Boutique Fitness Studio Franchises $800K Asset Value

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2 profitable & growing studios plus rights to another territory

Business Description

These nationally recognized boutique fitness franchises offer boutique training including barre classes and other state-of-the-art fitness and wellness programs. The offering includes two studios that are up and running but have not yet reached their full capacity and earning potential, as well as the rights to open a franchise in Park City. The pricing reflects the significant investment already made to build out and furnish the two
operating studios.

All of the instructors are part-time employees and the two full-time staff are studio general managers, one for each location. They oversee all operations, employee schedules, hiring and training, event staffing, member retention, new member acquisition, intro-class scheduling and selling new memberships.

The first studio opened in October 2017 and the second followed in May 2019. The two locations are in busy retail areas with easy access. The current owners also have the rights for the Park City area, which they have not yet developed. A buyer would also acquire the rights to open a studio there. Park City is experiencing explosive growth and is seeing an in-migration of new people from all over the country. A Park City studio could easily outperform both the current locations.

About the Business

Location:
Utah
Year Established:
2018
Number of Employees:
12
Real Estate:
Leased
Building Sq. Ft.:
1,500
Rent:
$1.00 Per Month
Facilities:
2 locations, one 1,500 sf, one 1,600 sf. Please note that rent figure above is a placeholder.
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About the Sale

Reason For Selling:
focus on other jobs
Training/Support:
negotiable as needed
Seller Financing:
some seller financing may be available for a qualified buyer

Listing Info

ID:
1682439
Ad Detail Views:
57
Asking Price:
$1,200,000

Gross Revenue:
$419,158
Cash Flow:
$153,255
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$10,000
included in asking price

FF&E:
$400,000
included in asking price

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Business Listed by

Colliers International Mergers & Acquisitions

Colliers International Mergers & Acquisitions

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