A couple weeks ago I had a few conversations with gym owners about gym rentals and how the work at their gyms. I took a few different things away from those conversations:
- Always charge for rentals, with the possible exception of teams that are already consistent clients of yours. Even then the consensus was still to charge, but charge less.
- Things to consider when setting a price is what the space would be used for if not rented, if the rental will extend hours for any staff members, and if the rental is something that will improve your relationship with a customer or expose new customers to you.
- Have them sign a Rental Agreement accepting responsibility for whatever happens during the rental time.
- Make sure you are covered by insurance, whether it’s via your insurance policy or by being named as an Additional Insured on their policy, or both.