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Asking Price$55,000
Revenue$113,192 Established2012
Cash Flow$26,726 Employees14 part-time
FF&E$96,265* FranchiseNo
Inventory$3,600* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Group exercise studio in high income area with median income over $100,000. This award winning fitness business has classes from very early in the morning to after work hours, with schedules and routines perfectly matched to their target audience. A sophisticated booking system, with web and mobile apps, and a strict client etiquette code keep classes intense, focused, and demanding for clientele and full for the owner. In order to fill downtime, personal instruction is also offered between group sessions. With smaller, more focused group sessions, this company established a difficult to achieve 80% retention rate after an initial 40% sales increase in 2013-2014. Featured in six publications and a national television show, this business is situated in an area with over 26,000 drivers passing by daily, with a median income of over $100,000, and it even has an extra bay next door to accommodate expansion opportunities. Fully equipped with 21 spin bikes, 5 truss sections of TRX, and a fully functioning sound system, this is a turnkey fitness opportunity ready for expansion.

The bank loan would be 100% collateralized.

Next Steps:
For a detailed financial package, please contact Cortney Sells or one of The Firm Business Brokerage’s professionals at 402.998.5288 or email Confidential@TheFirmB2B.com.

Other Information
Reason for Selling: Divestment
Personnel: 14 Licensed and Certified Instructors
Hours: 1/2 hour before and after each class
History: 2012
Lease: 2,449 per month
Support to Buyer: 90 Days Seller Training Period
Additional Information:

Funding Example

Purchase Price: $55,000
15% Buyer Down Payment: $13,750
15% Seller Financing: $13,750
50% Bank Loan: $27,500

Bank Loan 100% Collateralized

SALES GROWTH: Up 40% from 2013-2014

Year Established: 2012

Location and Service Area: Southwest Omaha

Demographics: 26,000 drivers pass nearby intersection, median income over $100,000 in neighborhoods

Enrollment: 158 37% are in the highest margin unlimited monthly membership category

Lease: $2,449 per Month

Reason for Selling: Divestment

Seller Training Period: 90 Days

Growth Opportunities: Bay is open directly next door which could be developed into a personal training center or added weights for circuits. There is also enough space for a locker room and/or showers

Current Owner’s Responsibilities: Training and maintaining financials
Facilities:Lease: 2,449 per month
Growth Potential:Bay is open directly next door which could be developed into a personal training center or added weights for circuits. There is also enough space for a locker room and/or showers
Training/Support:Seller Training Period: 90 Days
Seller Financing:15% Seller Financing: $13,750
Sale Reason:Divestment
Ad #80273
Seller Reference #FIT016
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Contact This Seller
Cortney Sells
The Firm Business Brokerage
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