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?
You bring up a good point, Katie. Thanks. I had been thinking I would need prime time vs. off time rates, but maybe more than just two levels would be in order. But you have also got me thinking about how to handle situations where an instructor wants to lock up specific day/time slots for an indefinite period of time. May need to consider breaking a year into ‘sessions’ and allowing slots to be reserved only through the end of a session. Other ideas?