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.
- Asking Price:
- $198,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $217,027
- Cash Flow:
- Available on request
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
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
- Premises Details:
-
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
Business Operation
- Expansion Potential:
-
- Increase memberships
- Increase retail sales by increasing retail offering
- Decrease Attrition
- Always have an upsell
- Use Groupon or Class pass to increase memberships
- Competition / Market:
-
- 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
- Reasons for selling:
-
To pursue other ventures
- Trading hours:
-
Monday and Wednesday: 8:30 am – 9:30 pm Tuesday and Thursday : 5:30 am – 8:30 pm Friday: 8:30 am – 5:30 pm Saturday: 8:30 am – 11:30 am Sunday: 8:30 am – 11:30 am and 4 pm – 6 pm
- Employees:
- 13
- Years established:
- 2022
Franchise Information
- Franchise opportunity:
-
Franchise Resale
Other Information
- Support & training:
-
# of Weeks Seller Will Offer Training: 2
- Furniture / Fixtures value:
- $104,000 - included in the asking price
- Inventory / Stock value:
- $6,273 - included in the asking price
