Fitness Studio for Sale

Business Opportunity for Sale
Also listed as Retail-Commercial, Hospitality
Catylist Listing ID: 30663249
Property Subtypes: Health and Medical
Building Size (RSF): 1,500 SF
Sale Price: $33,000
Name of Establishment: barre.{d} studio
Business Website Address: https://www.barredstudio.com/
Year Business Established: 2015
Gross Revenue: $74,785 (Annual)
Cash Flow: $12,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Relocatable Business: Yes
Sale Terms: Owner financing available
Last Updated: 2/4/2021

Overview / Comments

Barred Studio is a well established downtown exercise studio.
barre.[d] is a fusion workout of pilates, yoga, physiotherapy, and dance. our method remains low-impact with a POP of HIIT training incorporated to increase the caloric burn and strengthen your muscles. Our classes are known to build lean strong muscles, tighten the core, and prevent injuries while cross-training.
Purchase includes all FF&E, customer lists, lease transfer and goodwill.

Sale includes:
childcare facility, studio equipment, weights, mats, lounge furniture, officefurniture and equipment, studio barres, studio mirrors, sound system.

Additional Details

Nearest MSA: Charlottesville
County: Albemarle
Industry Segment: Health Clubs and Spas
Reason for Selling: Owner no longer has the time to put into the business due to family reasons.
Value of Inventory Included ($): $8,700
Value of Furniture, Fixtures, and Equipment ($): $18,350
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Purchase of Business will be contingent on Buyer negotiating a lease with landlord that is acceptable to purchaser
Employee/Labor Description: On P&L statements, teachers and support staff will remain
Mgmt/Training Support Description: TBD owner will assist with transition
Competition/Market Description: A+ Location in downtown Charlottesville steps from the downtown mall and 1 block from the city public parking lot. Vibrant active downtown community is perfect for this business
Growth/Expansion Opportunities: Second Location owner had more classes pre COVID can add classes as allowed
Seller Financing Description: On a per deal basis but available very low debt

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,110 74,755 88,263
Median Age: 30.88 31.81 33.52
Households: 9,618 29,543 35,026

Contact

© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Charlottesville Area Association of REALTORS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.