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Strong Cash Flow, Raving Fans, Thriving Cycling Studio!

Milford, MA

Seller Financing Available

Asking Price:$350,000
Gross Revenue:$542,817
Established Year:2018
Cash Flow:$101,192
FF&E:$175,000
Listing ID: 2289871Listing provided by BizBuySell
BUSINESS DESCRIPTION

Turnkey! Top Performer! Riding High on ROI!!

This studio's "CycleTheaters" are epicenters of energy, pulsing with expert-led rhythms and playlists that lift spirits and stats alike! Here are a few highlights!

Riding High: Established in 2018, this location was a top 10 sensation across the CycleBar universe! Fast-forward into 2024, and CycleBar Milford is even stronger, with a $540K+ revenue stream and a 343-member strong family. That's setting the pace!

Team Spirit: With 2 full-time and 15 part-time dedicated staff members, the team is a well-oiled machine, with the owner and GM sharing leadership like a tandem bike. From finances to social media marketing, they’re pedaling in perfect sync.

Your Financial Fitness Plan: Picture this—22% cash flow growth and a handle on expenses that’d make any CFO proud. The numbers are dialed in for growth, ripe for the savvy entrepreneur ready to ride the wave of opportunity and community vibes.

The People’s Champ: More than a gym; CycleBar Milford is the 'BEST FITNESS CLASS' (again and again, thank you MyFM), and has a Google rating that's just shy of perfection. The 343-strong rider crew would agree—CycleBar Milford’s a big deal in the boutique fitness world, and that's a $22 billion pie we're enjoying a slice of.

With seller financing as your tailwind, you’re positioned to lead the pack. For NDA and more info, inquire now!

DETAILED INFORMATION
Location
Milford, MA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
7,200
Employees
17
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The space is fully built out with over $175,000 in assets. ---> The studio includes 40 Schwinn Stationary Bikes, a full cycle theater A/V package with a state-of-the-art sound system and large screen TVs, and iPads for check-in, etc. Lobby A/V package includes POS equipment, studio management PCs, Shimano and specialized rental shoes, retail slat wall hardware, SpeedQueen laundry center, custom lockers, shoe cubbies, and the front desk. Inventory valued over $15,000 includes retail inventory, cleaning supplies, office supplies, and marketing materials.
Competition
Industry researcher IBISWorld reports MA as the top 7th state in the gym, health, & fitness clubs industry. Fitness studios are a $1.6 Bn industry in MA in 2022. IBISWorld projects the MA industry to grow 3.0% between 2022-2027 but the nation is expected to grow only 1.9%. CycleBar has been ranked on Entrepreneur Magazine's Franchise 500 4 years straight - 2019 - 2022, including as A Top New Franchise on 2021 Entrepreneur's Franchise 500, A Fastest Growing Franchise on 2021 Entrepreneur's Franchise 500; Ranked on Inc. 5000; Franchise Times Top 200+.
Growth & Expansion
CycleBar Milford ranks high within 250+ studios, with revenues growing from $377,228 in 2020 to $542,817 in 2023. Massachusetts's fitness market is booming, set to grow 3% by 2027—above the national average. With local demographics favoring expansion and initial cross-promotions in place, targeted marketing could further increase the already rising membership. More detail in the CIM.
Financing
Some Seller Financing Available
Support & Training
Franchisees attend a 3-day training at corporate headquarters in CA, an annual Franchise Convention, and have access to ongoing weekly support. Franchise staff gets training to ensure your team drives your studio’s success. Expect personalized marketing support around co-op marketing, national and regional media, SEO, social media, and email marketing.
Reason for Selling
Moving out of state
Franchise
This business is an established franchise
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