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CONFIDENTIAL SALE
FOR SALE
17/04/24
609940
S1705 / Rightbiz
This exceptionally equipped studio was established in 2017 and has grown tangibly in the hands of the founder. The ground floor studio has become an integral part of a popular high street in Kent and has built a very strong community of clients. There are several 5-star reviews over a number of platforms that corroborate the strength of the model. A key consideration to the opportunity would be the quality of the leasehold premise, which is one of the best of its size in the region. Since inception, the founder has regularly invested into the standard of the studio, which boats an underfloor heating system, anti-slip vinyl flooring, internal ventilation systems, soundproofing with dividing walls and LED dimmable mood lighting throughout. The improvements combine to create a truly stunning facility that can accommodate several yoga disciplines.
There is a competent team of self-employed instructors that work alongside the director to hold separate classes, which are typically visited by ages 25-55 and take place via group sessions. There is scope to increase the classes within the studio to incorporate other disciplines such as Barre, Pilates and other group classes/sessions.
Key Highlights:
At its peak, the business generated more than £150,000 which is attainable in its current market. The growth potential with the opportunity lies in increasing the number of classes which can be driven in several ways. This could be achieved by offering early morning classes, specific workshops, live and pre-recorded video classes which have proven to be successful in the past. The business is being offered to market on an offers invited basis due to the founder now having other commitments away from the studio.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
Get Solicitor
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