Your own yoga studio

Regular local students on memberships, drop-in visitors, and workshop or course attendees.

Monthly memberships, class packs, drop-in fees, workshops and retail items such as mats. Rent and teacher costs need to be covered before profit.

• Yoga teaching qualification and experience
• Managing a budget and lease
• Marketing and community building
• Rostering and managing teachers

• Lease terms and ongoing rent, which are a fixed cost even in quiet months
• Council approval for the use of the premises, plus any building or fire safety requirements, check with your local council
• Public liability insurance, and workers compensation insurance once you hire (state schemes)
• Whether teachers are employees or contractors, check the rules with the Fair Work Ombudsman or an accountant
• ABN, and GST registration once turnover reaches the threshold

Startup costs are typically around $10,000 to $50,000, depending on your lease, fit-out and equipment. These are estimates. Rent is a fixed cost even in quiet months, so check lease terms carefully before signing.

Monthly revenue is typically around $4,000 to $20,000, depending on your timetable, memberships, workshops and drop-in numbers. These are estimates, and ongoing rent is a fixed cost even in quiet months.

Check council approval for the use of the premises and any building or fire safety requirements with your local council. Also check public liability insurance, workers compensation once you hire, whether teachers are employees or contractors (ask the Fair Work Ombudsman or an accountant), and ABN and GST.