Manhattan Beach Yoga Studio – Local Favorite in Prime Location!

Manhattan Beach, CA (Los Angeles County)

Seller Financing Available
Manhattan Beach Yoga Studio – Local Favorite in Prime Location!
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Asking Price: $225,000

Cash Flow: $126,633

Gross Revenue: $325,316

EBITDA: $126,633

FF&E: $0

Inventory: N/A

Rent: $2,500 per Month

Established: 2010

Manhattan Beach Yoga Studio – Local Favorite in Prime Location!

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Business Description

Sought After Location

This Manhattan Beach yoga studio boasts an ideal beachside in this highly coveted South Bay market. Manhattan Beach enjoys stellar access to some of Los Angeles’s most prestigious communities including Santa Monica, Venice and Marina del Rey, as well as those east of the 405 Freeway from West Los Angeles and Culver City down to Torrance. The business has over 30 instructors (all independent contractors) is ideally positioned to cater to its local client base for yoga or other studio-based activities (e.g. dance, ballet, exercise, etc.). Note - the revenues reflected are from 2019, the last representative year.

Detailed Information

Location:
Manhattan Beach, CA
Real Estate:
Leased
Building SF:
1,000
Lease Expiration:
N/A
Employees:
30
Facilities:
This 1,000 square foot yoga studio leases for $2,500 per month on a lease that expires in October 2021 with one 5 year option. All of the business's furniture, fixtures, equipment and goodwill will be included in the sale.
Competition:
This yoga studio occupies a coveted location that is somewhat protected from many potential new competitors, however, it does face traditional competition from those offerings provided by fitness centers (e.g. Equinox), chain studios or other independent operators. This bustling business has stood the test of time from nascent competitors and continues to prosper! Due to COVID, some of the location’s nearest competitors are reported to have closed. These include Hot 8 Yoga nearby, all YogaWorks locations as well as a nearby Pilates studio. As a result there are almost no fitness options within a 4 mile radius.
Growth & Expansion:
The studio could tremendously benefit from a full-time owner-operator who is also a yoga teacher or who acts as a receptionist or a general manager. It could also bolster its revenues via offering studio sponsored yoga teacher training courses. The ideally located and well-appointed studio could also thrive as a dance or group fitness center, a Pilates studio, a spin / cycling class location or any other number of related concepts.
Financing:
Not offered but a small secured carrry may be considered
Support & Training:
Seller will train for 2 weeks at 20 hours per week are as negotiated.
Reason for Selling:
Personal
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Michael Wildeveld, CBB, CBI, CM&AP, M&AMI, CEPA

Business Listed By:
Ryan Clark

The Veld Group

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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