Yoga Hostel Club

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Completely remodeled Fly Yoga studio and Hostel in the Heart
Asking Price:
$229,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

Amazing business opportunity in Koreatown. The property is divided in 2 separate parts. One is a Yoga Studio and the other one is a Hostel.
Yoga Studio:
The studio is located on high foot traffic intersection. The place has own parking lot for the customers. The major yoga style of the studio is aerial (fly) yoga, and the space is equipped with hanging hammocks. Brand new remodeled bathroom with walk-in shower. The area is full of new development buildings with high-end clientele. Can be used as a rental business for $35-$50 per hour. You also have the opportunity to increase the profit by adding the yoga supply store on site.

The Hostel: Very unique remodeled luxury style hostel. Brand new rooms with amazing interior and brand new remodeling. The HVAC system was recently replaced and works perfectly. 4 rooms with the opportunity to accommodate up to 14 people. The rooms are furnished with bunk beds and are ready to accommodate the guests. The average occupancy is 90% despite the fact that one sleeping space is starting $55 per night. There is an opportunity to increase the number of rooms up to 16.

The electric/ plumbing/hvac systems are brand new, and were replaced 3 months ago. The business has been connected for the fitness network software, all the internet marketing has been done as well. The place has a great potential for the growth!!! Do not miss the opportunity. The business just started working.

About the Business

Year Established:
2017
Number of Employees:
5
Real Estate:
Leased
Building Sq. Ft.:
2,200
Lease Amount/Mo.:
$2.20
Lease Expiration:
11/2/2022
Facilities:
The space of 2200 sq ft
Website:
pranayogala.com
Market Outlook/
Competition:
Yoga: No other yoga studios within 2 miles in the Eastern side. We offer very unique style that is attracting more people to come to our studio.

Hostel: Despite the high prices the occupancy is 90% during the weekdays and 100% during the weekends. There are no
Growth & Expansion:
Great potential for the growth! High-density area with new development
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About the Sale

Reason For Selling:
Leaving the country
Training/Support:
Yoga:We have 3 yoga teachers that are employed as independent contractors.

Hostel: We have a cleaning lady and an administator hat handles guests check-in check to.

All the necessary training will be provided upon request.

Listing Info

ID:
1398693
Ad Detail Views:
1146

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Business Listed by
Anastasia dedova

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