Atlanta GA Multi-Unit Cycle Bar Franchise for Sale – Absentee Owner – Priced Way Below Market – Fully Staffed – Keep or Convert
Atlanta GA Multi-Unit Cycle Bar Franchise for Sale – Absentee Owner – Priced Way Below Market – Fully Staffed – Keep or Convert
Price: $325,000
Location: De Kalb, Fulton
Industry: Gyms and Fitness Centers
Listing ID: 6298
(These are Open and Operating Businesses. Please be respectful and do not make any attempt to contact or speak to Staff, Management, Landlord, or Ownership. Documentation and Inspections will be provided upon request)
Atlanta GA Multi-Unit Cycle Bar Franchise for Sale.
Killer High-Profile, High Visibility, High Traffic Locations.
100% Absentee Owner.
Zero Debt.
Great Staff guarantees flawless transition with no hiccups.
Each location has a manager and this a District manager. There are no salaried Staff Members.
Each location has about 15 Staff Members.
Each location has 40 bikes. All purchased in last 18-months. The bikes cost 120k for roughly 40 bikes.
The royalty fees for a CycleBar franchise are typically 7% of gross sales, which is the ongoing fee that franchisees pay for the brand and operational support. Additionally, there is a 2% advertising royalty fee for marketing and promotion.
If you’re considering owning a CycleBar franchise, the total initial investment ranges between $351,475 to $501,875, which includes a $60,000 franchise fee so this offering is a fraction of the price of a startup.
All Three Units Priced at $325,000.
At this below market pricing full due diligence other than sales reports, leases, franchise agreement are included.
Keep or Convert.
Gross Revenue: N/A
Cash flow: N/A
Terms and Conditions?:
At this below market pricing full due diligence other than sales reports, leases, franchise agreement are included.
Reason For Sale:
Absentee owner
Training & Support:
Great Staff guarantees flawless transition with no hiccups.
Each location has a manager and this a District manager.
There are no salaried Staff Members. Each location has about 15 Staff Members.
Year Established: 2015
Days & Hours of Operation: Monday – Thursday 6am – 8pm. Friday- Sunday 8am – 1pm.
Owner Hours Per Week: Monday – Thursday 6am – 8pm. Friday- Sunday 8am – 1pm.
Non-Owner Payroll: Ask broker
Monthly Rent: See Facilities Information for each location
Square Footage: 2200
Facilities Information:
Unit One: Located at: 4794 Ashford Dunwoody Rd, Dunwoody, GA 30338
2,200/SF
Monthly Rent $12,250 All-In.
Open 2015 Monday – Thursday 6am – 8pm. Friday- Sunday 8am – 1pm.
Unit Two: Located at: 4880 Lower Roswell Rd Suite 450, Marietta, GA 30068
1,800/SF
Monthly Rent $9,500 All-In.
Open 2016 Monday – Thursday 6am – 7pm. Friday- Sunday 8am – 12pm.
Unit Three: Located at: 3280 Peachtree Rd NE # 155, Atlanta, GA 30305
2,000/SF
Monthly Rent $9,000 All-In. No rent is due until January 1, 2025.
Open 2018 Monday – Thursday 7am – 7pm. Friday- Sunday 8am – 12p
Competition:
Ask broker
Potential Growth:
Keep or convert