Listing ID: 67401
Founded in 2004, we are the largest indoor cycling brand and offer a variety of low-impact, high-intensity indoor cycling workouts, which are inclusive of all fitness levels. We offer an immersive, multi-sensory, community focused experience in state-of-the-art facilities led by specially trained instructors, enhanced with pumping playlists and tracked using rider-specific performance metrics. No matter where our riders are in their fitness journey, our class experience promises to calm their mind, elevate their mood, and revive their senses.
- Asking Price: $360,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
This Business Is An Established Franchise
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell operating businesses. Nonetheless, the true reason and the one they say to you might be 2 entirely different things. For instance, they may state "I have too many various commitments" or "I am retiring". For many sellers, these factors are valid. However, for some, these might just be excuses to attempt to conceal the reality of altering demographics, increased competition, current decrease in earnings, or a range of other factors. This is why it is really vital that you not depend entirely on a vendor's word, yet rather, utilize the seller's solution along with your general due diligence. This will paint a much more practical image of the business's current circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous companies borrow money so as to cover things like stock, payroll, accounts payable, etc. Bear in mind that sometimes this can suggest that profit margins are too tight. Numerous organisations fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future obligations to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that must be met or might cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area bring in new clients? Often times, operating businesses have repeat consumers, which create the core of their everyday revenues. Specific aspects such as new competitors growing up around the location, road construction, and staff turnover can influence repeat clients and negatively influence future profits. One vital point to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Clearly, the more individuals that see the business often, the better the chance to construct a returning consumer base. A final idea is the basic area demographics. Is the business located in a densely inhabited city, or is it located on the outskirts of town? Just how might the local average house income influence future income potential?