Business Overview:
RECURRING REVENUE: This is a unique type of Pilate's and the only place in town (they have exclusivity with the manufacturer) for this type of Pilate's machine. The Machines are each $10,000 a piece and they have 8 of them in great condition. Members pay per class but most pay a monthly, recurring membership fee giving you stable recurring revenue. The ideal buyer is someone who can step in and be an instructor with the 4 other 1099/contracted instructors who get paid per class that they complete. Sellers are moving out of state to take care of aging parents and have prepared the business for sale with the help of a Certified Public Accountant (CPA). He has all the necessary documents ready for due diligence, including tax returns, leases, equipment lists, financial statements and more. For more information including a detailed confidential opportunity summary with financial information and photos, please email Listing Agent Trent Lee.
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Property Features and Assets:
This is a leased location of 1,250 square feet with a Total Monthly Rent of $2,340. Seller is active in the business with 4 Independent Contractors. Hours of operation are based on class schedule.
$500 Inventory;
$80,000 FF&E;
$25,000 Leasehold Improvements
Reason for Selling:
Moving out of state to take care of sick parents
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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