Small indoor cycling studio

Local residents and office workers who want a group workout, from beginners to regular riders.

Drop-in class fees, class packs and monthly memberships. Extras include private group rides, corporate bookings and water or merchandise sales.

• Leading energetic group classes
• Managing a team of instructors
• Local marketing and community building
• Budgeting and lease planning

• Zoning, occupancy and building or fire code rules for a fitness use, check with your municipality before signing a lease
• Commercial general liability insurance, plus WCB/WSIB coverage once you hire (rules vary by province)
• Music licensing for public performance, check current SOCAN and Re:Sound requirements
• Long commercial leases and fixed costs, so test demand before committing
• Sound and noise complaints from neighbouring units
• Seasonality, some riders drift to outdoor cycling in summer

Startup costs are typically estimated at around $90,000 to $250,000 CAD, depending on the unit, number of bikes and fit-out. Monthly revenue is estimated at around $8,000 to $40,000, depending on class numbers and memberships.

Check zoning, occupancy and building or fire code rules for fitness use with your municipality before signing a lease. Also check commercial general liability insurance, WCB/WSIB coverage once you hire, and SOCAN and Re:Sound music licensing requirements.

Estimates suggest at least around 30 hours a week. Because of long commercial leases and fixed costs, test demand before committing, and watch seasonality, since some riders drift to outdoor cycling in summer.