Fitness Studio/Physical Fitness Program

Not Disclosed, PA


Asking Price: Annual Revenue:
$35,000 $98,927

Recreation: Gyms, Health & Fitness, Sports


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RE: Fitness Studio/Physical Fitness Program Broker: Jack Greenwalt

Quick Facts

Asking Price: $35,000
Annual Revenue: $98,927
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2015
Employees: 10
BBN Listing #: 3454955
Broker Reference #: 2602-15596

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Business Overview:

This is a franchised business that was started in the year 2000 in San Francisco, California. Currently there are approximately 60 total franchise locations primarily in the United States with the exception of 4 international locations. This business is in its fifth year of operation and was opened/started by the current owner. The owner purchased a building when they opened the business in an excellent location a very short distance from the main street. (See Facilities for more details of building). The area is exploding in terms of growth which will give the new owner tremendous opportunity for growth.

Although the business has several different services to offer such as those listed in the products and services section of this report, Barre classes are currently one of the primary focal points of the business. Barre is a form of physical exercise, usually conducted in group classes in specialty studios. It is distinguished from other group fitness activities by the use of the ballet barre and its incorporation of movements derived from ballet.

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Property Features and Assets:

The owners are willing to sell or lease the building to a new owner. The building was completely customized to operate the business. In addition to brand new specialized flooring, lighting, equipment, bathrooms, changing rooms, reception area etc., an incredible $9,000 integrated sound system was also installed in the building. For those very serious buyers, the building is a must see. A new owner would also have the opportunity to move the equipment and open in a new location if desired. Assets= $1,000

Market Competition and Expansion:

Barre classes are extremely popular and is a form of exercise that is sweeping the country. The classes are extremely popular as we speak in very large metropolitan areas. This form of exercise is spreading rapidly into suburban and rural areas as well. Getting into this business now is a ground floor opportunity due to the limited competition in the Central Pennsylvania region. Competition is quite limited. Of course, there are other aspects of the business in addition to the Barre classes such as Yoga, Cycling, Wellness, Retail Sales, Fitness, etc. This community location is exploding in terms of growth which will give the new owner tremendous potential for growth. This is an incredible opportunity for someone wanting to open a Barre/Cycling/Yoga type business because although there is a significant customer base, the business is being sold for the approximate value of the assets needed to run the business. The equipment is very high end. For example, the twelve bikes in the cycling room were purchased originally at $2600 each. The estimated cost to open a brand-new franchise to include the franchise fee and buildout would be an investment of $210,000 to $350,000. For a new owner looking to purchase this business, a mere $35,000 investment would provide a turnkey opportunity.

Reason for Selling:

Retirement.

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.

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