$500k Sales - Trendy & Profitable Fitness Studio Sale Brooklyn

Brooklyn, NY (Kings County)

Seller Financing Available
Beautiful hardwood floors & machines
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Asking Price: $175,000

Cash Flow: $105,000

Gross Revenue: $510,000

EBITDA: $105,000

FF&E: $200,000

Inventory: $3,000

Rent: $5,852 /Month

Established: 2014

$500k Sales - Trendy & Profitable Fitness Studio Sale Brooklyn

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Business Description

$105k cash flow, turnkey, trained sales team, 5-12 new leads/day!

What you get:
• Full turn key women's fitness studio
• 2017 saw more than $500,000 in gross sales!
• $105,000 in cash flow.
• Fully integrated class management, billing, texting software and marketing software.

Strong customer base:
• We have over 375 members who either sign up for the unlimited classes or personal training or both.

What's unique about it:
• Unique concept that is women’s focused and creates a lot of engagement. Offers a variety of classes so it appeals to many different type of fitness interests (weights, cardio, yoga).
• Comes with a license to use the logo and branding without any ongoing franchise fees.
• The business comes with access to a full year of matching marketing materials that push sales and make the gym unique. This includes:
> Fitness challenges
> These materials comes with a full how to guide, a meal plan, recipes, pricing sheets, packages, posters, landing pages, testimonials and more
> Sales Campaigns for things like end of summer sale - completely done for you comes with beautiful matching graphics posters, flyers, that always create a jump in sales.
• Tons of daily Leads
> Through our marketing efforts we receive 5-12 new leads per day!

• Systems, systems, systems!
> We have a system for every part of the sales cycle. From getting leads outside, to getting leads over the phone, showing the gym, pitching the rates and making the sale. This makes training and closing sales effective.
> We even have calling scripts and call lists generated from our system every week to get more prospects to talk to.

• Sales Team
> Fully trained sales staff that knows how to sell personal training or memberships.
> 2 Strong managers who have been there for a while who are committed to the business and growing it more.
• Strong reviews and social media presence
> Our yelp, google and facebook page is continuously updated and has amazing reviews.
• Great Reputation
> Many clients come in from a referral saying how their friend loved it or lost a lot of weight.

Good for:
This can be a turnkey business for you because of the managers in place, or perfect if you are a nutritionist or personal trainer wanting your own place to train clients. Inspire other clients to achieve their best life possible.

Bonus Profit:
Our unique weight loss programs can also be sold as is as digital products. This is pure profit for you.

We can also include 1 year access to our video classes app for the clients to make signing up more compelling.

Please contact me for more pictures and detailed financials.

Detailed Information

Location:
Brooklyn, NY
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,800
Lease Expiration:
N/A
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Equipment & Build out It Comes With: Beautiful gym space! You have to see it to understand how gorgeous it is. Clients constantly tell us how it feels like a second home and not a gym. All hard wood flooring, tons of bright light, high end equipment, bikes, free weights, smith machine, cardio equipment, stereo system, managers office, masseuses' private room, trainers office, full tiled showers and a private sauna. The build out of the gym is top notch and would cost $200,000 alone to build the bathrooms, sauna, hard wood flooring, & dance studio.
Competition:
• Market > We are the high end boutique gym for women in the area, however are prices are still competitive with other mass market gyms so it's a great value proposition! ? We are centrally located near a major subway station, and many buses. There is a parking lot across the street and street parking is also available. We are located right off of the highway so it's easy to get to.
Growth & Expansion:
• Profit opportunities: > There is space to add a small fridge and sell meals from places like kettle bell kitchen. > We currently are not offering early morning classes before 8 AM, and adding this could really grab another segment of the market. > We have a lot of equipment for kids classes (gymnastics and dance) and have had a lot of interest for different type of youth programs. We also have a martial arts instructor and a lot of interest for teenage martial arts classes. > Also great opportunity to push nutrition coaching.
Support & Training:
• Training > Sale includes training to learn all the systems ? How to sell effectively ? How to manage the schedule and facility ? How to manage the admin side of the business including payroll, bookkeeping
Reason for Selling:
Want to focus on expanding the brand to other locations.
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Business Listed By:
Loriz

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