Northumberland's Established Yoga Studio with Large Client Base and Low Costs for Sale
Morpeth, Northumberland
- Status
FOR SALE
- Date Submitted:
05/09/23
- Advert ID
519146
- Reference
B07513 / Rightbiz
- Call Agent:
- Leasehold: £49,999
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Reputable Yoga Studio For Sale
BusinessPlease quote reference B07512
CoGoGo are delighted to welcome to the market Yoga Den, a highly rated Yoga Sudio based in Morpeth.
The business was founded by the current owner in September 2017 when they identified a need in the area and has been a real labour of love accruing many happy clients along with a burgeoning reputation.
The business is now being sold, albeit reluctantly and with a heavy heart only due to the vendors wish to pursue a change in direction.
The business offers a wide variety of classes including;
- Yin Yoga
- Vinyasa and Hatha Flow
- Yin Yang Yoga
- Restorative Yoga
- Yoga Nidra
- Chair Yoga suitable for al levels including wheelchair users
- Zen Yoga
- Ashtanga Yoga
- 6 Week Beginner Courses
Currently the business offers 14 weekly classes but there is capacity and demand for more.
The business creates classes suitable for any age, size, shape and gender, with variations and alternative postures for their clients to use as they feel. The business prides itself on being a fully inclusive studio where everyone is accepted and feels at home
The sale will include the company website and social media platforms, an online booking system and app and the business enjoys great visibility online with impressive reviews. Also included is a database of past and present clients.
Key Selling Points -
- Well Established
- Great Reputation
- Low Running Costs
- Turnkey Business
- All Fixtures, Fittings & Equipment Included
- Handover Option Available
- Advertising and Marketing campaign
- Maximise the use of social media
- Extend the opening hours
- More weekend workshops and special events
- Explore online voucher discounters such as Wowcher and Groupon
Location
The business is based within Morpeth and is stones throw away from the busy town centre which provides ample footfall to the area.
Premises
The business occupies generous open plan premises ideally suited to the trade with wheel chair access.
The business is beautifully presented and maintained and new decorated.
Groud Floor
The main space fits 16 class participants plus the teacher comfortably.
There is a large disabled toilet and equipment cupboard.
All fixtures, fittings and equipment pursuant to the running of the business included in the sale
Equipment includes; mats, blocks, bolsters, blankets, eye pillows, chairs, straps and a feet up stand.
Tenure
We are advised the business is being sold on a Leasehold basis with a rolling agreement currently in place and reasonable rent.
The landlord would be happy to negotiate a mutually acceptable lease with a new owner.
Hours
The business operates approximately 25 hours per week.
Staff
The business is managed by our client plus 3 self employed staff members.
Financial Profile
Financial information can be made available upon request.
Please quote reference B07512
Contact Agent
Listing Statistics
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Contact seller
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 £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.
Be safe, use a Rightbiz Solicitor
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