Co-Ed Personal Training Studio – Affluent Area
This Boston Metro private personal training studio has actually been in operations for 8 years along with consistent sales. The Company has actually an established list of clients, offering one-on-one personal training and small group training sessions. They currently have actually two well-educated and went through trainers who craft individual training programs for each client. All personal trainers hold certifications and have actually undergone rigorous in-estate training
The Company caters to individuals along with an annual income greater than $100,000 per year, offering a higher price point than traditional fitness centers given the level of extra attention and service. Over the past several years, sales have actually trended upward growing at 4-5% per year. 2015 Sales through the end of September have actually increased ~3% year-over-year compared to the same time period in 2014. The business averages ~$30,000 per month in sales.
The demand for gyms and health and fitness clubs will continue to rise over the next five years (IBIS, 2015), as the general public becomes more health-conscious and the aging population places a greater emphasis on staying fit. The fitness sector is expected to grow at an standard annual rate of 2.2% over the next five years and consumers are expected to increase their health consciousness through 2020, resulting in more Americans desiring to exercise.
The 2,155 square foot space is located in a high-traffic, affluent area. The current monthly triple net lease, is $6,700 and can be assigned to the brand-new owner. There is an option to renew the lease for an additional five years.
GROWTH & EXPANSION
A buyer could easily expand by increasing marketing activities as fairly little is currently being done.