Business for Sale

Indoor Cycling Studio for Sale

usiness
#6-5769 Turner Road Nanaimo Vancouver Island and Coast Nanaimo
Recreation
$101,000.00
 

If you are looking to step into a turnkey business with nothing but room to grow this is your chance! Indoor cycling classes are one of the top group exercises in North America and around the world. Historically, they have been done in large multi-purpose fitness facilities; this is the only boutique cycling studio in Nanaimo.

With the purchase, the new owner would be granted everything as part of the business including assets, client lists, electronic documents, website, marketing materials and all other items associated with the studio. This business has been built from the ground up with hard working entrepreneurs. It is now for sale due to the separation of the business owners. It will be a heartfelt goodbye to pass on this vibrant studio to the next owner. However, it will be exciting as the business is well established due to extensive hard work and now the real opportunity exists in the new owner's ability to focus on increasing income with a solid revenue base and reputation in the community.

Factors Dampening Buyers Risk

  • Only boutique studio in Nanaimo
  • Established business with a large client list
  • Largely untapped potential of clients not yet reached
  • Consistent sales trend; Growth percentage in first year of 28.5%
  • Relationships in place with subcontractor instructors
  • Website and brand recognition in place
  • Opportunities for new owners to increase income including:
  • Increase instructor offerings and optimize facility use
  • Benefit from and build on 2016 growth trend
  • Financial and asset information available and up to date



 
 
 
 
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Community Profile: Nanaimo

Vancouver Island and Coast
Nanaimo

Nestled between the mountains and the ocean Nanaimo is a 20 minute flight from downtown Vancouver or a 1.35 hour ferry ride. Nanaimo boasts both a vibrant business community and exceptional quality of life. Businesses choose to locate in Nanaimo because of the cost efficiencies, connections to markets, complete range of telecommunications services and talented workforce.

Statistics
Total Population 90,504
Median Household Income $61,094 ($CDN)
Closest Commercial Airport Nanaimo Airport (16km)
Closest Ocean Port Nanaimo (3km)
Closest Major Centre Vancouver (84km)
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