Nationally Recognized Franchise Fitness Center

Not Disclosed, IL
Lake County

Lake County

Asking Price: Annual Revenue:
$249,000 $618,498

Recreation: Gyms, Health & Fitness, Sports

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RE: Nationally Recognized Franchise Fitness Center Broker: Sun Acquisitions
Owner Financing is Available!
up to 40%, terms to be negotiated

Quick Facts

Asking Price: $249,000
Annual Revenue: $618,498
Net Profit: Not Disclosed
Cash Flow: $100,937
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2016
Employees: 9
BBN Listing #: 268857220
Broker Reference #: 3N1089

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Business Overview:

This franchise fitness center provides high-end workouts, broken into intervals of cardiovascular and strength training. Using a variety of equipment - including treadmills, rowing machines, TRX bands and free weights – client’s tone and gain energy in a motivating group environment. All classes are led by a nationally certified trainer and participants use proprietary heartrate monitoring technology, linked up to flat-screen TVs throughout the studio, to motivate and challenge each other. The studio’s fun culture has resulted in a high client retention rate (92% of customers are paying monthly membership fees) and new members are often referred from current members. A franchise App allows customers to reserve classes, buy memberships, and monitor their success from their smartphones. Day-to-day operations are handled by experienced employees. Owner is responsible for payroll and oversight. Franchisor provides marketing and training support. The studio has a 5-year lease ending in 2020 with an additional 5-year option (on favorable terms) with a friendly landlord.

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Reason for Selling:

Other business interestes

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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