Franchise Spin Cycle Business for Sale in North Suburbs of Chicago, Illinois

Located in the North Suburbs of Chicago, Illinois (Lake County)
Sale includes: the Business, Equipment & Fixtures.
Purchase Price / Business only = $599,000 plus inventory

This business opened in December of 2017 and is off to a great start with over 287 members already signed up for monthly or multi-class passes purchased, and an average of 150-200 are visiting this business monthly.

They creates a fun and accessible experience for riders of all ages and fitness levels where every ride is an unparalleled multisensory, intoxicating journey. Each ride is fueled with amazing music, energy-enhancing video graphics and rider-specific performance data in a state-of-the-art theatre. They deliver concierge-level service and an exhilarating experience that goes far beyond a great cardio fitness workout.

The franchise was started in 2004 in Boston and realized there are three key ingredients to a successful indoor cycling experience: great instructors, great music, and a great environment. They’re the first and only truly premium experiential fitness concept offered in franchising.

The concept of indoor cycling has built incredible momentum over the last 30 years. This business leverages current markets to capitalize on this momentum and is experiencing exceptional success in a proven industry.

This Franchise is the largest network of Premium Indoor Cycle Studios in the world, with more than 180 locations slated to open throughout 2018. They provide an established executive model, intensive training and a completely scalable business to make the possibilities endless!

This business has a unique advantage in with their ability to help customers measure their performance through their proprietary system. Once customers enter their data into the system, they can track their performance. Customers personal data will be stored in a private online file, so they can see your stats at any time.In special performance-focused classes and at key energy boosting moments in their other classes, customers can see their ride stats and see Performance Metrics including heart rate, calories, power, RPM and more. It’s a fun way to help customers achieve their personal best, ride after ride, without turning workouts into a stressfest.

Acquiring an existing location versus opening a new one saves around 1-2 years of time in site selection, demographic analysis, planning and developing the location. This is a great opportunity to acquire a high-end location in an affluent community. There’s a lot of opportunity to grow this business through a variety of methods.

In addition to the marketing support that the franchisor provides, the owners are promoting charity rides, and they have been a great opportunity for sales and introducing people to this concept. An additional class can be scheduled specifically for a single charity event with a portion of the proceeds going to the charity and it has quite often led to new membership signups and multi-pass purchases.

Other means of generating greater presence in the community include networking through chambers of commerce, private business groups, and health and wellness alliances, in fact many of these chamber and private networking groups are routinely looking for venues for unique events, fundraising, and networking functions.

This Franchise business provides a great website and internet exposure, in addition, a new owner can leverage growing social media accounts to stay top of mind with customers and attract new members. This is truly a turnkey opportunity that can save a new operator a ton of time by stepping right into a growing business with revenue from day one.

Currently 29 classes are held each week and varies day to day. Typically 2 in the morning and 2 in the afternoon or early evening. Plans to add 10 more classes per week, for a total of 34 classes are currently being implemented.

Note: Owners will consider financing a small portion of the sale price for a well-qualified & experienced buyer.

Asking Price/Business only: $599,000 plus inventory
Gross annual sales (projection): $500,000.00
Value of furniture, fixtures & equipment (approximately): $230,000.00
Value of inventory (approximately): $2,000.00
Storefront / Lease details (approximately): The Gross Rent is $10,187.00/month. The space is approximately 2,800 sq ft.. Lease goes through Feb/2027. Lease must be personally guaranteed.
Seller Financing: Owners will consider a small amount of financing with qualified & experienced buyer/operators.
Contact: Tony Gavros, This email address is being protected from spambots. You need JavaScript enabled to view it., Advantage Business Acquisitions, Inc., Tony 847-722-1877

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