Owning vs Renting a Dance Studio: What No One Tells You

Owning your own dance studio is often seen as the ultimate goal.

Your own space. Your own timetable. Your own rules.

But is it always the right move?

In this episode, we’re diving into the pros and cons of owning or leasing your own premises versus hiring venues. It’s a topic that comes up time and time again for dance school owners, especially here in the UK where dedicated studio spaces can be harder to access.

Deborah shares her personal experience of running five branches across multiple locations, managing up to 18 hired venues each month, and eventually moving into her own long term studio space. She also speaks openly about the challenges that came with that decision and why, at one point, stepping away from her own premises was the right choice.

Inside this episode, we cover:

What to consider before taking on your own premises
The hidden costs that many studio owners overlook
The real benefits of having your own space
The challenges of hiring venues and managing multiple locations
How to know if your business is financially ready

Whether you’re currently hiring spaces, actively searching for your own studio, or simply weighing up your options, this episode will give you a realistic and honest perspective to help guide your decision.

As always, the key is doing your research, understanding your numbers, and making the choice that supports both your business and your life.

Book an evolution call with Deborah⁠⁠ ⁠https://go.dancebusinesslab.com/dance-school-success-plan

To find out more about Dance Business Lab and work with Deborah head to ⁠https://dancebusinesslab.com⁠

To find out more about working with Deborah through her exclusive Dance Business Lab membership programs follow the links below.

Sparks membership - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://dancebusinesslab.com/memberships/sparks⁠

Ignite membership - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://dancebusinesslab.com/memberships/ignite⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Illuminate membership - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://dancebusinesslab.com/memberships/illuminate⁠

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠If you love the show and you would like to support then why not buy Deborah a coffee simply head to ⁠http://buymeacoffee.com/DeborahL⁠

This episode is sponsored by Dance Studio Marketing.

You can find out more about Dance Studio Marketing and how you can work with Sally to supercharge your dance business at ⁠https://dancebusinesssolutions.com/social-media-for-dance-businesses/⁠

This podcast is produced by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Creative Content Studio