Gymnastics club with its own gym

Parents of children of all ages, plus schools, party bookers and holiday camp families.

Monthly membership fees for classes and squads, plus parties, camps, kit sales and sometimes hiring out the gym to other coaches.

• Recognised gymnastics coaching qualifications
• Managing and rostering coaches
• Budgeting, rent and cash flow
• Safeguarding and child welfare awareness

• Planning permission or change of use for the unit, so check with your council before signing a lease
• Business rates, lease length and fit-out costs, so get advice before committing
• Fire risk assessment, first aid arrangements and building safety checks
• Public liability, employer's liability and equipment insurance
• Enhanced DBS checks, safeguarding policies and coach qualifications
• Large fixed costs mean you need steady membership numbers, so build up gradually

Startup costs are typically around £30,000 to £150,000, depending on the unit, lease and fit-out. These are estimates, so get advice on business rates, lease length and fit-out costs before committing.

Things to check: planning permission or change of use with your council before signing a lease; fire risk assessment, first aid and building safety checks; enhanced DBS checks, safeguarding policies and coach qualifications; and insurance cover.

Monthly revenue is typically around £5,000 to £25,000, depending on membership numbers. These are estimates of revenue, not profit. With large fixed costs, build up gradually; the work typically needs at least around 30 hours a week.