Indoor Cycling Studio; Rev $534K, Seek Buyer/Investor to Buy $99K, LA

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Asking Price:
$99,000

Gross Revenue:
$533,764
Cash Flow:
$102,000
(Seller's Discretionary Earnings)

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

FF&E:
 Not Disclosed
included in asking price

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Business Description

> A fitness studio/cycle class which is the boutique fitness studio, is a subsector in the fitness industry has seen tremendous growth over the past couple of years.
> The studio offers the most exciting, energetic and challenging indoor cycling experience that has become popular in recent years
> A new fitness business concept that develops the cardiovascular stamina of human beings through high intensity classes by spinning the stationary bike in the room while enjoying music from the playlists set by the instructor, while lighting in the room
> "It's almost like a new renaissance in fitness where people don't want to go to these big gyms"
> Free parking in the garage of the same building and no need for validation
> All-New high-tech bikes are in, clean studio and fun-engaging-motivating instructors
> In addition,the seller is seeking business partners to invest in this business concept to acquire 51% of the shares and grow together. Sellers are expanding their sales territories or seeking franchises nationwide whether sell or not. The seller is from former Italian swimmer: He will gladly give a free consultation to investors
• Monthly gross sales are $44,447 in 2017 tax returns, but have additional cash sales not included in the report
• Monthly net income possible is anywhere betewwn 4-9,000 on average
• Rent is $12,500/mo
• Lease remains 6 yrs. Buyer can apply a new lease for more years and options
• Studoi size is approx. 2,900 sq. ft
• Current employee ars 3 part time, paying $5,500/mo
• There are 6-7 part-time instructors working for minimum wage + commission
There are two calsses: 6:30 am - 10:30 am, Mon-Fri and 7:45 am - 1:00 pm on Sat & Sun
• Sign and return attached online NDA form for quicker inquires
• Contact Kevin Kim at beeinvest.kim@gmail.com
• For more information, be sure to come to our office
• I have an E2 and EB-5 foreign investor visa experience. This business is good for E2 visas. Call for E2 reference.
> Lifestyle blog, The Collection featured AuraCycle in their recent post “Spin It To Win It,” highlighting the best indoor cycling studios across Los Angeles to achieve the ultimate summer body. And who doesn't want that?
> LA Times Article: Your Top Guide to LA’s Indoor Cycling Scene
" Great article in this weekend's LA Times about LA's indoor cycling scene! LA Times journalist Vincent Boucher reviewed the hottest indoor cycling studios in Los Angeles, by dropping in and pedaling down on an AuraCycle class led by our lead fitness instructor, Trent David. How does Aura stack up against the others in the top 5?"
• Please send your inquiry at beeinvest.kim@gmail.com or leave a message at (714) 345-6514
• For a faster service, come to our office at 5730 Beach Bl. #200, Buena Park, CA
• Never speak to staff or interrupt with operations during your observations

About the Business

Location:
Los Angeles, California
Year Established:
2013
Number of Employees:
3+
Real Estate:
Leased
Building Sq. Ft.:
3,000
Rent:
$12,500.00 Per Month
Lease Expiration:
3/31/2025
Facilities:
Newly introduced cutting-edge cycles of 30 cars (machines)
Cycling studio with amplifier system, millor, and instructing equipment, locker room, shower room, bathroom, 2 toilet, students free parking and more amenities
Ideal business for E2 Visa applicant
Market Outlook/
Competition:
None
Growth & Expansion:
Open more classes during day time
Creating and selling more OEM products such as fitness clothings, shoes, headsets, beverages, carriers, gloves, hats and more for clients and publics via market
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About the Sale

Reason For Selling:
Moving back to Europe
Training/Support:
2 weeks after closing escrow
Seller Financing:
N/A

Listing Info

ID:
1609114
Ad Detail Views:
681

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Business Listed by

Kevin Kim

Bee Realty Group
License# 01922126

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Report an Issue The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.