Yoga Studio Profit Calculator & Financial Excel Spreadsheet
Best case scenario; you started a yoga studio a few months ago, it’s starting to gain traction and increase student membership and now you need a yoga studio financial spreadsheet? Congrats! You’ve already got over the hardest part, starting your business. Or, you’re still thinking about starting a yoga or pilate studio. Either way, we’ve got the excel financial spreadsheet that you’ve been looking for.
The spreadsheet below functions great as a profit and loss calculator for your yoga business. You can see where you’re hemorrhaging money and where you’re bringing in the most money. Are you selling lots of clothes, but losing money to member churn? These are things you can see by utilizing the yoga studio excel spreadsheet below.
Need help monitoring and planning your yoga studios profitability? Trying to figure out profit & loss statement for your business? Wondering if you can make your yoga studio profitable after 3 months, 6 months, a year? With the yoga studio financial spreadsheet at the bottom of this page, you can answer all those questions. Simply fill in the key values like trainer wages, equipment costs, mortgage payments, and you’ll be able to see just how many months it will take for your business to become profitable.
Feel free to adjust the spreadsheet to fit your needs. Maybe you want to cut trainers and do it all yourself. That’s an option. Maybe you want to bring on investors and have them front the initial costs. That works too. Tweak the yoga business excel template below until you find out what works for you and then get it done!
You’re in luck! Use this free spreadsheet and you’ll be able to see your finances more clearly.
We made this free downloadable spreadsheet that will help you plan and monitor your yoga studio’s profitability.
On a sidenote, if you’re looking for a way to increase your business’s membership, check out the FitnessTexter video below. FitnessTexter is guaranteed to get you more fitness members.
What Is FitnessTexter?
FitnessTexter turns your business name into a custom texting code that you can put on anything; website, Facebook page, Instagram pictures, business cards, marketing flyers, email signatures, anything!
When someone texts your code to 95577, the person receives a “Free Week Pass” coupon to your gym, and you(the gym owner) get an email with that person’s contact info. Coupon is customizable: “Free Week Pass”, “Free Intro Session”, etc.
Here’s a Gym Using their Custom Texting Code on Facebook
I just wanted to take the time to thank you for your services. FitnessTexter is the highest return on investment we have ever received in our business. We have generated thousands in new revenue and also boosted our electronic fund transfers in a very short amount of time. We cannot thank you enough for your service and ongoing support.
No strings attached. This is a free spreadsheet for you yoga studio owners. Just keep FitnessTexter in mind when you start advertising your yoga studio. Enjoy!
Step 1: Download the spreadsheet by clicking the “Orange Download Button” at the bottom of this page.
Step 2. Open the yoga Excel file (Only change values inside yellow cells. All other cells are automatic.)
Step 3. Enter in your rent cost, utilities cost, insurance cost, membership fee, and trainer wage.
Step 4. Type in the number of members you anticipate having during each month of business.
Step 5. Type in the amount of trainer hours you’ll be paying each month. Use the included calculator to figure it out.
Step 6. Enter your equipment purchase costs.
By adjusting all the of values in the YELLOW cells, you can see how your finances will change. Do you REALLY need to spend that much on new equipment? Change the equipment cost and watch your profit change. Double your membership fee and you might turn a profit three months earlier. It’s all possible to monitor with this spreadsheet.
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