Description

In business for three decades, this iconic yoga studio enjoys an impeccable reputation and a loyal following. With yoga and similar classes scheduled throughout every day, a 'state-of-the art' facility, a highly-respected world-renowned instructor training program, and professional instructors with the highest of credentials, this business is an extraordinary investment.

The owner-operator has owned this business for several years and has invested extensively in its tangible and intangible assets. The business is operated on a semi-absentee basis with a cadre of long-term staff and instructors who would definitely stay for a new owner. 2015 sales were approximately $670,000 and generated approximately $120,000 in seller's discretionary earnings ('SDE'). The contact database includes many hundreds of highly-satisfied recurring customers. Detailed financial information will be shared with a prospective buyer upon meeting with the seller and the broker.

The 'main street' facility is rented at a favorable rate and the landlord is expected to welcome a new owner and to negotiate a new lease compatible with the new owner's needs; 6 1/2 years remain on the existing assumable lease. There are two full sound-proofed studios, each of which can be used independently of the other. There is potential for additional income from rental of one of the studios on a per-hour or per-diem basis for dance instruction or similar activities when not needed for yoga instruction.

The current owner will be very open to negotiating a period for training and transition as necessary for the new owner.

This will be the sale of the entire business of the company, including all assets and equipment, supply contracts and relationships, customer contracts, database, intellectual property, etc. It does not include cash, accounts payable, accounts receivable, or security deposits. Inventory is extra at actual cost. The asking price is $295,000. For a serious buyer with a cash offer, the seller will be open to reasonable negotiation of the asking price in return for an expedited transaction.
Some seller financing may be available to a qualified buyer with sufficient collateral.

Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made no independent verification of the data contained herein. The Broker represents the Seller and does NOT represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the Business.

Posted Aug 8, 2016

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