Existing Yoga and Wellness Center -- growing business opportunity

CardioYoga Class
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Initial Fee: $4,000

Capital Req'd: $4,000

Existing Yoga and Wellness Center -- growing business opportunity

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Startup Description

We are a fitness center located in the middle of Livingston NJ in a prime location, right next to the local Shop Rite. The business was opened by an ER physician and Massage Therapist who created classes that focused on cardio vascular health, muscle strengthening and stretching. Classes are unique blends of cardio, weight training and yoga. We also offer meditation classes, massage therapy and weekly events to go beyond fitness and service all our clients wellness needs. Each month we continue to grow in the number of clients we are reaching, and our energy has been focused on converting those new clients over to memberships.

Detailed Information

Existing Units:
1
Facilities:
Brand new space with beautiful grey bamboo floors, grey walls, mirrors, bathroom, washer, dryer. The space is open with custom cabinets built to house yoga mats, clients belongings and hold the washer and dryer.
Competition:
There is one other yoga studio in the town, a Barre 3, Cycle Bar and a Fit 36. Although each of these studios offer fitness classes we are the ONLY studio that offers a mix of cardio, weight training, barre based toning and yoga in one space. We are the only studio in town that offers weekly meditation classes and wellness events. This allows us to draw a crowd beyond fitness and reach a group of individuals looking for wellness and mindfulness experiences. We also developed a class called Meditation Massage, which has been wildly popular in the town.
Explanation of Fees and Payments:
We are selling 25% of the company in exchange for covering 50% of our current financial overhead. Each month we are still short on covering our expenses, as of now about $4,000 burn each month. We are looking for someone who would be willing to pay 50% of what is not covered by the income (so in this case it would be $2000) in exchange for 25% of the business.
Business Website:
http://www.cardioyogastudio.com
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Startup Listed By:
Chelsea Alban

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