First thing you may be asking, what is a boutique gym? Simple, a boutique fitness gym is on average much smaller than your typical large-scale gym, ranging from 800 to 2,500 sq feet. A boutique gym specializes in a specific area of fitness, such as kickboxing, cycling, or high intensity interval training (HIIT), or just bootcamp training.
In essence, it is specialized group training typically ranging from 15-30 people that is led by an instructor. Typically, classes cost individually between 20-30 dollars per class or monthly membership of 180 dollars. Orangetheory Fitness is a popular franchise in Southern California and has locations in the U.S., but there are others that are non-franchise or independent.
Franchise vs. Independent - The benefit of the franchise is that Corporate assists in the market and competitive analysis and can help with finance options. An independent is good, but it lacks in branding, because so often membership is grown through word of mouth either of social media or in the traditional sense, and the owner is in a network of other locations and has Corporate support. A con of a franchise is that they are typically more expensive and allow less freedom on how to run your business.
Permits and Insurance - When dealing with gyms, yoga studios, or fitness centers you run the risk of having your clientele getting injured doing high intensity workouts, so you want to be knowledgeable of which permits you must have, especially if you serve food or drink, and have proper insurance to protect yourself from litigation and insurance claims.
Equipment and Staff - Be sure to be knowledgeable of the latest equipment (industry treadmills are not cheap) and factor in monthly repairs. Staff members and trainers must be professionally trained and certified. Many trainers who work for boutique gyms were previously independent personal trainers, and so if they can be acquired, they usually have a following and bring with them a good portion of their client base with them.
See all the latest California fitness centers, health clubs, yoga and pilates studios for sale and wanted to buy postings on BizBen:
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The Veld Group provides a refreshing approach to Business Brokerage, Mergers & Acquisitions and Business Consulting and Valuations. From Your Street to Wall Street, we cater to Main Street Businesses as well as more complex Strategic Firms and Start-Ups.
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I am an experienced entrepreneur, attorney, & business professor. I & my EvergreenGold® team offer business owners sound advice & expertise to build business value & achieve profitable sales. Call me today for a business evaluation & SWOT analysis for your business anywhere in the USA.
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I am the Founder Of BizBen.com. I consult daily with intermediaries, business buyers, owner/sellers & advisors daily about buying and selling California small to mid-sized businesses. Contact me today about joining & utilizing BizBen, consultations, & advisory services.
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Laundry consulting, due diligence, buyer representation: We preview laundries for you and evaluate them. 28 years laundry industry experience: buying, selling, valuing, retooling, analyzing, consulting services for laundry buyers and entrepreneurs in California. Contact us today about our services.
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If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
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ABC license specialist and owner of ABC Licensing Services, Elaine Olshanetsky, has 25 + years of experience obtaining and transferring liquor licenses for clients. assisted new buyers as well as seasoned professionals.
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McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
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For over 25 years Peter Siegel, MBA has been providing niche business purchase financial advisory and loan placement services with SBA Loans, Non SBA Financing, Retirement Plan Conversions, Note Restructures, etc. Call me regarding business purchase financing and to get pre-qualified: 925-785-3118.
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Financing a business purchase, or getting cash for a down payment can take many forms. Hopefully the options listed below will give you some ideas where you can find the money to buy a California business!
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