Fitness Center Franchise

Not Disclosed, OK
Oklahoma County

Asking Price: Annual Revenue:
$65,000 $95,564

Recreation: Gyms, Health & Fitness, Sports

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RE: Fitness Center Franchise Broker: Geary Welch

Quick Facts

Asking Price: $65,000
Annual Revenue: $95,564
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $109,191
Real Estate: Not Disclosed
Year Established: 2009
Employees: 1
BBN Listing #: 22114955
Broker Reference #: 6501-15641

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Business Overview:

Would you like to have fun while making money and also staying fit? Finally, an opportunity to own a franchise gym at an affordable price, without the initial major start-up cost. This well-maintained Franchised 24 hour gym is located in the NW OKC area occupying space in a stand alone building on a busy thoroughfare. The business operates with a minimal number of employees which allows the current owners to still have time for other outside interest and lower salary cost and employee headaches. This business offering presents a terrific opportunity to take over an established club with an existing member base upon which to build and take to the next level. Open 24 hours a day, 365 days a year the gym prides itself on providing its members with convenient and well-maintained facilities. Each member gets his/her own electric security key for entrance 24 hours a day, 7 days a week, 365 days a year, means low staffed hours with fewer headaches. This 290 plus member gym is growing and has plenty of room for expansion. This business is equipped with State-of-the-art 12 camera security and surveillance systems to ensure member safety, even during non-staffed hours at the clubs, 24-hour access, convenient parking, anywhere club access, tanning, personal training, cardio, eliptacles, free weights, 4 private restrooms and 2 private showers.

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Property Features and Assets:

At 4770 square feet this location is sizable located on a major thoroughfare. The Fitness Center has 2 private shower, 2 restrooms, 2 offices, 7 flat screen TV's and Cardio machines and features top of the line equipment. The space includes equipment area, free weight area, bicycles, separate room for group classes and full locker rooms with showers. The gym is equipped with top of the line equipment Cybex machine equipment, free weights, aerobic equipment of all varieties and kinetic equipment. All equipment is routinely maintained, recently updated and in good working condition. Assets= $149,396

Market Competition and Expansion:

The market for health and fitness is not only large and continuously growing but it is also gaining traction not only with young people, but with persons of all ages as health insurance agencies are now encouraging everyone to have a membership. While competition is out there and always will be, this franchise continues to thrive due to its brand recognition, quality and support. The studio is located in a prime location of NW OKC and easily accessible and ample parking is available. According to IBISWORLD "The Gym, Health and Fitness Clubs industry has benefited from the health of the broader economy and growth in health-consciousness during the five years to 2019. Companies in this industry operate fitness and recreational sports facilities that offer exercise equipment and recreational sports activities for consumers. Some gym, health and fitness clubs have appealed to consumers by offering low-cost memberships w In the five years. Through 2024, the Gym, Health and Fitness Clubs industry is expected to continue blossoming due to consistent growth in per capita disposable income, as well as overall health-consciousness by consumers. As consumers’ disposable incomes rise, individuals are more willing to purchase gym memberships that include a plethora of amenities with "full operational hours". Open 24 hours a day, 365 days a year, this fitness center prides itself on providing a clean facility and customer satisfaction. There are great opportunities for growth in personal training, membership sales, group exercise, and supplement sales. The franchisor promotes nationally but many opportunities exist to promote locally. A new Buyer could offer Boot Camps and retail health food and nutrition supplements to increase revenues. This highly rated facility has huge potential for growth with memberships already in place, practically brand new equipment in place, space improved and renovated by current owner.

Reason for Selling:

Owner would like to spend more time with family

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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