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Contemporary, Eco Friendly And Tranquil Yoga Studio

Undisclosed, Undisclosed
Status
FOR SALE
Advert ID
255923
Reference
B05817 / Rightbiz
Leasehold Price: £199,995
Annual Turnover: £182,814
Business
Please Quote Reference B05817

Hilton Smythe are delighted to present to the market a contemporary, eco-friendly and tranquil yoga studio established by our clients just over 3 years ago.

The once in a lifetime lifestyle business opportunity is being offered to the market due to the other business interests of our clients which do not allow them to give the time the business truly deserves.

Their attention to detail is clear to see, from the standard of the studios, the height of the ceilings, the utilities and decor, client’s facilities & storage, the teachers and classes through to the website, social media presence and reviews.

Hilton Smythe rarely see and handle lifestyle leisure opportunities of this standard with an easy transition available for any new owner, key attributes of the business include -

  • Yoga classes for all levels from the novice to the experienced yogi.
  • 20 self-employed yoga teachers - offering different levels of Vinyasa, Yin & Restorative Yoga and Pilates as well as extensive workshop programmes.
  • Over 40 classes completed in the timetable each week.
  • Very stable and loyal client base.
  • Combination of monthly memberships and class pack purchases.
  • No fixed employee costs - reception hours covered by local volunteers and students looking for experience within this environment.
  • Bespoke and specifically designed space just over 3 years old.
  • Excellent website and social media presence.
  • Online booking system.
  • Over 7,500 client details held on the database with approx. 2,000 live current members.
  • Top rated reviews - 4.8/5 Google, 5 stars rated from Facebook, and 5-star Frederick reviews - some of the recent reviews listed below.
  • Large, clean and warm facilities. Very friendly owners and some excellent teachers. Very competitive membership fees.
  • Really engaging and well-paced.
  • Everybody that works here is very friendly and welcoming, which helps when you may have had a tough day. You can just leave it all to the side, enjoy the fabulous classes that they have on offer.
  • Felt so much better after the Yin session both mentally and physically.
  • Friendly atmosphere, clean place, great class.
  • Active advertising on Twitter, Facebook & Instagram.
  • Members of the Yoga alliance.
  • Opportunity to grow - adding ‘Teacher’ yoga training classes, smaller studios hire for workshops and smaller classes.
Our clients will offer a full business handover to ensure the smooth transition of the business and its clients.



Location
The business is located in London.

Many of its clients live within a 2-mile radius of the centre.

The centre also benefits from being on major bus routes.

There is pay and display parking available nearby.



Premises
Key USP’s of Premises include;

  • 3,500 sq. ft of carefully designed Yoga focused space.
  • Over £100,000 invested 3 years ago into the fabric of the space, the unique facilities, utilities and changing areas.
  • Disabled friendly throughout with flat or ramp access to all areas.
  • Eco friendly heating and ventilation system throughout (temperature kept at a consistent 21 degrees).
  • Soundproofed and insulated to the highest specification.
  • Tranquil, neutral decor throughout.
Ground Floor;

  • Main Entrance and Reception Area - includes area for shoe storage, mats for stretching, drinks chiller, low level seating and the main customer - reception counter
  • Studio 1 (100m2) - able to easily accommodate classes up to 40 people and includes a feature scenic space across the front ceiling to floor glass window, dimmable spotlights with feature wall lights, infra-red ceiling panels which supply gentle heat up to 28 degrees (ideal for hot yoga classes), discreet built in ceiling speakers and is fully equipped (see full list below) including standing mat racks (ensures mats stay fresh & aired).
  • Chill Out Area / Waiting Area - includes a main connected water cooler and hot water urn with tea making facilities and an area for seatin.
  • Studio 2 - smaller studio space for 15 people - ideal for yoga teacher training classes, off peak studio hire for workshops & events, additional classes or portion to remodel space to include therapy rooms.
  • Boiler room / Storeroom.
  • Walk- in Disabled Toilet with shower, sink and seating facilities.
  • Ladies Changing Room - includes 2 x toilet cubicles, 2 x hand basins, 4 x shower cubicles, hair drying facilities, underfloor heating.
  • Men’s Changing Room - includes 2 x shower cubicles, toilet cubicle, 1 x hand basin, underfloor heating.
  • Unisex Toilet cubicle.
  • Kitchen - full fitted with wall and base storage units, washing machine, tumble dryer, sink, microwave, storage shelving and staff area.
Full asset list;

  • Internal fit out of studios, receptions, luxurious changing rooms, kitchen/utility room, plant room and humidifier kit cupboard.
  • Ceiling spotlights throughout (dimmable in studios).
  • Kingspan Kooltherm K3 insulation above ceiling panels outside of ecoroof.
  • Custom made extra wide internal sliding doors for studio access (2 per studio).
  • Karndean Looselay luxury vinyl flooring (Cambridge Oak).
  • Grey sparkle effect stone flooring in change rooms & shower rooms.
  • Fully fitted Accessibility suite.
  • Feature wall sconce lights in Studio 1.
  • Feature flower effect wall lights in Studio 2.
  • Decorative copper ball hanging light fittings in tea area.  
  • Suspended ceiling tiles & frame throughout for good sound absorption and insulation.     
  • Reception desk.
  • Reception storage units x 2.
  • Reception chairs x 2.
  • Front door mat.
  • Shoe/bag racks x 3.
  • Coat rack.
  • YogaWorks Flag Banner.
  • Waterbase Pavement Poster Display sign.
  • Wooden benches x 11.
  • Metal bench.
  • Small water fridge.
  • Reception computers x 2.
  • BT Telephone system, handsets x 3.
  • BT Modem.
  • Desk contents - clipboards/stationery etc.
  • Printer.
  • CCTV cameras & CCTV screen display & kit.
  • Alarm system.
  • External Gas & Electricity cupboards (side of garage).
  • Internal water meter cupboard including electricity box & signage timer.
  • Fire Alarm system.
  • Amplifier Cambridge Audio TOPAZ AM10 x 2.
  • Amplifier Cambridge Audio TOPAZ SR10.
  • Ceiling speakers Cambridge Audio C165 x 6.
  • Ceiling Speakers Cambridge Audio C165SS x 2.
  • Acrylic poster holders - wall and freestanding.
  • Umbrella holders x 2.
  • Potted plants x 2.
  • Vertical wall radiators x 4.
  • Standing & floor fans.
  • Studio small belonging storage shelves x 2.
  • Ruth White yoga mats x 55.
  • Ruth White bricks /blocks/straps - 2 shelves in studio.
  • Ruth White bolsters x 25.
  • Sandbags in 2 wicker baskets.
  • Pilates straps.
  • Pilates balls x 14.
  • Pilates soft cushions x 14.
  • Studio storage shelves x 2.
  • Wicker storage baskets x 3.
  • Multiple Fleece blankets.
  • Hanging mat stands x 2.
  • Urn - piped tap water.
  • Cold Water dispenser - piped tap water.
  • Tea Station cupboard.
  • Mugs & glasses.
  • Assorted tea cannisters/teas.
  • Washing machine.
  • Tumble dryer - unused.
  • Dishwasher - unused.
  • Small under counter fridge.
  • Microwave.
  • Fitted kitchen sink & cupboard.
  • Storage shelves.
  • Hand and mat towels.
  • Assorted cleaning products/buckets.
  • Vacuum cleaner.
  • Assorted brooms/dustpans/mops.
  • Candles/trays.
  • Rega Mechanical Ventilation with Heat Recovery Air Unit 600DC R Wall Mounted x 3.
  • Humidity Solutions - Humidifiers and sensors in separate cupboard x 2.
  • Fitted Infrared ceiling panels in studios with timers.
  • Boiler & Hot Water tank.
  • Men and Women's Changing Room underfloor heating.
  • Replacement floor and ceiling tiles (stored in plant room).
  • Changing Room fittings/towel holders/hooks etc.
  • Changing Room hair dryers and holders x 2.
  • Women’s shower room with 4 fitted dual rainfall & handheld shower fittings x 4.
  • Men’s fitted shower cubicles with fitted dual rainfall & handheld shower fittings x 2.
  • Fire extinguishers x 3.
  • Small safe fitted in kitchen cupboard.
  • Whiteboard flipchart.
  • Outdoor fascia signage, LED illuminated with timer settings x 2.
  • Internal signage of YogaWorks logo, cut out acrylic fixed on spacers.


Tenure
The business is being offered as a Leasehold with 7 years remaining on a 10-year renewable lease paying £70,000 per year. Business rates are currently £28,000 payable in the current year.



Hours
MONDAY - FRIDAY - Morning & Lunchtime classes, Evenings 6.00pm - 9.30pm

SATURDAY - 9.00am - 5.30 pm

SUNDAY - 9.30am - 7.30pm



Staff
The studio is run and managed by our clients with the help of 20 self-employed yoga teachers and volunteer reception staff.



Financial Profile
The business generated a 2018-2019 Turnover in the region of £200,000 with an Adjusted net profit of £50,000. The current Asset and Investment level is in excess of £200,000. For further information please reference B05817.



Listing Details
Location: Undisclosed, Undisclosed
Sector: Craft Shops, Recreation Businesses
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Advert Reference: B05817 / Rightbiz

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