Profitable Fitness Studio in Prime Location

Bend, OR
Deschutes County

Asking Price: Annual Revenue:
$289,000 $334,453

Recreation: Gyms, Health & Fitness, Sports

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RE: Profitable Fitness Studio in Prime Location Broker: Rick Carlson
License #: 01820673

Quick Facts

Asking Price: $289,000
Annual Revenue: $334,453
Net Profit: Not Disclosed
Cash Flow: $56,399
Total Debt: Not Disclosed
FF&E: $163,000
Real Estate: Not Disclosed
Year Established: 2009
Employees: 5
BBN Listing #: 898527574
Broker Reference #: 812 Fitness

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Business Overview:

This is a thriving group fitness and personal training studio with top of the line equipment, highly skilled and professional staff, and a community feel that can’t be beat. Income is from memberships and personal training, with a total of approximately 450 visits per week. The Seller of this business trains his staff in his system for creating safe and dynamic workouts that keep members coming back, and is ready to train a buyer in the secrets to his successful system so this business can be taken the next level of success.

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Property Features and Assets:

Facilities: Excellent downtown location, large space of nearly 7,000 square feet, that is very well equipped. Parking is plentiful.

Market Competition and Expansion:

Competition: Fitness is always competitive. A main competitor recently closed, opening opportunities for this studio to pick up clients. Overall, this studio stacks up very well in comparison to its direct competitors thanks to its high level of service at moderate pricing. Variety is key, which this studio brilliantly offers. Growth & Expansion: The City of Bend is currently enjoying a growth spurt, with an average of 9 people moving to the community each day. In addition, the full potential of this studio is not yet tapped into as its hours are underutilized. Certain existing community relationships can be leveraged to increase referrals. Events and online marketing are recommended as well.

Reason for Selling:

Retirement – moving to California.

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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