This established fitness studio in Grand Rapids, Michigan is in a modern, clean facility located along a high-traffic corridor with favorable demographics. Membership rebounded following the Covid shutdown in 2020 and the studio has remained consistently profitable to this day. Depending on buyer preference, the franchise can be cancelled and there are options for a lower-cost digital tracking and display system to replace the corporate software.This established fitness studio in Grand Rapids, Michigan is in a modern, clean facility located along a high-traffic corridor with favorable demographics. Membership rebounded following the Covid shutdown in 2020 and the studio has remained consistently profitable to this day.

The owners have limited involvement with the business, providing management oversight and bookkeeping. There is a strong culture in place and there are trainers on staff with prior management experience that could take over operations for an absentee owner. While the sellers desire to pursue new challenges, they are willing to stay with the new owner to successfully transition both clients and staff.

The co-owners put a motivated staff and team in place that allows them to work passively in the business. They were very involved in the early days building up the culture with high expectations for their trainers, and they have since pulled back and put in place a strong team of trainers to position the studio for a new owner with the energy and passion to take things to the next level. They are willing to stay with the new owner to successfully transition both clients and staff.

Details:

Year Established: 2017
2023 Revenue: $245,000
2023 SDE: $56,000
Equipment: $175,000 
Real Estate: Leased
Employees: 1 full-time and 4 part-time

Investment Highlights:

• Stable client base
• Dedicated people and positive work environment
• Established studio past the startup phase
• Currently under a franchise agreement which can be terminated if desired

Support & Training: Owners are willing to assist the transition

Reason for Selling: Focusing on other business opportunities