Punching above their weight: Boutique gyms finding their niche in the face of competition, rising costs
Opening a competitive commercial gym will set potential owners back at least S$750,000 – a figure that’s been increasing
Opening a boutique gym can cost a minimum of S$750,000, a sum that has been on the rise in recent years, according to Singapore. Li Kun Rong, a 31-year-old entrepreneur, took a risk four years ago to establish Storm Athletic Club. With initial funds of less than S$70,000, he purchased basic exercise equipment, but was forced to forego sufficient training mats to cover the gym's flooring. Today, Storm Athletic Club boasts around 100 regular members.
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