Fast Growing Cycling Studio W/ Monthly Recurring Revenue

San Diego County, CA

Seller Financing Available
Fast Growing Cycling Studio W/ Monthly Recurring Revenue
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Asking Price: $225,000

Cash Flow: N/A

Gross Revenue: $188,238

EBITDA: N/A

FF&E: $20,000

Inventory: N/A

Rent: $8,852 per Month

Established: 2018

Fast Growing Cycling Studio W/ Monthly Recurring Revenue

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Business Description

After opening in Dec 2018, their pre-COVID, first year revenue in 2019 was nearly $500,000 with a semi-absentee owner net profit over $120,000. Seller states that there is huge potential to go up from there. The seller focused heavily on selling monthly recurring memberships (opposed to individual classes), which resulted in a large, loyal customer base pre-COVID. They invested $400,000 to build out the space, which consists of a 50 bike spin room, 2 bathrooms, shower, and childcare area. It is located in a high-traffic shopping center in a densely populated area of North County San Diego where new development is still happening. They have been doing outdoor classes with limited capacity and, as of April 2021, are now starting to move back indoors. This is a great opportunity to buy low and really capitalize on increased growth that is right around the corner once the studio is able to completely re-open indoors.

Detailed Information

Location:
San Diego County, CA
Real Estate:
Leased
Building SF:
2,700
Lease Expiration:
8/1/2028
Employees:
14
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
$200k Down with the Balance Seller Carry Note for 24 Months at 8% Interest.
Support & Training:
2 Weeks
Reason for Selling:
Relocation
Franchise:
This business is an established franchise
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Dylan McGrath

Business Listed By:
Dylan McGrath

First Choice Business Brokers San Diego


Sponsoring Broker:
Chris Seaman

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