Gymnastics club with its own gym

Parents of children from toddlers to teens, plus families booking holiday programs and birthday parties.

Ongoing membership or term fees, squad fees, competition entry fees, holiday programs and party hire. Rent, coaches and equipment are the main costs.

• Qualified gymnastics coaching and safety knowledge
• Managing and rostering coaches
• Business planning and parent communication

• Council zoning, building and fire safety approvals for the premises
• Public liability, accident and property insurance, plus workers compensation once you hire
• Working with Children Checks for all staff, and your state's child safe obligations
• Lease terms and ceiling height, as these can limit what equipment you can use
• Quiet periods such as school holidays and winter, which can affect cash flow
• Check when GST registration is required and how employee wages and super work

Startup costs are typically around $40,000 to $150,000, depending on the premises, fit-out, fixed equipment and insurance. These are estimates, so get quotes and check lease terms before you commit.

Monthly revenue is typically around $8,000 to $40,000, depending on class numbers, squads, holiday programs and parties. These are estimates. Plan for quiet periods such as school holidays and winter, which can affect cash flow.

Check council zoning, building and fire safety approvals for the premises, and lease terms and ceiling height that may limit equipment. Also check insurance, Working with Children Checks for all staff, your state's child safe obligations, and GST, wages and super.