Are studios profitable?

Hmm...I've been thinking about the profitability of dance studios of late and really have to wonder if they are profitable.

Obviously they are businesses and no two studios are alike, but as a whole do dance studios make money, lose money or just break even?

I was thinking about the studios I frequent and they can't be making too much money when you consider the number of teachers, attendees and rent costs. What are your thoughts.

Also, what has been your experience in how most dance teachers are paid: by the hour/by class size/on a wage? They'd be making even less money than the studios.

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