Cool Spin Studio In Downtown Dallas

Dallas, TX (Dallas County)
Asking Price:$325,000
Cash Flow:N/A
Gross Revenue:$402,867
EBITDA:N/A
FF&E:$200,000
Inventory:$136,000*
Rent:$8,839 per Month

Established:2018
*not included in asking price.

Business Description
Do you want to be in the fitness business? Spin cycling studios are extremely popular due to their high energy workouts, cult-like following and great results achieved by the members.
This franchised, boutique spin cycle studio with nightclub-like music and lighting system is available for acquisition. All the hard work has been done. All of you have to do is build the membership and enjoy the profits.

Currently the business is in the red, but has over 220 members generating $18k per month in recurring revenue.
Assets include $200k in build out and $136k in furniture and equipment.
Total start-up costs were over $400k.
2020 revenue was $350k (with Covid)
2021 projected revenue is 403k
Full-Time Manager is in place.
Absentee owners cannot provide the attention it needs to grow the business.

Detailed Information
Location:Dallas, TX
Inventory:Not included in asking price
Real Estate:LeasedBuilding SF:1,903
Lease Expiration:5/1/2025
Employees:1
Furniture, Fixtures, & Equipment (FF&E):Included in asking price
Facilities:An epic full-body and full-mind experience that BURNS maximum calories, STRENGTHENS the core and upper body, allows you to TRACK your performance over time for a true quantitative measurement of progress, and INSPIRES you to reach new heights personally, professionally and spiritually. Stadium-style studio features the most comfortable bikes in the world, nightclub-rivaling sound and lighting, unparalleled ambiance, complimentary workout and chilled eucalyptus towels and the world’s premier cycling instructors, all committed to transforming your body and your life, one ride at a time.
Competition:There are three other studios in the area.Growth & Expansion:You can easily open more territories.
Support & Training:Yes, Support & Training provided by the Franchisor and Owners.
Reason for Selling:This was a side investment for the Owners and they don’t have time to grow it.