* 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.
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.
Reason for Selling: Divestment
Personnel: 14 Licensed and Certified Instructors
Hours: 1/2 hour before and after each class
Lease: 2,449 per month
Support to Buyer: 90 Days Seller Training Period
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|
Seller Reference #FIT016
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