Burbank Fitness Studio w/New Equipment - Recurring Revenues!

Los Angeles, CA (Los Angeles County)

Burbank Fitness Studio w/New Equipment - Recurring Revenues!

Asking Price:$250,000

Cash Flow:$72,000

Gross Revenue:$126,609





*not included in asking price.

Burbank Fitness Studio w/New Equipment - Recurring Revenues!

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Business Description

This Burbank fitness studio boasts a unique indoor / outdoor group and personal training based fitness concept that is embraced by its loyal clientele. The business, which has been established for nearly 4 years, continues to grow based on its high customer retention rates coupled with its group buy conversion rates.

Detailed Information

Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
This 2,800 square foot fitness studio leases for $3,600 per month on a lease that expires in May 2017 with one 5 year option.
While competition in the fitness industry exists on all levels, this service oriented gym ensures a unique fitness experience that differentiates it from large big-box gyms such as 24 Hour or LA Fitness, luxury gyms such as Equinox, and large group cardio and strength training group classes such as Barry’s Boot Camp, providing it a level of protection from what may be considered typical competitors.
Growth & Expansion:
New operators may wish to take this opportunity in any number of directions, while building upon the facility’s 30 – 35 members who are on automatic monthly debit arrangements. The facility also has a number of private trainers that pay $500 - $600 per month, as well as clients on a 6 week weight loss challenge, or who purchased via Groupon (with a reported 6 of out 10 person retention rate!).
Support & Training:
4 Weeks at 20 hrs/wk
Reason for Selling:

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Vladimir Tuchinsky

Business Listed By:
Vladimir Tuchinsky

The Veld Group

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Sponsoring Broker:
Michael Wildeveld

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