Hey everyone – my mom has been doing pilates for years and just recently got certified. She is considering opening her own studio and employing several of her friends. She turned to me (the son that went to business school) for some advice about the financial aspects of running a pilates studio and the industry in general. Trouble is, I have absolutely no experience or data, but I want to help my mom.
Can any of the pilates studio owners out there share some basic financial information with me so I have some data points? Please don’t feel compelled to share your studio name or anything, but can anyone give me some data points on the following:
Total Annual Revenue
Number of instructors at your studio
It would be really helpful! Thanks everyone.
Years ago when I first became certified through STOTT Pilates, they offered financial profiles of studios based upon square footage, pieces of equipment and number of classes.
It was very helpful to me.
I feel confident that if you phone STOTT Pilates directly they would be able to give you some specific direction. You can alternatively visit their website. www.stottpilates.com
Balanced Body and Peak Pilates might be other organizations that you can contact. I believe they all offer the same service.
I hope this gives you some direction.