Profitable Music, Dance and Fitness Facility
About this business for saleProfitable Music, Dance and Fitness Facility
This dance, music, and fitness facility offers wide open rooms with ample space for classes ranging from all types of dance, yoga, and Pilates. The current owners have used it primarily as a rental for other teachers and instructors. The new owner may continue that use and include your own business achieve your growth potential. There are 3 years remaining on the lease and there will be an option for a new lease at the term. Current owners completely built out the space with new flooring in all rooms, wall coverings, surround sound and more. It is completely turn-key and ready for anyone to take over. There is parking available in the outside lot. There are two large expandable doors with classroom access in addition to the front entry-way. There is no limit to the potential this space will produce. The space is approximately 6,000 sq ft. The base rent is $6,100. A signed non-disclosure agreement (NDA) is required to receive information along with proof of funds. Landlord is requiring a $15,000 deposit on assignment of the lease.
*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.