Pedal is a complete marketplace platform, compatible with both mobile and web platforms, focused on fitness and gym services. It can be customized into an on-demand location-based marketplace. The business offers a unique website designed in AngularJS, complemented by an iOS app in Swift 2, with an Android version on the way. The platform is robust with a scalable backend using ASP.NET on Microsoft Azure, providing administrative tools including notifications via Slack. Pedal’s network comprises over 300 gyms, automatically onboarded through the site, and the business has accrued more than 10,000 gym leads. It employs Stripe for financial transactions and operates with a business model where users pay $5-7 for a day pass, with gym contracts determining profit margins.
The original owner, having acquired another fitness app during business development, is looking to sell the platform due to personal financial needs, despite a lack of current revenue as significant efforts have been directed towards network building and product development. Notably, the business has ongoing partnership meetings with a renowned unicorn company in a related sector. Post-sale, limited support will be provided to the buyer.
Potential growth opportunities include continuing and expanding these meetings, offering cloned apps to smaller gym chains, and fostering a fitness community. The gyms are primarily in the USA and Canada, but expansion is feasible with Stripe’s international capabilities. A contractor in India is involved, while the existing owner and co-founder will not remain post-sale.
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Before making an offer
1. Look for verified sellers. Sellers should verify their email, phone, and government ID. When a seller has completed all verifications, we identify them with a checkmark like this:
2. Review financials. Financials are seller-provided inputs. Always ask for verified financials. Ask for a tax return or request access to their dashboard. if it’s an ecommerce store get a transaction report.
3. Review traffic. Sellers can grant you access to Google Analytics. Ask for read-only access to verify site traffic.
4. Schedule a call. Communication is key. The best way to find out more is to speak directly with the seller. For your protection, keep all communication within Flippa.
5. Make the offer on Flippa. We’re here to help. Flippa does not charge buyers and by making an offer on Flippa you’ll get access to our post-sales support team.
1. Agreements & Contracts.
Connect with a US-based lawyer or purchase asset-specific template legal documents via Flippa Legal.
2. Conduct Due Diligence.
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