How to Start a Spin Studio ($300K a Year) скачать в хорошем качестве

How to Start a Spin Studio ($300K a Year)

How to Start and Scale a Spin Studio to $300K 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. Bikes: $1,500/bike (bulk) 30 bikes = $45,000 $4,000 in other expenses (insurance, fees, equipment, mats) $95,000 in Total Expenses Year 1. $59K loan - $36K lease monthly so no loan Loan: 25% down = $15,000 - $44K loan 10yr = $581/month Total Monthly: $581 (loan) + $3,000 (lease) = $3,600/month How much can we Make: $200 a month per person for unlimited. 20 people average per class (5-6 classes a day) 125 members 125 Members*$200 = $25,000 a month CASHFLOW: YEAR 1: $25K - $3.6K Lease= $21,400 month / $257K year. - $300K gross Scale: Need to add locations and find spin instructors to pay by 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 spin instructors. Legal Up LLC Insurance Waiver Commit to Starting #spin #fitness #businessideas #businessowner #startup #entrepreneur