I am considering opening a fitness facility that caters strictly to group exercise instructors. Rather than structuring the facility as a club, my thought is to rent professional exercise space and equipment to instructors on flat rate basis. I am thinking that this sort of arrangement could be advantageous to instructors as long as rental rates could be kept affordable. I am trying to run various issues out with this approach, but am curious whether this sort of studio-for-rent model is prevalent anywhere. I live in a very fitness conscious area and am not aware of any facilities using this sort of model. Is this something that has been tried and abandoned as unworkable already? What problems do you see with this sort of approach?
The first potential problem that I see is group exercise instructors fighting for time slots.
If it was my studio I would charge by the time slot. So 6PM is more expensive than 3PM.
You also should understand that you are responsible for keeping a check that instructors are up to date on training and certifications.