Turnkey Boutique Gym in Prime Chicago Location
Business Description
This boutique fitness studio is located in the heart of Old Town, one of Chicago’s most desirable neighborhoods. The gym is outfitted with premium Sorinex equipment and a complete studio build-out, including custom flooring, professional-grade sound system and lighting, and soundproofing. Clients enjoy the convenience of free parking, a rare perk in this area. Our services have hundreds of 5 star reviews across Google, Mindbody, and ClassPass. There is also a steady stream of passive income with studio rental and personal training options offered outside of regular class schedule. In the last year, the current owners have been able to double revenue from the prior year with limited effort put into marketing.
The business operates under a very competitive 5-year lease agreement, providing stability and cost control in a prime location. Current ownership is highly streamlined, requiring less than 8 hours of work per week with loyal staff operating most day-to-day activities, making it an ideal opportunity for either an active owner-operator or a semi-passive investor.
With minimal marketing and community outreach to date, the studio has strong foundations but remains largely untapped. A new owner who invests in targeted marketing and community engagement will find excellent growth potential in the booming group fitness market.
The business operates under a very competitive 5-year lease agreement, providing stability and cost control in a prime location. Current ownership is highly streamlined, requiring less than 8 hours of work per week with loyal staff operating most day-to-day activities, making it an ideal opportunity for either an active owner-operator or a semi-passive investor.
With minimal marketing and community outreach to date, the studio has strong foundations but remains largely untapped. A new owner who invests in targeted marketing and community engagement will find excellent growth potential in the booming group fitness market.
About the Business
- Facilities & Assets
- This boutique gym is fully built out and turnkey, offering a premium training environment with no additional investment required. The studio features Sorinex fitness equipment, renowned for its durability and quality. The space includes a full custom build-out with specialized flooring designed for heavy lifting and high-intensity workouts, a professional-grade sound system, and soundproofing. The layout is optimized for small group training and personal training, making it adaptable for multiple business models.
- Opportunities for Growth
- With very little spent on marketing to date, a new owner has a tremendous opportunity to expand the client base and scale revenue through targeted advertising, partnerships, and community engagement
Real Estate
- Owned or Leased
- Leased
About the Sale
- Seller Motivation
- To focus on family
- Transition Support
- To ensure a smooth handover, the current owner will provide one month of training and operational support to the new owner. This includes guidance on daily operations, client management, and business systems to help set you up for success from day one.
Listing Info
- ID
- 2410902
- Listing Views
- 64
Listing ID: 2410902 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 of Use. Learn how to avoid scams.
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