Workout Studio - Cardio, Flexibility, & Strength

Business Overview:

This studio is an upscale fitness center located in a prime suburban location. This studio is surrounded by numerous corporate office buildings in the heart of the City Centre. Classes are added weekly as employees return to the office post covid. The studio offers various memberships that are designed to cater to the different needs and preferences of its clients. The studio prides itself on its dynamic and energetic staff, who are highly qualified and dedicated to helping their clients achieve their fitness goals. The studio features state-of-the-art equipment and facilities, including a spacious workout area, a well-equipped strength training section, and a dedicated studio for group fitness classes. The ambiance of the studio is modern and stylish, with a sleek and minimalist design that is both inviting and motivating. Overall, this studio is an excellent opportunity for fitness enthusiasts who are looking for an upscale and modern fitness center with a highly motivated staff and state-of-the-art facilities. This studio is a one-of-a-kind offering – cardio, strength, and flexibility workout in a 60-minute period. Each class has a maximum capacity of 24 students. All employees are w-2 employees.

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Property Features and Assets:

Monthly Rent: $8,481.00 Square Units (Foot, Meter): 4,523 Lease Expiration Date: October 6, 2028, 12:00:00 AM Facilities:This Business is in a very high traffic area with access to 52 parking spots reserved for fitness clientele. The Leasehold improvements valued at 371K make this facility a state-of-the-art operation.

Market Competition and Expansion:

Competition: o Only Fitness studio to offer cardio, strength, and flexibility in a 60-minute period (20/20/20) o The Studio Manager is part owner, she creates a family environment for employees and customers o Family atmosphere results in low employee turnover and low customer attrition o State of the Art Facility Design o First Franchise location in the State of Texas o Location, Location, Location o 371K of Leasehold Investments o 223,802 of F.F.E o Studio members have reserved parking in a highly contested parking area o Established Clientele o Location opened in 2018 – profitable after 14 months prior to Covid o re-occurring monthly membership revenue Growth: o Improved marketing will be the key driver to improving revenue/SDE. Since Facebook and Instagram are no longer as effective as they were prior to the Apple iPhone change, the industry is starting from scratch. o The other key factor will be when Employers in the area begin bringing their employees back into the office post-Covid on a part-time/full-time basis. The evening class sizes have struggled to return to pre-covid numbers. The morning traffic continues to recover substantially.

Reason for Selling:

Simplify Life and decrease workload

Additional Details:

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