Profitable Barre Studio in Suburban Northeast

Location: Northeast

Country: United States

Description:

This boutique fitness studio is located in an upscale downtown area. The studio offers 60-minute group fitness classes for primarily female clientele of all fitness levels and ages. The workout incorporates cardio and stretching to lift and tone the entire body. The business operates in a beautifully renovated 2,500 square foot space on a main street with ample parking. The space was built to accommodate a small boutique retail operation as well. The business employs 3 to 5 part-time instructors and classes are offered multiple times each day.

Asking Price: $175,000

Annual Sales: $200,000

Cash Flow: $73,282 annually

Business Location: Great location, Downtown Community, Suburban area

Business State: New Jersey

Active Members: Average 190 unique visitors per month

Average Dues: $25/class

$185/month for unlimited classes

$125/month for 8 classes/month

Facility Sq Feet: 2,500

Year Established: 2016

Employees: 5 employees including part-time instructors

Seller Financing: Negotiable

Competition: Competition is other boutique fitness studios, with closest barre-specific studio 5+ miles away; large multi-purpose gyms

Expansion: Studio is only 3 years old and has continued to grow year over year.

Support Training: Current owner will assist with transition

Reason For Selling: Owner Relocating

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