MergerPlace

HOT YOGA and Much More

New Jersey (Monmouth)


  • Asking Price: $99,000
  • Gross Income: $220,000
  • Cash Flow: $44,000
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $8,731
  • Listing ID: #213583
  • Established: 2017
  • Employees:

Business Description

This studio is one of the top yoga studios in central NJ offering classes in hot yoga, yoga and recently added spin classes as well. Having added workshops, Reiki, massage and Raindrop Therapy; the studio is covering many aspects of health and wellness. They have been in business for over one year and the buzz is growing.

They offer multiple classes per week for individuals of all ages and levels. The classes are led by skilled instructors (independent contractors) in their two yoga studio rooms and their spin studio. The owner is currently hands-on as an instructor and the studio manager. Hundreds of customers frequent the studio monthly with a significant number of monthly auto-pay members.

The lease runs through 2019 with options to renew. The studio is beautiful and has developed a strong following among customers in central NJ.


Business Details

Primary Business Category: Services - Other Services
Location: New Jersey
County: Monmouth

Company Information

Year Established: 2017
Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $99,000
Gross Revenue: $220,000
Cash Flow: $44,000
FF&E: $8,731
Seller Financing Available: No

Property Information

Facilities:

The 3000 sq. ft. custom built facility has one 800 sq. ft. hot yoga studio that maintains a temperature of 104 degrees! Plus much more including the 960 sq. ft. traditional yoga studio, boutique area, lobby space, spin studio, massage room with our resident massage therapist and resident Reiki Master, changing room, kitchen area and bathroom. Everything was custom built in 2017.

Growth & expansion opportunities:

Biggest asset/reason to buy the business is the possibility of expansion. With the exploding demand for HOT yoga and the existing owners assistance you could easily duplicate the yoga studio across the state. They are established and continue to grow a strong brand to attract new customers.

Competition:

Regular competition but few Hot yoga studios.

Reason for selling:

Business Development - the seller will consider a partnership or a merger with another studio or complementary business.

Support & Training:

Will train for 2 week @ no cost In 2015, the number of people practicing yoga in the U.S. alone stood at around 36.7 million and is projected to reach over 55 million by 2020*. Revenue from the yoga industry in the United States amounted to $9.09 billion in 2015 and is projected to reach over $11 billion by 2020*. (* statista.com). Wide variety of classes at different levels and style: YOGA / HOT YOGA / SPIN CLASS / PILATES/BARRE FUSION / SWEDISH MASSAGE / HOT STONE MASSAGE/ FOOT REFLEXOLOGY / CUPPING / REIKI / NUTRITION / RAINDROP THERAPY

Contact Business Seller

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Business Listed By:

Russell Miller

Murphy Business Brokers