Popular Community, Fitness, Dance, & Yoga Studio for Sale!

A well established (since 2005) community hub, the "heartbeat" of the neighborhood, offering classes & events for all ages, all levels, all abilities. Non-competitive, all-inclusive, traditional and non-traditional, eclectic classes offered 7 days a week. Dance, dance-fitness, fitness, yoga, and kids classes, etc. Professional and dedicated instructors and loyal clientele have allowed the studio to endure, even during the pandemic. So much time, energy, vision, heart & soul have gone into this business, there is nothing else like it! Location: Los Angeles, California Year Established: 2005 Number of Employees: 25 Relocatable: Yes Real Estate: Leased Building Sq. Ft.: 1,500 Rent: $6,000.00 Per Month Facilities: 1000 sq ft. studio, stereo system including speakers, mics, portable speaker, ipad, computers, POS system, custom lobby furniture, studio cubbies, weights, yoga supplies, portable ballet barres, select merchandise with logos (sweatshirts, water bottles), 20 pilates balls with custom storage, custom bathroom locking storage unit, plus more! Website: heartbeathouse.net Market Outlook/ Competition: Most studios have closed due to covid so there is a consolidated interest from other instructors as well as with the return of current clients and new clients who have been stuck at home and ready for more in-person experiences. Our studio is a one of kind, one stop shop for fitness, dance, yoga, and kids classes. The all-inclusive, welcoming energy is the main attraction. Growth & Expansion: Due to covid, we have livestream classes in place along with in-person and on-demand, which allows for more options than previously for clients to take classes (i.e. they don't necessarily need to be local). With restrictions loosened, it's prime time to rebuild and get back to serving more people. Cons are the landlord is interested in possibly leasing the current location to a restaurant but already has a great 2nd location (cheaper rent) available to move into (already built out, 1300 sf) in the same neighborhood.