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Established Pilates Studio With 2 Studio Locations
Location: United States -> Illinois -> Chicagoland
Industry: Entertainment and Leisure > Other Entertainment and Leisure

Business Summary

Established Pilates Studio in Chicago with 2 Studio Locations. The business has been open for 19 yrs, both studios are fully equipped with Pilates equipment, both have established clientele & Instructors, both are 1100 sq ft with rental agreements in place with years remaining at same rental rate. Business name has been trademarked, website updated (1/2012), Mind Body software system with online scheduler, reporting, payroll, etc (set up for over 5 yrs).
Business Financials available after signing confidentiality agreement along with intention.

Negotiable Terms to Consider:
- Creative Financing such as 5 yr contract with monthly installment payments.
- Owner would agree to stay contractually for 1 year +based on responsibilities & salary.
- Teacher Training program also available For Sale or under a Licensing Agreement with your company name.
- Owner would agree to stay contractually teach the teacher training program for an agreed upon period of time to guarantee new Instructor employees.
- Partnership Agreement with the current owner and not a sale.

Annual Sales: $235K (both studios combined, consistently for last 4 yrs).
Asking Price: $180K ($90K each).
Debt $35K: All debt projected to be paid off by 7/2014


Asking Price Range:  < $250K
Gross Revenues:   $235,000
Cash Flow:   $10,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $50,000
Seller Financing:  Yes

About The Business

Year Established:  1994
Number of Employees:  10 - 19
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Management Training and Support:  Yes. Negotiable terms.
Reason For Selling:  Have taken business as far as owner thinks they truly can. Owner would like to move into different career.


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Established Pilates Studio With 2 Studio Locations Photo 1 Established Pilates Studio With 2 Studio Locations Photo 2

Print Listing Id: 700183764
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