Use these definitions below to better understand the item being calculated. Have questions? Let’s chat! Want to keep your results? Use the “Send Calculator Results” link at the bottom to email yourself the data.
Enter 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. We recommend takinng the total revenue generated over your previous year and divide by 12 (months).
Total cost of operations that your studio incurs to generate revenue (rent, utilities, insurance, software, marketing, etc.). 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 the total number of classes they teach each month.
Average amount of revenue generated each time any client visits your facility. FigGrid subscribers can simply divide the average revenue per class by 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.
Set up a call and see how we can connect your community and take your business to a new level.
Try FitGrid free for 14 days then decide which features work best for your studio.
Activation takes 5 minutes. We’ll help you set it up.
We train your staff and instructors to use the system