Description About This Posting: Yoga Fitness Center
In business for three decades, this iconic yoga studio enjoys an impeccable reputation and a loyal following. With yoga and similar classes scheduled throughout every day, a 'state-of-the art' facility, a highly-respected world-renowned instructor training program, and professional instructors with the highest of credentials, this business is an extraordinary investment.
The owner-operator has owned this business for several years and has invested extensively in its tangible and intangible assets. The business is operated on a semi-absentee basis with a cadre of long-term staff and instructors who would definitely stay for a new owner. 2015 sales were approximately $670,000 and generated approximately $120,000 in seller's discretionary earnings ('SDE'). The contact database includes many hundreds of highly-satisfied recurring customers. Detailed financial information will be shared with a prospective buyer upon meeting with the seller and the broker.
The 'main street' facility is rented at a favorable rate and the landlord is expected to welcome a new owner and to negotiate a new lease compatible with the new owner's needs; 6 1/2 years remain on the existing assumable lease. There are two full sound-proofed studios, each of which can be used independently of the other. There is potential for additional income from rental of one of the studios on a per-hour or per-diem basis for dance instruction or similar activities when not needed for yoga instruction.
The current owner will be very open to negotiating a period for training and transition as necessary for the new owner.
This will be the sale of the entire business of the company, including all assets and equipment, supply contracts and relationships, customer contracts, database, intellectual property, etc. It does not include cash, accounts payable, accounts receivable, or security deposits. Inventory is extra at actual cost. The asking price is $295,000. For a serious buyer with a cash offer, the seller will be open to reasonable negotiation of the asking price in return for an expedited transaction.
Some seller financing may be available to a qualified buyer with sufficient collateral.
Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made no independent verification of the data contained herein. The Broker represents the Seller and does not represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the EGG329
To get more information about this Yoga Fitness Center business for sale in
San Mateo County please phone Tim Cunha (Intermediary, Broker - BRE License #:01919755) at 650-600-3751 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #221279 on BizBen.com. In addition to phoning
Tim Cunha, make sure you email Tim Cunha above to get more info about this
Yoga Fitness Center, to ask any questions or request an appointment to see this
business for sale, franchise, or opportunity. Thank you.
Related Links And Information Regarding This Posting
For over 25 years I have provided niche business purchase financial advisory and loan placement services with SBA and Non-SBA Loans, Retirement Plan Conversions, Private Investors, etc. Financing amounts available: $20K to $7MM. Call today to get pre-qualified or receive financing: 866-270-6278.
California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.
McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
Redwood Escrow Services, Inc. is a full service, licensed independent escrow company. We are EAFC Fidelity bonded, fully insured & licensed with the Department of Corporations. Committed to offering our clients the most comprehensive variety of escrow services available. Phone Janet at 510-247-0741.
Mark has a broad range of small business purchase & sale experience from analyzing potential acquisition targets to successfully guiding buyers and sellers through the purchase & sale of small businesses. Mark can assist with contracts, negotiations, legal matters, etc. Reach Mark at 949-478-8393.
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