See Similar Listings

Boutique Fitness studio Spin, Strength, Yoga = Best.Workout.Ever.

Arlington, VA

Seller Financing Available

Strength Room
Asking Price:$349,000
Inventory:$5,000
Established Year:2020
Gross Revenue:$460,000
FF&E:$195,000
Listing ID: 2102767Listing provided by BizBuySell
BUSINESS DESCRIPTION

Boutique Fitness is back! Boutique is the fastest-growing segment in fitness, projected to grow at a CAGR of 10.6% from 2021-2028. Boutique fitness is a growing $3.3 billion segment of the $35 billion fitness industry and SPENGA is an emerging new concept that fills a void in the market by delivering cardio, strength, and flexibility training all in one 60-minute workout. It’s a varied and dynamic workout that keeps clients excited and motivated to push themselves with a new workout segment every 20 minutes.

Being part of the SPENGA brand has great perks. SPENGA franchisees are accomplished business owners who network monthly to ensure best practices are shared across the board and the SPENGA franchisor offers training and weekly calls to provide marketing support, ensure KPIs are met and shares metrics with the SPENGA network of franchisees.

Operating studio for sale with 280+ members and growing with 2 expansion territories. Here’s your chance to get in on the early stages and help build a national brand. Stable, satisfied membership base. Fantastic, loyal employees, 50% have been with studio since opening. First class facility. Great location in a booming neighborhood in the Washington, DC metropolitan region. Neighborhood is home to 942 businesses, over 20K employees, 15K residents, 7732 residential units and over 8 million sf commercial space. Within the next 5 years, 2400 new residential units, 430,000 sf of new or redeveloped retail space and 420,000 sf of new or redeveloped office space. Step right in and grow with this brand.

Two additional SPENGA territories INSIDE the Beltway included with this purchase.

The studio is 3800 SF. The buildout for this concept is expensive. Supply chain and raw materials increases make purchasing a 3 year old studio extremely attractive financially. This is priced at a third of the cost to buildout and equip a similar studio today.

Full disclosure once NDA is executed.

DETAILED INFORMATION
Location
Arlington, VA
Inventory
Included in asking price
Real Estate
Leased
Building SF
3,767
Lease Expiration
22/05/2031
Employees
15
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The sale includes studio equipment estimated at $195,000 including: 27 Precor Chrono spin bikes, 24 Queenax interval training pod stations with weights and TRX systems, 35 yoga mats, (1) floor scrubbing machine, 1 phone, 1 Microsoft tablet, 2 HP desktop computers (1 New in Box), 1 HP laptop, 3 IPADS, complete AV system with 10 TVs, retail rack & inventory, large retail beverage fridge. Inventory is estimated at $5,000 and includes cleaning supplies, light fixtures, retail clothing, waters, marketing materials, and marketing materials including signage.
Competition
SPENGA is located on a busy intersection in the booming Ballston neighborhood of Arlington, 1 block from Ballston Metro. High visibility location surrounded by bars, restaurants, shops including True Foods, Ted's Bulletin, Hawkers, CAVA & dozens of high-rise residential/office buildings. Arlington, VA has been voted the "Fittest City" in the US 3 years running and this is a very active demographic. Within a 1-mile radius are OrangeTheory, CorePower Yoga, Solidcore, BASH, Barry's Bootcamp, MADabolic, PureBarre, OneLife, Gold's Gym, VIDA Fitness.
Growth & Expansion
Demonstrated high growth opportunity with +20% YOY growth 2022-2024 and expansion opportunities including 2 additional territories inside the Beltway. Studio is part of a nationally-backed franchise organization with the current local owners supporting this franchise in the community by building relationships in-studio, networking with local businesses, and hosting private corporate and charity events. Further opportunities exist in honing grassroots marketing, expanding relationships with local businesses and residences, and leveraging community events.
Support & Training
Owner to stay on for 1-2 months of transition training, working with existing staff and new owners. Complete training for franchisees and for fitness instructors is provided. Ongoing support will include weekly/monthly meetings and field assistance, help desk to expedite needs, central purchasing, payroll provider, retail support and products, and recruiting tools.
Reason for Selling
Retiring/relocating
Franchise
This business is an established franchise
BUSINESS LOCATION
Report an Issue with this listing
Sherry Ruffing
Phone Number
Sherry Ruffing
Call Phone