171 - Negotiating a Studio Lease and the Real Numbers Behind It with Leah Drake

Today I'm back with Leah Drake of Vibrant Valley Music Studio for part two. In part one we talked about her transition to group lessons through the chaos of COVID and losing her teaching space. It's quite the story! In today's episode we zoom in on her move to a commercial space—and the very real finances behind it. Leah is based in San Jose, so none of this is cheap. She walks us through how she chose square footage with room to grow, why she prioritized a storefront for visibility, and how she financed the whole thing. If you like numbers, this episode will not disappoint. Leah is very transparent about her budget. Here's my conversation with Leah.   A full transcript and resources from this episode can be found at MusicStudioStartup.com/episode171.   MSS Entrepreneurs Hub + Mastermind MSS Studio Launch Grant Competition Music Studio Business Building 101 Business Finance for Music Teachers