Listing ID: 82126
For Sale: This turnkey, cash flowing and exciting fitness business. This exclusive spinning studio gives a fitness experience that WOWS our expansive clientele list. ALL MEMBERSHIP BASED means strong and predictable residual revenues and cash flows. The unit is semi passive and fully managed (Parent Company owns and operates this unit). A great GM and team of instructors are in place. Our members step into an impressive IMAX theatre experience with premium amenities, modern and elegant 2000 SQFT spinning center. This rhythm-based ride keeps clients working hard for 30 straight minutes (including cool down). Indoor cycling has been a defined fitness platform for nearly 30 years. 200,000 individuals have been certified as spinning instructors over the years and 10,000 new instructors get certified every year. We are the most efficient and results-driven fitness program centered around cardio, strength, and restoration. This business is owned and operated by a very well-known parent company. The business is totally turnkey. This is more than just fitness. This unique concept has a Membership Based Structure: Flexible membership terms allow our clients to customize their membership to their daily life. This business has multiple revenue streams that build long-term residual incomes. Client retention is consistent and growing, as our spinning center is a one-stop shop for all our client’s fitness needs. This is a nationally recognized franchise brand, and the parent franchise company is nationally acclaimed. Full training and ongoing corporate support will be included with this sale. Contact Mike for more information about this business.
- Asking Price: $140,000
- Cash Flow: N/A
- Gross Revenue: $400,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2016
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Contact for detailed information about this business.
Full training and support will be included.
Contact for this information.
Excellent name in the industry.
High demand allows for long-term growth of this business.
The company was established in 2016, making the business 6 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell businesses. However, the genuine factor vs the one they tell you might be 2 totally different things. For instance, they may state "I have too many various obligations" or "I am retiring". For many sellers, these reasons are valid. But, for some, these might simply be reasons to try to conceal the reality of altering demographics, increased competitors, current reduction in earnings, or a variety of various other factors. This is why it is really crucial that you not depend completely on a seller's word, however rather, make use of the vendor's solution together with your general due diligence. This will paint a much more realistic image of the business's present scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous operating businesses take out loans with the purpose of covering things like inventory, payroll, accounts payable, and so on. Keep in mind that in some cases this can mean that profit margins are too thin. Numerous organisations fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that have to be met or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area draw in new consumers? Many times, businesses have repeat clients, which create the core of their everyday profits. Specific aspects such as new competitors sprouting up around the location, roadway building, and personnel turnover can impact repeat customers and also adversely affect future earnings. One essential thing to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business often, the higher the chance to develop a returning consumer base. A last idea is the general location demographics. Is the business located in a densely inhabited city, or is it located on the edge of town? How might the local typical family income impact future revenue potential?