Significant Group Fitness Studio

New Orleans, LA
Orleans Parish

New Orleans, LA

Asking Price: Annual Revenue:
$197,595 $150,976

Recreation: Gyms, Health & Fitness, Sports

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RE: Significant Group Fitness Studio Broker: Michelle Seiler Tucker
Owner Financing is Available!

Quick Facts

Asking Price: $197,595
Annual Revenue: $150,976
Net Profit: Not Disclosed
Cash Flow: $58,734
Total Debt: Not Disclosed
FF&E: $26,490
Real Estate: Not Disclosed
Year Established: 2015
Employees: 9
BBN Listing #: 230653282
Broker Reference #: Not Disclosed

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Business Overview:

This company offers a unique group fitness concept and operates in a specialized niche. It provides classes across a wide range of fitness disciplines and offers a variety of membership structures. The company offers both in-person and virtual class formats, which has allowed it to be one of the few fitness studios to survive the pandemic-related lockdowns. It has built strong relationships with other local businesses and has had a loyal following and membership base since its inception. The company features a lead trainer who is responsible for training new instructors and for continuing education with staff.

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Property Features and Assets:

The company operates out of their 2,000 square foot, leased fitness studio that features two full bathrooms, a storage/office space, and a large backyard with a shed for storage. There is an option to renew the lease for an additional 3 year term.

Market Competition and Expansion:

The market has softened during COVID, with over 8 local studios closing their doors for good. This has given the company an advantage in the market to bring in new clients who may no longer have a studio to go to. There are other specialty boutique studios in the area, but none offer this company's unique fitness concept, which gives it a competitive edge. The company has added new class types every year. The staff is incredibly talented and always has ideas for new class types. There is also room for new membership packages and to continue to develop the company's virtual class offerings. The company currently has one studio. However, the company's unique concept brings in non-local, which presents an opportunity to expand into new markets so it can be better served.

Reason for Selling:

Other Business Interests.

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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