Do you want to know exactly how much it cost to start a yoga studio? If YES, here is a detailed cost analysis for starting a yoga studio and raising finance.

Yoga is a physical, mental and spiritual practice or discipline that focuses on breath control, flexibility and strength. It originated in India. Pilates is a body conditioning routine used to build strength and flexibility. The Yoga and Pilates industry cover dance and exercise facilities that offer Yoga, Pilates and in some cases, dance related instructions to individuals or groups.

Having provided you with a:

  1. Industry Overview
  2. Market Research and Feasibility
  3. Yoga Studio Business Plan
  4. Yoga Studio Name ideas
  5. Licenses and Permits
  6. Yoga Studio Marketing Plan
  7. Cost of Starting a Yoga Studio
  8. Marketing ideas & Strategies

Industry Overview

In the last 5 years, the Yoga and Pilates Studios industry has experienced appreciable growth not only in the United States, but in most parts of the world. This growth can be attributed to the awareness created by the Yoga community and of course to more health-conscious individuals participating in yoga.

Yoga studios do not only rely on teaching Yoga classes to their students and members, they are also leveraging on the increase in health awareness to sell other health related supplements and merchandise to generate more income. As a matter of fact, entrepreneurs coming into the industry will leverage on the health and fitness benefits to market their Yoga studio and win over more clients.

Statistics has it that the Yoga studio industry in the United States of America is worth $9bn, with an estimated growth rate of 7.5 percent. There are about 30,141 registered Yoga studios in the United States and they are responsible for employing about 94,604 people.

Beyond every reasonable doubt, the multi-billion-dollar Yoga and Pilates studios industry in the United States of America has benefited greatly from the promotion of dance-inspired television shows and the rising interest in health and fitness.

Over and above, any entrepreneur who is trained in Yoga can successfully launch his or her Yoga and Pilates Studio and make great gains from the industry simply because the industry is still growing and more people are becoming aware of the immense benefits they stand to gain when they enroll in a Yoga class.

How Much Does It Cost to Start a Yoga Studio?

The cost analysis as it relates to starting a standard yoga studio in the United States of America, Canada, United Kingdom and Australia can be said to be almost the same except for few variations. For example, the cost of setting up a full-service, state of the art yoga studio which has the following; studio floor, sound system, DVD players, Pianos, Flat Screen TVs, computers, printers, projectors, furniture, telephones, filing cabinets, electronics, noticeboard and staff uniform et al are same especially when bench–marked against the US Dollars.

For instance, if you live in the United Kingdom and you decide to import the yoga equipment listed above from Japan, you will pay same price for this equipment no matter the part of the world you live in, the only variation will be the cost of shipping the goods to your destination.

Other factors that may be slightly different in terms of costing when it comes to starting a standard yoga studio in any of the countries listed above are cost of labor, cost of transportation and logistics, local tax, insurance policies, business incorporation fee, promotion and branding cost, rent/leasing amongst other factors.

Over and above, when it comes to starting a medium scale yoga studio, you should be prepared to either rent or lease a standard and centralized facility with good human and vehicular traffic. This is going to be one of the areas where you are expected to spend the bulk of your start–up capital.

How Much Does It Cost to Start a Yoga Studio in the United States?

These are the key expenses you are expected to make when starting a medium scale but standard yoga studio in the United States of America;

  • The total fee for registering the business in the United States of America – $750.
  • Legal expenses for obtaining licenses and permits (Health department license and business license)and permits (Fire department permit, Air and water pollution control permit, and Sign permit et al) as well as accounting services (CRM software, Payroll software, P.O.S machines and other software) – $15,300.
  • Marketing promotion expenses for the grand opening of the yoga studio in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of $3,580.
  • The cost for hiring a business consultant (including writing business plan) – $2,500.
  • The cost for insurance (general liability, theft, workers’ compensation and property casualty) coverage at a total premium – $30,400.
  • The cost for leasing a standard facility in a good and centralized location – $350,000.
  • The cost for remodeling the facility and construction of a standard yoga studio – $100,000.
  • Other start-up expenses including stationery ($500), phone and utility (gas, sewer, water and electric) deposits ($6,500).
  • The operational cost for the first 3 months (salaries of employees, payments of bills et al) – $60,000
  • The cost for start-up inventory and yoga studio equipment (studio floor, sound system, DVD players, Pianos, Flat Screen TVs, computers, printers, projectors, markers, pens and pencils, furniture, telephones, filing cabinets, electronics, noticeboard and staff uniform et al) – $200,000
  • The cost for store equipment (cash register, security, ventilation, signage) – $13,750
  • The cost of purchase and installation of CCTVs: $5,000
  • The cost for the purchase of furniture and gadgets (Telephone, printing machines, computers, tables and chairs et al) – $25,000.
  • The cost for building and hosting a website – $600
  • The cost for an opening party – $8,000
  • Miscellaneous – $10,000

You will need an estimate of one million Dollars ($1 million) to successfully set up a medium scale but standard Yoga Studio in the United States of America. Please note that this amount includes the salaries of all the staff for the first 3 months of operation.

Starting a small scale but standard Yoga Studio that can only service a handful of clients per–time and with fairly used yoga studio equipment in the United States of America will cost about two hundred and fifty thousand Dollars to five hundred thousand Dollars ($250,000 to $500,000). Please note that this amount includes the salaries of all the staff for the first 3 months of operation.

When it comes to starting a standard and large scale yoga studio with several outlets in key cities in the United States of America, a yoga studio that can accommodate over twenty clients per-time and a company with the intention of selling franchise and also offering complimentary services, then you should look towards budgeting well over three million Dollars ($3 million). Please note that this amount includes the salaries of all the staff for the first 3 months of operation.

How Much Does It Cost to Start a Yoga Studio in the UK?

These are the key expenses you are expected to make when starting a medium scale but standard yoga studio in the United Kingdom;

  • In the United Kingdom, Online applications are usually registered within 24 hours and cost £12 (paid by debit or credit card or PayPal). Postal applications take 8 to 10 days and cost £40 (paid by check made out to ‘Companies House’). There’s a same day service costing £100.
  • Legal expenses for obtaining licenses and permits (Health department license and business license) and permits (Fire department permit, Air and water pollution control permit, and Sign permit et al) as well as accounting services (CRM software, Payroll software, P.O.S machines and other software) – £13,300
  • Marketing promotion expenses for the grand opening of the Yoga studio in the amount of £3,500 and as well as flyer printing (2,000 flyers at £0.04 per copy) for the total amount of £3,580.
  • The cost for hiring a business consultant (including writing business plan) – £2,500.
  • The cost for insurance (general liability, theft, workers’ compensation and property casualty) coverage at a total premium – £28,400.
  • The cost for leasing a standard facility in good and centralize location – £300,000.
  • The cost for remodeling the facility and construction of a standard yoga studio –£95,000.
  • Other start-up expenses including stationery (£300) and phone and utility (gas, sewer, water and electric) deposits (£1,500).
  • Operational cost for the first 3 months (salaries of employees, payments of bills et al) – £60,000
  • The cost for start-up inventory and yoga studio equipment (studio floor, sound system, DVD players, Pianos, Flat Screen TVs, computers, printers, projectors, markers, pens and pencils, furniture, telephones, filing cabinets, and electronics, noticeboard, staff uniform et al)- £170,500
  • The cost for store equipment (cash register, security, ventilation, signage) – £9,500
  • The cost of purchase and installation of CCTVs: £4,500
  • The cost for the purchase of furniture and gadgets (Computers, Printers, Telephone, tables and chairs et al): £20,500.
  • The cost for building and hosting a website: £600
  • The cost for opening party – £6,300
  • Miscellaneous: £8,000

You will need an estimate of nine hundred and seventy thousand Pounds Sterling (£970,000) to successfully set up a medium scale but standard Yoga Studio in the United Kingdom. Please note that this amount includes the salaries of all the staff for the first 3 months of operation.

Starting a small–scale but standard Yoga Studio that can only service a handful of clients per–time and with fairly used yoga studio equipment in the United Kingdom will cost about two hundred and thirty thousand to four hundred and fifty thousand Pounds Sterling (£230,000 to £450,000). Please note that this amount includes the salaries of all the staff for the first 3 months of operation.

When it comes to starting a standard and large scale yoga studio with several outlets in key cities in the United Kingdom, a yoga studio that can accommodate over twenty clients per-time and a company with the intention of selling franchise and also offering complimentary services, then you should look towards budgeting well over two million eight hundred thousand Pounds Sterling (£2.8 million). Please note that this amount includes the salaries of all the staff for the first 3 months of operation.

How Much Does It Cost to Start a Yoga Studio in Canada?

These are the key expenses you are expected to make when starting a medium scale but standard yoga studio in Canada;

  • For federal incorporation of business in Canada, the cost to incorporate is $200 if filed online through Corporations Canada’s online Filing Centre ($250 if filed through other means).
  • Legal expenses for obtaining licenses and permits (Health department license and business license) and permits (Fire department permit, Air and water pollution control permit, and Sign permit et al) as well as accounting services (CRM software, Payroll software, P.O.S machines and other software) – $15,300.
  • Marketing promotion expenses for the grand opening of the yoga studio in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of $3,580.
  • The cost for hiring a business consultant (including writing business plan) – $2,500.
  • The cost for insurance (general liability, theft, workers’ compensation and property casualty) coverage at a total premium – $30,400.
  • The cost for leasing a standard facility in a good and centralized location – $350,000
  • The cost for remodeling the facility and construction of a standard yoga studio – $100,000.
  • Other start-up expenses including stationery ($500), phone and utility(gas, sewer, water and electric) deposits ($6,500).
  • The operational cost for the first 3 months (salaries of employees, payments of bills et al) – $60,000
  • The cost for start-up inventory and yoga studio equipment (studio floor, sound system, DVD players, Pianos, Flat Screen TVs, computers, printers, projectors, markers, pens and pencils, furniture, telephones, filing cabinets, and electronics, noticeboard and staff uniform et al) – $200,000
  • The cost for store equipment (cash register, security, ventilation, signage) – $13,750
  • The cost of purchase and installation of CCTVs: $5,000
  • The cost for the purchase of furniture and gadgets (Telephone, printing machines, computers, tables and chairs et al) – $25,000.
  • The cost for building and hosting a website – $600
  • The cost for an opening party – $8,000
  • Miscellaneous – $10,000

You will need an estimate of one million Dollars ($1 millionCAD) to successfully set up a medium scale but standard Yoga Studio in Canada. Please note that this amount includes the salaries of all the staff for the first 3 months of operation.

Starting a small scale but standard Yoga Studio that can only service a handful of clients per–time and with fairly used yoga studio equipment in Canada will cost about two hundred and fifty thousand dollars to five hundred thousand dollars ($250,000CAD to $500,000CAD). Please note that this amount includes the salaries of all the staff for the first 3 months of operation.

When it comes to starting a standard and large scale yoga studio with several outlets in key cities in Canada, a yoga studio that can accommodate over twenty clients per-time and a company with the intention of selling franchise and also offering complimentary services, then you should look towards budgeting well over three million dollars ($3 millionCAD). Please note that this amount includes the salaries of all the staff for the first 3 months of operation.

How Much Does It Cost to Start a Yoga Studio in Australia?

These are the key expenses you are expected to make when starting a medium scale but standard yoga studio in Australia;

  • In Australia, the fees to register your business name with ASIC include: $34 for 1 year. $80 for 3 years.
  • Legal expenses for obtaining licenses and permits (Health department license and business license) and permits (Fire department permit, Air and water pollution control permit, and Sign permit et al) as well as accounting services (CRM software, Payroll software, P.O.S machines and other software) – $15,300.
  • Marketing promotion expenses for the grand opening of the yoga studio in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of $3,580.
  • The cost for hiring business consultant (including writing business plan) – $2,500.
  • The cost for insurance (general liability, theft, workers’ compensation and property casualty) coverage at a total premium – $30,400.
  • The cost for leasing a standard facility in a good and centralized location – $350,000
  • The cost for remodeling the facility and construction of a standard yoga studio – $100,000.
  • Other start-up expenses including stationery ($500), phone and utility (gas, sewer, water and electric) deposits ($6,500).
  • The operational cost for the first 3 months (salaries of employees, payments of bills et al) – $60,000.
  • The cost for start-up inventory and yoga studio equipment (studio floor, sound system, DVD players, Pianos, Flat Screen TVs, computers, printers, projectors, markers, pens and pencils, furniture, telephones, filing cabinets, electronics, noticeboard, staff uniform et al) – $200,000.
  • The cost for store equipment (cash register, security, ventilation, signage) – $13,750.
  • The cost of purchase and installation of CCTVs: $5,000.
  • The cost for the purchase of furniture and gadgets (Telephone, printing machines, computers, tables and chairs et al) – $25,000.
  • The cost for building and hosting a website – $600
  • The cost for an opening party – $8,000
  • Miscellaneous – $10,000

You will need an estimate of one million dollars (AUD$1 million) to successfully set up a medium scale but standard Yoga Studio in Australia. Please note that this amount includes the salaries of all the staff for the first 3 months of operation.

Starting a small scale but standard Yoga Studio that can only service a handful of clients per–time and with fairly used yoga studio equipment in Australia will cost about two hundred and fifty thousand dollars to five hundred thousand dollars (AUD$250,000 to AUD$500,000). Please note that this amount includes the salaries of all the staff for the first 3 months of operation.

When it comes to starting a standard and large scale yoga studio with several outlets in key cities in Australia, a yoga studio that can accommodate over twenty clients per-time and a company with the intention of selling franchise and also offering complimentary services, then you should look towards budgeting well over three million dollars (AUD$3 million). Please note that this amount includes the salaries of all the staff for the first 3 months of operation.

Estimating Start–Up Cost for a Yoga Studio Based on the following factors;

  • Staff/Manpower

When it comes to starting a standard yoga studio on a large scale, you would need the services of the following professionals;

  • Principal Partner/Chief Executive Officer
  • Studio Administrator
  • Yoga and Pilates Instructors
  • Dance Instructor and Choreographer
  • Marketing and Sales Executive
  • Accountant/Bursar
  • Front Desk Officer
  • Cleaners
  • Security Guard

Can a Yoga Studio be Bootstrapped on a Lean Budget Right from Home?

Because of the nature in terms of size and cost of the machines and equipment involved in starting and operating a yoga studio, it is obvious that it cannot be bootstrapped on a lean budget from home.

As a matter of fact, the business is open to the general public and you would not want complete strangers to continue to storm your house on a regular basis and at different times of the day simply because you want to pick membership in your yoga studio.

On the other hand, if you want to start a personal yoga studio in your house and you want to generate income from the yoga studio, you can decide to only accommodate your friends and neighbors as members. With that, it is possible to bootstrap a yoga studio on a lean budget right from your home. Please note that in order to cut cost, you would have to go for fairly used yoga studio equipment; they are cheap and affordable.

How Much Does It Cost to Buy a Yoga Studio Franchise?

In the United States of America, the Average Cost of Purchasing a Yoga Studio Franchise is $100,000. Examples of 3 Well – Known Yoga Studio Franchising Companies in the United States of America are;

  • YogaFit Studios
  • Bikram Yoga®
  • CorePower Yoga

In the United Kingdom, the Average Cost of Purchasing a Yoga Studio Franchise is £80,000. Examples of 3 Well – Known Yoga Studio Franchising Companies in the United Kingdom are;

  • ‎YOGAKIDZ WORLDWIDE
  • YogaBellies®
  • Yoga Pod Franchise

In Canada, the Average Cost of Purchasing a Yoga Studio Franchise is $120,000 (Canadian Dollar). Examples of 3 Well – Known Yoga Studio Franchising Companies in Canada are;

  • Oxygen Yoga and Fitness
  • Beach Yoga & Wellness™ – Beach Yoga Coquitlam
  • Oxygen Yoga and Fitness

In Australia, the Average Cost of Purchasing a Yoga Studio Franchise is AUD$120,000. Examples of 3 Well – Known Yoga Studio Franchising Companies in Australia are;

  • Elemental Hot Yoga – Franchise Business
  • KX Group
  • Power Living Yoga Australia