Business for Sale Overview:
This is a well known fitness studio that has been rated as one of the Top 10 Fitness Studios by a very reputable source. It offers personal training, small indoor group training, as well as outdoor exercise classes with 10 to 50 students per class. In addition, the business has corporate accounts leading exercise classes 5 times per week, training participants on cardio, strength training, yoga, and Pilates among other exercises. The clientele age ranges from 15 to 70, although most are 35 to 55 and about 60% female. About 1,100 clients receive the bi-monthly newsletter, and each client has his or her own scan card. Clients can log onto their own account on the web site, purchase sessions online, and receive tips on nutrition and exercise as well as the ability to journal one’s improvements. Payments are debited directly from the client’s bank account through ETF, and clients generally buy 1-month, 3-month, 6-month, or 12-month packages. There are 6 ACSM-certified trainers that are paid as independent contractors. The trainers get $32 per hour which is approximately 50% of the billed total, and a 5% commission if the trainers sell a package to the client. The trainers share an online calendar and coordinate classes accordingly. Nutrition seminars are also conducted at the facility and a small amount of health products are sold. This is a well run fitness studio poised for growth and ready for a new owner with energy to bring it to the next level.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
This studio has a highly visible location in a desirable part of Seattle. The facility is approximately 1,200 square feet and the rent is $1,900 per month. All training sessions are by appointment but the studio is generally open between 6 AM and 7 PM Mondays to Saturdays. All fitness equipment are in excellent condition.
Market Competition and Expansion:
This fitness studio has an excellent reputation, loyal and repeat clientele, superb client management system, highly visible location, and well run operations. Clients prefer the personal attention they get in a smaller group or one-on-one session, and this studio is rated as one of the best in Seattle. Measured in total hours trained in the gym, this studio is operating at 60-75 hours per week with some weeks up to 90 hours. The capacity of the current facility is 120 hours a week, so there is room to grow. The client management and retention system sets a solid foundation for the business to expand. With new energy and additional marketing, this business is ready for growth.
Reason for Selling:
More time with family and other business interests
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.