Most Established Yoga Studio
Location California,United States
Asking Price Range < $250K
Gross Revenues $209700
Net Profit / Cash Flow $60000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1990
Number of Employees 10 - 19
Inventory 10000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training 2 weeks at 30 hours / week.
Reason for Sale Personal.
Description This Studio City yoga studio has served clients for many years. With an estimated 60,000 plus classes offered since opening, the studio has been home to over 750,000 attendees. The studio has a 2,200 person active customer database (within the last 2 years). With over 13 available teachers, the current owner has not taught classes for several years. The studio is open from 8:30 am until 9:00 pm, and provides classes of all types and levels. The facility also has additional storage space that could be converted into a meditation / tea lounge.
This business' prime location cannot be beat. The studio occupies 1,600 square feet (approximately 15 -20% is retail) and leases for under $5,000 per month. All of the assets of the business shall transfer, including the furniture and fixtures, name, website, phone number, customer list, and goodwill. The lease is valid until December 2009 and has a five year option to renew. Other yoga studios exist in the area, however they cannot match the longevity and goodwill this studio has developed over its prior 18 years.
The business has had continued success without aggressive marketing services or pushing retail sales. A new owner can increase revenues by promoting the retail division, implementing a teacher training program (which the current owner has already designed, but not implemented), and capitalizing on the active customer base to further promote the studio with email advertisements, direct mail, and special offerings for retreats, teacher training or retail promotions. Naturally, a working owner who leads classes will realize increased profits. Contact for more information on this Yoga Studio for sale.
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