CHS Revolution was acquired by EB Revolution, LLC
Transaction Description
Established in 2014, CHS Revolution is an established, profitable indoor cycling studio that offers a range of 45-minute signature cycling classes throughout the day and evening. Each instructor is unique, but all REV Rides are full-body and high-energy.
Transaction Details
EB Revolution, LLC
Acquired award winning cycling studio
CHS Revolution
Charleston, SC
SCA served as advisor to CHS Revolution
Transaction Overview
Two local entrepreneurs teamed up to buy and operate CHS Revolution.
Challenges
The founder/owner had been transferred out-of-state for his day job and had been running the cycling studio as an absentee owner. He concluded that the successful business needed someone local to own and operate it so he could focus on his new career.
Solutions
We were able to find two members of the cycling studio who were entrepreneurs and interested in acquiring it. They understood the uniqueness of the business and understood what it needed from a new owner. Since they were both local, and intimately familiar with the studio, they were the perfect buyers.
Summary
We were able to find the perfect buyers for CHS Revolution who will continue to grow the business and continue the founder’s legacy.
