Sports training academy with a small centre

Families paying for children's classes, plus teens and adults who join regular programs.

Monthly or term memberships, drop-in fees, camps, birthday parties and private lessons. Rent and coach wages need to be covered before profit.

• Coaching experience and ability to lead other coaches
• Managing budgets, rent and staff
• Marketing to local families

• Commercial lease terms and zoning, so check with your municipality that a sports use is allowed
• Commercial general liability insurance and possibly additional accident coverage
• WCB/WSIB registration once you hire coaches (rules vary by province)
• Coach certification, first aid and police record checks for staff
• Fixed costs during slow months such as summer for some indoor sports
• Registering for GST/HST, and Quebec language rules if applicable

Startup costs are estimated at typically around $10,000 to $50,000, depending on your unit, equipment and insurance. Check commercial lease terms carefully, since rent is a fixed cost that continues through slower months.

Monthly revenue is estimated at typically around $4,000 to $20,000, depending on how many classes and camps you run, how many families enrol and your pricing. This is revenue, before rent, coaches' pay and other costs.

Check commercial lease terms and zoning with your municipality, liability and accident insurance, and WCB/WSIB registration once you hire coaches. Also check coach certification, first aid and police record checks, GST/HST registration, and Quebec language rules.