Specialist Accountants for Gyms & Fitness Professionals
You’re more likely to achieve your Personal Best with input from a specialist accountant when setting up and running a gym, fitness bootcamp or personal training business.
Our clients range from self-employed personal trainers and fitness franchises to private gyms in the Thames Valley. As a result, we have wide experience advising our diverse fitness professionals on their accounting and financing requirements.
Accountancy services for gyms and fitness franchises
Here are some suggestions of the services we can offer you:
- Preparation of company and annual accounts
- Corporate finance and business valuations
- Business advice for start-ups and going concerns
- Buying and selling a business
- Forecasting
- Fitness Franchise advice
- Corporate tax advice and returns
- Management accounts
- VAT advice and assistance with returns
- Bookkeeping
- Payroll
- Tax planning
Gym startups
Setting up a medium sized gym requires an average initial investment of approximately £100,000, and around £35k for gym equipment.
That said, there are considerable tax incentives available such as:
These tax reliefs are complicated and are best advised on by a specialist accountant, but they may reduce your tax liability significantly.
UK gym and fitness franchises
Perhaps you are considering investing in a fitness franchise which may lower your risk and costs and should offer you professional services support? They range from adult gyms, to childrens’ development, personal training, and boutique to boxing establishments.
We can support you with accountancy and business services if you decide to buy into a sports franchise. And if you’re considering selling a franchise opportunity in your own business, we can help you structure and price that too.
Popular fitness franchises
- Anytime Fitness
- Jetts Fitness
- Curves
- Easy Gym
- Snap Fitness
- truGym
- Energie Fitness
- Orangetheory Fitness
- Gravity Trampoline Parks
- 9Round
- Hybrid Fitness
- Pro-Fit
- The Little Gym
Accountant for fitness bootcamps and personal trainers
Your accounting needs will be simpler than for gyms and large fitness studios: you’re probably self employed and may not have staff to pay, but you should still use an experienced accountant. You probably haven’t got too much time on your hands anyway!
We’ll help with:
- Self assessment preparation and submission
- Maximising your taxable allowances such as training kit
- Bookkeeping or cloud accounting
Adding value
Employing an accountant who has specialist knowledge of the gym and fitness sector, can save you time and money as we know how best to structure your accounts to maximise your income and profits. As a UK based accountant within a Top 20 UK network, we will speak to you in a language you can understand, and our solid reputation should give you confidence that your business is in safe hands.
Next steps
Contact us for any personal-training or gym related accounting requirements now.
