Profitable Fitness Studio in Prime Location (Non relocatable)

Bend, OR (Deschutes County)

Profitable Fitness Studio in Prime Location (Non relocatable)
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Asking Price: $289,000

Cash Flow: $56,399

Gross Revenue: $334,453


FF&E: $163,000

Inventory: N/A

Established: 2009

Profitable Fitness Studio in Prime Location (Non relocatable)

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Business Description

Profitable Fitness Studio in Prime Location (Non relocatable)

This is a thriving group fitness and personal training studio with top of the line equipment, highly skilled and professional staff, and a community feel that can’t be beat. Income is from memberships and personal training, with a total of approximately 450 visits per week. The Seller of this business trains his staff in his system for creating safe and dynamic workouts that keep members coming back, and is ready to train a buyer in the secrets to his successful system so this business can be taken the next level of success.

NDA required for first round due diligence package.

Detailed Information

Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Excellent downtown location, large space of nearly 7.000 sq.ft, that is very well equipped. Parking is plentiful.
Fitness is always competitive. A main competitor recently closed, opening opportunities for this studio to pick up clients. Overall, this studio stacks up very well in comparison to its direct competitors thanks to its high level of service at moderate pricing. Variety is key, which this studio brilliantly offers.
Growth & Expansion:
The City of Bend is currently enjoying a growth spurt, with an average of 9 people moving to the community each day. In addition, the full potential of this studio is not yet tapped into as its hours are underutilized. Certain existing community relationships can be leveraged to increase referrals. Events and online marketing are recommended as well.
Support & Training:
As needed up to 6 months.
Reason for Selling:
Retirement – moving to California.
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Karen Rennick, MBA

Business Listed By:
Karen Rennick, MBA

ProNova Partners

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