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Epping, Victoria 3076

$65,000 + SAV

Recreation/SportRecreation/SportSports Complex/Gym

AERIAL YOGA, REFORMER AND MAT PILATES STUDIO - NORTHERN SUBURBS - $65,000

**AERIAL YOGA, MAT PILATES, REFORMER PILATES AND CIRCUS!**

New, purpose built Aerial Yoga Studio in Melbourne's fast growing North. Antigravity yoga is becoming increasingly popular and this is one of the few studios in Melbourne to offer it, along with ever-popular reformer and mat pilates classes. The recent addition of Circus also gives this business a unique point of difference.

The business itself has been established for nearly 20 years (just 12 months in it's present location). The business was initially a mat Yoga studio, Reformer Pilates was introduced 18 months ago and antigravity yoga introduced 12 months ago when the business moved to its current location.
With limited competition in the area for this style of yoga, this business enjoys a large catchment and continues to demonstrate good growth and enormous potential.

The studio is located in a brand new, modern and clean warehouse with two separate studio spaces, two bathrooms and ample parking. The ceiling spans over 6 metres and is suitable for Circus Aerials, with the steel framework and infrastructure already installed.

SNAPSHOT
- Established 20 years (6 years in present location)
- Asking Price: $65,000
- Experienced and popular teachers
- Limited competition
- Cheap rent.
- Growth Area
- Open 7 days per week


LEASE
- Commenced 15 August 2016 for a three (3) year term
- One (1) further term of three (3) years
- Current Base rent $19,000 per annum
- Annual increases of 4%, market review at the end of each term.

STRENGTHS/ BENEFITS
- Excellent bespoke fitout.
- Secure lease, excellent lease terms and costs
- 2 separate studios
- Loyal students and experienced teachers.
- Owner willing to stay on to assist with handover and aerial training
- Perfect for a first time buyer or experienced operator looking to expand. No additional expenditure required

The current owner has invested significant capital to create a niche business in a great space . The owner is now keen to move on and has listed the business at a very reasonable asking price when considering set up costs of such an enterprise.


Contact Lisa Horne of Boyd Ryan Business Sales & Consultants on 0422 860 790 for a confidential discussion about this business or register your interest by clicking on the 'Contact Agent' link on this advertisement and completing your details. Please quote reference BR1280

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Price: $65,000 + SAVTrial: no
This listing last updated: 12th Oct 2017

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Epping, Victoria 3076 Exact map location not provided