Listing ID: 79420
Reason for Sale- Relocating- National Indoor Cycling Franchise in West Broward- Calling all fitness enthusiasts! Invest in the largest network of Premium Indoor Cycling franchise studios, with 350 locations in the United States. This brand is experiencing rapid growth. The concept of indoor cycling has built incredible momentum over the last 30 years. Offering concierge-level service & premium amenities, this brand has capitalized on this momentum & is experiencing exceptional success in a proven industry. Opened in 2017, located in a high-end retail center on a well-traveled East-West artery, 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 2,700 + square feet, 3 baths and 3 showers, retail space, and a large common area. 10 plus months to build out, the total construction cost $500k+ (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. Lease extends to 2036 Executive Summary available to a qualified buyer. 2021 Owner Benefit $48k for a working owner. Video tour available.
- Asking Price: $125,000
- Cash Flow: $53,277
- Gross Revenue: $299,411
- EBITDA: N/A
- FF&E: $67,000
- Inventory: $5,000
- Inventory Included: Yes
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Shopping Center Location- Rent $9507/Month -Lease Expires 3/1/2026 - Options (3) 5 yr. options.
Will train for 3 weeks @ $0 cost.
This Business Is An Established Franchise
The company was started in 2017, making the business 5 years old.
The transaction will include inventory valued at $5,000, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell businesses. Nevertheless, the true factor vs the one they tell you may be 2 completely different things. As an example, they may claim "I have a lot of other responsibilities" or "I am retiring". For many sellers, these reasons are valid. But, for some, these may simply be justifications to try to conceal the reality of transforming demographics, increased competition, current decrease in incomes, or an array of various other reasons. This is why it is extremely important that you not depend totally on a vendor's word, but instead, make use of the seller's answer together with your overall due diligence. This will repaint a much more sensible image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous companies finance loans in order to cover things like stock, payroll, accounts payable, so on and so forth. Remember that occasionally this can mean that earnings margins are too small. Many businesses fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise 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 must be satisfied or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area bring in brand-new consumers? Many times, businesses have repeat customers, which form the core of their day-to-day earnings. Certain elements such as brand-new competition sprouting up around the location, roadway building and construction, and staff turn over can affect repeat clients and also negatively impact future earnings. One crucial point to think about is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business often, the better the chance to build a returning customer base. A last thought is the basic location demographics. Is the business placed in a densely populated city, or is it situated on the outside border of town? How might the local median house income effect future income prospects?