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

Описание: 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