The decisions you make before you open the door to your yoga studio can catapult or kill your business. One of the key choices you’ll make is your yoga studio space.
It’s said that the desirability and value of all real estate is location, location, location. But when it comes to leasing a space for a profitable yoga studio, the definition of “location” needs to be a bit broader in scope. Simply being on the trendy strip will not ensure you of a financially successful enterprise. It will ensure that you’ll be paying high rent. It will also mean that because your higher rent you will have less flexibility to last when and if your studio stumbles. Don’t get me wrong. Being on the most popular street with unbelievable foot traffic and exposure can be a boon to opening a studio and could ultimately be a fantastic choice. But it is a calculated risk and one that should be considered greatly. Continue reading