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Business For Sale
CURVES FOR WOMEN/PENDING
Attn:
Capital 1 Commercial Group
Western Wayne County, MI, USA
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Listing Number: "B1095"
Print this
Listing
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Asking Price: |
$$225,000
USD USA Dollars
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Business for Sale Industry: |
Recreation: Sports, Exercise, Gyms
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Year Established:
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2001 |
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# of Employees:
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9 part time |
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Yearly Cash Flow:
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$101,508 plus Manager's salary |
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Yearly Gross Income:
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$338,978 |
Business for Sale Overview:
Curves for Women is a large, well known work-out franchise that targets women as their clients. Curves has grown tremendously in popularity over the years due to the motivation and results achieved by their clients. There are approximately 300 locations in the state of Michigan.
The seller established these locations in 2001. Both are for sale together as a package. Over the years the seller has enjoyed annual, 6 figure income after expenses from both locations. The amount of time spent operating the business has diminished over the past several years because she now has two young children. She currently spents only 1-2 days per week total in both locations during which time she oversees the operations (meets with managers, reviews sales, etc.) An owner-operator could greatly improve the sales and cash-flow of the business.
Clients pay a one-time sign up fee of $149.00 (or less depending on the current promotion) plus a monthly fee of $29 to $35 which is electronically debited (EFT) from the client's checking account or charged to the client's credit card. Currently in one location there are 454 active members (as of May, 2008), 385 of whom are on the EFT system and in the other location there are 342 active members, 279 of whom are on the EFT system. The rest pay annually or on a month-to-month basis. The business enjoys many repeat, long standing clients. With the current membership, this location is at about 50% of its capacity. The ongoing royalties are $395.00 per month. The term of the franchise agreement is 10 years with options to renew for subsequent 5 year terms. The transfer fee is $5000 and the traing fee is $1000. Training is in Waco, Texas.
This is an excellent opportuinity to own a well established and profitable Curves for Women with tremendous upside potential to increase sales and realize even greater profits.
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This may become a homebased business opportunity.
- This is a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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