Business Overview:
The presented opportunity is for the acquisition a franchised barre fitness facility in the South Bay area of San Francisco's Silicon Valley.
Although the fitness industry was hit very hard during the pandemic lockdown in 2020, this COVID-resilient business immediately recovered in 2021 from the dip it had experienced. The current owner transitioned to teaching classes online and evolved the business to now accommodate clients both at the facility and at home. Business has returned to on-site classes and continues to provide options to accommodate a broader range of client schedules, living situations and economic or natural disaster requirements through their online option.
The franchisor offers support & Training.
Year Established: Current seller since 2015, originally opened 2012 Franchise founded 2001
Services: In person or Livestream barre classes with 4 focused modalities to choose from. 150 members on auto pay
Employees: 9 instructors, 2 sales reps
Fixtures & Equipment: Greeting desk, computer, sound and PA system, free weights, resistance bands, guest lockers, fully built out space, corporate refresh was done in 2019
Product breakdown: 89% classes, 5% other income 6% Retail
Clients: professionals from Tech and University in 30 to 45 age group
Lease: NNN $4172 per month for 1350 sf, Landlord flexible to negotiate new lease
Franchisor: PB Franchising LLC, $15,000 transfer fee receives 10 years, current FA ends 12/2028 Buyer
Requirements: $500,000 Net Worth and $100,000 Liquid Capitol (3-months seasoned) FDD and brand application must be completed first prior to purchase agreement
Training: 3 days of mandatory training currently done remotely Required
Fees: $150/ month technology fee, Business Management fee $199/month, Music Licensing fee
$129/month, Royalty 7% of Gross Sales, Brand Development fee 2% of Gross Sales
Ideal Candidate: You do not have to be an existing trainer to become a franchise owner, but it helps.
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Reason for Selling:
Seller focusing on education
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
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