Your own martial arts dojo or studio

Families with children, adults and teens who join on monthly memberships, plus members training several times a week.

Recurring monthly memberships, with extra income from grading fees, uniforms and gear, birthday parties, camps and school-break programs.

• High-level technical skill and teaching experience
• Running a business and managing a budget
• Marketing and member retention
• Leading and scheduling other instructors

• Zoning, occupancy and fire code rules for fitness uses, and any business licence your municipality requires
• Commercial general liability insurance and property insurance for the premises
• Long commercial leases, which are a big commitment; get advice before signing
• Winter heating costs and seasonal dips in sign-ups, especially in summer
• WCB/WSIB registration once you hire staff; rules vary by province
• Membership contract and cancellation rules, which differ by province; check consumer protection rules
• Waivers, injury plan and police record checks for staff working with children

Startup costs are typically estimated at around $15,000 to $60,000, depending on the unit, the fit-out, mats and equipment. Winter heating costs and a long commercial lease are also worth factoring into your budget.

Monthly revenue is typically estimated at around $4,000 to $20,000, depending on your membership numbers, timetable and instructors. Sign-ups can dip seasonally, especially in summer, so plan your cash flow accordingly.

Check zoning, occupancy and fire code rules for fitness uses, and any municipal business licence. Also check insurance, advice on long commercial leases, WCB/WSIB once you hire, provincial membership contract rules, waivers, and police record checks for staff working with children.