London-based Premier Pilates Studio with Loyal Customer Base and Global Potential For Sale
City of London, London
- Status
FOR SALE
- Date Submitted:
30/04/24
- Advert ID
610593
- Reference
B08014 / Rightbiz
- Call Agent:
- Leasehold: £110,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Renowned and Unique Health & FItness Studio Situated in London For Sale
BusinessPlease quote reference B08014
CoGoGo are delighted to welcome to the market High Vibe a highly rated opportunity based in the City of London.
High Vibe, London's premier Pilates studio nestled on a bustling city street. Step into their serene sanctuary where wellness meets sophistication.
In terms of performance, the studio has been thriving. Their turnover has consistently risen year after year, reflecting their strong upward trajectory. This sale is driven by our client's aspiration to explore fresh opportunities in the business realm.
This longstadning business has been up and running for a decade, and our client has had the privelige of being under it's careful ownership for the past 7 years. They offer a variety of Pilates classes tailored to all levels, from beginners to advanced practitioners. Whether you're looking to tone muscles, improve flexibility, or enhance overall well-being, the diverse class offerings cater to your individual needs.
But High Vibe isn't just a studioāit's a community. Their passionate instructors foster a supportive environment where clients feel empowered to achieve their fitness goals. With a loyal customer base and rave reviews, High Vibe is positioned for exponential growth.
- ''Ā Brilliant studio, 5 mins from my house. High Vibe is great as I can pop in on my way home from work and then go pick the kids up. Itās super effective and I get so much more from those 30 mins than I would at the gym. High Vibe is perfect if youāre ātoo busyā to exercise. Love it.ā
- ''Absolutely love High Vibe. Iāve never been a regular gym user - until now. I go every single day I can. All the trainers are fantastic, the atmosphere is great and Iāve never been so fit and strong.''
- '' IĀ came to High Vibe Post Natal, hoping to lose weight and get fitter. I lost over 7.5kg in 6 weeks! Iād recommend High Vibe, especially to mums with limited time who want fast results.ā
Their online presence spans across Instagram, Facebook, and TikTok, while their studio showcases a robust website and maintains visibility on Google. They eagerly extend training opportunities to new owners to facilitate efficient business management. Notably, the business is presently overseen by a manager rather than being owner-operated.
In the future, High Vibe can embrace the digital age, offering live-streamed classes and on-demand tutorials, transcending geographical barriers and attracting a global community. Through strategic partnerships with wellness influencers and targeted marketing campaigns, the new buyer can amplify their presence and cultivate a tribe of high-vibe enthusiasts worldwide.
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Location
The studio's location boasts a strategic advantage, situated conveniently close to transportation hubs and nestled within a vibrant residential community. Its locale enjoys minimal local competition, offering a unique opportunity in the area.
High Vibe Location 1 - 6 Melbourne Grove, High Vibe, London, England, SE22 8QZ
High Vibe Location 2 - 62 Elm Park, Brixton Hill, London, SW2 2UB
Premises
High Vibe boasts state-of-the-art equipment, expert instructors, and a vibrant atmosphere that energizes the mind and body. Their spacious studio is adorned with sleek, modern decor, creating an inviting space for clients to unwind and connect with their inner strength.
Additionally, the Brixton Hill facility features a fully equipped cafƩ area that presently remains dormant. However, this presents a prime chance to capitalise on and enhance revenue streams.
Tenure
Both businesses are being sold on a Leasehold basis.
Brixton Hill - We are advised this location has a 15 year lease (break clause every 3 years) and the current rent is Ā£10,000 per annum.
East Dulwich - We are advised this location has a 15 year lease (break clause every 3 years) and the current rent is Ā£13,500 per annum.
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Hours
The current trading hours are:
Monday & Tuesday - 8:00am to 2:00pm
Wednesday - 4:00pm to 8:00pm
Thursday & Friday - 8:00am to 2:00pm
Saturday - 9:00am to 1:00pm
Sunday - Closed
Staff
The studio is managed by one full-time contracted manager and supported by 10 freelance staff members who work on a contractual basis. The day-to-day operations run smoothly without the owner's direct involvement, as the studio is entirely manager-operated. The incoming manager has indicated a desire to continue in the role, ensuring a seamless transition.
Financial Profile
The business achieved a turnover of Ā£145,000 in 2023. Full financials can be made available upon further request.
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Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring Ā£1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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