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Yoga studios, boutique fitness not sure if they’ll be able to make it through coronavirus closures



Yoga studios, boutique fitness not sure if they’ll be able to make it through coronavirus closures

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“I don’t think everyone is going to survive this,” one owner says

“The average profit margin for a yoga studio is 7%,” Harrington said. “That’s a very thin margin, and it relied upon maximum occupancy. If you don’t have a business where you can have maximum occupancy, you don’t have a business. We are having to negotiate with all of our landlords and/or walk away, and/or declare bankruptcy because the opportunity to be four walls where people come together and spiritualize, practice yoga, work out, is no longer an advantage. It’s actually a disadvantage. All the risk the entrepreneurs took to become a boutique fitness location, there’s no upside to our risk anymore, at all. What used to be an upside potential for the risk has now shifted to be a complete downside.”… READ MORE @ The Denver Post

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