Listing ID: 74786
Own this YOGA studio and take on the legacy of excellence; now at a reduced price. Coming off a second good COVID year with a respectable Cash Flow, and showing strong signs of a return to pre-COVID 2019 with growth and expansion. From the first step inside, you know it was born of love and caring for the practice. Seller will mentor and continue teaching and support the new owner and leader of a very special family of yoga students and teachers. Competitively priced at 1.25 times CF, well below nationwide median for YOGA businesses. Assets includes all the equipment, trademark, non-compete clause, social media, website and other electronic tools such as a unique Studio App. Rent at below market rates in top-end location. And, takes advantage of a first-class buildout which doesn’t need an ounce of improvement. Turn-key is an understatement. Contact Broker Bill Swan for NDA and more info at home office cell: 575-770-1156
- Asking Price: $65,000
- Cash Flow: $52,000
- Gross Revenue: $174,000
- EBITDA: N/A
- FF&E: $20,000
- Inventory: $1,000
- Inventory Included: Yes
- Established: 2010
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,633
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Immaculate, calming, spacious buildout. Two studios with soundproof separations. Reception and sign-in area. High-end strip center with plenty of parking. Top notch website. Unique studio APP to access live, on-demand classes or register for in-studio.
Will train and support to insure success. Will continue teaching, mentoring and help transition as required.
Pursue other interests, but will stay connected to community
More than a yoga studio; a community, a gathering place with 10 certified, caring, knowledgable, and experienced teachers to guide each and every Yogi, regardless of experience. They make it easy to connect, not just in and out. They care here.
After 11 years, the owner is ready for new challenges and knows that growth will come with new leadership energy. Expand number and type of classes as we come out of COVID. Stay connected on social media with new thoughts and sources of success.
The venture was established in 2010, making the business 12 years old.
The transaction does include inventory valued at $1,000, which is included in the suggested price.
The business has Owner +1PT employees and is located in a building with estimated square footage of 2,633 sq ft.
The real estate is leased by the company for $5,808 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell businesses. However, the genuine factor vs the one they tell you may be 2 totally different things. For instance, they might claim "I have a lot of various commitments" or "I am retiring". For many sellers, these reasons are valid. But, for some, these might just be reasons to try to hide the reality of altering demographics, increased competition, recent decrease in earnings, or a variety of various other factors. This is why it is really essential that you not count entirely on a seller's word, but instead, utilize the vendor's response combined with your total due diligence. This will paint a more sensible picture of the business's current scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many operating businesses take out loans so as to cover items such as stock, payroll, accounts payable, and so on. Keep in mind that occasionally this can indicate that revenue margins are too tight. Lots of businesses fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that need to be met or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area draw in brand-new consumers? Often times, businesses have repeat consumers, which create the core of their day-to-day profits. Particular variables such as new competition sprouting up around the area, road construction, and also personnel turnover can impact repeat customers and also adversely impact future revenues. One important point to consider is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Certainly, the more individuals that see the business often, the better the chance to construct a returning client base. A last idea is the general area demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? Exactly how might the local median house earnings impact future revenue potential?