Must Sell! Gorgeous Pilates Studio, Semi absentee

Not Disclosed, TX
Harris County


Asking Price: Annual Revenue:
$280,000 $206,000

Recreation: Gyms, Health & Fitness, Sports


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RE: Must Sell! Gorgeous Pilates Studio, Semi absentee Broker: Bobbi Coffey
Owner Financing is Available!
130000.00

Quick Facts

Asking Price: $280,000
Annual Revenue: $206,000
Net Profit: Not Disclosed
Cash Flow: $122,780
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 2016
Employees: 4
BBN Listing #: 893344107
Broker Reference #: 76931-414817

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Business Overview:

SELLER RELOCATING OVERSEAS! WON'T LAST LONG! Located in Humble, this studio offers multiple stations in a calming atmosphere utilizing the full line of Balance Buddy equipment. Currently in it's third year, membership is steady. Owner currently teaches minimal classes with the assistance of 4 additional PT employees, and could easily be absentee operated as well as owner operated. Great earnings, excellent books and records; Pending SBA pre-approval. 2018 Pending tax returns.

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Property Features and Assets:

Very nicely built out, business includes $40k spend in built out. Rent amount is gross. Expansion opportunity in same cernter if new owner desires.

Market Competition and Expansion:

Has very stable membership, but has mostly been word of mouth since original advertising. More class times, expansion into available space next door to current location and focus on more individual training could being even more membership to this successful studio.

Reason for Selling:

Moving

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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