Seller's Contact Information
- RE: SEMI-ABSENTEEE RUN POPULAR CONNECTICUT BASED INDOOR CYCLING FRANCHISE - SC2147
- Contact: Brett Sargent
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|Broker Reference #:
This Connecticut based Cycling Franchise is a Connecticut S Corporation and was founded approximately 1 year ago. This franchise is the largest indoor cycling brand and offers a variety of low-impact, high-intensity indoor cycling workouts that are inclusive of all fitness levels. They offer an immersive, multi-sensory, community-focused experience in their state-of-the-art facility. This location is brand new, so completely renovated. Sessions are led by specially trained instructors, enhanced by specialized playlists and tracked by rider-specific performance metrics. This franchise was Franchise 500 ranked 4 years running with more than 280 studios open across the globe. Instructors are educators, motivators and coaches. The owner currently only works about 20 hours per week in the business as they have a full-time job elsewhere.While there is competition in the marketplace, this franchise stands out due to its popularity and name recognition in the market. This business is new, so continuing marketing, social media expansion and just word of mouth will allow the business to grow. This business mainly operates through a membership model but does offer packages and single ride options as well.
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Property Features and Assets:
They currently operate out of 2,200 square feet and have rent of $3,600 per month and CAM charges monthly of $400. This is a 10-year lease that is assignable.
Market Competition and Expansion:
The Global Indoor /Cycling Market was estimated at $1.5 Billion in 2021 and is anticipated to reach around 2.8 Billion by 2030, growing at a CAGR of roughly 10% between 2022 and 2030.CA 02100708NV 1003039
Reason for Selling:
The reason the Seller is selling is to pursue other interests.
- The property is Leased.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
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