Wing chun school with its own studio

Local adults and families who want regular training, and students who want private coaching.

Monthly memberships, private lessons, grading fees, seminars and sales of uniforms and training gear.

• Advanced Wing Chun skill and teaching experience
• Marketing to local families and adults
• Managing members and payments
• Running a small premises

• Lease commitments, which can be long, so negotiate terms carefully and get advice
• Commercial general liability and property insurance
• Municipal zoning, business licence and fire code rules for the premises
• Hiring assistant instructors may bring WCB/WSIB obligations, which vary by province
• Members often drop off in summer, so plan cash flow for seasonal dips

Startup costs are estimated at typically around $10,000 to $40,000, depending on the lease, fit-out, mats, wooden dummies and pads. Lease commitments can be long, so negotiate terms carefully and get advice before signing.

Monthly revenue is estimated at typically around $3,000 to $12,000, depending on membership numbers, your class timetable and private lessons. Members often drop off in summer, so plan cash flow for seasonal dips. The estimate is at least about 25 hours a week.

Check commercial general liability and property insurance, plus municipal zoning, business licence and fire code rules for the premises. If you hire assistant instructors, check WCB/WSIB obligations, which vary by province.