Pilates Studio - High End Community, Fixtures
Location California,United States
Asking Price Range < $250K
Gross Revenues $98000
Net Profit / Cash Flow $48000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2011
Number of Employees 1 - 3
Inventory 1000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training As needed.
Reason for Sale Other business interests.
Description Quoted adjusted net-profit would be for an ACTIVE OWNER OPERATOR. The present situation is an absentee-owned situation that is not profitable on a monthly basis, coming up short b/c of all the funds being directed to the instructors facilitating the classes. Includes a database of over 400 past customers, with about 60 loyal patrons that regularly visit the studio. Spared no expense on the buildout at a cost of $30,000, renovating a former dry cleaners into a pristine studio. Has accounts with high end Yoga clothing retailer that sends corporate employees to the studio direct, an amazing 2-way relationship exists that will be transferred to the new Buyer. Spent another $30,000 on all high-end industrial strength pilates machines that will be here when the cockroaches take over. Well maintained, clean, bright, airy studio perfectly primed for a new owner-operator to take over and profit from day 1! NDA is required for due diligence package on file with the Broker and for the address to visit as a CUSTOMER ONLY! Do not disturb employees, customers, or start asking questions unannounced, site visits for discussion/meetings with Seller by appointment only.
Facilities:
Gorgeous, fabulous, (insert glowing adjective) turnkey studio in the heart of Orange County ideally located in a female-centric shopping plaza!
Competition/Market Pros and Cons:
Not too many competitors with this kind of brand new equipment and attention to detail in terms of aesthetics. A dream to take over for a new owner operator.
Growth and Expansion Pros and Cons:Needs to be owner-operated. Current ownership is a pair of gals that have full time jobs that are outside the industry and they are not instructors directly. Potential to acquire surrounding tenant space to add a spin/workout/kickboxing/ancillary class, if that is a desired component of Buyer's business plan.
Support/Training:
As needed.
Reasons for Selling:
Other business interests.
Click Here To Contact Seller
|
|