RIDE TO RICHES: TOP-10 CYCLING STUDIO UP FOR GRABS!
FRANCHISE FOR SALE IN MILFORD, MASSACHUSETTS
List Price: $350,000 USD
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INTRODUCE ME TO THE SELLER
Annual Gross Revenue:
$542,817 USD
Annual Net Profit:
$100,000 - $150,000
Value of Inventory:
Less Than $25,000
Value of Assets:
$150,000 - $200,000
Business Category:
Health & Fitness
Business Operates From:
A Retail Location
Year Established:
2018
Seasonal Business:
No
+3 Months
TRANSITION SUPPORT
Very flexible
PRICE/TERMS
FLEXIBILITY
Full-time
OWNER INVOLVEMENT
SUMMARY
Exciting opportunity to own the top-performing CycleBar franchise in Milford, MA! ---> Welcome to CycleBar Milford, where every pedal stroke powers a lively community in the heart’s beat of indoor cycling. CB "CycleTheaters" are epicenters of energy, pulsing with expert-led rhythms and playlists that lift spirits and stats alike. ---> Riding High: Established in 2018, in the pre-COVID glory days, this location was a top 10 sensation across the CycleBar universe! Fast-forward past a little global turbulence into 2024, and CycleBar Milford is stronger, with a $540K+ revenue stream and a 343-member strong family. That's not just recovery; 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!
PHOTOS
FACTS
Part-Time Employees:
11-25
Full-Time Employees:
1-5
Total Employees:
10-25
Timeframe for sale:
Immediate
Total Approx. Monthly Rent:
$7,000/month
VIDEO
DESCRIPTION
DAY-TO-DAY INVOLVEMENT
The owner splits shifts with current General Manager as needed. He maintains the financials (including running payroll), helps the GM with hiring and staff relations as needed, maintains the inventory (buyer), and works on social media/email marketing.
FRANCHISE BRAND ACCOLADES AND AWARDS
CycleBar Milford has won Best Gym, Best Alternative Fitness Class/Center 2021 and 2022 and Best Charity Event 2021 from MyFM Radio. ---> CycleBar has been ranked on Entrepreneur 500 4 years straight - 2019 - 2022, A Top New Franchise on 2021 Entrepreneur 500, A Fastest Growing Franchise on 2021 Entrepreneur 500; Ranked on Inc. 5000; Franchise Times Top 200+. ---> The brand has been profiled by Women's Health, Bustle, Byrdie, a SweatLife, Forbes, Popsugar, Today, Livestrong, Well + Good, Thrive Global, Business Insider, Health, NBC, and Inc. ---> With more than 250 studios open across the globe, CycleBar is 3 x larger than its largest competitor and leading the thriving indoor-cycling industry.
ASSET DESCRIPTION
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. ---> The 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 DESCRIPTION
Inventory valued over $15,000 includes retail inventory, cleaning supplies, office supplies, and marketing materials.
ADDITIONAL INFO
CycleBar corporate believes extensive support and comprehensive training are pivotal for success as a franchise owner. Franchisees attend a 3-day training course at the corporate headquarters in California, an annual Franchise Convention, and have access to ongoing weekly support. Franchise staff also undergoes extensive sales training to ensure your team drives your studio’s success. ---> Expect personalized marketing support as you transition with the seller. Strategies include co-op marketing, national and regional media, SEO, social media, and email marketing.
BONUS MATERIAL
WHY I LOVE MY FRANCHISE
I love the fitness community we’ve built over the years with our staff and riders! Our staff, including the instructors and sales associates, truly love being a part of the CycleBar team, and it shows. It is the most supportive and welcoming community that I’ve ever seen or been a part of. CycleBar has been a great experience, profitable, and satisfying.
REASON FOR SELLING
The seller is preparing to move out of the area as their kids are about to go to college.
GROWTH OPPORTUNITIES
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.
Some
SELLER FINANCING AVAILABLE
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