Inner City, VIC

Hot Yoga Studio $125,000

**ALL UPSIDE HERE!**

Bright and Spacious Hot Yoga studio centrally located in fabulous Richmond. Featuring 2 separate studios, state of the art infared heating, hardwood floors, full change rooms, light and airy reception/waiting area.

This is a superb opportunity to hit the ground running in an established and highly regarded yoga studio. The luxury of two rooms giving a new owner the opportunity to add to the current class mix with different yoga styles, pilates or fitness based offerings.


SNAPSHOT
- Established 2 years
- Asking Price: $125,000
- Experienced and popular teachers
- City of Yarra Planning Permit in place
- Open 7 days per week


LEASE
- Commenced 17 April 2014 for a four (4) year term
- One (1) further term of four (4) years
- Current Base rent $46,800 per annum
- Annual increases of 4%, market review at the end of each term.
- Floor area: approx 220 sq/m
- 1 car park

STRENGTHS/ BENEFITS
- High profile location in Richmond
- Superb fit out, light and spacious
- Secure lease, excellent lease terms and costs
- 2 separate studios
- Loyal students and experienced teachers.
- Perfect for a first time buyer or experienced operator looking to expand. No additional expenditure required

The current owner has invested significant capital to create a calm, inviting and beautiful space. The owner is now keen to move on and has listed the business at an asking price which is considerably less than the initial investment.


Contact Lisa Horne of Boyd Ryan Business Sales & Consultants on 0422 860 790 for a confidential discussion about this business or register your interest by clicking on the 'Contact Agent' link on this advertisement and completing your details. Please quote reference BR1194

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