ACCOUNTANCY FOR GYM OWNERS
Specialist accountant for gym owners
Running a gym means there’s a lot more to think about than getting your accounts filed and knowing what you owe in tax.
Membership income, staffing costs, equipment, rent, VAT, cash flow and rising costs all affect what really matters: whether your gym is actually making money.
At Koyn, I specialise in accountancy and financial planning for gym owners across the UK, helping you understand what’s happening behind the turnover and use your numbers to make better financial decisions.
Book a Clarity CallA busy gym isn’t always a profitable gym
More members and more revenue can look like growth.
But if your staffing costs have increased, equipment repayments are eating into your cash, your overheads keep creeping up or you’re still not paying yourself what you want, more turnover doesn’t necessarily mean you’re building a stronger business.
And as your turnover grows, VAT can have a big impact too. Planning for it before you reach the registration threshold gives you time to understand what it could mean for your pricing, profit and cash flow, rather than dealing with it after the fact.
That’s why I want you to know more than how much money came into the gym last month. I want you to understand what you’re actually making, where the money is going and whether your gym is performing the way you need it to.
Because the goal isn’t just to build a busier gym. It’s to build a profitable, sustainable one that pays you properly too.
Know your numbers before you make your next move
Running a gym means making financial decisions all the time.
- Can you afford another member of staff?
- Is it time to invest in new equipment?
- Do you need to increase your prices?
- How many members do you actually need to cover your costs?
- Can you afford to pay yourself more?
- And when is the right time to expand?
These decisions shouldn’t be based on what’s sitting in the bank account or whether you’ve had a good month.
I’ll help you understand the numbers behind your gym, so you can make those decisions based on what the business can actually afford.
More than just your year-end accounts
Of course, I’ll make sure the accountancy side of your business is taken care of.
But your numbers are much more useful when we look at them throughout the year, not months after your financial year has ended.
Your accounts tell us what’s already happened. I want your numbers to help you plan what happens next.
Depending on the level of support you need, that could mean looking at:
- How profitable your gym actually is
- What you need to earn each month
- Cash flow and what’s coming up
- Planning ahead for VAT and tax
- Staffing costs and whether you can afford to hire
- Pricing and membership income
- Paying yourself properly
- Budgeting and forecasting
- Planning for equipment, expansion or your next big investment
Accountancy support that grows with your gym
Not every gym needs the same level of financial support.
You might simply want to know that your bookkeeping, accounts and tax are taken care of and that you have a clear picture of where your business stands. Or you might want regular management accounts, financial planning and someone to sit down with you throughout the year to review your numbers and plan ahead.
That’s why Koyn has three levels of ongoing support:
Foundation
For getting the financial foundations right.
From £175 per month
Performance
For understanding your numbers throughout the year and making more informed decisions.
From £350 per month
Performance+
For gym owners who want regular financial planning, forecasting and strategic support as the business grows.
From £600 per month
DIGITAL COURSE
Planning to open your own gym?
The best time to get your numbers right is before you open the doors.
It’s easy to get caught up in finding the right premises, choosing equipment, planning the fit-out and getting ready to welcome your first members. But you also need to know what it’s actually going to cost to open, what your monthly costs will be, how much the gym needs to earn and how long your money needs to last while you build your membership.
That’s exactly why I created The Gym & Studio Financial Roadmap: a step-by-step digital course that helps you plan your start-up costs, monthly costs, Financial Target, VAT, cash flow and your first 12-month Financial Roadmap.
Because opening the doors is only the beginning. You need a financial plan for what happens afterwards too.
£49
Explore the RoadmapONE-OFF FINANCIAL PLAN
Already have an accountant but need a financial plan?
You don’t necessarily need to change accountants to get more clarity over your numbers.
Maybe you’re thinking about hiring, investing in new equipment, increasing your capacity or making another big change in the business. Or perhaps the gym is busy and bringing in good revenue, but you’re not seeing enough of that money yourself.
The Growth Accelerator is my one-off financial strategy service for gym owners who want to step away from the day-to-day and look properly at where the business is now and where they want it to go. Together, we’ll turn that into clear priorities and a financial plan you can actually use.
£495
Explore the Growth AcceleratorLooking for an accountant who understands your gym?
Whether you’re looking for a new accountant, want more support with your numbers or you’re not quite sure what level of help you need, let’s have a chat.
Tell me a little about your gym, where the business is now and where you’d like to take it, and we’ll work out the right next step.
Book a Clarity Call