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High Opportunity

Gyms Market Analysis
Sydney, NSW

Is Sydney a good place to open a gym? Here's what the data says.

Demand
75/100
Competition
54/100
Opportunity
89/100
Avg Rent
$5,000–$12,000/mo

Score Breakdown

Market Demand75
Competition Level54
Opportunity Score89

Best Suburbs

Top areas for gyms in Sydney

CBD & Circular Quay Surry Hills Newtown Bondi
Key Success Factors
Ground floor or easy access
Large floor space
Residential density
Car parking

Market Insight

Sydney presents a high opportunity for gyms. With a population of 5.3M and an average income of $82,000, the fundamentals are strong. Key success factors include ground floor or easy access and large floor space.

— Locatalyze Market Analysis Engine

SWOT Analysis

Gyms in Sydney — market-level factors

Strengths
  • Massive market size
  • Gyms demand in Sydney is strong
  • Established local customer base
Weaknesses
  • Extremely high rent
  • Gyms market has moderate competition
  • Staff recruitment can be challenging
Opportunities
  • Growing Sydney population
  • Residential density
  • Delivery platform expansion
Threats
  • Rising commercial rent
  • Changing consumer preferences
  • New market entrants

Typical Costs for Gyms

Startup Investment
$100,000–$600,000
Includes fit-out, equipment, licences and working capital
Monthly Revenue (Mature)
$30,000–$120,000
Average for well-located, established gyms

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Takeaway
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