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Established Pilates Studio With 2 Studio Locations

Location  Illinois,United States
Asking Price Range  < $250K
Gross Revenues  $235000
Net Profit / Cash Flow  $10000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1994
Number of Employees  10 - 19
Inventory  50000
Relocatable  Yes
Number of Employees  10 - 19
Real Estate  Leased
Training  Yes. Negotiable terms.
Reason for Sale  Have taken business as far as owner thinks they truly can. Owner would like to move into different career.
Description  Established Pilates Studio in Chicago with 2 Studio Locations. The business has been open for 19 yrs, both studios are fully equipped with Pilates equipment, both have established clientele & Instructors, both are 1100 sq ft with rental agreements in place with years remaining at same rental rate. Business name has been trademarked, website updated (1/2012), Mind Body software system with online scheduler, reporting, payroll, etc (set up for over 5 yrs). Business Financials available after signing confidentiality agreement along with intention. Negotiable Terms to Consider: - Creative Financing such as 5 yr contract with monthly installment payments. - Owner would agree to stay contractually for 1 year +based on responsibilities & salary. - Teacher Training program also available For Sale or under a Licensing Agreement with your company name. - Owner would agree to stay contractually teach the teacher training program for an agreed upon period of time to guarantee new Instructor employees. - Partnership Agreement with the current owner and not a sale. Annual Sales: $235K (both studios combined, consistently for last 4 yrs). Asking Price: $180K ($90K each). Debt $35K: All debt projected to be paid off by 7/2014
Click Here To Contact Seller

    

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