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BFS is agnostic: our goal is to simply provide you with the best and most information possible, so this playbook may contain different points of view and information based on different experts’ experience and business models.

Cash and emotion (among other things) are major drivers for all of the decisions you make in and for your company. While emotion may be harder to analyze (but we’re here for you as you do that too!), we at BFS can help you lock down the numbers. For example:
*To understand the metrics of your studio, you have to understand your KPIs (i.e., Key Performance Indicators), but what specifically are we talking about? 
*You also have to determine your pricing and your needed attendance to become profitable.  
In our newest playbook, learn about KPIs and how they can help you achieve your business goals. Then take some time to play around with the financial modeling tools we include to help you determine the considerations you need to make reopening a financially secure decision.  


Use this tool to help determine what you should be charging for your services
Maura Vella
How to optimize the KPIs of your Boutique Fitness Business
KK Hart
To not only help you determine your breakeven, but also how many clients are needed per class in order to reach a certain profit goal
Chris Beer and FitGrid



Maura Vella

Maura Vella

Cultivate Advisors


How do you figure out what you should be charging for your services, especially now, when you may have higher overhead due to heightened cleaning regimens along with lower capacities to maintain an acceptable and comfortable distance between your clients?

There’s a lot that goes into answering this question, of course, but your starting point is to first make sure you’re charging enough to your clients so that you can sufficiently cover your costs to deliver your services. For this, you need to calculate the cost-per-client.

But breaking even isn’t the goal for you, I hope. You’ll want to have some money left over so that you may continue to build and grow your business. So beyond your costs, you need to also consider what additional margin you require or desire.

This Pricing Per Member Calculator will help you play with some different options to confidently settle on the price you should be charging your clients, on a monthly or another defined-period basis, using all of your expenses and additional profit as part of the equation.

Before you start considering what your competitors are charging or what you feel your clients might be willing to pay, you first need to know your own numbers. This is where many businesses fail because they don’t price their services appropriately to account for ALL of their costs and fixed expenses. Now, with heightened protocols to keep spaces clean while safely social distancing clients, this equation can look different than it did before. We must also include any new costs incurred with additional cleaning and maintenance that will be required to keep your studio safe for your clients. This tool will help you calculate and figure out what you should be charging your members each month (or other defined period), on average, so that you can adjust for these new protocols that will be put in place due to the heightened COVID-19 small business requirements.

Want to learn more about Cash Flow?

RSVP for Maura’s Live Class on Cash Flow HERE.


This is a calculator that will determine what you should ideally charge for your client memberships. While the default is set to “Monthly” you may certainly change the period amount to determine what their day rate or drop in price should be. Keep in mind that to help maintain a healthy and sustainable business, you will want to have stability. To get the stability you need and deserve to run your wellness business, you should educate your clients on the benefits of committing to themselves and to your studio with a monthly recurring membership.

You have the ability to identify your desired margin at the top (for a healthy and sustainable wellness business, I recommend setting your margins between 30-40%). You will also define and project how many clients you will have in the defined period that you’ve set up.

From there, you’ll enter your fixed costs. Fixed costs are going to be all of the expenses that you pay monthly to run your business such as rent, dues and subscriptions, and utilities. You may list these out one-by-one or simply tally them into one line item. Don’t forget to add in your owner’s compensation! This should be built into your model so ensure that you, the owner, gets paid.

(Pro Tip: If you want to figure out your client daily rate instead of the monthly rate, you’ll need to take all of these monthly costs and divide by 30.4 to determine the daily cost.)

After you get these expenses entered into the calculator, you’ll fill in your instructor and supporting staff and/or hourly rates using the next calculators. Now you can watch the magic of formulas calculate both your cost-per-client to simply break even, as well as the price you should charge your members to realize your desired margin.



Step 1: Define your margin and period. 

  1. Desired Margin: This is the amount you want to make above your actual cost. Enter a percentage (I recommend between 30-40%).

  2. Period Duration: This is your reminder on how you plan to enter your fixed expenses. The default is set up for “Monthly.” Keep in mind, as you’re filling out your expense amounts, that we are basing this off of each month (especially if your pay periods are more frequent).

Step 2: Provide additional volume details

Pricing-Per-Memberships Sold per Period: Enter how many monthly memberships you expect to sell, on average, throughout the month. If you are unsure how many memberships you will have, play around with different scenarios. We will need to have a gauge on how many expected members you have in order to determine your “break-even” per client. 

Step 3: Add fixed expenses.

These are your expenses directly related to the operation of your business. Include your guaranteed pay, but do not include any other employees’ or independent contractors’ payout in this calculation. We want to separate out your instructor and support staff pay. 

Step 4: Add Staff (Instructors / Support / Hourly) expenses.

In the “Instructor and Support Staff Calculators” you should add in each one of your instructors, how much they get paid per class, as well as how many classes they teach in any given month (or period as defined by Step 1, b above). This will then calculate your monthly class totals along with your total class payouts. If your instructors are employees or W2s, you will want to include your state’s tax rate to account for those extra costs as well. If your instructors are Independent Contractors or 1099s, you may skip this step.

Many of you already have and or will want to start including hourly pay staff to help support your teachers. In this Staff Calculations calculator, you can add in your hourly workers, their pay rate(s), and how many hours they will work for the month or period. For hourly workers, you may include the tax rate to get a true total of your employee payout costs.

The bottom two calculators will tally all of your payout to people, and you will enter these numbers in your “Pricing-Per-Member Calculator.” 

Pro Tip: for continued use and to add additional line items, download the Excel version of these calculators through the button below.




To download your own Excel version of the above calculators, click the button above, download the Google sheet as an Excel workbook and save for continued use.

To learn why you need to understand your financials to build a healthy business, schedule a call with Maura.


How to optimize the KPIs of your Boutique Fitness Business

KK Hart

KK Hart

Your Business Guru + KPI Advocate

These specific key performance indicators allow you to best track your studio’s targets and goals. By using data to analyze the needs of your business, you will be able to see what is working and what needs more attention. This is especially important as you are in a position to review the progress of your virtual classes and offerings and potentially in-studio classes as you plan to re-open!

Measure Data to Better Understand your Virtual + In-Studio Revenue Opportunities:

Overall Revenue vs ROI: 

  • What it measures: Money made in various aspects/revenue streams of your business.
  • What it tells you: How much money your business is making overall, but most importantly, how to determine the revenue impact of your virtual offerings. 
  • How to track it: Run a general sales report to track income streams (and match them to your expenses to understand profitability + ROI!) 

Virtual/Online Sales: 

  • What it measures: Sales outside of a business’ physical location. 
  • What it tells you: How important online sales are to your revenue goals.
  • How to track it: Use a software tool that tracks online sales and trends over time. 

Client Retention: 

  • What it measures: Clients who keep returning to your business over time- your tribe!
  • What it tells you: How successful the client experience you provide is and areas of opportunity to improve the online experience as well as providing a safe, personalized in-studio experience.
  • How to track it: Compare your committed client base (aka your Big Spenders, Active Members etc.) over a fixed time period against total visitors. Make sure you look at this data with unique time frames such as monthly, quarterly, annually! 


  • What it measures: The total number of clients using your classes, whether in person or virtual! 
  • What it tells you: The class times that are more popular and the number of clients that are utilizing each class time you offer- so you can right-size your schedule!
  • How to track it: Use a software tool to keep track and cross reference different classes (times/types/virtual) to better understand what your “new” normal will be while re-defining the needs of your new and existing clients based on this data!


  • What it measures: The actual monetary value of your different studio offerings, online and in person.
  • What it tells you: The sales (which should be broken down by service) so you have monetization tracking of each of your unique offerings.
  • How to track it: Follow the demand and utilization of your business in comparison with your target goals. Haven’t done this ever or in a while (honestly)? Feel free to ask for my KPI scorecard to track your progress, I’d be happy to share that and teach you how to implement it in an ongoing basis!


  • What it measures: The strategies your business uses to promote your services. Word of mouth is simply not each to keep your virtual offerings front of mind… time to consider launching thoughtfully produced ads or automated tactics?
  • What it tells you: How to reach more clientele and progress towards a defined goal. This is all about creating and sustaining demand for your business for the now and the long term!
  • How to track it: Compare the number of leads from each marketing source and focus your growth by optimizing the 3 strongest areas of opportunity.

Not sure what tactics you should start with? Reach out to KK above.


Chris Beer and FitGrid

Chris Beer

Founder, B.Well Consulting

To put it mildly, things have changed since you drafted your original pricing model, so as you begin to think about reopening your in-studio classes in stages, with smaller class sizes and different operating costs, have you adjusted it? Switching up your business model may be the last thing you want to do in these tumultuous times, but it could be what keeps you in business for the long term.

Have you ever wondered how many clients you need in a class in order to break even? Does your class pricing or instructor rate need to change to support the latest occupancy rules? 

There are many factors to consider when creating a pricing model, and each organization’s model will vary by their geographic location, client base and offerings. There is no “one size fits all” approach to adjusting pricing during Covid-19, but there are great resources available to help you crunch the numbers.

The FitGrid Profit Calculator is one of my favorite (free!) tools to help clients create pricing models for their boutique fitness studios. It not only can help you determine your breakeven, but also how many clients are needed per class in order to reach a certain profit goal. This pricing model applies to both in-studio and virtual classes, as the fixed costs (rent, utilities, insurance, software, marketing, etc.) support both formats of classes.

Let’s get to work. You’ll need a few bits of information to get started:

The target profit (after expenses) your studio would like to earn each month. This number must be less than your average monthly income.

Average total revenue generated during the period of one month. Include new revenue streams, such as income from livestream and on-demand classes.

Total cost of operations that your studio incurs to generate revenue (rent, utilities, insurance, software, marketing, etc.). Include new expenses, such as PPE and increased cleaning supplies. NOTE: Do not include any instructor payroll numbers (exclude instructor pay).

Average number of classes scheduled at your studio during each day. Tip: Take the total number of classes scheduled for a week and divide by 7 and then average to the lower number (to be conservative).

Average pay rate your instructors earn per class. To get the most accurate number, calculate an instructor’s total pay per month and then divide by the total number of classes they teach each month. 

Average amount of revenue generated each time any client visits your facility. FitGrid subscribers can simply divide the average revenue per class by the average number of visitors per class.

Number of visitors needed for a single class to cover its costs, making neither a profit nor a loss. Instructors with average class sizes smaller than this number are contributing to overall financial losses for the business.

Number of visitors needed in each class to reach the goal profit stated at the very top (Profit Goal). Use the green slider to see a correlation between the class size and overall profit goals.

When playing with this tool, keep in mind that there are several factors that go into the equation. While it’s easy to focus on raising revenue, keep in mind that one of the easiest ways to make money is by spending less. Use this opportunity to get a firm grasp on the costs of your rent, utilities, insurance, software, marketing, etc., and contact those vendors to see if you can negotiate better rates on your service

Have you ever wondered how many clients you need in class in order to breakeven? Our Profit Calculator not only can help you determine the number, but also how many clients are needed per class in order to reach a certain profit goal

Reach out to Chris here.



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