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Pilates Fitness Center - Southern NH

Rockingham County, NH

Seller Financing Available
Pilates Fitness Center - Southern NH
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Asking Price: $120,000

Cash Flow: $75,534

Gross Revenue: $103,395

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $988 /Month

Established: 2015

Pilates Fitness Center - Southern NH

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Business Description

This business is a Pilates exercise center which opened in March 2015 by the current owner. Only 25 hours per week. For the past four years, the business has experience steady sales and earnings growth. Yet there is tremendous growth opportunity since there is room to add many more classes to the approximately 25 classes per week. Each class is about 50 minutes long. Most of the classes are led by sub-contractors. The Seller’s Discretionary Earnings includes the savings that a new owner would realize by eliminating the subcontractor expense (39,617) if the new owner would work at least 30 hours per week. Great location, easy for members to visit. Rent is less than $1,000 per month, keeps the fixed overhead expenses low. The business receives 90-95% of its monthly revenues from recurring membership fees thereby ensuring a steady, dependable income stream. Membership tracking and class scheduling is done through a popular, web-based software that is widely used in the fitness industry. This makes it convenient for members and the sub-contract instructors. The software supplier provides ongoing support to the owner as needed. This is a well-established but growing fitness business with regular, loyal customers offered at a fair market price and transition support. For more information, please contact John Coto, Certified Business Intermediary at Alliance Business Brokers, LLC by email or call 603-880-8200. Attention Business Owners: We have buyers looking for businesses to buy and not enough listings! If you are considering a possible sale or would just like to learn more about the process, please call me for an initial, confidential discussion.

Detailed Information

Location:
Rockingham County, NH
Real Estate:
Leased
Building SF:
1,054
Lease Expiration:
N/A
Employees:
0
Facilities:
The business leases approximately 1054 sq. feet with off street parking. Current Term through March 5, 2021. It is believed that the Landlord will offer multi-year lease extension to a new owner.
Competition:
Popular Pilates center growing with minimal advertising and promotion.
Growth & Expansion:
May be achieved by (1) expanding the number of classes; (2) through increase advertising and promotion of the business.
Financing:
Seller will finance some of the selling price to a qualified buyer.
Support & Training:
Seller will provide 2 weeks of transition support included in the price immediately after closing.
Reason for Selling:
Retire
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John Coto

Business Listed By:
John Coto

Alliance Business Brokers, LLC

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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