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April 27, 2015
GROSS SALES: $240,000
INVENTORY: $30,000 (not included in sales price)
FFE: $15,000 (included)YEAR ESTABLISHED: 1998
EMPLOYEES: 1 FTE + 15 Contract
Long established San Francisco, CA yoga school is a vibrant neighborhood community center and a city-wide standard for a quality client experience. Profitable for over 10 years and still experiencing strong year-to-year growth. Excellent opportunity for an owner/teacher to step in to a healthy, cash-positive yoga school and community, or for a student of yoga who wants a strong, meaningful business venture.
Income diversified over memberships (all auto-pays, no pre-paid), class fees, retail, workshops. Potential for substantial growth through diversification of class offerings, teacher training program, cafe, day spa services, etc. Outstanding web-based marketing program drives 100+ new clients per month through well-honed membership sales funnel. Within top 5 Google ranking in market. 3,000+ active email addresses on weekly email newsletter. Several niche markets have been solidly secured.
Low operating expenses are due to highly documented business processes and training materials. This is a franchise prototype and could be expanded easily.
Business is offered as a going concern. Offered with a negotiable lease term (seller as landlord) for 1200 sf (one studio plus reception retail) or 3600 sf (two studios, reception, 4 large service rooms). Location is a very central urban neighborhood commercial servicing upscale urban professional residential. Very trendy and surrounded by salons, galleries, restaurants, clubs, and retail.
The U.S. Yoga business experienced a 30% increase in sales in 2008 and is bucking the economic trends of 2009.
Owner is selling to shift assets to new business and to relocate family. For more information contact: firstname.lastname@example.org
April 27, 2015
Do You Want Your Own Yoga Studio?
The idea of purchasing a yoga studio probably provides you with moments of exhilaration, which simultaneously turn to flashes of pure terror. Taking the giant leap to buying a studio is a serious decision, which requires some deep thinking.
Why: The first thing you should think about is why you want your own studio. Are you a frustrated teacher that wants more control over your class schedule? On the other hand, perhaps, you are not a teacher at all, just someone looking for a business opportunity. It is important your decision to open a studio is not purely emotional, and you should make sure you are clear on all the aspects of running a yoga business. However, if it is strictly a business decision, be sure that you are capable of creating a personal connection with the local yoga community.
Where: Any business owner will tell you that location is the cornerstone of success for any brick and mortar business. This is particularly true for a yoga studio. The feel and comfort of the space is key to building a contented clientele.
When: Sometimes we get an idea into our head and rush forward impulsively without really taking the time to think it through. This is a big decision. Take plenty of time to plan your strategy, while you look for the perfect site. In addition, it could be best to avoid opening during the busy holiday season, when potential clients are just too busy to add something new into their weekly schedule.
Who: You are going to need help. If you are not a yoga certified instructor and will be in charge of the day-to-day business details, you need to make sure you can find plenty of teachers. If you plan on teaching, you will surely need help with management.
How: One of your biggest questions to ask yourself is how you will achieve this dream. A great first step before jumping into any business is to create a plan. A well laid out yoga business plan will help you to have a clear grasp on how much money you need, your marketing strategy, and the general structure of your concept.
After you have contemplated all the big questions and feel satisfied that you are making the right decision, you can proceed with the confidence and excitement needed for a successful venture. Before you know it, you will be hanging the "Inquire Within," sign on the door of your very own yoga studio.
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