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Leisure/hospitality for sale

£15,000

Truro TR1, UK

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Property description

Ref 5467 – Yoga Class Business

Blacks Brokers are proud to bring to the market this leasehold yoga class business located in the much sought after area of Truro, Cornwall.


Introduction


Cornwall Yoga Centre has been trading in Truro since 2008 with a move to its current location on Green Street in 2013. Over that time it has firmly established itself within the local community.


Location


Cornwall Yoga Centre is positioned perfectly within the city of Truro on Green Street – this area is the main commercial centre in the county of Cornwall. Located within 10 miles of the beautiful Cornish coast, this Truro based business offers a fantastic opportunity for anyone wishing to relocate. The Yoga Centre itself is in the heart of the city, the central shopping plaza of Lemon Quay is right outside. The business benefits from having excellent proximity to public transport links.


Reason for sale


The current owner wishes to offer the opportunity for development of the classes business to a fresh owner due to other business and family commitments. The current owner can be available if requested on a retention basis to help with smooth transition for both new owners and existing clients. Retention period is negotiable.


Lease


The building is available on a competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. The current lease is on a rolling monthly contract, at a cost of £276.92 per week including VAT.


Building layout and design


The business is housed within a large, three storey, terraced unit within complex of town centre offices. The spacious yoga studio is located on the first floor with a reception/waiting area and customer toilet. Each area of the business is presented to a high standard, with clean, wooden flooring, large windows and a light and airy feel throughout. All yoga mats, blocks and equipment are of a high standard and well maintained.


Staff


The business is currently run and managed by our client working as an owner-operator. The business also has six self-employed sub contracted teachers/instructors in place.


Financial details


Financial details are available upon a viewing of the business and the business has traded solidly over its trading history. The rental rate of £276.92 per week is inclusive of VAT, business rates and utilities. The business has strong gross profits and the annual turnover figure can be provided upon request. There is scope for expansion, including an opportunity for a sub-lease agreement for part of the premises, the rest of the building is used by complimentary holistic and counselling businesses at present.


Summary


This exceptional business offers a lifestyle opportunity in addition to the clear business benefits. The business has a large, loyal and growing client base with a fantastic reputation already in place. The client base is broad with the business offering classes for the general population of the city alongside classes aimed at people who work in the immediate area and specialist sessions for mature clients and pregnant women. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Business: £15,000.

Please quote ref: 5467

Property info

What Zoopla users think of Truro

Overall rating:

  • currently 4 stars
Very good - 77% (47 ratings)

Ratings breakdown:

  • currently stars
Community & safety
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Entertainment & nightlife
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Parks & recreation
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Restaurants & shopping
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Schools & public services
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Community & safety
  • currently stars
  • 1
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Entertainment & nightlife
  • currently stars
  • 1
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  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
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  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
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  • 3
  • 4
  • 5
Schools & public services
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  • 1
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  • 5
Transport & travel
  • currently stars
  • 1
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Nearby transport

  • Truro (0.7 miles)
  • Perranwell (4.2 miles)
  • Penryn (Cornwall) (7.0 miles)
  • Exeter International Airport (79.0 miles)
  • Cardiff Airport (108.2 miles)
  • Bristol Airport (127.9 miles)
  • Tolverne Ferry Landing (3.0 miles)
  • Trelisick Ferry Landing (3.3 miles)
  • Philleigh King Harry Ferry Landing (3.4 miles)

Nearby schools

View all schools in Cornwall
  • Bosvigo School (0.5 miles)
  • Archbishop Benson CofE Primary School (0.5 miles)
  • St Mary's CofE School, Truro (0.6 miles)
  • Truro and Penwith College (2.3 miles)
  • Cornwall College (13.0 miles)
  • UTC Plymouth (39.4 miles)
  • Truro School (0.3 miles)
  • Truro High School (0.5 miles)
  • Penair School (0.9 miles)
Note: Distances are straight line measurements

Local info for Cornwall

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For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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