Delivered December 17, 2019. Contributor: Gbolahan G.
To determine the average revenue per square foot for a moderately successful boutique fitness studio in the US.
The entire health club industry earned $32 billion in profits in 2017, and boutique brands made up 40% of the entire market.
According to ICSC, the size of boutique fitness studios typically range between 2,000 to 5,500 square foot.
In 2017, LA Fitness, the most successful boutique fitness company, generated $2.1 billion from 705 locations. Equinox Holdings, comprising of boutique brands such as Equinox, SoulCycle, Blink Fitness, and Pure Yoga, generated $1.3 billion in revenue from 130 locations.
Also, It seems the entire boutique industry has plateaued with Flywheel and Pure Barre closing down some of their boutique studios, according to a recent report by Business Insider.
Only the project owner can select the next research path.