Spin & Fitness Studio with 2,500 members

Not Disclosed, CT
New Haven County

New Haven County

Asking Price: Annual Revenue:
$340,000 $640,504

Recreation: Gyms, Health & Fitness, Sports

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RE: Spin & Fitness Studio with 2,500 members Broker: Ed O'Deven

Quick Facts

Asking Price: $340,000
Annual Revenue: $640,504
Net Profit: Not Disclosed
Cash Flow: $143,977
Total Debt: Not Disclosed
FF&E: $6,585
Real Estate: Not Disclosed
Year Established: 2013
Employees: 21
BBN Listing #: 5394955
Broker Reference #: 3405-14578

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Business Overview:

The sale includes two locations! Boutique Fitness Studio with recurring revenues and with a community of 2,500 active members.
Dedicated to providing a confidence boosting, judgment free, no nonsense environment for a safe and effective work out. The business offers cycling and a range of fitness experiences from Yoga, Barre, Kickboxing, Strength Training and more.

Popular business with recurring revenue. Must see to appreciate.

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Property Features and Assets:

Location 1 - 3,000 square feet of space in free standing building Triple Net Lease is $4,300 rent per month Triple Net Lease expiring 5/1/26 Rent increases 3% per year. Location 2 - 2,000 square feet in a commercial building Triple Net Lease - Base Rent $3,000 increasing by 3% per year. Lease ends 12/31/19 with one 5 year renewal option. All equipment is included in sale. Completely turn key opportunity! Total Assets: $90,797

Market Competition and Expansion:

There are several competitors in the area. The business has a very dedicated following. Add classes or open more locations!

Reason for Selling:

The owner is relocating out of the state.

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.

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