Club Pilates Franchise for sale in Charlotte

Charlotte, NC
Mecklenburg County

Asking Price: Annual Revenue:
$90,000 $481,000

Recreation: Gyms, Health & Fitness, Sports

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RE: Club Pilates Franchise for sale in Charlotte Broker: Adam Petricoff
Owner Financing is Available!
Seller will consider some financing for a qualified buyer

Quick Facts

Asking Price: $90,000
Annual Revenue: $481,000
Net Profit: Not Disclosed
Cash Flow: $74,300
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2017
Employees: 9
BBN Listing #: 872655287
Broker Reference #: 42520082

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Business Overview:

Club Pilates is the flagship brand of the highly regarded Xponential family of boutique fitness franchises. One of more than 600 locations nationwide, this profitable, three-year-old unit is located in a fast-growth area of the Charlotte, NC market.

Many Club Pilates owners are absentee to semi-absentee, with some not even residing in the same state as their business location. The owner of this unit is rarely in the studio; instead relying on a full-time General Manager to handle sales, customer service, studio operations and oversee a team of instructors. The current owner manages payroll and marketing.

The business was closed from mid-March until early June. Memberships were “frozen” in place as classes pivoted to virtual sessions. New member enrollments have picked up again and current membership is at 81% of levels at the same point one year earlier.

Business is priced with consideration for the impact of COVID. A savvy prospective owner will recognize the opportunity to buy an established brand in the early stages of pandemic recovery.

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Property Features and Assets:

Leased space in a high-traffic shopping center. 2 years remaining on lease with option to renew for 5 years.

Market Competition and Expansion:

Besides the stellar reputation of the Club Pilates brand, the marketing of this business is done through community outreach, focused local advertising, and strong referrals from existing members. The business has garnered outstanding Google reviews and sparkling testimonials from members. Franchisor and owner will provide thorough training and transition support to a new owner. Franchisor must approve the new owner and will require Net Worth of at least $350,000.

Reason for Selling:

Retirement & Relocation

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.

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