HIGHERPOWER Fitness Studios

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Asking Price:
 Not Disclosed

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

The Seller is not a fitness professional and desires to focus on other professional endeavors. The Seller is considering ALL offers. The price is NEGOTIABLE. The seller is VERY MOTIVATED. The Seller desires a SMOOTH and QUICK closing.

Company:
Founded in 2014 to create a welcoming atmosphere that brings balance to people of all ages and fitness levels, HIGHERPOWER stresses the importance of not only physical health but mental and spiritual well-being. HIGHERPOWER’s philosophy implements an East-meets-West approach that combines intense physical activity with yoga / meditation.

Acquisition Highlights
- THE ONLY place in New Orleans where you can do yoga, cycling, and TRX under one roof
- +8,000 customers with an avg useful life of 6-18 months, a tail of 2-3 years, with a lifetime value of $1.5MM @ only 35% capacity
- Running at only 25% capacity is the breakeven point for profitability
- Best value clients have been with HP for more than one year
- +98% of revenue comes from top 75% of customers who use +7 services on average

Management:
HIGHERPOWER currently consists of a 5-person management group, part-time desk attendants, and +60 instructors. The company’s diverse group of employees creates an inviting atmosphere and culture of acceptance that is not often achieved in the fitness world. Many of this year’s top earning instructors have been with HIGHERPOWER since its opening in 2014, a testament to how much instructors enjoy teaching with the company.

Facilities:
HIGHERPOWER opened its first location in Mid City (3500 sqft). It is currently THE ONLY place in New Orleans where you can do yoga, cycling, and TRX under one roof.

About the Business

Location:
New Orleans, Louisiana
Year Established:
2014
Real Estate:
Leased
Building Sq. Ft.:
3,500
Website:
higherpowernola.com
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Listing Info

ID:
1591543
Ad Detail Views:
1030

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$
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Business Listed by

Russell Bernstein

KW Commercial

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