Profitable Fitness Studio in the Healthiest city in Texas

Austin, TX (Travis County)

Seller Financing Available
Profitable Fitness Studio in the Healthiest city in Texas

Asking Price:$89,000

Cash Flow:$5,000

Gross Revenue:$100,000

EBITDA:N/A

FF&E:$61,000

Inventory:$1,000

Rate/Sq. Ft.:N/A

Established:2014

Profitable Fitness Studio in the Healthiest city in Texas

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Business Description

Profitable Fitness Studio in Austin Texas

A local fitness studio that brings professional health and fitness services to local residents of Austin. Austin is ranked number 1 for the fittest cities in Texas, according to, (austin.culturemap.com). Providing health and fitness services that include consultations, body evaluations, dieting, group fitness classes, one-on-one trainer sessions, special need training, sports specific training, yoga, boxing, kickboxing, strength training, high interval training, smoothie bar, and meal replacement shakes.

The typical client profile is someone with income higher than average that is looking for a fitter and healthier lifestyle.

The practice was founded in Austin, Texas in 2014 and primarily serves the Austin metro area. It also has a growing presence in the nearby cities such as, Buda, Kyle, and San Marcos as is the only Fitness Studio within a 10-mile radius with a built-in smoothie bar.

The business entity for the practice was formed using a legal structure that enables independent Personal Trainers to participate in the health and fitness market by providing licensed professional help to perform all general health and fitness services to clients.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
N/A
Employees:
0
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
The economy is projected to grow at an average rate of 2.6% for 2015 (Kiplinger). Austin’s projected growth rate is 6.1% from 2011–2016 (Forbes). According to City-Data.com, more than 41,000 people were living in the 78748 in 2014 while there are currently fewer than ten fitness studios (excluding Crossfit's and coperat large gyms) in the same zip code.
Growth & Expansion:
Growth potential of the studio is significant. Currently about 90% of sales come from word of mouth clients and our online branding, including Facebook that pulls a lot of clients looking from organic feeds and Google that displays 5-star reviews. A motivated owner can rapidly double sales within 1 year, just replicating the current operations plus adding some marketing efforts.
Support & Training:
There are a few nuances that must be mastered to operate a Fitness Studio business successfully. The current owner understands these nuances and is offering one-month dedicated training to assure that the buyer will also receive this knowledge at a rate to be determined and discussed by the owners and the seller
Reason for Selling:
Other Business Interest

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Business Listed By:
Emmanuel Hernandez

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