Over $100K Cash Flow for Only $199K

Not Disclosed, NJ


Asking Price: Annual Revenue:
$199,000 $244,013

Recreation: Gyms, Health & Fitness, Sports


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RE: Over $100K Cash Flow for Only $199K Broker: John Inzilla

Quick Facts

Asking Price: $199,000
Annual Revenue: $244,013
Net Profit: Not Disclosed
Cash Flow: $103,017
Total Debt: Not Disclosed
FF&E: $78,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 3
BBN Listing #: 57534955
Broker Reference #: 3401-16541

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Business Overview:

COMPLETELY TURNKEY!

This Pilates business is having the best year ever in 2021 and poised for continued growth.

This business is an energetic Pilates Studio located in Central NJ. With a growing client list and three highly experienced and trained instructors, the only direction for this business is up!

This is a boutique Pilates studio specializing in foundational Pilates work through to advanced levels. The active or compromised senior, the commuter or stay at home mom, the athlete or sedentary population can all access and benefit from Pilates. Founded on the premise that small group classes, expert instruction and personal programming moves clients to where they want to go.

The studio is remodeled and has a very calming and Zen feel that will put clients at ease as soon as they walk in. The studio features all of the latest equipment valued at over $75,000 and is setup for private instruction and group classes. Some of the equipment includes:

6 V-2 Max Reformers/Tower STOTT
6 Wunda Chairs STOTT
1 Cadillac STOTT
2 Power Plates
6 Rebounder
6 Bosus
8 TRX Stations
Tower Trainer STOTT
So much more!

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Property Features and Assets:

The low overhead 2,375 square foot facility is situated on the second floor in a private area on a very busy intersection on a major NJ State Highway. The shopping center is very busy with a popular anchor bringing lots of traffic but there is ample parking with easy access to the studio through a private entrance. The studio was recently remodeled and is set up nicely for current services and poised for additional growth. Included in the space is an 1,100 square foot suite for Barre and a 400 square foot private Pilates room. Also includes two lounge areas for seating, a water station and cubbies for clothes. Assets = $78,000.

Market Competition and Expansion:

The Pilates and Yoga Studios industry exhibits a low level of market share concentration. In 2020, the top three companies are expected to account for less than 5.0% of industry revenue. Overall, the industry is highly fragmented, composed of many small, independently owned yoga and Pilates studios that cater to a market niche of local consumers. Competition comes in the form of fitness clubs and gyms as well as on-demand online classes using home equipment. However, many individuals still prefer yoga and Pilates classes offered by brick-and-mortar establishments because these establishments offer an interactive, community-oriented fitness experience. Local competition relative to this specific studio is low. As the population continues to focus on healthy lifestyles, according to IBIS World, a world leader in industry research, the industry is expected to grow at an annualized rate of 3.1% while employees in this industry are expected to rise 4.9%. Pilates and Yoga Studios are a $12.8 billion industry. -Re-allocation of open space studio to equipment spaces (12 stations) -Maximizing schedule to allow for more group classes -Expand space with available empty area adjacent to studio -Add educational components such as professional workshops and teacher trainings -Online classes -Pilates with sport-specific programming (i.e., Pilates for Golfer, Horseback Rider, etc.) - Lots of Golf in NJ! -Enhanced marketing and focus on the elderly -More men's classes -Increased advertising and marketing

Reason for Selling:

Focus on specialized aspects of Pilates training

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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