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Details - Information last confirmed on October 5, 2020
This is a unique opportunity, for someone experienced in the gym and fitness industry, to acquire a fully equipped Lagree studio at a great price. The original cost of equipment and buildout was approximately $300,000. This does not include the cost of the Lagree license.
The space has been well-maintained and is still in pristine condition. The owner continues to keep the studio clean and sanitized per CDC guidelines. The boutique studio is located in an affluent part of Sugar land. It has plenty of parking up front, for staff and clients. Due to COVID-19, the studio is operating at a loss. The business model has proven to be successful as the current owner has two other locations that are profitable. This location was still new when the government mandated the owner to shut down for two months. Seller has decided to spend more time with family instead of investing time and energy with the studio. Therefore, the owner has priced this studio to sell quickly.
The space is almost 1,800 square feet which includes an open workout area with 10 pieces of equipment, called Megaformers. To elaborate more on the Lagree Studio, fitness and the patented Megaformer, please continue reading.
Lagree fitness is becoming one of the fastest growing and most popular workout styles in the fitness industry. The Lagree method is a multi-faceted workout that combines both resistance training and cardio into one. It’s an all-inclusive balanced system to strengthen, tighten, and tone the body all in 45 minutes.
Lagree was created by a fitness guru, Sebastien Lagree. Lagree invented an efficient workout performed on the Megaformer. Lagree fitness offers a unique twist on traditional exercises like squats, lunges, planks, and push ups while combining those movements with exercises specific to the Megaformer.
A new owner can continue to operate as a Lagree Studio or they can operate without the Lagree brand. A license to operate as a Lagree Studio costs $50,000 normally. A new buyer can finish paying off the existing license for this location and can operate and brand their business as a Lagree Studio or they can operate without the brand. The balance remaining that the seller currently owes for the license is an estimated $20,000.00. New buyer is responsible for this balance on top of the sales price if they want to operate with the Lagree brand.
NOTE: Seller is willing to sell the studio without the Megaformers for $30,000. This is a great opportunity for any fitness concept, karate studio, ballet, etc, to open in a great location with high foot traffic in Sugar land without having the cost for a build-out. The space is move in ready with two bathrooms and a large utility room. The speakers, mic system, and everything other than the fitness equipment would still be included. The improvements and buildout cost the seller more than $200,000.00.
This is definitely a see for anyone looking to open in Sugar land.
This deal WILL NOT LAST. Please call the listing broker if you’re interested. Please leave a voicemail if unanswered.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.