Startup cost: $500 - $5k

Setup costs range from $500 to $5,000 depending on the scale and quality of equipment and services you choose for your yoga and meditation studio business. At the minimum end, you would need to budget for essential items such as yoga mats, cushions, basic sound equipment, and perhaps some marketing materials. On the higher end, investing in premium-quality yoga props, meditation cushions, sound systems, a well-designed studio space, professional marketing services, and online booking software can significantly enhance the customer experience and attract more clients. Recurring costs may include rent for the studio space, utilities, insurance, and marketing expenses. Online discussions suggest that while it's possible to start with minimal expenses, many find that costs can increase as they aim for higher quality services and marketing efforts to grow their business. For a friend looking to take this seriously, I would recommend budgeting between $500 and $5,000 for a well-rounded start-up in the yoga and meditation studio business.