Acquire a Thriving Boutique Barre Studio in Prime Location

Knoxville, TN
listing image
Asking Price:$90,000
Inventory:$6,000
Established Year:2012
Gross Revenue:$123,000
FF&E:$29,000
BUSINESS DESCRIPTION

Neighborhood Barre Bearden (NBB) is a premier boutique fitness studio that has been a pillar in the Bearden community for 12 years, specializing in the popular effective barre method of exercise. Conveniently located in the vibrant Western Plaza, just two miles from the University of Tennessee campus, the studio offers an inviting and revitalized space, having undergone a comprehensive remodel less than a year ago. Backed by a talented team of instructors and a loyal, growing client base, NBB has experienced an impressive 30% membership growth in the past 10 months. The franchise was recently purchased by Extraordinary Brands who brings a wealth of support and experience to help maximize operations and revenue generation. With a strong commitment to further expansion, the studio is well-positioned for continued success, making it the ultimate destination for barre enthusiasts. The potential for this exceptional studio is limitless.


DETAILED INFORMATION
Location
Knoxville, TN
Inventory
Not Included in asking price
Real Estate
Leased
Employees
12
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Great location in a vibrant, health-focused shopping center.
Growth & Expansion
The owner was limited to 20 hours of work per week due to other obligations and still realized profitability. The growth potential is huge.
Support & Training
The franchise owner, Extraordinary Brands, provides robust support and training ensuring operational and financial success.
Reason for Selling
A need to focus more time on family concerns.
Franchise
This business is an established franchise
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Chris
Smith
Perfect Fit Business Alliance
Chris Smith