PROFITABLE GROWING FITNESS PHENOMENON
FRANCHISE FOR SALE IN MARLBOROUGH, MASSACHUSETTS
List Price: $449,000 USD
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Annual Gross Revenue:
$443,000 USD
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:
2019
Seasonal Business:
No
1-3 Months
TRANSITION SUPPORT
Somewhat
PRICE/TERMS
FLEXIBILITY
Part-time
OWNER INVOLVEMENT
SUMMARY
Emerging concept in the $35 billion fitness industry!! Boutique fitness has been the fastest growing segment in fitness since 2010 & now takes 35% of all memberships! --> This brand's tagline is Best. Workout. Ever. and they mean it. SPENGA fills a void in the market by delivering cardiovascular, strength, & flexibility training all in one 60-minute workout. It’s a plateau-proof workout that keeps clients excited & motivated to push themselves with a new workout segment every 20 minutes. The award-winning SPENGA brand is an Inc#500 Fastest Growing Company and taking market share with nearly 100 studios open & 200+ in development! --> SPENGA Marlborough opened strong in summer of 2019 & carried that momentum into early 2020. Since then, it’s been up and down, but it's *profitable* and 2022 revenue is trending up as people return in person! Why? It’s about community and the electric feeling of accomplishing goals together. This studio brings it! They're very involved locally participating in cancer fundraising events and hosting charity rides on the spin bikes. Just check out the many outstanding Google reviews that mention the community environment and the staff – 2 major factors to maintaining members! ---> Priced at $449,000, this location is significantly less expensive than starting a new location from scratch (typically $288,605 -$848,994). PLUS, all the hard work of building out, launching, and acquiring customers is already done for you! --> The studio is located at the heart of the very popular APEX Center in Marlborough. Many restaurants and retail spaces attract the target boutique fitness audience: WOMEN! The demographics of the area align with ideal customers, too. --> Fabulous opportunity for a fitness-loving-entrepreneur to get in on this emerging fitness phenomenon at a great price! Build brand equity and cash flow with SPENGA!! Inquire today!
PHOTOS
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FACTS
Part-Time Employees:
6-10
Full-Time Employees:
1-5
Total Employees:
10-25
Timeframe for sale:
Immediate
Total Approx. Monthly Rent:
Upon Inquiry
VIDEO
DESCRIPTION
DAY-TO-DAY INVOLVEMENT
Operations of the studio with taking care of all the finances including payroll & paying bills. Owner also creates studio & instructor schedule.
FRANCHISE BRAND ACCOLADES AND AWARDS
This location won the SPENGA National Award for Highest Increase Month Over Month Revenue. SPENGA ranked #32 on this year's Inc. 5000 Regionals Midwest list. SPENGA ranks #380 on Entrepreneur’s Franchise 500 List in 2022. SPENGA ranked in the 2020 Inc 5000 list of fastest-growing companies in the country.
ASSET DESCRIPTION
Studio equipment estimated at $190,000 including: 28 spin bikes, 26 interval training pod stations with weights and TRX systems, 28 yoga mats, (1) floor cleaning machine, (2) tablets, (1) phone, (1) surface computer, (3) IPADS, complete AV system with (7) TVs, retail rack & inventory, 1 large retail beverage fridge
INVENTORY DESCRIPTION
Cleaning supplies and shampoo/conditioner/body wash fillers to go in the 2 shower rooms, retail clothing, waters, marketing materials, and pop up tent with value estimated at $3000.
ADDITIONAL INFO
No experience required. Complete training for franchisees and for fitness instructors is provided. Being part of the SPENGA brand has great perks!! There is an amazing network of existing franchisees that support each other intensely. There are monthly calls just among franchisees on subjects of interest to owners. This makes the network value even stronger. There is also a general manager’s network to support each other in similar fashion. This franchisor is a growing brand and hosts regular calls with franchisees which are very motivating and helpful. They cover who is new, what is new, and any special events or programs coming up. The franchise also has a number of retail items that are sharp and available for resale giving the studios added revenue. There are regular specials and marketing support. As the brand grows, there is anticipation that national marketing will take place
BONUS MATERIAL
WHY I LOVE MY FRANCHISE
The SPENGA philosophy is brilliant! It makes the workouts for all levels no matter gender or age of the member. The look of SPENGA is very welcoming and extremely clean. The members get a very high end product while both physically and mentally feeling better.
GROWTH OPPORTUNITIES
More grass roots marketing, networking, business to business opportunities, all of which were stalled because of pandemic.
None
SELLER FINANCING AVAILABLE
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