Seller's Contact Information
- RE: Fitness Studio Owners Seeking Buyers
- Contact: Michelle Seiler
Quick Facts
Asking Price: | $150,000 | |
Annual Revenue: | Not Disclosed | |
Net Profit: | Not Disclosed | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | $31,929 | |
Real Estate: | Not Disclosed | |
Year Established: | 2015 | |
Employees: | 9 | |
BBN Listing #: | 230653282 | |
Broker Reference #: | Not Disclosed |
Business Overview:
City Surf Fitness offers a unique group fitness concept incorporating stability surfboards into traditional workout programming. The workout is designed to improve balance and agility all while strengthening the core and overall fitness levels. City Surf Fitness offers classes across a wide range of fitness disciplines such as barre, yoga, strength training, and kickboxing with the ability to create more all of which incorporate the stability surfboard as well as different equipment such as weights and bands. The studio offers a variety of membership and class pack 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 continuing education with staff. The Owners are very motivated to sell and encourage you to make your best offer!
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Property Features and Assets:
The company operates out of its 2,000 square foot, leased fitness studio that features two full bathrooms, a storage/office space, and a large backyard that could host many different types of fitness classes and events. 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.
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 homebased business opportunity.
- This is not a franchise resale opportunity
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