Gym Studios - Apartment Gym Outfitter and Fitness Class Provider
Austin, Travis County, Texas, United States
Asking Price$875k
Revenue$979k
EBITDA-
Cash Flow$324k
Description
Gym Studios was founded in 2010 by Shawn Martinez to deliver a premium
fitness experience for luxury apartments, partnering with them to offer fitness
classes and personal training. For 10 years the business expanded across
Texas and Arizona. In 2020, Gym Studios added an additional revenue stream
by outfitting new-build apartment complexes with gym equipment. This
shifted the business model into what it is today—designing apartment gyms,
supplying them with exercise equipment, securing maintenance contracts,
and then offering fitness classes, personal trainers, and fitness events for
those gyms.
Gym Studios collaborates with multiple apartment builders, producing a
steady revenue stream that projects out to 2026. Gym Studios boasts a
12-year relationship with Greystar, the number one multifamily housing
builder in the United States.
Inventory
Included in Asking Price
Number of EmployeesFull-Time: 1Contractors: 7
Year Established
2010
Reason Selling
Owner wants to establish and sell multiple businesses. He is ready to move on to the next endeavor.
Facilities & Assets
There are no assets nor facilities. Owner and single employee work from home. The rest of the associates are contractors.
Support & Training
Current owner will train new owner on how to design and select equipment for the apartment gyms. There is a formula that can be used to determine how much and which type of equipment is needed. The owner is flexible with support and wants the business to be successful after the sale.
Growth Opportunities
The largest opportunity for growth lies within the fitness instruction aspect of
the business. At its peak Gym Studios contracted over 100 fitness instructors
and 35 personal trainers across Texas and Arizona, earning $875K in yearly
revenue. After COVID-19 restrictions and subsequent market contraction,
2023 saw only $280K. Now that demand for classes has returned, along with
increased availability of labor, there is considerable potential to expand.
Financing Options
Seller financing is available.The seller is willing to finance a small portion of the sale.
Asking Price$875k
Learn MoreAfter inquiring the broker will reach out to you to discuss the next steps.