The yoga industry has experienced a huge amount of growth worldwide in the last few years. This growth is due to the health awareness created by the yoga community.
More and more people have become health-conscious and are starting to practice yoga. Yoga studio owners enjoy their work because their platform helps people get healthy.
Yoga helps people improve their self-esteem, their confidence, and their well-being. It creates a positive impact on the community and gives yoga instructors and studio owners a purpose.
As a result, yoga enthusiasts want to be part of this positive trend. Due to the growth of the industry, entrepreneurs and investors also want a piece of the action.
For entrepreneurs or enthusiasts, there are two ways to start a yoga studio business.
The first way is to create a yoga studio from scratch. The second way is to buy a yoga franchise.
There are advantages and disadvantages to both these options. This article will discuss the essential information about yoga franchises.
Yoga Studio Franchise Essentials
Here are a few things to keep in mind when considering a yoga studio franchise:
- A yoga studio franchise requires a high license fee.
It can cost between $5,000 up to $30,000. This is apart from the initial franchise fee.
- Franchises have spending requirements.
These are for marketing budgets, instructors, leaseholds, interior design, and recurring fees.
- The person who purchases a franchise makes a monetary commitment to the franchiser.
Benefits of Yoga Franchises
The biggest benefit of a yoga franchise is that one is buying a business that is already successful.
Starting a business is risky. It means creating a brand, reputation, and customer base.
It also means writing a business model, mission statements, vision statements, and more. A franchise provides an already successful business model.
Another benefit is that the brand may already be well-known in the community. So a franchise owner does not have to work so hard to get recognition and build up a client base.
The third benefit to a franchise is that some provide marketing and financing support. Franchises often advertise to promote the overall brand.
In these advertisements, they include a list of locations. In this way, the franchise supports your business and takes on advertising costs.
Also, a franchise might offer financing options. So potential franchisees do not have to secure a loan from a bank.
To summarize, the benefits of yoga franchises are:
- They provide a successful business model
- They have an established brand and customer base
- They provide marketing support and financing options
For those who want to buy a yoga studio franchise, here is a list of some of the best franchises available:
Top Yoga Franchises
Arhanta Yoga
Arhanta Yoga is a great franchise for yoga instructors that lack business experience. With this franchise, they’ll have their own studio and receive full business training.
This franchise uses a proven business model. Yoga teachers can benefit from the business assistance provided by this franchise.
It teaches them how to be successful in the business world. It also helps them to plan weekly schedules.
Honor Yoga Studio
Honor Yoga is looking for new franchise units across the United States. Honor Yoga Studio is dedicated to providing yoga and meditation classes.
Honor Yoga has relationships with third-party sources that offer financing options. With these relationships they can help franchisees get financing to pay for:
- the franchise fee
- startup costs
- equipment
- inventory
- accounts
- payroll
Purchasing this franchise will provide a plethora of support options. For example, buyers will receive 10 hours of on-the-job training and 20 hours of classroom training.
The following support options are also provided:
- Purchasing Co-ops
- Newsletter
- Meetings/Conventions
- Toll-Free Line
- Grand Opening
- Online Support
- Security/Safety Procedures
- Field Operations
- Site Selection
- Proprietary Software
- Franchisee Intranet Platform
- Marketing Support
- Co-op Advertising
- Ad Templates
- Regional Advertising
- Social media
- SEO
- Website development
- Email marketing
YogaFit Studios
YogaFit Studios is a franchise that strives to stand out from the competition.
Its parent company is Lift Brands. Lift Brands also owns Snap Fitness, Steele Fitness, and other fitness brands.
YogaFit Studios is open 24 hours a day. It also offers virtual and on-demand classes.
This franchise is geared towards people who are busy and need to fit yoga into their schedules.
CorePower Yoga Franchise
CorePower Yoga Franchise has more than 100 yoga studios in the United States. It has the goal of opening 10 to 15 new yoga studios every year.
In 2002, Trevor Tice founded the company in Colorado. Denver, Colorado remains its base to this day.
CorePower Yoga is a full-range yoga education and training company. Its core values include awareness and wide accessibility.
It helps people combine intense physical exercise with the mindfulness of yoga. This can bring about life-changing results.
CorePower Yoga caters to both beginner and experienced yogis. It offers consistent and high-quality customer service.
Its studios feature intimate spaces ideal for yoga instruction. This franchise chain has become known for its high standards of yoga instruction.
This franchise offers:
- teacher training
- yogi training
- weight management
- a line of retail yoga gear and lifestyle products
Yoga Pod
Yoga Pod is a network of yoga studios in the United States that hosts hundreds of students. It is a fast-growing franchise with dozens of new locations opening every year.
Yoga Pod is a good opportunity for entrepreneurs who can invest a large amount of money. Buying this franchise means becoming part of a yoga community under the Yoga Pod brand.
YogaSix
As the name suggests, YogaSix offers six fitness yoga classes. YogaSix customers enjoy a fitness workout mixed with yoga poses.
The six classes they offer are:
1. Y6 101
This class is for beginners.
2. Y6 Stretch
This class focuses on floor postures to stretch major muscle groups.
3. Y6 Slow Flow
This class goes at a slower pace to help new ones gain confidence in yoga exercises. It also helps advanced yogis refine fundamental yoga poses.
4. Y6 Hot
This class gets students sweating to detox and invigorate them.
5. Y6 Power
This is a full-body yoga workout.
6. Y6 Sculpt and Flow
This sixth class starts with a yoga warm-up. Then it goes into a cross-training workout using bands, dumbbells, and bodyweight exercises.
It ends with a yoga cool down.
Club Pilates
Club Pilates is one of the largest pilates studios in the world. It is also one of the largest franchised fitness brands.
It has over 600 locations open worldwide.
Reasons to purchase this franchise include:
- Strong brand presence: This brand name is known almost worldwide.
- High investment return: The franchise has a low entry cost and a recurring revenue model. It also has good profit margins.
- Experienced team: Franchisees get help from a company with decades of experience in fitness marketing.
- Executive Model: This franchise provides a scalable business model. Franchisees leverage development costs and national vendor relationships to open a studio successfully.
Hotpod Yoga
Hotpod Yoga invented the revolutionary yoga-in-a-balloon practice. This practice is when students do yoga workouts in a hot environment with sensory lights.
Each balloon has enough space for 5-10 students to exercise. Each yoga studio can have more than one balloon.
This niche of yoga stands out from the competition. It attracts clients that want to practice yoga in an uncommon setting.
It presents a unique earning opportunity for investors because they can charge more for a yoga class.
Hotpod Yoga gives franchisees their business model and patented technology for a reasonable license fee. It also allows franchisees to add personal touches to their yoga studios.
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FAQs about yoga franchises
1. What are the initial costs associated with starting a yoga franchise?
Depending on the franchise, beginning a yoga business might be expensive. While some franchises can need a sizable upfront investment, others might have lesser fees. Generally speaking, you can anticipate having to pay for items like franchise fees, inventory, and start-up marketing costs.
2. How much ongoing royalty fee will I need to pay to the franchise?
The majority of yoga franchises demand continuous royalties, which are typically calculated as a percentage of your sales. Although these costs can vary greatly, you can anticipate paying the franchise somewhere between 4 and 8% of your monthly income.
Be sure to read the franchise agreement completely to comprehend the royalty fee schedule and any other continuing costs.
3. What kind of support will I receive from the franchise in terms of training and marketing?
Numerous yoga franchises provide thorough training and assistance to ensure your success as a franchisee.
This can involve having access to a network of other franchise owners as well as receiving initial training and continuing marketing help. Before you sign the franchise agreement, make careful to enquire about the specific support that is offered to you.
4. How many locations does the franchise currently have?
A yoga franchise’s number of sites can be a key sign of its success and future expansion. It may be a sign that the franchise model is successful if a business has a lot of profitable sites.
However, keep in mind that a smaller franchise may provide its franchisees with more individualized support and attention.
5. What are the minimum requirements for owning a yoga franchise?
Depending on the franchise, different minimum standards may apply to owning a yoga franchise. While some franchises would only demand a particular amount of initial cash, others might not have any set requirements at all.
To fully comprehend the particular requirements of the franchise you are interested in, make sure to read the franchise agreement and meet with the franchise agent.
6. Can I customize the studio to fit my personal preferences or must I adhere to strict branding guidelines?
To maintain uniformity and brand identification across all locations, the majority of yoga franchises have strict branding rules. However, some franchisees might just let customers pick the colors or decor they want. Before you sign the franchise agreement, make sure to inquire about any modification possibilities.
7. What kind of revenue can I expect to generate from a yoga franchise?
Location, competition, and the level of popularity of yoga in the area are just a few of the variables that will affect a yoga franchise’s revenue potential. Many franchisees provide revenue estimates or past performance information to give you a sense of what to anticipate. But remember that every person will perform differently.
8. How long does it typically take to break even and start seeing a profit?
The initial investment, ongoing costs, and revenue performance are just a few of the variables that will affect when a business breaks even and begins to turn a profit.
You can estimate the time to profitability by using financial performance information or estimates provided by some franchises. Before making any investment selections, it’s crucial to thoroughly examine the financials and get assistance from a financial expert.
9. Can I own multiple locations of the same yoga franchise?
Depending on the availability of territory and other considerations, several yoga businesses permit franchisees to own multiple sites of the same franchise. Multiple sites can offer economies of scale and possibly boost income. Before making any investment decisions, be sure to inquire about the precise guidelines and conditions for owning several properties.
10. Are there any exclusivity clauses in the franchise agreement that could prevent me from opening a competing business in the same area?
The majority of franchise agreements contain exclusivity terms that forbid franchisees from setting up rival businesses nearby or in the same general vicinity as their current site. Before signing, make sure you read the franchise agreement completely and comprehend any exclusivity conditions.
Ending thoughts on these yoga franchises
There is a steady increase in yoga clients and yoga franchises. This means that there are more opportunities for starting a yoga business.
Is purchasing a yoga franchise the best way to go?
Both purchasing a franchise and creating a yoga brand from scratch take a lot of work. So the answer depends on whether one prefers to start a yoga studio from scratch or wants the support of an existing company.
Although a franchise does take a cut of revenue, it also offers needed business tools. Purchasing a franchise provides a tried, tested, and proven business model.
It provides access to a wealth of resources and useful information. These tools make starting a business easier.
Whether purchasing a yoga franchise or not, may you have success in your yoga business adventures.
If you enjoyed reading this article on yoga franchises, you should check out this one with yoga business names.
We also wrote about other yoga-related subjects like starting a career in yoga, yoga colors to use in the studio, teaching yoga without certification, yoga studio software, yoga studio owner salary (curious?), and yoga marketing ideas you could use
We also have articles on yoga websites, creating a yoga studio business plan, and how to start a yoga business.