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Popular Fitness Studio on Maui

Lahaina, HI (Maui County)

Seller Financing Available
Studio Downstairs
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Asking Price: $375,000

Cash Flow: N/A

Gross Revenue: $330,119

EBITDA: N/A

FF&E: $151,599

Inventory: $20,745

Rent: $2,500 /Month

Established: 2006

Popular Fitness Studio on Maui

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Business Description

Live the Dream on Maui!

This award-winning studio is one of the top fitness facilities on the island. In business for nearly 14 years, it offers 60+ classes a week and 30+ personal training sessions a week by 20-30 instructors in four available classroom spaces. This boutique studio has a lobby area and retail corner, restroom, small back room for instructors/gear, large dance space, smaller upstairs dance area, dedicated personal training room, and upstairs Pilates training center featuring 5 convertible reformers/towers, Pilates Cadillac, 6 Pilates chairs, and more.

This is the most versatile facility on the island offering: Pilates, Yoga, Barre, Aerial Yoga, Aerial Silks, Pole Dance Fitness, TRX, Bootcamps, Sculpting, Balance Board Yoga, Stand-Up Paddle (SUP) Yoga, SUP Pilates, Rehabilitation, Lyra, Dance Trapeze, Burlesque, Bungee Fitness, Ballet, Hip Hop, Kid's Dance, Self Defense, Gymnastics, Social Dance, and more! Long track record of growth and profitability. The seller will provide training and transition support.

Detailed Information

Location:
Lahaina, HI
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The studio was recently renovated with new wood and tile floors, paint, fans, window decals, front desk area, solar, and new air conditioning. All of the equipment has been recently updated, with most being less than 5 years old, including all new Pilates equipment, new yoga mats and gear (such as straps, bolsters, blocks, eye pillow), new Aerial Silks and hammocks, Bungee systems, InBody Body Composition Analysis Machine, and more. A full list of assets is available upon request.
Competition:
There is a normal amount of competition. There has been an increase in the number of fitness options--CrossFit, Spinning, traditional gyms, etc--particularly over the last 5-8 years, but the studio has been able to continue its success and even increase business. There is almost no competition with regards to Pole Dance Fitness and Aerial Arts. We are the only Pilates studio on the west side of the island. The studio is in excellent and friendly standing with the nearby fitness facilities and introductions would be a part of the transition.
Growth & Expansion:
There is definitely a possibility for expansion both within the existing facility and/or the other side of the island. The current class schedule has room for an increase in class offerings, as well as the increase of destination retreats and outside events, run through the facility.
Support & Training:
The seller will provide training and transition support over a negotiable amount of in-person days with an extended transition period over the phone.
Business Website:
http://bodybalancemaui.com/
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Business Listed By:
Amanda Furgiuele

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