Financial

Cost of startup boutique fitness studio

What does it cost to start up a fitness studio? Of course this depends.   I’ve seen startups at $50,000 and I’ve seen startups at $1.5 million.  Since we define a boutique fitness studio as a 1500-3500 square foot space,  I would estimate the average startup cost across the U.S. to be $300,000 to $800,000. You…

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Fitness studio cost control, p&l and priorities

As owner and general manager of your business, the most important decision you make every day….is how to spend your limited time.  On the financial side of the business — should you focus on studio cost control and the p&l.  Or on driving revenue? Obviously all business owners need to do some combination of both…

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Fitness studio cost control, p&l and priorities

As owner and general manager of your business, the most important decision you make every day….is how to spend your limited time.  On the financial side of the business — should you focus on studio cost control and the p&l.  Or on driving revenue? Obviously all business owners need to do some combination of both…

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Equipment leasing basics

If your boutique studio concept has a significant equipment need, you will likely consider equipment leasing as an option.  Here’s how it typically works: You shop around and find the equipment you want You negotiate a price with the supplier You shop for a lessor (you may or may not choose to use the lessor…

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