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Gym Studios - Apartment Gym Outfitter and Fitness Class Provider

Texas

About the business

Gym Studios was founded in 2010 by Shawn Martinez to deliver a premium fitness experience for luxury apartments, partnering with them to offer fitness classes and personal training. For 10 years the business expanded across Texas and Arizona. In 2020, Gym Studios added an additional revenue stream by outfitting new-build apartment complexes with gym equipment. This shifted the business model into what it is today—designing apartment gyms, supplying them with exercise equipment, securing maintenance contracts, and then offering fitness classes, personal trainers, and fitness events for those gyms. Gym Studios collaborates with multiple apartment builders, producing a steady revenue stream that projects out to 2026. Gym Studios boasts a 12-year relationship with Greystar, the number one multifamily housing builder in the United States.

Highlights

  • •**Facilities & Assets**
  • •There are no assets nor facilities. Owner and single employee work from home. The rest of the associates are contractors.
  • •**Support & Training**
  • •Current owner will train new owner on how to design and select equipment for the apartment gyms. There is a formula that can be used to determine how much and which type of equipment is needed. The owner is flexible with support and wants the business to be successful after the sale.
  • •**Growth Opportunities**
  • •The largest opportunity for growth lies within the fitness instruction aspect of
  • •the business. At its peak Gym Studios contracted over 100 fitness instructors
  • •and 35 personal trainers across Texas and Arizona, earning $875K in yearly
  • •revenue. After COVID-19 restrictions and subsequent market contraction,
  • •2023 saw only $280K. Now that demand for classes has returned, along with
  • •increased availability of labor, there is considerable potential to expand.
  • •**Reason Selling**
  • •Owner wants to establish and sell multiple businesses. He is ready to move on to the next endeavor.