Business
Looking to Open a Yoga Studio in Singapore? It’ll Cost You $17,076!
By Seedly  •  February 2, 2020
Owning a yoga studio’s never been my dream — heck, give me the capital to fund my stationery shop any day. But with more boutique yoga studios cropping up in recent years, my curiosity propelled me to delve into the costs behind setting one up.
Source: tenorThere are variables to be considered, though, which I’ve highlighted a little way below. TL;DR: Cost of Opening a Yoga Studio in Singapore $17,076 to set up a yoga studio? Completely doable! I wanted to shout from the mountaintops, upon doing the math. Here’s the breakdown in all its tabled, fabled glory: Total Cost$17,076 (rounded up) Yoga Studio Rental Costs and Overheads$12,279 (monthly) Yoga Equipment$2,304.20 Furnishings, Fittings and Shower Essentials$2,492.55 Arriving at this figure involved certain assumptions, including that: You’ll lead classes and pay yourself a full-timer’s salary You’ll hire a part-time yoga instructor to fill in
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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