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Established Pilates Studio

Knoxville, TN

Seller Financing Available

Asking Price:$140,000
Inventory:$55,000
FF&E:$6,000
Gross Revenue:$130,000
Rent:$1,325/Month
Established Year:2015
Listing ID: 2232299Listing provided by BizBuySell
BUSINESS DESCRIPTION

Group Reformer Studio

Established group pilates studio with solid long term base and steady growth. Has made for great passive income as business operations are 80% self sustaining with custom booking app. Would benefit greatly from local ownership and/or owner instruction. Priced fair for quick sale.
Facility contains 8 reformers and 1 Cadillac. $55-$60 in equipment alone. No debt.
Lease renews annually. Management will offer multi-year terms. Excellent management. Facility well maintained, and has new floor as of Feb 2024.

DETAILED INFORMATION
Location
Knoxville, TN
Inventory
Included in asking price
Real Estate
Leased
Lease Expiration
30/11/2024
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
8 Balanced Body Reformers with Towers: $5000-$5500 each Total: $40,000-$44,0000 1 Balanced Body Cadillac: $6000-$6500 6 Reformer conv decks: $300-$350 each Total: $1800-$2100 1 long reformer box: 1 ladder barrel: $1500-$1750 4 Wunda chair combos: $1250-$1500 each. Total: $5000-$6000 8 reformer boxes: $250-300 each Total: $2000 - $2400 Sonos System: $600 TV: $150 MIsc Furniture: $600 Outside Sign: Build cost: $4000 Install cost: $1500 Inside Sign: Cost to build: $1500 Website: Cost to build $2000+ Custom App: Cost to design/build: $3000+
Competition
Established. Unaffected by competing facilities. Business should not be affected by sale/transfer as we are remote and clientele only are familiar with staff who will remain.
Growth & Expansion
Major growth opportunities for vested and local operator. We have run remotely for years with predictable income, and have not implemented much in terms of marketing or sales.
Financing
Will consider.
Support & Training
Will train new owners on all systems (app/payroll/mindbody). Also will provide all client list and marketing efforts that have and have not been implemented due to remote ownership.
Reason for Selling
Need cash for new investment, and sincere interest in seeing the business grow f
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Frank Blake
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Frank Blake
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