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Listed by:

Beacon

Established Indoor Cycle And Fitness Studio For Sale

Baltimore, Maryland, US
Asking Price:
$400,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$486,121
Cash Flow:
$87,500

The business opened its doors to its first studio in January 2014. The studio was the first of its kind in Baltimore, as boutique fitness was a brand-new concept to Baltimoreans. The growing popularity and importance of health & wellness combined with the business' location in a young and fast-growing neighborhood present an opportunity for these businesses to capitalize on a significant market share. The business operates in a well-to-do neighborhood where it has strong customer loyalty as a result of the current owner's investments into the studio and into the high-quality team of instructors who teach classes at the studio.

The second studio was opened in February of 2017, located less than 5 miles away from the original location. The new studio was strategically located in the fastest-growing neighborhood in the city. Unfortunately, due to the pandemic, the owner downsized the operation from two studios to one, opting to keep the second location. Expanding back to two locations remains a great opportunity for a new owner interested in expansion.

Property Information

Real Estate:

Lease

Lease Terms:

The lease is set to expire in June of 2027.

Leasehold Rent:

$9,467 per annum

Location:

Located in Downtown Baltimore

Premises Details:

The studio is located in a historic waterfront neighborhood and is one of the fastest growing areas in Maryland. The area is known for its dense, affluent, and growing population. The store location is surrounded by high-volume retailers, apartment complexes, and office buildings, all within a 1-mile radius of the studio. Free parking lots are similarly located in front of the studio, allowing customers to access the store free of charge. The proximity to a major city and its location along I-95 provides for steady customer acquisition.

Business Operation

Expansion Potential:

As health & wellness trends continue to escalate, the business will be presented with the opportunity to acquire new enthusiastic customers. Following the pandemic, an increasing number of individuals are going to gyms to provide balance to their hectic lifestyles.

Competition / Market:

The studio competes in the health & wellness industry, which consists of other cycling studios and fitness centers, gyms, and athletic clubs in the Baltimore City area. Its unique approach to physical activity sets the business apart from its competition. The business focuses on cycling and other strength training techniques to provide an alternative to traditional cardio and weight training. The business offers a service and experience that is not matched by any of its competitors resulting in recurring revenue.

Reasons for selling:

After successfully founding and growing the business, the owner is looking to spend his downtime traveling, while focusing on his full-time corporate job and brainstorming his next venture.

Employees:
1 FT 24 PT
Years established:
2014

Other Information

Support & training:

The owner is willing to stay on for up to a year to help introduce the buyer to key clientele, employees, and the inner workings of the cycling business.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

The seller is willing to finance a portion of the transaction price for a qualified buyer.

Website:
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