Independent Spin Cycle Studio – Great Buildout and Location. Can you appreciate the rush of a tremendous cardio workout? Is it time to own your studio? This studio boasts efficient and super FUN workouts while maintaining a premium level of quality, intimacy and convenience for beginner to elite members. Inspiring instructors, highly community oriented vibe. Owner moved out of state so the business is being managed absentee. Established by the seller 5 years ago, the business and its clients really deserve a local participative owner operator who will work in and on the business full time and continue to rebuild after the pandemic. About 20 part time employees, including 3 assistant managers, keep it all spinning year round. In 2019 it generated about $620k revenue and the owner walked with about $130k after operational expenses. Like all of it’s kind, the business was devastated by COVID but survived in 2020. It’s in a premium retail space, centrally located in North County San Diego. 2300 sqft with about $300k buildout still feels and looks new. Top of the line audio equipment. Rent about $8950/mo. to at least Oct. 2026. FFE estimate $30k. On track in 2021 for about $450k revenue and owner operator proforma of $80k, perhaps more. If you “get it”, “want it”, and “see the potential” to benefit from a very low entry price with cash flow, this could be for you. Priced to sell: $98,500.