Off Market
Off Market
Established Indoor Cycle & Fitness Studio
$400,000
Baltimore, MD
This business is off the market. Subscribe to our Listing Alerts for early access to new listings.
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.
Content Locked
Provide your information to immediately see consolidated financials.
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 | $7,057 | $5,784 | $5,065 |
| COGS | $6,121 | $1,106 | $4,059 |
| Gross Income | $936 | $4,678 | $1,006 |
| Operating Expenses | $9,461 | $1,768 | $4,334 |
| Operating Incomes | ($8,525) | $2,910 | ($3,328) |
| Net Other Income (Expenses) | ($2,953) | ($8,161) | ($9,825) |
| Net Income | ($11,478) | ($5,251) | ($13,153) |
| Interest | $2,535 | $9,868 | $8,088 |
| Depreciation | $8,123 | $7,539 | $9,081 |
| Amortization | $5,238 | $5,612 | $4,968 |
| EBITDA | $4,418 | $17,768 | $8,984 |
| Add-backs | $65,090 | $68,574 | $60,013 |
| Owner's Cash Flow | $69,508 | $86,342 | $68,997 |
Content Locked
Provide your information to immediately gain access to our projection model for this listing.
Projected Free Cash Flow
