How to Start a Yoga Studio ($180K a Year)

How to Start and Scale a Yoga Studio to $180K a year! There is a MASSIVE opportunity in the fitness space for pay per month classes. See how we can make money below:
How much does it Cost:
Lease a Building - 2,000 SQFT of Retail or mixed use space
$18 sqft = $36,000 for the year or $3,000 a month.
Buildout = $10,000 to build out suite.
$4,000 in other expenses (insurance, fees, equipment, mats)
$50,000 in Total Expenses Year 1.
How much can we Make:
$150 a month per person for unlimited.
20 people per class
5 classes a day * 20 people = Average 100 members
100 Members = $15,000 a month
CASHFLOW:
YEAR 1: $15K - $3K Lease - $1,200 (buildout etc.) = $10,800 month / $130K year.
YEAR 2: $15K - $3K Lease - $200 (ETC) = $11,800 month / $142K year
SOLO BUSINESS. You are doing everything.
Scale:
Need to add locations and find yoga instructors to pay by class.
Making per class? $10,800 a month, $2,700 a week, $385 a day, $77 a class (5 classes)
Cashflow $77 a class. Pay a instructor less than that. $40 a class.
Think of ways it will fail:
No memberships. Sales, Sales, Sales. Hard marketing, grand opening, word of mouth
Quality of class: You as the instructor or your instructors suck.
Location & Vibe is not attractive. Find a good location and a good build out.
Failing to Scale - subbing out yoga instructors.
Legal Up
LLC
Insurance
Waiver
Commit to Starting
#yoga #yogainstructor #fitness #businessideas #entrepreneurship

[@EmilyLam.fitness]

Such a great watch - thank you!

[@nate_indiana_jones]

Anytime! Go start one!!

[@ThegooddriverinLA]

You think like me bro 😊

[@nate_indiana_jones]

🫡🫡