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First Class Yoga Business - 2 Eastern Suburb Locations

Health, Fashion and Beauty Businesses , Health, Fashion and Beauty Businesses, Sales below $1m

Sydney, NSW 94 Views

Asking Price $499,000 for 100 %

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SALE OR INVESTMENT DETAILS

  • $712,483 Gross Sales per annum
  • $187,617 Profit (Normalised EBITDA)
  • Yes Finance Available (subject to approval)

Reference ID: 22896269

Highlights

  • First Class Yoga Business - 2 Eastern Suburb Locations
  • Owner only works on admin tasks, no more than 5 hours per week
  • Excellent dual locations offering wide client footprint
  • Over 7,250 active subscribers

Executive Summary

This business was established in 2013 and is today operating two separate yoga studios located in the Eastern Suburbs, both with premium, high-quality facilities. The business has built a first class reputation in the industry and has a steady flow of dedicated, regular clients.


Location Details

The business has grown to two studio locations, both in Sydney's prime Eastern Suburbs area.


Potential

There is potential to increase the growth within the business by taking advantage of the lack of competition in the areas surrounding both studios. The new owner could widen the range of classes on offer, increasing the current database of 7,250 clients to include more beginners classes and also those catering to the more advanced student.

There is also a great opportunity to open the studios up to lucrative and highly sought after private sessions outside of regular business hours, increasing profits exponentially.


Skills

This is a business that would suit a purchaser with previous health or wellness industry experience or an experienced Yoga instructor. Alternatively, it would suit a hands-on owner who wants to grow the business, bringing with them a background in running small to medium-sized businesses.


Hours

The business currently opens 7 days a week, with hours as follows:

- Monday to Wednesday: 6:00 am - 9:00 pm

- Thursday & Friday: 6:00am - 7:30pm

- Saturday & Sunday: 8:00am - 7:30pm

The owner only works 5 or less hours per week on admin tasks.


Lease

Studio 1 lease expiry in 2022, with a 5-year option. Studio 2 lease expiry in 2020, with a 3-year option.


Employees

The number of employees can vary. The business currently has the owner is the position of Studio Manager, has between 20 - 25 instructors, 1 social media manager and 3 cleaners.

About the Business

The business has been in Sydney since 2013. Starting with 1 studio in the Eastern Suburbs, the business rapidly grew the number of students because of the wide range of specialized classes on offer including cutting-edge Heated Infrared Vinyasa Yoga and Yin Yoga. Capitalising on the lack of competition in the area, the business soon opened their second studio, ensuring that the dual locations had a footprint covering the Eastern Suburbs from Bondi to Maroubra. Both studios offer far-infrared heated facilities to practice Vinyasa and Yin Yoga, making this business the only Yoga Studio within their footprint that offers these speciality practices


Key Points:

- Excellent dual locations offering wide client footprint

- Owner only works on admin tasks, no more than 5 hours per week

- The only business offering specialised Heated Infrared Vinyasa and Yin Yoga within the surrounding areas

- Pricing for classes range from $190/month for unlimited classes to a 12-month membership for $1,400

- Over 7,250 active subscribers

- 232 active full time practicing members

- Marketing focused with campaigns running on all social platforms, mailbox drops and a strong social media presence

- Studio 1 is approx. 144 sqm, accommodating for 46 participants per class

- Studio 2 is approx. 60 sqm, accommodating for 26 participants per class


This is an excellent opportunity to acquire a rarely available very established Yoga business, with 2 locations, wide business footprint, and solid customer base.


For more information on this exciting opportunity, please contact the undersigned:


Paul Smith

Business Sales Specialist

Mentored Business Sales, Corporate Business Sales & Acquisitions

M: 0420 550 433 T: 1800 858 696 E: paul.smith@mentored.business


Disclaimer: 

Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner's salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

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