MergerPlace

Award-Winning Cycling Studio

Providence, Rhode Island (Providence)


  • Asking Price: $450,000
  • Gross Income: $629,038
  • Cash Flow: $187,027
  • Real Estate: Not Disclosed
  • Inventory: $6,000
  • FF&E: $256,189
  • Listing ID: #225253
  • Established: 2018
  • Employees: 1 FT | 17 PT

Business Description

This fitness franchise location offers state-of-the-art exercise options for cycling enthusiasts. Clients customize their cycling routines with experienced instructor-led indoor cycling classes which range from high-energy workouts, to competitive rides, to intense interval rides, all offered year round. Instructors offer encouragement, advice, and corrections to motivate each participant toward their individual goals. The prime retail location provides easy access for local clients and franchise members from around the country who visit the area.

This business is top-rated within the franchise and has won ‘best of’ awards at both the local and state levels. Focused on serving the niche fitness market of indoor cycling, the franchise offers strong marketing and owner support. This is a well-established business with a large roster of returning clients and limited competition in the region. The owners are moving out of the region but are willing to train a new buyer following the closing, in addition to ongoing training and support offered by the franchise.

This is an established business. This is neither a new franchise nor a start-up opportunity.

***Please look for an email with the subject "Morgan & Westfield –“Award-Winning Cycling Studio” after contacting us. You can access more information on this business after e-signing our Confidentiality Agreement. ***


Business Details

Primary Business Category: Services - Other Services
Location: Rhode Island
Metropolitan Area: Providence
County: Providence

Company Information

Year Established: 2018
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 1 FT | 17 PT

Financial Information

Asking Price: $450,000
Gross Revenue: $629,038
Cash Flow: $187,027
FF&E: $256,189
Inventory: $6,000
Seller Financing Available: Yes

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Business Listed By:

Arthur Williams

Morgan & Westfield