MergerPlace

Boutique Fitness Studio

Connecticut (New Haven)


  • Asking Price: $340,000
  • Gross Income: $640,504
  • Cash Flow: $143,977
  • Real Estate: Not Disclosed
  • Inventory: $9,548
  • FF&E: $6,585
  • Listing ID: #211062
  • Established: 2013
  • Employees: 1 FT / 20 PT

Business Description

The sale includes two locations! Boutique Fitness Studio with recurring revenues and with a community of 2,500 active members.
Dedicated to providing a confidence boosting, judgment free, no nonsense environment for a safe and effective work out. The business offers cycling and a range of fitness experiences from Yoga, Barre, Kickboxing, Strength Training and more.

Popular business with recurring revenue. Must see to appreciate.


Business Details

Primary Business Category: Retail Trade - Health & Personal Care
Location: Connecticut
County: New Haven

Company Information

Year Established: 2013
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 FT / 20 PT

Financial Information

Asking Price: $340,000
Gross Revenue: $640,504
Cash Flow: $143,977
FF&E: $6,585
Inventory: $9,548
Seller Financing Available: No

Property Information

Facilities:

Location 1 - 3,000 sf of space in free standing building Triple Net Lease is $4,300 rent per month Triple Net Lease expiring 5/1/26 Rent increases 3% per year. Location 2 - 2,000 sf in a commercial building Triple Net Lease - Base Rent $3,000 increasing by 3% per year. Lease ends 12/31/19 with one 5 year renewal option.

Growth & expansion opportunities:

Add classes or open more locations!

Competition:

There are several competitors in the area. The business has a very dedicated following.

Reason for selling:

The owner is relocating out of the state.

Support & Training:

Will train for 2 weeks @ $0 cost. Developing body and mind! Spin, Yoga, Barre, Kickboxing, Strength Training and more.

Contact Business Seller

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Business Listed By:

Ed O'Deven

Murphy Business Brokers