Pilates Studio

Undisclosed Address, Metairie, LA
Business Opportunity for Sale
Catylist Listing ID: 30394562
Property Subtypes: Personal
Building Size (RSF): 3,600 SF
Sale Price: $50,000 - 499,000
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Relocatable Business: Yes
Sale Terms: Cash to seller. Owner financing available. Licensing available.
Last Updated: 8/12/2019

Overview / Comments

Pilates studio in Greater New Orleans area.

CBR ("Confidential Business Review") with up to 100 pages of additional information may be provided to qualified buyers with
1. appropriate experience in both pilates training and in business administration
2. proof of funds
3. buyer disclosure statement
4. Signed NDA

Owner financing is available for the current location with a minimum of $150,000 down, amortized over 20 years, with a 5-year balloon payment, at 7-9% interest

Licensing of the trademark is also available for those who wish to open new locations not within 30 miles of each other. Annual licensing fee is negotiable as a percentage of gross sales and combination of that OR flat consulting fees with a minimum commitment of 5 years and down payment of $50,000. This is NOT a franchise opportunity, so there are very few restrictions other than with use of the trademark.

EXCLUSIVE ONGOING consulting contract with Seller is REQUIRED. Seller will not consult other pilates studios within 30 miles of the subject property in the New Orleans area or any newly opened property wishing to license the trademark nationwide.

Additional Details

Industry Segment: Other Personal Prod. and Services
Reason for Selling: Pursuing other interests
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Current location is relocatable and or licensing of trademark for the purpose of opening up a completely new location is possible Current location, if desired, has lease valid until September 2020 Owner is in the process of considering relocation before end of current lease.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,377 167,808 361,939
Median Age: 40.64 39.13 39.04
Households: 10,039 74,337 156,236

Contact

Photograph of Listing Agent

Russell Bernstein

Metairie, LA
LACDB Member
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