Here are some general monthly expenses schools have...some are optional, but there's a lot more than just rent and utilities:
Rent: $4000-$5000 depending on your area (here, most places are $10-$20 per sq ft plus triple net) for a decent place with decent exposure (hidden crappy warehouses are about half that price)
Phone/Internet
Insurance for everything in your place
Gas
Water
Electric
Alarm System (as usually required by insurance companies)
Cleaning/bathroom supplies/mat tape and mat cleaner
Payroll for receptionist part-time(plus or minus if you run it alone or have help)
Payroll for a couple of instructors part-time(plus or minus if you run it alone or have help)
Accountant/CPA (depending on if it's close to tax season or how much you know about bookkeeping)
Bank Account Fees/Outside company that does your auto-billing
Personal Health Insurance
Advertising
Merch/shirts/patches to sell (price depends if you have to buy shirts/patches in bulk, depending on demand)
Again, this is VERY general and the main thing that will make or break a school is the rent and where you live. Generally, anything over $8,000 is profit.
Plus, keep in mind, if you make a killing, you're going to pay a small fortune in taxes to the IRS at the end of each year, which you have to save for each month or you're hit with a huge bill in April every year considering you make average profit.
Starting up a gym isn't easy - people think you invest in some mats (1000 sq ft of Dollamurs = $6,500) and you start making money. Some landlords will give you build-out to design your space - others will make you paint, put down tile, put up walls - then you install basic stuff like paper towel/toilet paper holders, mirrors, picture frames/decorations/banners, chairs for people watching, TVs if you want, kids area, weights/boxing ring/cage if you offer that, plus all the deposits that the phone/internet/water/gas/electric companies charge....etc etc etc - the little expenses add up.
Getting a large outdoor electric sign that is up to landlord standards and approved by the city, here, costs around $5000 plus installation. Also, permits for alarm systems and certificate of occupancy are required. Most people put roadside signs out on the marquee by the road of the shopping strip, which the landlord can charge up to $100/month here, plus you have to make your own design for the display (one time payment of about $100). Decals for your windows can be $200+ depending on what you want.
On top of this, you have to pay all of your personal bills (home rent/mortgage, car payment, gasoline, food, utilities, saving money to travel to compete, new gis since you're on the mat every day, they take a beating).
You can definitely make a living off BJJ - it's a lot of hard work, which is true of any self-employed person. It's also obviously a very physically demanding job, so if you get burnt out/hurt, there no time to take a week off for many instructors until you have some upper belts to fill in for you. Bottom line, get 250 students and you'll be more than fine and really shouldn't need a second job.
Rent: $4000-$5000 depending on your area (here, most places are $10-$20 per sq ft plus triple net) for a decent place with decent exposure (hidden crappy warehouses are about half that price)
Phone/Internet
Insurance for everything in your place
Gas
Water
Electric
Alarm System (as usually required by insurance companies)
Cleaning/bathroom supplies/mat tape and mat cleaner
Payroll for receptionist part-time(plus or minus if you run it alone or have help)
Payroll for a couple of instructors part-time(plus or minus if you run it alone or have help)
Accountant/CPA (depending on if it's close to tax season or how much you know about bookkeeping)
Bank Account Fees/Outside company that does your auto-billing
Personal Health Insurance
Advertising
Merch/shirts/patches to sell (price depends if you have to buy shirts/patches in bulk, depending on demand)
Again, this is VERY general and the main thing that will make or break a school is the rent and where you live. Generally, anything over $8,000 is profit.
Plus, keep in mind, if you make a killing, you're going to pay a small fortune in taxes to the IRS at the end of each year, which you have to save for each month or you're hit with a huge bill in April every year considering you make average profit.
Starting up a gym isn't easy - people think you invest in some mats (1000 sq ft of Dollamurs = $6,500) and you start making money. Some landlords will give you build-out to design your space - others will make you paint, put down tile, put up walls - then you install basic stuff like paper towel/toilet paper holders, mirrors, picture frames/decorations/banners, chairs for people watching, TVs if you want, kids area, weights/boxing ring/cage if you offer that, plus all the deposits that the phone/internet/water/gas/electric companies charge....etc etc etc - the little expenses add up.
Getting a large outdoor electric sign that is up to landlord standards and approved by the city, here, costs around $5000 plus installation. Also, permits for alarm systems and certificate of occupancy are required. Most people put roadside signs out on the marquee by the road of the shopping strip, which the landlord can charge up to $100/month here, plus you have to make your own design for the display (one time payment of about $100). Decals for your windows can be $200+ depending on what you want.
On top of this, you have to pay all of your personal bills (home rent/mortgage, car payment, gasoline, food, utilities, saving money to travel to compete, new gis since you're on the mat every day, they take a beating).
You can definitely make a living off BJJ - it's a lot of hard work, which is true of any self-employed person. It's also obviously a very physically demanding job, so if you get burnt out/hurt, there no time to take a week off for many instructors until you have some upper belts to fill in for you. Bottom line, get 250 students and you'll be more than fine and really shouldn't need a second job.