Fast Growing Cycling Studio W/ Recurring Revenue

Not Disclosed, CA
San Diego County

North County


Asking Price: Annual Revenue:
$225,000 $188,238

Recreation: Gyms, Health & Fitness, Sports


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RE: Fast Growing Cycling Studio W/ Recurring Revenue Broker: Dylan McGrath
License #: 01883640
Owner Financing is Available!
$200k Down with the Balance Seller Carry Note for 24 Months at 8% Interest.

Quick Facts

Asking Price: $225,000
Annual Revenue: $188,238
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 2018
Employees: 14
BBN Listing #: 68223364
Broker Reference #: 106-20270

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Business Overview:

After opening in Dec 2018, their pre-COVID, first year revenue in 2019 was nearly $500,000 with a semi-absentee owner net profit over $120,000. Seller states that there is huge potential to go up from there. The seller focused heavily on selling monthly recurring memberships (opposed to individual classes), which resulted in a large, loyal customer base pre-COVID. They invested $400,000 to build out the space, which consists of a 50 bike spin room, 2 bathrooms, shower, and childcare area. It is located in a high-traffic shopping center in a densely populated area of North County San Diego where new development is still happening. They have been doing outdoor classes with limited capacity and, as of April 2021, are now starting to move back indoors. This is a great opportunity to buy low and really capitalize on increased growth that is right around the corner once the studio is able to completely re-open indoors.

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Property Features and Assets:

2700 sq ft, total rent is $8,852, lease ends 8/2028

Reason for Selling:

Relocation

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 a franchise resale opportunity.

Relevant Links:

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