Yoga Fitness Studio – Seeks New Owner – AZ
About this business for saleYoga Fitness Studio – Seeks New Owner – AZ
Thinking about starting a Yoga or Fitness Studio in the East Phoenix, Scottsdale, Tempe, Mesa area? Significantly less expensive than starting up a new location, you are set with class schedules and students starting day one! Currently the business is making a small profit.
The owner only teaches a few classes and is open to continue instructing. The Business is just getting started, has a great reputation, and all of the hard work and upfront costs of the build out and equipment are already done for you. Plus you don’t have to wait months to build up enough classes and students for the business to stand on it’s own. The Studio has already won some awards and has had world renowned guest instructors from all over the world come and teach classes.
They have minimal competition in the area and 5 star ratings on Google, Yelp, GroupOn and Facebook. There is excellent growth potential. Continue with this studio’s focus and expand to other types of classes. Currently only using one large classroom with the ability to create a second one and have two classes going at once.
The owner’s other business is demanding more of the owner’s time; and the owner is wanting to see this yoga business to continue to grow and flourish but can’t devote the time to help it grow. The owner’s loss is your gain. Currently the owner works 8 hours a week on the business (excluding instructing classes). In order to provide for a smooth transition to a Buyer, the Seller will provide up to 2 weeks of training at 10 hours per week.
The space is approx 1,970 sf and there is $29,000 in Leasehold Improvements, custom build out and interior design.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.