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