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CYCLEBAR-Luxury Fitness

Location: Upper Midwest

ID: (#200792)

200792
Price:$499,000
Revenue:$730,000
Cash Flow:$0
FF&E (Assets):$120,000
Inventory:$12,000
Real Estate:$0

Overview

CycleBar is the FIRST INDOOR CYCLING FRANCHISE in the world today. It is the largest network of Premium Indoor Cycling studios, with 200 locations open across the country. The concept of indoor cycling has built incredible momentum over the last 30 years. Offering concierge-level service and premium amenities, CycleBar has capitalized on this momentum and is experiencing exceptional success in a proven industry.

Details

Reason for Selling:

Owner pursuing other business interests

Established:

2016

Employees:

18

Furniture, Fixtures, and Equipment (FF&E):

47 bikes, furniture & fixtures, Audio Visual equipment,

Inventory:

Cyclebar workout gear

Opportunities for Growth:

Eligible for Gyms Act grant- This bill establishes a grant program to provide economic support to eligible fitness facilities in response to the COVID-19

Support and Training

18 fully trained staff members

Broker Contact Information

  • Tory Adair
  • Arizona - Gilbert
  • (480) 388-0870 Mobile
  • By Appointment Only
  • Gentry Real Estate Group
  • Arizona - Gilbert
  • By Appointment Only
  • 3303 E Baseline #119
  • Gilbert, Arizona 85234
  • Real Estate Broker: Gentry Real Estate Group