Ideal Yoga Spot In The City

Business Overview:

This business is a growing Franchise yoga studio that opened in October 2022 by a husband and wife team that are running the studio semi-absentee. This fitness focused franchise is now available for a new owner operator to take over turnkey at a reduced cost versus purchasing directly from the Franchise and starting up a new operation. While the seller is passionate about the business, the operation needs a full time owner to get the studio operating at its peak Level. The studio is located in a very centralized Houston area and is surrounded by other upscale businesses. Included in the sale price are all leasehold improvements ($243K), FF&E ($104K), and an estimated Inventory of ($6.2K).This a great opportunity for an existing franchise owner to add to their portfolio or a buyer who desires this specific territory to launch their first location.. In March of 2024 the business was in the black for the first month of the studio’s existence, starting a good trend for 2024.

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Property Features and Assets:

Monthly Rent: $7,910.20

Square Units (Foot, Meter): 2,400

Lease Expiration Date: September 1, 2027, 12:00:00 AM

Terms Options: (2)- 5 year terms

FF&E Overview:    

(1) Heater
(1) Music and Arts Equipment Set
(1) Signage
Furniture (Front Desk, Cubicles, Benches, ETC.)

FF&E General Condition: Good condition

Market Competition and Expansion:

Competition: 

- Strong Community at the studio
- Outstanding Teachers
- Great Location, very centralized with other high end businesses in Strip Center
- Welcoming Front Desk Staff
- Extremely positive customer reviews
- Monthly Member Competitions
- Diverse Population at the Studio
- Recognized Brand in the industry
- Strong Leadership from the General Manager

 

Expansion: 

- Increase memberships
- Increase retail sales by increasing retail offering
- Decrease Attrition
- Always have an upsell
- Use Groupon or Class pass to increase memberships

Reason for Selling:

To pursue other ventures

Additional Details:

Relevant Links:

• View more Texas businesses for sale
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