Business Overview

Step straight into the largest network of Premium Indoor Cycling franchise studios, with 350 locations in the United States. This brand is rapidly expanding. Don’t miss the opportunity to own your local market!
A great opportunity to purchase one of the premier franchised indoor cycling studios in the growing Broward County, Florida area.
The concept of indoor cycling has built incredible momentum over the last 30 years. Offering concierge-level service and premium amenities, this brand has capitalized on this momentum and is experiencing exceptional success in a proven industry
Opened in 2015, located in a high-end retail center on a well-traveled street, this established studio features a state-of-the-art facility and immaculately maintained equipment. Fully staffed by professional instructors, this studio is a turn-key opportunity for a new owner!
This location consists of 2,800 square feet, 3 baths and 2 showers, retail space, and a large common area. 10 plus months to build out, the total construction cost $527,000 (including soft costs, FF&E, and hard costs). It has everything you need to hit the ground running and take this company to new heights. Inquire for more details!
The business could be used for immigration visas.

Financial

  • Asking Price: $150,000
  • Cash Flow: $60,940
  • Gross Revenue: $310,531
  • EBITDA: N/A
  • FF&E: $180,000
  • Inventory: $5,000
  • Inventory Included: N/A
  • Established: 2017

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,800
  • Lot Size:N/A
  • Total Number of Employees:7
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Beautiful new cyclist center with state-of-the-art equipment. Front desk with tblet check-in stations, Louge area, top of the line suround sound, and many more appealing furniture and equipment.

Is Support & Training Included:

2 weeks / 14 days @ zero cost to the buyer.

Purpose For Selling:

Absentee owner has corporate career and moving out of the state. . The owners a

Pros and Cons:

This indoor cycling franchise is the market leader in the industry, there is currently no other competitor. This is a well-established business with a large roster of returning clients and limited competition in the region. This franchise is experiencing year over year growth with 300 active memberships

Opportunities and Growth:

This business is run and operated by the husband and wife and they are moving out of state. The potential is great to double revenue !! A new owner/operator with some creative advertising/marketing along with adding additional classes, community involvement, cross promote with other businesses, schools and universities, you have HUGE potential. This is a turn-key operation needing a new owner-operator. A newly established digital marketing campaign is projected to positively impact new memberships and expand an already growing customer base.

Established Franchise:

This Business Is An Established Franchise

Additional Info

The venture was started in 2017, making the business 5 years old.
The sale won't include inventory valued at $5,000*, which ins't included in the listing price.

The company has 7 employees and is located in a building with disclosed square footage of 2,800 sq ft.
The real estate is leased by the company for $12,000 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals decide to sell operating businesses. However, the true factor vs the one they tell you may be 2 completely different things. As an example, they might claim "I have way too many other commitments" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these might simply be reasons to try to hide the reality of altering demographics, increased competitors, recent decrease in earnings, or a variety of various other reasons. This is why it is very crucial that you not depend completely on a seller's word, however instead, make use of the vendor's response together with your overall due diligence. This will paint a much more reasonable picture of the business's current scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses finance loans in order to cover things such as inventory, payroll, accounts payable, and so on. Keep in mind that occasionally this can suggest that earnings margins are too tight. Lots of companies fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that must be met or might lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area attract new clients? Often times, businesses have repeat clients, which form the core of their everyday revenues. Certain elements such as new competitors sprouting up around the location, roadway building, and also employee turn over can influence repeat consumers as well as negatively influence future earnings. One crucial point to take into consideration is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business often, the higher the chance to build a returning consumer base. A final idea is the general location demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? How might the neighborhood median household income influence future income prospects?