Greetings fitness studio owners!
Do you know that you might be losing about $45-$100 per hour if you are leaving your yoga facility unused at any point in time?
The best way to make sure that you are not losing out on this revenue?
Renting free hours or days at your studio.
In this article, we will walk you through everything you need to know about renting your studio and how you can do that.
Rerack your studio equipment and with no further delay let’s dive right into it.
Why would you want to rent?
A little extra income doesn’t hurt? Does it?
Let’s say your facility is closed on Sundays or Fridays or you’ve free spaces for hours on weekdays.
It’s best to utilize all the free space and time when you’re not utilizing it for the classes and create a passive income by renting.
Let’s go ahead and dig a little deeper into the demand for it.
Who would rent your Facility?
There are a lot of individuals and groups who would want to rent your facility based on many factors.
- Available timings
- Space available
- Types of events
- The niche of your studio
- Types of equipment available
The list goes on.
Based on any of these factors your studio can be rented by
- Fitness instructors
Personal trainers, yoga practitioners and teachers, and fitness entrepreneurs are always looking for spaces to hold classes, and events, or plan a get-together.
Renting is a great alternative for them to make that happen.
- Dance teachers
Dance teachers hold practice dances and events very often, and renting a studio is a great option for them.
- Charities and NGOs
Charities and NGOs work for a great cause. They need rented spaces to hold meetings, fundraisers, and other events.
Keeping a discount for them is one way of giving back to your community.
- Photographers and Videographers
Photographers and Videographers are always working on new and creative projects. They may rent a Studio with already available equipment to shoot for fitness, dance, or Art related projects.
This is a great alternative for them without actually having to buy any of the equipment available in your studio.
- Social Media Influencers
The number of Social Media influencers is growing rapidly.
Fitness influencers may rent a space from time to time to shoot informative fitness videos.
- Parties
Parties are always happening, on every occasion, be it a birthday, bachelorette, or anniversary.
People can rent your studio on weekends or free hours during the evenings for that.
- Exhibitions and Art Gallery Shows
Local artists and Art Galleries collaborate now and then. For these shows, they rent spaces.
How to put up your Studios on rent?
Here are some of the websites where you can list your Space for rent.
Craigslist is the first website that comes to mind when we talk about renting spaces. The interface of Craigslist is not very good. There are other better alternatives too.
Listing your studio on Giggster is fairly easy. You just need to fill in some details and add some photos of your space.
It is enriched with so many features. You as a host can also opt for site reps from the Craiglist website to look after your property if you’re not there.
PeerSpace is very customizable. You can select whichever time slots you deem fit for renting.
Listing on the website is free and easy.
They take payments for you, charge 15% of the fee and transfer the rest directly to you.
It takes only a few minutes to list your space. They can get you connected to many brands, retailers, agencies, entrepreneurs, and artists looking for studios to rent.
Listing is free, they charge 20% percent of the booking fee.
Splacer offers liability coverage of up to $1,000,000 per event, Listing is free and they charge 17% of the booking fee.
What would you require to make sure that giving your studio on rent is efficiently done?
Keeping an eye out always to keep track of the available days or hours of your studio can be a hassle. You need not worry about that.
You need to let your software tell you the best hours or days when your facility is available?
Bookee takes care of that, with all your classes, courses, and appointments in one place. You just always know your availability.
You can put up facility availability on Bookee and always easily find out free hours and days to rent your space.
Want to make that happen?
Book a demo by clicking below.
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