Price: $129,999
Location: Wake County, NC
Industry: Gyms and Fitness Centers
Listing ID: 16932111-NI
Provide A Healthy Service For Others While Providing Cash Flow For Your Family
Cash flowing and serving more than 200 active and engaged members. This recently renovated, top rated fitness franchise brand is fully staffed, fully equipped, and ready for new ownership. Perfect for an entrepreneurial fitness professional or an investor seeking operating income, this fitness and business opportunity won't last...
Located in a convenient strip center near two major bedroom communities in growing Wake county with high traffic and well known anchor tenants. The business features six trainers, some of which sell and handle administrative tasks, and represents a truly turnkey business model. The highly rated franchisor provides the workout programs and technology so that the owner can focus solely on operations and business growth.
The business has accumulated thousands of prospective members contact information and boasts high conversion and retention ratios for it's members.
- Fully Staffed
- Recurring Revenue Model
- Turnkey Business Model
- Class A Tenant Anchored Strip Center
- Proprietary Systems & Technology
- Franchiser support and training
Financial representations from recasted 2020 & 2021 Tax Returns plus 2022 TTM Income Statement.
Complete the "Contact the seller" box for an automatic NDA and check your inbox/junk mail. A full business report is available after a brief phone call.
Down Payment: N/A
Total Sales: $265,500
Cash Flow: $90,000
EBIT: N/A
EBITDA: $74,000
Accounts Receivable: N/A
FFE: $20,000
FFE Included: Yes
Inventory: $1,000
Inventory Included: Yes
Year Established: 2014
Non-Owner Payroll: N/A
Employees: 6
Lease Option: Leased
Real Estate: N/A
Monthly Rent: $3,050
Type of Location: Gym
Square Footage: 1400
Franchise: Yes
Facilities Information: Recently upgraded 1,400 sq/ft retail unit in a busy shopping center; no shortage of parking and surrounded by complimentary businesses including restaurants and service retail centers. The HVAC was recently replaced in the leased premises.
Terms and Conditions?: The information in this listing has been provided by the business seller or representative stated above. VRBizTriangle has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Reason For Sale: Family
Training & Support: Current owner will provide two weeks training and franchisor provides five days of HQ training plus additional transition support.
Competition: With COVID in the rearview mirror, health is a major priority and gyms are seeing a resurgence in membership and retention; fitness models like this one are thriving. This brand does have competitors but this one is superior in it's market dominance, technology, staffing opportunities, and cost structure.
Potential Growth: The center is currently run with a "one coach" model due to a transition out of COVID but could easily be shifted into a "two coach" model increasing the capacity of the center.
Financing/Terms: Seller financing will be considered for well qualified buyers.
