My coworker is about 215 and it's fine for him. That's about all I can assume for 240. It prolly wouldn't hold up to years of being your only pull up bar, but an occasional one I think it would do. The iron gym is pretty cheap, I bought mine at bed bath and beyond and used a coupon to boot. If you need a hardcore everyday gonna Kip and use wieght bar you may want to look into building a real rig.