Established Indoor Cycle & Fitness Studio

$400,000

Baltimore, MD

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Gross Revenue

$486,121

Owner's Cash Flow

$87,500

Min Down Payment

$200,000

Employees

1 FT, 24 PT

Business Summary

The business opened its doors to its first studio in January 2014. The studio was the first of its kind in Baltimore, as boutique fitness was a brand-new concept to Baltimoreans. The business operates in a well-to-do neighborhood where it has strong customer loyalty as a result of the current owner's investments into the studio and into the high-quality team of instructors who teach classes at the studio. The growing popularity and importance of health & wellness combined with the business' location in a young and fast-growing neighborhood present an opportunity for these businesses to capitalize on a significant market share.

Key Highlights

Year established

2014

Real estate

Leased

Reason for selling

After successfully founding and growing the business, the owner is looking to spend his downtime traveling, while focusing on his full-time corporate job and brainstorming his next venture.

Support and training

The owner is willing to stay on for up to a year to help with the transition.

Consolidated Cashflow

To see all the financial data including a break down of the owner's salary and add-backs, request access to the confidential information

	2020	2021	2022
Gross Revenue	$5,371	$6,833	$7,361
COGS	$3,249	$3,527	$2,571
Gross Income	$2,122	$3,306	$4,790
Operating Expenses	$5,859	$5,067	$6,542
Operating Incomes	($3,737)	($1,761)	($1,752)
Net Other Income (Expenses)	($1,583)	($9,472)	($7,335)
Net Income	($5,320)	($11,233)	($9,087)
Interest	$3,588	$7,742	$5,882
Depreciation	$5,572	$4,378	$6,376
Amortization	$6,165	$4,587	$6,609
EBITDA	$10,005	$5,474	$9,780
Add-backs	$59,826	$66,034	$50,040
Owner's Cash Flow	$69,831	$71,508	$59,820

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