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Pilates Studio With Trainers & Equipment

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $163484
Net Profit / Cash Flow  $51368
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2001
Number of Employees  1 - 3
Inventory  20000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  2 weeks at 20 hours/week
Reason for Sale  Personal
Description  This established San Fernando Valley Pilates studio sale comes complete with at least trainers, equipment, over 10 years of goodwill as well as a seller who is willing to remain involved with the business as a teacher or simply to consult the new owner. The sale includes all of the facility's equipment including nearly 10 reformers, a trapeze table, ladder barrel, chair and all of the ancillary equipment necessary to run a successful studio. The studio sees 200 to 300 loyal clients per month, and has accommodated nearly 400 per month in recent years. The seller, who teaches roughly 70% of the classes, is complemented by 4 additional non-exclusive independent instructors who also teach classes, as well as use the studio for private lessons. Asking Price $79,500 The 1,260 square foot facility with a parking lot and complementary neighboring businesses leases for $2,200 per month plus $635 in common area maintenance expenses on a secure lease valid for over two years with options that may be negotiated. All of the business's furniture, fixtures, equipment and 10 years of goodwill are paid off and included in the sale. In addition, the owner is willing to remain an instructor at a negotiated rate and offer assistance in hiring, teaching, training, marketing, etc. Competition exists however this studio has created a loyal patron base centered around the studio's location, equipment offering, trainers and class or private lesson prices and schedules. As the seller is willing to remain affiliated with the company, a smooth transition should be somewhat assured. A new owner, who is ideally a fitness trainer as well, may expand the business in any number of directions via additional marketing and extended class offerings given that the location could also be used as a yoga studio, cardio workout center, cycling / spinning class business, or a location for any number of complementary fitness or service oriented business offerings.
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