Sell Your Studio
Now is the perfect time to consider selling your studio
You are going to exit your business someday…why not plan to sell and exit on your own terms?
The fitness and wellness industry has seen tremendous growth in recent years and the industry is expected to continue to grow at 3-4% annually. Close to 20% of Americans have a fitness membership of some kind, and that number is expected to increase, as well. Though the COVID-19 pandemic altered the industry, in-person fitness, wellness and recovery services are up significantly when compared to pre-pandemic levels.
The pandemic also created a significant increase in consumer focus on overall wellness, across all demographics. People no longer associate a fitness routine simply with losing weight or running a marathon. Fitness has become wellness, and functional movement, mind-body connection, relaxation and recovery are just as important to people today as how heavy they lifted or how many miles they ran. This is good news for businesses focused on modalities that support whole body wellness, such as yoga, pilates, functional training and recovery, and it has created tremendous opportunities for more people to participate in owning a business in this $30.6 billion industry in the United States.
There is no better time to invest in a fitness and wellness business, which also means that there is no better time to sell yours.
Uncertainty in the markets, a desire to live more authentically, and waning interest in 9-5 jobs have resulting in more and more people wanting to spend their time in and on a business that they can call their own, and where they feel like they can make a real difference in the world.
When you are ready to sell, using the services of a business broker who understands the market and the uniqueness of the industry that you are in is vital to selling your business for the maximum value.
At Boutique Fitness Broker, our team of former studio owners helps owners in a wide range of modalities sell their business profitably and move with ease into the next chapter of their lives. We work as a team with our sellers from start to finish to prepare their business for sale, determine the appropriate valuation, vet prospective buyers, understand the purchase agreements and financing, and so much more. We hold our seller’s hand, every step of the way, and we will do the same for you.
Whether you are ready to sell, wondering how to prepare your studio for sale, or just want to understand your options, reach out. We are here to help!
As former studio owners, we’ve been exactly where you are.
Our clients come to us to help them achieve the best possible price for their fitness and wellness businesses, while taking the least amount of time from you and your staff. We know that your time is ultimately more valuable when invested in continuing to run your business, and when you are not distracted by the stresses of having your business for sale. To get the most value out of your sale, we want you to continue to grow and thrive! After all, that is what the next owner is looking for.. We make the process easy for you, so that you can keep on doing what you do best, while we focus on getting you to your next adventure, profitably.
