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Owner retiring and motivated to sell well-established family-oriented studio. Primary art taught is WTF taekwondo (90%); however, program could easily be transitioned to 100% TKD or as a mixed-art curriculum. Owner willing to impart all curriculum and knowledge during transition period (TBD). Over 100 students (ages 4+) currently enrolled and under contract. In 2018, average monthly tuition income alone was $11,000 (plus other income streams). Studio is well-established (20+ YEARS) and has an EXCELLENT reputation in the community. Top-of-the-line matted floor and all training equipment included in sale. Facility is located in PRIME retail spot within highly-desirable strip center which presently boasts 100% occupancy. Drive-by visibility from major thoroughfare is outstanding with daily traffic count of 26,000+ cars. Business has 3+ years left on a transferable lease at a negotiated rate significantly below current lease rates in the area. Lease includes renewal option and option for first right of refusal regarding expansion into adjacent units. Great opportunity for new instructors or expansion for an existing business. Owner is ready to move on to another business opportunity but is willing to fully train and/or mentor a new owner (if desired) to ensure a smooth transition. This business is currently valued WELL above asking price.
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Leased: 3504 sq.ft. $4,400 per month
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