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Popular And Profitable Singapore Yoga Studio In Raffles Place For Sale

Raffles Place, Singapore
Asking Price:
$250K - $500K (SGD) Furniture / Fixtures included
Sales Revenue:
$250K - $500K (SGD)
Cash Flow:
Under $50K (SGD)

Popular, well-established, and profitable Dance and Yoga studio with 2 locations in Singapore catering primarily to Chinese-speaking clientele in Singapore. We have been operating profitably since 2018 with a large existing client base of loyal members, and a network of talented teachers.

Our studios offer aerial yoga, floor yoga, dance, Pilates, and other forms of fitness and dance classes, as well as instructor courses and special events.

We also offer a popular website, a fully automated online booking system for our members, and a CRM database with over 4,500 current and former members.

We rank at or near the top spot on google for several aerial yoga and bellydance related search terms in both Chinese and English.

We are looking to sell the business as we are planning to move overseas. We have run it now for over 5 years and are looking to pass it on to an enthusiastic and passionate (ideally yoga/dance-loving) owner.

Property Information

Real Estate:

Lease

Lease Terms:

The rent is combined for both studios (Raffles Place and Clarke Quay) per annum. Both leases are 2 year term with roughly 1.5 years remaining.

Leasehold Rent:

$93,600 (SGD) per annum

Location:

We have 2 locations. The main branch is in Raffles Place, a 2 minute walk from the Raffles Place MRT station, in the middle of the central business district of SIngapore.

The other location is a 3 minute walk from the Clark Quay MRT station.

Both locations are very convenient and centrally located.

Premises Details:

Our studios are located primarily in commercial office buildings, making it convenient for members to join from work. We renovate older units making the rental fees very affordable.

Size in square feet:
Approx. 1.5k sq ft (Raffles Place) and 1.3k (Clarke Quay)

Business Operation

Expansion Potential:

With targeted marketing and leveraging our the CRM database of over 4.5k customers, the expansion opportunities are limitless. Online and digital marketing has been very successful in attracting new trial students which can be converted to members. This process can be scaled up to drive expansion.

Competition / Market:

While there are several yoga and dance studios across Singapore, our business has a clear niche with Chinese-speaking clientele as well as students wishing to learn and lose weight through dance, particularly Belly Dance, where we have several experienced and award-winning instructors.

Reasons for selling:

We are selling the business as we plan to move overseas. We have run this company profitably since 2018 and are looking for an enthusiastic and passionate (ideally yoga/dance-loving) owner to take care and push it to the next level.

Trading hours:

Morning, afternoon, and evening classes run every day.

Employees:
2 studio managers and ~15 instructors
Years established:
6

Other Information

Support & training:

We can provide 1 month of free handover training and support for business, IT, and operations to a new buyer.

Furniture / Fixtures value:
$10,000 (SGD) - included in the asking price
Relocatable:
This business can be relocated.