheap machines can add up
• Lease terms and any personal guarantee, ideally have a solicitor review them

As an estimate, startup costs are typically around £25,000 to £80,000, depending on the unit, the equipment you buy and your access and payment software. Check lease terms and any personal guarantee, ideally with a solicitor.

Monthly revenue is typically estimated at around £3,000 to £15,000, depending on membership numbers and pricing. Heavy use of cheap machines can add repair costs, so allow for equipment wear when you plan your budget.

Speak to your insurer and a health and safety adviser about what they expect for unstaffed hours. Check the unit's permitted use, opening hours and noise limits, cover for equipment and break-ins, and data protection rules for CCTV and member data.