Small fitness studio with classes

Local residents who want a friendly, coached setting rather than a big gym, usually paying monthly.

Memberships, class packs and drop-in fees, with extras like personal training, workshops and seasonal challenges.

• Coaching and class leadership
• Managing a budget, lease and schedule
• Marketing and member retention

• Commercial lease commitments, get advice and avoid long terms until you have steady members; first and last month's rent and deposits add to upfront costs
• Fit-out costs such as flooring, mirrors, lighting, changing areas and washrooms, which can be significant, so check what the landlord will cover
• Zoning, occupancy and business licence rules, check with your municipality
• Commercial general liability and fitness professional insurance, plus WCB/WSIB coverage if you hire staff
• Music licensing for classes, check with the relevant Canadian licensing bodies
• Quieter periods such as summer and holidays, keep a cash buffer

Startup costs are typically estimated at around $40,000 to $150,000, depending on the unit, deposits, and fit-out such as flooring, mirrors, lighting, changing areas and washrooms. Check what the landlord will cover.

Monthly revenue is typically estimated at around $3,000 to $15,000, depending on membership numbers, your class timetable and pricing. Summer and holidays can be quieter, so keep a cash buffer.

Check zoning, occupancy and business licence rules with your municipality, and get advice on commercial lease commitments. Check commercial general liability and fitness professional insurance, WCB or WSIB coverage if you hire staff, and music licensing for classes.