Profitability of small spaces

"Fortunately the early years' discussion of "what does profitability mean?" Is long since history. However, it is clear that a significant part of a space's profitability comes from scale and minimizing the member interaction that comes associated with managing larger teams that have dynamics of their own. But, in 2024, how do small spaces find profitability?"
Objective
To establish an honest dialogue about the profitability of small spaces and the different revenue streams they are using.