Startup cost: $5k - $100k

Starting a gym as a side hustle can have varying costs based on the scale and equipment needed. Low-end estimates for setup costs range from $5,000 to $10,000, while high-end estimates can go up to $50,000 to $100,000. The money would typically be spent on leasing or purchasing space, gym equipment, liability insurance, cleaning supplies, and initial marketing. Essential items include basic gym equipment and insurance, while optional expenses might include specialized machines or amenities. Hidden fees may include maintenance costs, unexpected repairs, or license renewals. Many find that costs can creep up once committed due to unforeseen expenses. To take this seriously, budgeting between $10,000 to $50,000 would be advisable.