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Pilates Studio For Sale In North London

London, UK
Asking Price:
Under £50K Furniture / Fixtures and Inventory / Stock included
Turnover:
£100K - £200K
Net Profit:
Under £50K

Boutique mat Pilates studio for sale. Trading since September 2023. Strong reputation in London and 4.9 star Google rating (134 reviews). Email list of 1729 subscribers. Instagram of 4257 followers.

Further business information including photos, documentation etc available upon request.

A new lease is required to be signed by new owner with current landlord over existing commercial space. No issues foreseen here. Building has space for expansion if new owner wanted to expand the studio.

Profitable, particularly if purchased by a Pilates teacher who can teach some of the timetable.

Property Information

Property:

Leasehold

Lease Terms:

Previous lease expired. Currently occupying same site under a tenancy at will. A new lease will need to be entered with the current landlord. The Landlord has agreed to sign on existing terms. A deposit will be required (likely 6 months rent) and lease likely to need a minimum term of 2.5 years. However, specific terms of new lease will need to be negotiated between new owner and landlord.

Leasehold Rent:

£18,000 per annum

Location:

Islington, London

Premises Details:

Beautiful approx 550 square foot light filled space, fitted out to be a Pilates studio, white walls, large arch mirrors, changing room, art, marble counter top. Widely acknowledged to be one of the more beautiful Pilates studios in London.

Size in square feet:
Approx 550

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

The studio itself could be expanded as other rooms in the building are available. The business itself is replicable at other sites and locations, and also a possible franchise.

Competition / Market:

Very few exclusively mat Pilates studios in the area. There are numerous reformer Pilates studios.

Reasons for selling:

Possibly relocating family to New Zealand

Trading hours:

Classes currently operate at 7am, 12pm, 6pm and 7pm on weekdays. And 10am and 11am on Weekends.

Employees:
Owner is only employee. Six great teachers are self employed contractors.
Years established:
3

Other Information

Support & training:

As the owner, I am happy to fully train the new owner in how to run the business as well as providing comprehensive standard operating procedures. I am also happy to stay teaching in the business for a few months to help transition the studio over. I care deeply about the business and clients so would want the transition to be positive and smooth.

Furniture / Fixtures value:
£4,000 - included in the asking price
Relocatable:
This business can be relocated
Contact Seller