Indoor cycling studio

Local members and drop-in riders who pay per class, buy class packs or take monthly memberships.

Memberships, class packs and drop-in fees, with possible extras such as private group rides or corporate sessions.

• Indoor cycling instruction
• Marketing and community building
• Managing instructors
• Budgeting and cash flow

• Planning permission and change of use for the premises, check with your council
• Public liability and employer's liability insurance once you hire staff
• Music licensing for a commercial venue (check PPL PRS)
• Lease commitments and business rates, which can be heavy if classes are slow to fill
• Upfront costs: commercial bikes, a lease deposit, changing rooms and fit-out can add up quickly, so get several quotes before committing
• Building regulations, fire safety and risk assessments for a public fitness space
• Checking whether instructors are self-employed or employees, take advice if unsure

Startup costs are typically around £60,000 to £180,000, depending on commercial bikes, lease deposit, changing rooms and fit-out. These are estimates, so get several quotes before committing to a lease.

Monthly revenue is typically around £3,000 to £15,000, depending on how full your classes are and how many members you have. This is an estimate, and lease and business rates costs can be heavy if classes are slow to fill.

Check planning permission and change of use with your council, plus building regulations, fire safety and risk assessments. Also check music licensing such as PPL PRS, public and employer's liability insurance, and whether instructors are self-employed or employees.