YogaSix Multi-unit Opportunity
Location – Salt Lake City
Asking Price – $829,000
Units Under Development – 2
Number of Territories – 4
Yoga created boutique fitness as we know it. At Yoga Six we are changing the way people think and experience yoga. In yoga, every day is different, but there is always room to learn, grow and keep seeing results. The more we learn, the stronger we get, the better we feel physically and mentally. Yoga is a mental practice as much as it is physical.
Our yoga and fitness classes allow our members to define their own success, from one day to the next – to customize their practice. We help members connect to themselves in a way that is energizing, empowering, and fun. With an established and loyal following and more than 400 licensed locations, Yoga Six is a national, modernized yoga brand that promotes accessibility.
About the Utah opportunity
After starting the development of 4 Yoga Six franchise locations in the Salt Lake City market, the owner received a new job offer that requires him to relocate outside of the country. Due to this new development he is forced to sell the business.
Currently there are two locations under development with a target opening date for both in the third quarter of this year. They are located in Midvale City, Utah 84047 and Salt Lake City, UT 84106. The leases for both locations have been secured for a ten year term. All of the equipment needed for both locations has been purchased including the custom heating system for the studio, all of the mill work/ furniture/ fixtures, equipment such as mats, weights, straps, blocks, the flooring for the studio, the A/V system, the POS system, and all affiliated technology to run the studio. The total investment for both location is projected to be around $900,000 including the franchise fees.
In addition to the two locations under development, the rights to two additional territories are included. The trade areas for the 3rd and 4th locations are in Sandy/Draper and downtown Salt Lake City. You have the option to pick a location anywhere from the Utah State capitol building down south to Draper, everything east of I-15 is the exclusive territory. The franchise fee for locations 3 & 4 has been paid at a cost of $45,000 each, or $90,000 total.
The Yoga Six franchise is thriving throughout the country with over 400 locations currently open and a total of 1,000 locations sold. The franchise system boasts high average volumes and great returns making them one of the best investments in the franchise Industry. Most importantly, they are dedicated to your success by offering first class training and support to their franchisees.
Since the owner is almost ready to open the first two locations, most of the headaches of starting a new business have already been absorbed. You have the opportunity to walk straight into 2 new Yoga Six locations and get to enjoy the fun part, growing the business. When the time is right you can expand into other areas of the market and duplicate your success in the other 2 territories that have already been purchased. Best of all, this entire package is heavily discounted versus you starting from scratch with a 4 unit obligation. The owner will have close to $1.1mm invested in the business and is only asking $829,000.