Boutique Fitness Studio

La Verne, CA (Los Angeles County)

lobby with retail
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Asking Price: $75,000

Cash Flow: N/A

Gross Revenue: $160,000

EBITDA: N/A

FF&E: $36,000

Inventory: $2,800

Rent: $2,200 /Month

Established: 2013

Boutique Fitness Studio

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Business Description

Barre, TRX, Circuit Pilates, etc

$75,000 obo for Gorgeous turnkey operation with a dedicated staff established in 2013 with loyal customer base since inception as well as constant flow of new clients each month. You will own a seasoned studio for less than the capital required to build a new one. This business is a lifestyle brand that helps people reach their personal fitness goals with a community of encouraging and inspiring clients and staff. Mindbody, Facebook, Instagram, website, branding and reputation are well established. We offer Barre, Circuit Pilates, TRX, PiYo and barre fusion classes as well as occasional yoga.. Entire buildout, equipment, and technology is already installed.

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Detailed Information

Location:
La Verne, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,000
Lease Expiration:
2/28/2019
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1,000 SF suite with lobby reception, front desk, seating, storage and retail. Main studio includes flooring, mirrors, ballet barres, TRX mounts and straps, props include hand weights, gliders,yoga blocks&straps, stretch bands, balls. Bathroom and supply room/office are located within the space. Located in a main shopping center with ample free parking.
Competition:
Competition in the fitness industry exists on all levels but boutique specialty studios offer a unique experience that differentiate us from large big box gyms, luxury gyms and bootcamps with personal attention to each client in a spa-like atmosphere. New owner has option to grow business in any direction while building upon existing members with automatic monthly auto-pay plans. The addition of cardio&strength training classes has helped to increase clientele. One year ago, a Bootcamp opened in our our center with no impact on clients or sales.
Growth & Expansion:
New owner can add classes to studio schedule which currently has morning and evening classes with no class Sat or Sun afternoon evening. Workshops can also be added as well as retail line of apparel for more revenue streams.
Financing:
New Owner can negotiate new rent/lease. March will be month-month until sold
Support & Training:
Current Owner is willing to train new owner and help in transition for up to 3 months in addition to working desk several shifts each week. Existing client base and monthly autopays transfer easily to the new owner with Mindbody Software. Mindbody also provides phone support for all needs, including setup and reports.
Reason for Selling:
split time between aging parents in another state and local family
Business Website:
http://barre-element.com
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Business Listed By:
Michelle Roberts

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