NOT DISCLOSED, Texas
| Asking Price |
$198,000 |
Year Established |
2022 |
|
| Annual Revenue |
$217,027 |
Reason for Selling |
To pursue other ventures |
|
| Annual P/L |
|
Attention |
Raul Quintero |
|
| Annual Cash Flow |
|
Listing Number |
945140 |
|
| # of Employees |
13 |
Business Category |
Recreation: Gyms, Health & Fitness, Sports |
|
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.
Property Features and Assets:
<p>Monthly Rent: $7,910.20</p><p>Square Units (Foot, Meter): 2,400</p><p>Lease Expiration Date: September 1, 2027, 12:00:00 AM</p><p>Terms Options: (2)- 5 year terms</p><p>FF&E Overview: </p><p>(1) Heater<br />(1) Music and Arts Equipment Set<br />(1) Signage<br />Furniture (Front Desk, Cubicles, Benches, ETC.)</p><p><br />FF&E General Condition: Good condition</p>
Market Competition and Expansion:
<p>Competition: </p><p>- Strong Community at the studio<br />- Outstanding Teachers<br />- Great Location, very centralized with other high end businesses in Strip Center<br />- Welcoming Front Desk Staff<br />- Extremely positive customer reviews<br />- Monthly Member Competitions<br />- Diverse Population at the Studio<br />- Recognized Brand in the industry<br />- Strong Leadership from the General Manager</p><p> </p><p>Expansion: </p><p>- Increase memberships<br />- Increase retail sales by increasing retail offering<br />- Decrease Attrition<br />- Always have an upsell<br />- Use Groupon or Class pass to increase memberships</p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity