Free parking in the garage of the same building and no need for validation > All-New high-tech bikes are in, clean studio and fun-engaging-motivating instructors > In addition,the seller is seeking business partners to invest in this business concept to acquire 51% of the shares and grow together." /> Free parking in the garage of the same building and no need for validation > All-New high-tech bikes are in, clean studio and fun-engaging-motivating instructors > In addition,the seller is seeking business partners to invest in this business concept to acquire 51% of the shares and grow together." />

Indoor Cycling Studio; Rev $534K, Seek Buyer/Investor to Buy $240K, LA

Los Angeles, CA (Los Angeles County)

Fitness Studio on 3rd St. Los Angeles
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Asking Price: $240,000

Cash Flow: $108,000

Gross Revenue: $533,764

EBITDA: N/A

FF&E: N/A

Inventory: $10,000*

Rent: $12,500 /Month

Established: 2013

*not included in asking price.

Indoor Cycling Studio; Rev $534K, Seek Buyer/Investor to Buy $240K, LA

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Business Description

> A fitness studio/cycle class which is the boutique fitness studio, is a subsector in the fitness industry has seen tremendous growth over the past couple of years.
> The studio offers the most exciting, energetic and challenging indoor cycling experience that has become popular in recent years
> A new fitness business concept that develops the cardiovascular stamina of human beings through high intensity classes by spinning the stationary bike in the room while enjoying music from the playlists set by the instructor, while lighting in the room
> "It's almost like a new renaissance in fitness where people don't want to go to these big gyms"
> Free parking in the garage of the same building and no need for validation
> All-New high-tech bikes are in, clean studio and fun-engaging-motivating instructors
> In addition,the seller is seeking business partners to invest in this business concept to acquire 51% of the shares and grow together. Sellers are expanding their sales territories or seeking franchises nationwide whether sell or not. The seller is from former Italian swimmer: He will gladly give a free consultation to investors
• Monthly gross sales are $44,447 in 2017 tax returns
• Monthly net income is $9,000
• Rent is $12,500/mo
• Lease remains 6 yrs. Buyer can apply a new lease for more years and options
• Studoi size is approx. 2,900 sq. ft
• Current employee ars 3 part time, paying $5,500/mo
• Fill out and sign online NDA attached if you are interested in address and/or finacials
• Contact Kevin Kim at beerealty.kim@gmail.com for more information
There are 6-7 part-time instructors working for minimum wage + commission
There are two calsses: 6:30 am - 10:30 am, Mon-Fri and 7:45 am - 1:00 pm on Sat & Sun
> Lifestyle blog, The Collection featured AuraCycle in their recent post “Spin It To Win It,” highlighting the best indoor cycling studios across Los Angeles to achieve the ultimate summer body. And who doesn't want that?
> LA Times Article: Your Top Guide to LA’s Indoor Cycling Scene
" Great article in this weekend's LA Times about LA's indoor cycling scene! LA Times journalist Vincent Boucher reviewed the hottest indoor cycling studios in Los Angeles, by dropping in and pedaling down on an AuraCycle class led by our lead fitness instructor, Trent David. How does Aura stack up against the others in the top 5?"

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,900
Lease Expiration:
3/31/2025
Employees:
3+
Facilities:
Newly introduced cycles (30 cars) Cycling studio with amplifier system, millor, and instructing equipment, locker room, shower room, bathroom, toilet, free parking
Competition:
None
Growth & Expansion:
Open more classes during day time Creating and selling more OEM products such as fitness clothings, shoes, headsets, beverages, carriers, gloves, hats and more for clients and publics via market
Financing:
N/A
Support & Training:
2 weeks after closing escrow
Reason for Selling:
Moving back to Europe
Business Website:
http://www.auraworkwout.com
Contact Seller

Contact the Seller

(from currently available funds)
 
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Kevin Kim

Business Listed By:
Yong (Kevin) Kim

Bee Realty Group

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