CO-Denver RiNo Existing Body Alive Hot Fitness

$650k buildout for $75k. No joke!!
Turnkey opportunity to buy this existing hot yoga and fitness center in RiNo!!!
Originally slated to open April 2020. Finally opened in November 2021 as a corporate owned center. They found mold, shut down the center, fixed the problems, sued the engineering firm, and is now ready to reopen with a new owner. Corporate is financially covered through the lawsuit, so they would rather offer this $650k business to a local owner/operator that can quickly regrow the center. There was over $650,000 spent on the build out of this location; Today it would cost $800,000 and would take 9 months to build. All leasehold improvements, tenant finish, and equipment is included. We offer Hot Power Yoga, Hot Mat Pilates, Sculpt, Challenge, Barre, Body Fusion, Bounce, and Cycle Classes. Owner operator would be great. Or passive owner can lean on current operators to manage the business under a management agreement *** The business is currently closed. Revenue and earnings claims are purely hypothetical and are based on 4 other existing locations.
Check out the website https://bodyalivefitness.com/denver
Complete our buyer registration for additional background info, financial info, and to schedule a meeting with the owners. https://www.franchisesellers.com/nda

Total Sales: $500,000

Cash Flow: $200,000

FFE: $25,000

FFE Included: Yes

Inventory: N/A

Year Established: 2012

Employees: 10

Facilities Information:

Spacious 1,500 sq. ft. 102 degree/40% humidity heated studio - sized to hold 55 mats.
Women's locker room with 6 showers; Men's locker room with 2 showers; Lobby including lockers, cubbies, and hooks; Parking in the adjacent parking garage; Audio throughout studio, lobby, and locker rooms.

Reason For Sale:

Current owner seeking owner/operator or passive investor to reopen this location.

Training & Support:

Current owners will provide all training to ensure your success. They will even help run the business if new owner desires.

Competition:

Little competition.

Potential Growth:

Growing RiNo District. High density apartments. Young, active population. 20k customers within 2 mile radius.