NEW YORK, New York
| Asking Price |
$550,000 |
Year Established |
2020 |
|
| Annual Revenue |
$501,399 |
Reason for Selling |
Focus on other business and stay in industry as non-owner |
|
| Annual P/L |
$0 |
Attention |
George Kanakis |
|
| Annual Cash Flow |
$166,075 |
Listing Number |
1011642 |
|
| # of Employees |
12 |
Business Category |
Recreation: Gyms, Health & Fitness, Sports |
|
Business Overview:
\This offering is for two premier, private session Pilates studios located in New York City’s most affluent professional corridors. The private one-on-one service offerings are centered on a proprietary Pilates methodology that has fostered exceptional brand loyalty and a reputation for discretion among New York City’s elite. The curriculum synthesizes individualized programs to serve a curated, high-net-worth demographic, including busy executives, competitive athletes, pre- and post-natal clients, and clients needing a specialized curriculum. Operations are supported by a dedicated team of over ten expert instructors, all full-time career professionals with advanced certifications facilitating a high standard of care that justifies premium pricing. Unlike conventional studios, the two studios provide a sanctuary experience, featuring light-filled, private suites within premium office buildings, ensuring zero distractions and total client anonymity.
Business Highlights
- Established Presence: Operating successfully for over 5 years, the business has earned a stellar reputation for professionalism, reliability, and quality, as evidenced by strong client reviews on major online platforms and word-of-mouth referrals.
- Recurring Revenue: Revenue derived from pre-paid session packages.
- Revenue Growth: 31% revenue growth year-over-year led by sticky client base and service offerings.
- Skilled Team: Tenured instructor team and office staff ensuring consistent service quality, client satisfaction, and operational stability.
- Clients: High concentration of loyal clients are active.
- Strong Market Position: Serving super-affluent and high net-worth clients with high demand for premium private Pilates and personal training, the business benefits from a steady stream of clients seeking to enhance their wellness and functionality.
- Operational Systems: Well-established systems, strong search engine optimization (SEO), social presence and organized concierge backend.
Growth Opportunities
This business offers a turnkey, scalable asset with unparalleled retention metrics and is well-positioned to capitalize on several expansion opportunities, including:
- Increasing evening hours and number of instructors.
- Introducing digital and hybrid revenue stream of online classes, on-demand videos, and hybrid memberships beyond physical footprint.
- Obtaining B2B corporate wellness contracts.
- Expanding to new locations.
- Creating partnership programs with other wellness businesses.
- Adding complementary services and referral programs with other therapy programs.
Why Invest?
This business offers a rare combination of a strong brand, loyal client base, and significant growth potential in a high-demand market. With a blend of recurring revenue, solid operational foundation, and a clear path for expansion, a new owner can build on existing success by implementing strategic initiatives.
The business is well suited for:
- Strategic Acquirers with a stable platform seeking a clear path to add-on acquisitions.
- Lifestyle Investor pursuing geographic or service-line expansion in New York City.
- Individual Investors interested in a turnkey operation producing steady, predictable returns.
Property Features and Assets:
<p>Two private studio locations in high trafficked New York City corridor.<br>Location 1 - approximately 300 sq ft Location 2 - approximately 900 sq ft.<br>Location 1 - $1,600 per month, Location 2- $3,347.50<br>Both are modified gross leases with share of property taxes and maintenance. Leases expire August 2027.<br>Detailed Assets in Confidential Business Review<br><br></p>
Market Competition and Expansion:
<p>Market Competition Detailed in Confidential Business Review</p><p><br></p><p>Growth Opportunities </p><p>This business offers a turnkey, scalable asset with unparalleled retention metrics and is well-positioned to capitalize on several expansion opportunities, including:</p><ul><li>Increasing evening hours and number of instructors.</li><li>Introducing digital and hybrid revenue stream of online classes, on-demand videos, and hybrid memberships beyond physical footprint.</li><li>Obtaining B2B corporate wellness contracts.</li><li>Expanding to new locations.</li><li>Creating partnership programs with other wellness businesses.</li><li>Adding complementary services and referral programs with other therapy programs.</li></ul><p> </p><p>Why Invest?</p><p>This business offers a rare combination of a strong brand, loyal client base, and significant growth potential in a high-demand market. With a blend of recurring revenue, solid operational foundation, and a clear path for expansion, a new owner can build on existing success by implementing strategic initiatives. </p><p> </p><p>The business is well suited for:</p><ul><li>Strategic Acquirers with a stable platform seeking a clear path to add-on acquisitions.</li><li>Lifestyle Investor pursuing geographic or service-line expansion in New York City.</li><li>Individual Investors interested in a turnkey operation producing steady, predictable returns.</li></ul>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity