Manhattan Beach Yoga Studio – Local Favorite in Prime Location!
Manhattan Beach, CA
This Manhattan Beach yoga studio boasts an ideal beachside in this highly coveted South Bay market. Manhattan Beach enjoys stellar access to some of Los Angeles’s most prestigious communities including Santa Monica, Venice and Marina del Rey, as well as those east of the 405 Freeway from West Los Angeles and Culver City down to Torrance. The business has over 30 instructors (all independent contractors) is ideally positioned to cater to its local client base for yoga or other studio-based activities (e.g. dance, ballet, exercise, etc.). Note - the revenues reflected are from 2019, the last representative year.
This 1,000 square foot yoga studio leases for $2,500 per month on a lease that expires in October 2021 with one 5 year option. All of the business's furniture, fixtures, equipment and goodwill will be included in the sale.
This yoga studio occupies a coveted location that is somewhat protected from many potential new competitors, however, it does face traditional competition from those offerings provided by fitness centers (e.g. Equinox), chain studios or other independent operators. This bustling business has stood the test of time from nascent competitors and continues to prosper! Due to COVID, some of the location’s nearest competitors are reported to have closed. These include Hot 8 Yoga nearby, all YogaWorks locations as well as a nearby Pilates studio. As a result there are almost no fitness options within a 4 mile radius.
The studio could tremendously benefit from a full-time owner-operator who is also a yoga teacher or who acts as a receptionist or a general manager. It could also bolster its revenues via offering studio sponsored yoga teacher training courses. The ideally located and well-appointed studio could also thrive as a dance or group fitness center, a Pilates studio, a spin / cycling class location or any other number of related concepts. e ideally located and well-appointed studio could also thrive as a dance or group fitness center, a Pilates studio, a spin / cycling class location or any other number of related concepts.
Seller will train for 2 weeks at 20 hours per week or as negotiated