Summary
This Xtend studio has been operating for two plus years. it has a beautiful fit out with two big studios. a 12-bed reformer studio and a 100 sqm barre studio that accommodates yoga, barre, and HIIT.
Location Details
Corner Pittwater road &, Magdala Rd, North Ryde NSW 2113, Australia
It is located in the North Ryde RSL club below Anytime Fitness. It has a prime location with ample parking. There is also an opportunity to collaborate with on-site businesses.
Potential
Unlock the potential of owning and operating your own stunning studio with an established team of exceptional instructors. Currently being managed remotely, this business is operating at just 50% capacity, presenting an ideal opportunity for an ambitious owner-operator to step in and take it to new heights.
With a solid foundation and a loyal member base, you can leverage this existing success to propel the studio to its full potential.
Hours
The business has classes 7 days a week currently. Monday to Saturday are administration days.
Lease
The lease ends in December 2024 There is an option to renew, and we can assist in negotiating rental rates for 2025.
Employees
Long-term, reliable instructors trained in all fields of yoga, reformer, pilates, barre, and suspend.
Reason for Sale
The business partners have relocated out of state, facing challenges in managing the studio remotely. Despite its significant potential, the studio requires an engaged owner-operator or savvy investor to unlock its full capabilities. Priced for a swift sale and open to negotiation, this is a unique opportunity to capitalise on the studio's potential and steer it toward unparalleled success.
About the Business
This Xtend studio has transitioned away from the Xtend franchise network following removing all Xtend barres from the master's portfolio last year. Despite this change, the studio maintains its license to operate and conduct Xtend classes. This unique circumstance presents an exceptional opportunity for the incoming buyer to rebrand the studio according to their vision.
With established CRM and lead management systems and a dedicated membership base comprising loyal members and instructors, this studio offers a solid foundation for a passionate entrepreneur. The acquisition cost for this state-of-the-art, 270sqm studio is remarkably lower than the expenses associated with initiating a new venture. The facility has two separate studios, two bathrooms, and showers. Additionally, the rent for this North Ryde location is reasonable, although it holds a distinctive position open for renegotiation in the upcoming months. Seize the chance to make this studio your own, benefitting from existing systems, a devoted community, and a strategic location at a cost-effective investment.
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