Seller's Contact Information
- RE: Franchise Fitness Center In Lake County, IL
- Contact: Charles Helms
Quick Facts
Asking Price: | $225,000 | |
Annual Revenue: | $362,122 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $137,360 | |
Total Debt: | Not Disclosed | |
FF&E: | 75,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2007 | |
Employees: | 2 | |
BBN Listing #: | 246439160 | |
Broker Reference #: | 8828 (225K) |
Business Overview:
A rare opportunity to purchase a successful and nationally branded franchise fitness center in Lake County, Illinois. A turn-key opportunity that won't last long! The 2022 revenues exceeded $362K and owner benefit was over $137K, which represents a 29% increase in revenue and a 92% increase in owner benefit over prior year. The 2021 revenues exceeded $279K and owner benefit was over $71K. The revenues and owner benefit have recovered to pre-COVID levels; 2019 revenues exceeded $330K and owner benefit was over $144K. A well-established club embedded in the Lake County community since 2007 - over 16 years of business. The club maintains a strong 525 membership base and there is only one competitor nearby, making this a prime location. This facility is fully staffed and equipped with the highest quality gym equipment. All of the gym equipment has been meticulously maintained and is generously included in the purchase price. There is a huge opportunity for a new owner to further develop the personal training offerings at this club. In addition, there is an opportunity for the landlord to provide some Tenant Improvements to the space for a qualified buyer. Contact us now to learn more about how you can fulfill your business and fitness dreams!
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Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
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