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Katy, TX

  • Listing Number: 101-22002

    Category: Fitness, Franchise/Licensing, Miscellaneous

Asking Price $69,000
Gross Revenue $163,266
Equipment / Fixtures $140,000
Year Established 2016
General Location Katy, TX
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This is a well-known fitness franchise (Cycle bar), pre-covid they were doing $40,000 a month in recurring revenue but are regaining ground and picking up more and more clients. Business is currently breaking even; the seller has put in over $400,000 and is moving out of state and very motivated to sell at an extreme loss. This is your opportunity to pick up a fairly new franchise location for pennies on the dollar. An ideal buyer is a fitness enthusiast who lives local and can be a part of this growing gym. Currently there are roughly 200 recurring members, but an active owner should be able to boost that to 500. Support and Training will be outstanding ensuring a smooth transition. The seller states that the experienced and dedicated staff will all be willing to stay on with the new owner of this business.

Gross Revenue
Listed Price
Base Rent
Square Feet
Total Rent
Lease Expiration
Lease Options
One and 5-years
Leasehold Improvements
Equipment / Fixtures
Other Assets
Fully built studio, speaker systems, AV system. New AC units
Full-Time Employees
Training Period
Part-Time Employees
Reason for Selling
Opportunity in her full time career to relocate as well as cash constrains.

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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