Broker Name:Greg Wills
Broker Email:gwills@touchstonebiz.com
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Respected Boulder Yoga Studio
(Fitness and Recreation, Yoga Studio)
Boulder, Colorado
Listed Price: $ 45,000
Listing ID: 201904

Listing DetailsGross Revenue: $ 180,000
FFE: $ 370,000 (Included in Price)
Inventory: $ 1,000 (Included in Price)
Reason for Sale:

Owner is a new parent, and is choosing to stay home to focus on family.


Training & Support:

Owners live locally and willing to provide training and support on an as-needed basis. One month of intensive training, if needed, plus ongoing support for as long as six months. The current studio manager is willing to continue indefinitely.


Listing SummaryBusiness Description:

One of Boulder’s premier yoga studios, this yoga studio business was founded in 2012, and has been independently owned and operated. The studio has a prime and highly visible location in a shopping center along a major thoroughfare, and has well established and respected teachers, a robust class schedule, workshops, trainings and has hosted numerous visiting national teachers. This studio's brand is among the strongest independent studios in the area, with a large and loyal student base. The majority of the studio's students are monthly members, generating guaranteed income.

The business is operating smoothly, and a new owner could take over with minimal changes or could completely recreate the yoga program from scratch. There is value in both the physical facility ($370K initially invested in the build-out), and in the on-going operations. The studio has an excellent PT manager who would be willing to continue under new Ownership if asked.

The 2350 s.f studio is in excellent condition and requires no remodeling. The facility is boutique-quality and features two practice rooms (join-able by a folding wall - total of 64 mats).


Competition:

Boulder is one of the strongest yoga markets in the world. It is also a university town with a vibrant and active student population year round. Colorado and Boulder are among the most active and physically fit places to live in the nation. There are a few national, chain, yoga studios in the town, but locals prefer to support local businesses and the market for family-owned yoga studios is growing, with new studios opening each year. This business would allow you to enter the local market without the long and expensive build-out and start-up period.


Potential Growth:

This yoga studio is poised for major expansion. There are multiple studio rooms and the opportunity to run classes and Teacher Trainings simultaneously. There has been strong interest for teacher trainings and special programs, that the current owners have not been able to keep up with. Additionally, national teaching talent is always very interested in coming to Boulder to lead workshops and trainings and the studio is well suited to host these events with strong demand from students (the studio has hosted Shiva Rae and Kathryn Butig among others).


Financing/Terms:

Can defer 1/2 of payment for up to 6 months.


LocationFacilities:

The studio has an efficient heating and cooling system, allowing for "hot" and "power" style classes (up to 100 degrees), while keeping energy bills low (half of that of a typical Core Power). Every detail from the custom wood check in/reception desk to custom cabinetry in the retail shop to the stone and tile in the spa-quality locker rooms, and the cork-padded floors in the practice rooms, is high end and gorgeous. Includes lounge area furniture and artwork.The studio features lots of free parking,and full locker rooms with showers and on site laundry.


OperationYear Established: 2012
Employees: 2
Absentee Owner: No