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HIGHERPOWER Fitness Studios HIGHERPOWER Fitness Studios HIGHERPOWER Fitness Studios HIGHERPOWER Fitness Studios HIGHERPOWER Fitness Studios

Property Overview

Price/Rent PSF Inquire
Asset Type Retail
Trade Type Sale & Lease
SQ. FT. Available 6,000
Date Available 07/31/2020
Additional URL Link
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Description

Location
Licensing of "HIGHERPOWER" for YOUR Fitness Studio Name (virtual or physical locations)

Sale
THIS IS NOT AN EXISTING LOCATION. ALL PICTURES ARE OF FORMER LOCATIONS AND FORMER EMPLOYEES.

INTERESTED PARTIES WILL ONLY BE INTERESTED IN USING THE NAME "HIGHERPOWER" AS THE NAME FOR YOUR FITNESS STUDIO

NAME CAN BE USED FOR EITHER PHYSICAL OR VIRTUAL FITNESS STUDIOS

THIS IS A LISTING FOR LICENSING ("leasing") OR PURCHASE OF THE REGISTERED TRADEMARK WITH THE USPTO FOR THE RIGHT TO CALL THE NAME OF YOUR FITNESS STUDIO "HIGHERPOWER"

$200,000 to purchase the trademark or...
$1000 to license the trademark plus 1% of revenue paid as royalty quarterly

Company History:
Originally founded in 2014 to create a welcoming atmosphere that brings balance to people of all ages and fitness levels, HIGHERPOWER stresses the importance of not only physical health but mental and spiritual well-being. HIGHERPOWER’s philosophy implements an East-meets-West approach that combines intense physical activity with yoga / meditation.

Former Highlights & Achievements
⭕ Formerly THE ONLY place in New Orleans where you could do yoga, cycling, and TRX under one roof
⭕ 2 former locations had +8,000 customers with an avg useful life of 6-18 months, a tail of 2-3 years, with a lifetime value of $1.5MM @ only 35% capacity
⭕ Former locations suggest that running at only 25% capacity is the breakeven point for profitability
⭕ Former locations suggest that best value clients have been with HP for more than one year
⭕ Former locations suggest that +98% of revenue comes from top 75% of customers who use +7 services on average

Management Expectations:
Former locations consisted of a 5-person management group, part-time desk attendants, and +60 instructors. The company’s diverse group of employees created an inviting atmosphere and culture of acceptance that is not often achieved in the fitness world. Many of this year’s top earning instructors had been with HIGHERPOWER since its opening in 2014, which was a testament to how much instructors enjoy teaching with the company.

Facilities:
NONE CURRENTLY. THIS LISTING IS INTENDED TO PROVIDE BUYERS OR LICENSEES THE OPPORTUNITY TO USE THE NAME "HIGHERPOWER". THIS IS NOT A FRANCHISE OPPORTUNITY. THIS IS ONLY FOR THE PURPOSE OF LICENSING THE NAME FOR THE PURPOSES OF OFFERING FITNESS INSTRUCTION IN A PHYSICAL LOCATION OR VIRTUALLY.

Other restrictions:
There are not currently any restrictions or requirements intended to be placed on purchasers or licensees. Duration of licensing is currently intended to be indefinite.

Lease
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