Thriving Fitness Studio w/ Growth Potential

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Almost-absentee or Salary, huge growth potential
Asking Price:
$149,000

Gross Revenue:
$230,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
$30,000
included in asking price

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Business Description

Currently absentee ownership
$40,000 to $60,000 active owner-operator salary
(managing vs managing and teaching 10 classes/week)
High-end Membership based revenue model.
Periodic boot camps provide quarterly boosts.
Potential to increase profits up to $20K more per Month
Opportunity to expand to adjacent space
Super supportive franchise training and support
Current owners will help and support you through the transition

Loyal membership - some 7 years since opening
Full loyal and responsible staff,
Full class schedule, instructors, staff training, class programming
cleaning, management, hiring, training, marketing, payroll... all running smoothly.

online website, and powerful booking system, credit card processing and membership management, studio manager, marketing systems and assets, huge online presence, business support... Continue the fabulous growth of this business as a partial-absentee, or work IN any of these capacities of this business with a built-in salary.

The current owners purchased and increased membership from 18% to 39% of this business' former capacity in less than a year. It's ready for you to keep the community and revenue growing. This company is currently being run from a distance; Ideally, a local and personally involved owner/operator would really rock this studio.

It's rare to find a service-based business that runs itself so well. Current owners have moved and are still running things absentee, but want to find the right new person to care for this precious asset. Is it you? Call to find out more.

About the Business

Year Established:
2012
Number of Employees:
17
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
2,850
Rent:
$4,503.00 Per Month
Lease Expiration:
2/21/2022
Facilities:
3 more years on the lease with a 5 year option. Recently built-out studio with up to 10,000 sf connected leaseable space for potential expansion or complementary business.
Market Outlook/
Competition:
Other "gyms" in the area, lots of them, but this studio sets itself aside and grows despite the competition. It truly is different and to a large enough segment of the population, much, much better. For a class-based model, the membership rates compared to members' average usage make our classes less expensive than nearby competitors.
Growth & Expansion:
In 2018 Five new class offerings were added, so you're just in time to continue the expansion. New classes, memberships and schedule changes have been tested, multiple membership options have had a chance to demonstrate popularity and all that is needed is to continue growth.
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About the Sale

Reason For Selling:
owners are moving,, running it semi-absentee now with an excellent manager
Training/Support:
Current owners will provide a warm introduction, 2 weeks training, full operations manuals, marketing plans etc. and will remain available for quick questions for up to two months.
Franchisor provides a full array of ongoing support, employee training, educational materials, the "culture" of the business and all branding and marketing assets plus ongoing business co
Seller Financing:
Open to discuss financing above $100,000.

Listing Info

ID:
1444407
Ad Detail Views:
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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

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