How Much Yoga Studios Make
Yoga studios are profitable businesses, especially in a community that has embraced exercise as a necessity. Several factors drive how much a yoga studio can make in a month or year. It might prove difficult to find the right statistics of the income earned, however, an average yoga studio with several students streaming in should make $7230 per month. This is the gross monthly income of a studio that receives close to 40 students per day.
The monthly profit should range from 15 to 20% for a healthy yoga studio business. The average price for a class in the United States is 10 to 20 dollars. If a class receives about 100 yogis per day, they should make an average of 1000 to 2000 dollars at the end of each class depending on their price. Therefore, at the end of the month, assuming that classes are five days a week, a yoga studio should have made $20,000 to $40,000 in revenue. The prices above are for an average studio that is probably in a fast-paced town, with most yoga studios receiving a range of 25 to 30 students. In that case, a start-up charging $10 each student, would earn a studio owner $5000 to $6,000 monthly, and $60,000 to $72,000 annually.
Class attendance is based on seasons, some may show up the full 5 times a week, others 2-3 times. The rate mostly falls during the holidays but is usually at a peak during the beginning of each year with many trying to reach their fitness goals and make due to their new year resolutions. A decline in clients per session lowers profit margins while being at a peak is the best part of a business in terms of returns. The numbers above may be confusing, as to how they are arrived at. Monthly income is calculated by counting the number of students each day, multiplied by the amount paid per session, add revenue each day to arrive at the gross income per month.
The cost of running a yoga studio is essential to how much they make on average. The larger the yoga studio, the more the amount paid in rent or lease. The rent for a yoga studio in a large city like New York can be leased for close or beyond $7000 per month. You could get a smaller yoga studio on rent for $2000 but would all depend on location. A yoga studio is only as good as its staff, gaining and retaining great yoga instructors will cost the owner. Most instructors charge either per session, student, or hour. As an example, let’s say a studio charges $10 per student, and an instructor receives maybe $2 per student.
If 50 students show up per session, an instructor bags $100. Your revenue as the owner will be 500 dollars but will have to pay 100 dollars to your yoga instructor. Not much revenue goes into equipment since they only need mats, maybe some music, and a class is ready to go. Calculating how much a yoga studio makes, it takes the gross monthly revenue to subtract from its total rent, salaries for yoga instructors, and studio maintenance.
Depending on incentives made to attract yogis, some owners could even make a six-figure salary at the end of the month.