Established Indoor Cycle & Fitness Studio

Not Disclosed, MD
Baltimore City County

Located in Downtown Baltimore

Asking Price: Annual Revenue:
$400,000 $486,121

Recreation: Gyms, Health & Fitness, Sports

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RE: Established Indoor Cycle & Fitness Studio Broker: Seller of Business
Owner Financing is Available!
The seller is willing to finance a portion of the transaction price for a qualified buyer.

Quick Facts

Asking Price: $400,000
Annual Revenue: $486,121
Net Profit: Not Disclosed
Cash Flow: $87,500
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2014
Employees: 25
BBN Listing #: 207162509
Broker Reference #: Not Disclosed

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Business Overview:

The business opened its doors to its first studio in January 2014. The studio was the first of its kind in Baltimore, as boutique fitness was a brand-new concept to Baltimoreans. The growing popularity and importance of health & wellness combined with the business' location in a young and fast-growing neighborhood present an opportunity for these businesses to capitalize on a significant market share. The business operates in a well-to-do neighborhood where it has strong customer loyalty as a result of the current owner's investments into the studio and into the high-quality team of instructors who teach classes at the studio.

The second studio was opened in February of 2017, located less than 5 miles away from the original location. The new studio was strategically located in the fastest-growing neighborhood in the city. Unfortunately, due to the pandemic, the owner downsized the operation from two studios to one, opting to keep the second location. Expanding back to two locations remains a great opportunity for a new owner interested in expansion.

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Property Features and Assets:

The studio is located in a historic waterfront neighborhood and is one of the fastest growing areas in Maryland. The area is known for its dense, affluent, and growing population. The store location is surrounded by high-volume retailers, apartment complexes, and office buildings, all within a 1-mile radius of the studio. Free parking lots are similarly located in front of the studio, allowing customers to access the store free of charge. The proximity to a major city and its location along I-95 provides for steady customer acquisition.

Market Competition and Expansion:

The studio competes in the health & wellness industry, which consists of other cycling studios and fitness centers, gyms, and athletic clubs in the Baltimore City area. Its unique approach to physical activity sets the business apart from its competition. The business focuses on cycling and other strength training techniques to provide an alternative to traditional cardio and weight training. The business offers a service and experience that is not matched by any of its competitors resulting in recurring revenue.

Reason for Selling:

Changing careers.

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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