Business Broker, Bobbi Coffey, Sells a Popular Gym Franchise
September 28th 2020
Transworld Business Advisors of Houston, the leading business brokerage firm in the Houston Metro, is pleased to recognize Senior Business Advisor Bobbi Coffey on her recent transaction.
Bobbi’s shared passion for fitness and healthy living, has made her an uncanny match for helping business owners in the health and wellness industry sell their business. Bobbi’s past sales include a variation of gyms including kick boxing gyms, cross fit gyms, local standard gyms, cycling studios, yoga studios, and several pilate studios in her years with Transworld as an Advisor.
Bobbi’s past relationships and experience working with gym and fitness studio buyers gives business owners in the industry the confidence of working with her. Additionally, her relationship with strategic buyers in the industry makes her invaluable in finding the RIGHT buyer for every gym and fitness studio.
Bobbi recently assisted in the re-sale of a popular gym franchise, Pure Barre, located here in the Houston area.
The first Pure Barre was established in 2000 and Pure Barre soon began franchising their concept. Now with over 650 locations, and growing internationally, they are not just the leader in barre fitness but one of the most well-known boutique fitness concepts in the country. As opposed to many other trendier boutique member gyms, barre has the same longevity experienced by yoga and pilates.
This specific location opened in January 2018 and is just over two years old. With a strong first year, and an incredible second year, their retail sales are consistently in the top 10% in the entire Pure Barre franchise system and the top 25% in revenues/profits. The business included $15k of FF&E and $235k in leasehold improvements.
Bobbi worked with a strategic buyer already in the pilate fitness industry and seeking expansion and acquisition opportunities. Bobbi played a vital role in facilitating several relationships including the landlord, lenders, and the attorneys to get this transition closed.
Transworld wishes the buyer the best of luck as he starts his new venture. We also congratulation our seller on her new family arrival and business exit. Compliments to Senior Advisor Bobbi Coffey on working with this buyer and assisting the seller with getting her business sold!