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Yoga And Group Fitness Studio In New Westminster For Sale

New Westminster, British Columbia
Asking Price:
$35,000 (CAD) Furniture / Fixtures included
Sales Revenue:
Under $100K (CAD)
Cash Flow:
Under $50K (CAD)

Yoga and group fitness studio, offering a variety of speciality group fitness and dance fitness classes for adults. A one of a kind studio conveniently located near Skytrain in a densely populated, high-traffic area of downtown New Westminster.

Ideal opportunity for an existing business looking to expand, or someone seeking an established, low-cost business that they can take to the next level. Overhead is small, but the opportunity is large.

Sale includes all assets - the brand, customer list, website, sound system, specialty lighting, and merchandise. This is a turnkey business that operates using an online booking system, seamlessly integrated into its website. Clients can purchase and register for classes online, in-studio, or from their smartphones through an integrated app.

The studio is air conditioned, featuring an office, reception, merchandise area, small kitchen, and change room. Lease can be assumed or renegotiated. Business owner is willing to stay for transition for as long as necessary.

Further information available upon request, please contact seller below for more details.

Property information

Real Estate:

Lease

Lease Terms:

Gross lease where the base rent includes costs for all utilities, water, heat, air conditioning, electricity and cleaning of common areas. Exterior signage on existing building light box is also included at no additional cost. Lease expires September 30, 2019 with an option to renew for an additional 3 years.

Lease Rent:
$22 (CAD) per sq ft per annum
Location:

Densely populated, high-traffic area of downtown New Westminster, on Columbia Street. Conveniently located between New Westminster & Columbia Skytrain stations. Starbucks and Waves Coffee are also nearby.

Premises Details:

Second floor of one of New Westminster's original heritage buildings,built in 1898. This 1,600 sq ft boutique fitness studio is equipped with a professional lighting and sound system that is adjusted to match each class' unique needs. The studio also features ballet barres, full length mirrors, air-conditioning, waiting room, and an in-studio change room. Weights, mats, blocks, bolsters and straps are available for use in studio.

Size in square feet:
1,624

Business Operation

Competition / Market:

No significant competition in the area.

Reasons for selling:

Owner's personal circumstances have changed and cannot continue to operate the business.

Trading hours:

M-F 6:00pm to 9:30pm
S-S 9:30am to 1:30pm

Employees:
10 Contractors
Years established:
2016

Other Information

Support & training:

Owner willing to provide transitional continuity for as long as necessary.

Furniture / Fixtures value:
$15,000 (CAD) - included in the asking price
Inventory / Stock value:
$1,000 (CAD)
Relocatable:
This business can be relocated.

Contact Seller

Contact Information

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