Business Overview:
This is a premiere franchised health fitness club that allows 24/7 access to its members. Currently, the club has 1,500 regular paying members, and 500 members in its silver sneakers program for senior citizens. Seller states annual gross to be 420K and annual net to be 130K. Company has 5 aerobic instructors and 6 certified athletic trainers as independent contractors. The 7000 sq ft facility is equipped with over 70 state of the art exercise machines valued at approximately 300K (wih 150K remaining to be paid off), as well as extensive free weights, numerous flat screen tvs, locker rooms, beverage areas, and a separate aerobics room. Every November the company charges a $29.95 maintenance fee to all its members. No other competitor in its localized area provides true club access 24 hours 7 days per week to its members. The membership count has grown substantially since its opening, and far more marketing programs could be established to further growth.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
7,000 sq ft state of the art facility with over 70 exercise machines.
Reason for Selling:
Other business interests
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.