Elwood, Victoria 3184

PILATES STUDIO - BAYSIDE $115k

For Sale | $115,000

Recreation/Sport Sports Complex/Gym

**PILATES STAR BAYSIDE**

Brilliantly located, well established, bright and spacious pilates studio and allied health practice for sale in a fabulous Bayside location.

SNAPSHOT
- Established 9+ years
- Asking Price: $115K
- Standalone double storey heritage building
- Secure lease and good rental
- Excellent presentation and fitout
- Three treatment rooms and 3 dedicated group pilates spaces.
- Balanced Body pilates equipment and reformers
- Experienced and popular teachers
- Excellent client retention
- Municipal permits in place

LEASE
- Commenced 30th March, 2016 for a three (3) year term
- Three (3) further terms of three (3) years
- Current rent $4,055 pcm
- Annual increases of 4%, market review at the end of each term
- Floor area: approx 220 sq/m

STRENGTHS/ BENEFITS
- High profile location in a popular suburb
- Excellent reputation within the industry.
- Large 220 sq/m premises
- Bespoke fitout
- Strong membership sales and retention
- MBO software and full service website
- Loyal clients and experienced teachers.
- Owner willing to stay on to allow for seamless handover.
- Perfect for a first time buyer or experienced operator looking to expand. No additional expenditure required

This business enjoys an excellent reputation in the Pilates industry and provides the purchaser with a turnkey operation, with no further capital expenditure required.

The owner has decided to sell to spend more time with her family.

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.

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Overview

This Recreation/Sport Business is one of 94 businesses for sale in Moorabbin, Victoria, and one of 18 Recreation/Sport Businesses in this region that a business for sale currently has on offer. This Recreation/Sport Business is for sale in Moorabbin for the asking price of $115,000 and has been marketed for a while and is definitely worth another look as it is sure to be snapped up soon..