Summary
The business is a boutique mind, body & fitness studio, under one roof. The sale includes all equipment worth $30,000. Ideal business for people in the fitness industry
Revenue
$233,060 pa
Rent
$59,370 pa
Expenses
$148,259 pa
Net Profit
$25,431 pa
Location Details
The Studio is located on the Northern Beaches of Sydney
Potential
There is significant upside for the business that is yet to be realised. The studio in its current form has significant capacity for an increase in member numbers per class, thus allowing an increase in membership sales and revenues per class. Given the layout of the studio, classes can be run concurrently in the main studio and the spin room. Classes are currently only running at limited hours per day, leaving large potential for an expansion on the current class offering.
Skills
The current owners are not instructors and manage the business. This woukld be ideal for a fitness or health professional to take over
Hours
The studio is open 7 days, with varying times for classes
Lease
The current lease has over 12 months but the owner is happy to negotiate longer lease if required
Employees
The two owners manage the studio
Studio:
2 x member engagement staff
30 x instructors (contractors), responsible for running classes
Reason for Sale
As the owners have taken on increased workload in their other employment, the time has come for them to pass the studio on to an owner who has the capacity to realise its full potential.
They believe they have improved the business while in ownership, but are looking for a new owner who can take the business to the next level, with the time and capacity to invest in the business and its membership base
About the Business
the studio is a gym-calibre establishment with a big focus on community and customer service. Members enjoy a great choice of classes ranging from Yoga, Pilates, Barre, HIIT, Aerial yoga, Spin Classes. The location is strategic with street frontage on a main arterial road to Sydney's Northern Beaches. The studio has 2 distinct sections; Yoga/Fitness Studio & Spin Room. The fitout has been designed to make members and visitors feel very welcome upon arrival.
Key Points
• Boutique space with modern fit out and a bright, airy main studio
• Contemporary interior design provides a natural and welcoming feel
• Blacked out cycle room
• Capacity of >600 members
• Over 5000 subscribers on the database and 7500 Social media followers
• Contemporary website and social media offerings
• Strong reputation in the industry and community
• Multi-purpose event space for additional income
• A wide variety of yoga and fitness classes
• Sub-leased space to other health Practitioners (currently one massage therapist and one kinesiologist), with capacity to rent out additional rooms
• Easy online booking and check in service
• The studio has excellent ratings with Google (5 stars), Facebook (5 stars) and a 4.8 star rating on the booking app (with over 1,000 reviews)
The current owners have created a space that allows multiple revenue streams for the business:
o Yoga & Fitness Studio with Spin Room
o Event space for hire
o Classes for school students
o Virtual/online classes
o Adjacent health practitioner services and room hire
History
First opened in 2016, with the current owners buying the Studio in 2020
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