3197 Richland Ave, Metairie, LA 70002, USA
Listing was updated at: 04/24/2019
Property Overview
Price/Rent PSF Inquire
Asset Type Retail
Trade Type Lease
SQ. FT. Available 3,600
Date Available 04/17/2019
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Description

Location
Pilates studio in Greater New Orleans area.

CBR ("Confidential Business Review") with up to 100 pages of additional information may be provided to qualified buyers with
1. appropriate experience in both pilates training and in business administration
2. proof of funds
3. buyer disclosure statement
4. Signed NDA

Owner financing is available for the current location with a minimum of $150,000 down, amortized over 20 years, with a 5-year balloon payment, at 7-9% interest

Licensing of the trademark is also available for those who wish to open new locations not within 30 miles of each other. Annual licensing fee is negotiable as a percentage of gross sales and combination of that OR flat consulting fees with a minimum commitment of 5 years and down payment of $50,000. This is NOT a franchise opportunity, so there are very few restrictions other than with use of the trademark.

EXCLUSIVE ONGOING consulting contract with Seller is REQUIRED. Seller will not consult other pilates studios within 30 miles of the subject property in the New Orleans area or any newly opened property wishing to license the trademark nationwide.

Lease
see CBR

Location