I am thinking about buying this Business.
The Model: Shared space for Fitness Classes and fitness Trainers - empty space, could be for dancing classes, zumba classes, pilates, fitness, meditations , elderly fitness, and more.
The space Size: 350 square meters
Rooms: 4 + Kind of a living room in the entrance.
Some fitness equipment. Kitchen and washing machine, and one room for Massages
Target audience : All Trainers and coaches that want a dedicated space for them to teach their classes in hourly blocks or Monthly subscription.
Revenue anual 2024: 57k euro
Costs : rent heat water- 30k
Profit: 27.00k before Tax
The Rent contract fot the space is very cheap 2000e for 350 square meters.
The owners want to focus on doing personal training themsleves , and dont want to invest time to improve the model and scale the busienss.
They have done zero ads, zero Online precense besides an okayish instagram page and a ok website that needs improvement.
The cost is up for negotiation still.
They have expensive Mirrors lights etc as well.
I don’t think they have the know how to scale the business ( to do ads, marketing, value skewing)
They dont have a coffee machine, or a protein shake machine for example and are not sell merch.
I think it has potential, and the model looks fine, If i do a good job and acquisitions and Marketing i could scale it.
Profits are low tho 27k per year.
Thoughts?
The Model: Shared space for Fitness Classes and fitness Trainers - empty space, could be for dancing classes, zumba classes, pilates, fitness, meditations , elderly fitness, and more.
The space Size: 350 square meters
Rooms: 4 + Kind of a living room in the entrance.
Some fitness equipment. Kitchen and washing machine, and one room for Massages
Target audience : All Trainers and coaches that want a dedicated space for them to teach their classes in hourly blocks or Monthly subscription.
Revenue anual 2024: 57k euro
Costs : rent heat water- 30k
Profit: 27.00k before Tax
The Rent contract fot the space is very cheap 2000e for 350 square meters.
The owners want to focus on doing personal training themsleves , and dont want to invest time to improve the model and scale the busienss.
They have done zero ads, zero Online precense besides an okayish instagram page and a ok website that needs improvement.
The cost is up for negotiation still.
They have expensive Mirrors lights etc as well.
I don’t think they have the know how to scale the business ( to do ads, marketing, value skewing)
They dont have a coffee machine, or a protein shake machine for example and are not sell merch.
I think it has potential, and the model looks fine, If i do a good job and acquisitions and Marketing i could scale it.
Profits are low tho 27k per year.
Thoughts?
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