Opening a Yoga studio is not only a business opportunity but also a meaningful career for the community such as reducing stress, improving physical and mental health. If you are planning to open your own Yoga studio, this article will help you answer the question: "How much capital does it take to open a yoga studio?” and important notes to know.
Cost of opening a yoga studio?
Depending on the size, location, facilities and type of Yoga, Cost of opening a yoga studio in Vietnam ranges from 60,000,000 VND to 500,000,000 VND.
For a small gym of about 50m², the cost ranges from 60,000,000 VND - 150,000,000 VND. If you build a diverse system of professional gyms type of Yoga, the cost can be up to 150,000,000 VND - 500,000,000 VND or more.
Main types of costs include:
1. Fixed costs:
- Ground: Rent, deposit, repairs, decoration. This is the biggest expense.
- Exercise tools: Exercise mats, pillows, resistance bands, rings, balls,...
- Personnel: Salaries for teachers, receptionists, cleaning staff,...
- Marketing: Online and offline advertising, website design,...
- Legal procedures: Business registration, license, certification,...
2. Variable costs:
- Electricity and water: Cost of using electricity and water for the gym.
- Internet: Cost of using internet for gym.
- Consumable supplies: Including toilet paper, hand sanitizer, wipes,...
- Maintenance and repair: Equipment maintenance and repair costs.
Main costs when opening a yoga studio
2.1. Cost rent
Premises are fixed expenses that a business or individual must pay to the owner to use a specific location. This cost may vary depending on many factors in the following table:
| Location | Acreage | Rent cost |
|---|---|---|
| Downtown | 50m² | 20,000,000 VND – 30,000,000 VND/month |
| Residential area | 50m² | 10,000,000 VND – 15,000,000 VND/month |
| Far from the center | 50m² | 5,000,000 VND -10,000,000 VND/month |
2.2. Cost of hiring a yoga teacher
You must hire a Yoga teacher to teach classes, guide and support students during class participation. The cost of hiring a Yoga teacher depends on many factors such as: experience, type of Yoga, form of study, and location of study. The following is the cost of hiring a Yoga teacher:
| Form of learning | Price |
|---|---|
| Learn Yoga in groups | 200,000-300,000 VND/session |
| Private Yoga lessons | 500,000-800,000 VND/session |
| Learn Yoga at the center | 300,000-500,000 VND/session |
| Learn Yoga at home | 400,000-600,000 VND/session |
2.3. Cost of investing in Yoga practice equipment
The cost of investing in Yoga practice equipment depends on many factors such as:
- Type of Yoga: Each type of Yoga will require different practice equipment. For example, Hatha Yoga needs a mat, Yoga Flow needs more resistance bands, Yoga Nidra needs more pillows and blankets, etc.
- Number of students: If you practice Yoga alone, you only need to buy one set of equipment. However, if you open a Yoga studio, you need to buy many sets of equipment to serve many students.
- Quality of equipment: Yoga equipment has many different prices. High-end tools often cost more, but their durability and safety are also higher.
2.4. Contingency costs and marketing costs
This is an expense that helps prevent risks during the operation of a yoga studio. Provision costs usually account for at least 10% of investment costs.
Marketing costs are the costs to promote and introduce the Yoga studio to potential customers. Marketing costs may include:
- Online advertising (Facebook, Google Ads,...)
- Offline advertising (banners, flyers,...)
- Organize promotional events and incentives.
- Cooperate with influencers and KOLs.
3. What do you need to open a yoga studio?
Nguyen has always cherished the dream of opening her own yoga space - a place where people can find peace, balance and regeneration in mind and body. If you also nurture a deep passion for yoga, discover the essential requirements to turn your dreams into reality.
Practice space: You need a space that meets standards of spaciousness and ventilation. The room floor must be flat and anti-slip material. Appropriate lighting and air conditioning also create comfort for practitioners. Furthermore, functional rooms such as changing rooms, restrooms, and storage areas are extremely necessary.
Equipment: For Yoga studios, functional rooms such as changing rooms, restrooms, storage areas, or complete, quality Yoga equipment are extremely necessary.
Legal procedures: Carefully research legal procedures, yoga teaching certification, and appropriate business licenses.
4. Experience when opening a Yoga studio and important notes
Starting a yoga studio is a journey that is both exciting and challenging. Based on his own practical experience, Nguyen shares some important notes that anyone planning to do business in this field should keep in mind.
- Research the market, competitors, potential customers.
- Make detailed financial plans and make provisions for arising expenses.
- Recruit teachers with expertise and good ethics.
- Marketing investment, Promote yoga studio through media channels online like Facebook, Google Ads, channel offline like leaflets and banners,…
Nguyen hopes that the above sharing will be useful in your journey of pursuing your passion for Yoga. Please see and look forward to more articles about Meditation and Yoga on the website Nguyen Yoga, besides there are also many other useful videos on Nguyen Yoga Youtube channel that you can refer to.
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