Yoga Studio w/Complementary Services - Popular Location!

Los Angeles, CA (Los Angeles County)

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Asking Price: $325,000

Cash Flow: $170,000

Gross Revenue: $494,911

EBITDA: $170,000

FF&E: N/A

Inventory: N/A

Rent: $5,516.39 /Month

Established: 2013

Yoga Studio w/Complementary Services - Popular Location!

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Business Description

This yoga studio is located at the epicenter of the highly popular, growing Los Angeles neighborhood. The studio specializes in hot yoga, but it also offer a variety of other heated and non-heated practices including flow, kundalini, and relax, restore and renew variations thereof via its 20 instructors. The studio also hosts core, cardio and pilates classes in addition to offering day spa type of services including massage. The facility is comprised of the yoga studio, and separate pilates and massage rooms. It boasts a spacious check-in area with a solid retail selection, while guests enjoy fitness center like locker rooms with showers and laundry facilities.

Detailed Information

Location:
Los Angeles, CA
Real Estate:
Leased
Building SF:
4,590
Lease Expiration:
N/A
Employees:
1GM / 3PT
Facilities:
This well-appointed 4,590 square foot studio leases for $5,616 per month, on a lease until 9/30/22 with 2 five year options. All of the business’s furniture, fixtures, equipment and goodwill will transfer in the sale. Retail inventory will be sold at cost at close in addition to purchase price.
Competition:
While competing studios exist, this venue has a significant competitive advantage due to its location and its attractive lease rate. It is estimated that 80% of its clients live or work in the area and walk to the location.
Growth & Expansion:
New operators may take this opportunity in any number of directions, or they may prefer to leave it “as is” since it is already quite prosperous. Should a buyer wish to, a full-time working owner-operator could replace some staff for additional expense savings or they could lead classes or provide any form of sessions if they are a yoga or pilates instructor for any other form of practitioner.
Support & Training:
2 Weeks at 20 hrs/wk
Reason for Selling:
Personal
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Michael Wildeveld, CBB, CBI, CM&AP, M&AMI, CEPA

Business Listed By:
Ryan Clark

The Veld Group

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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