Franchise Fitness Center in Lake County, IL

Not Disclosed, IL
Lake County


Asking Price: Annual Revenue:
$395,000 $376,987

Recreation: Gyms, Health & Fitness, Sports


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RE: Franchise Fitness Center in Lake County, IL Broker: Charles Helms

Quick Facts

Asking Price: $395,000
Annual Revenue: $376,987
Net Profit: Not Disclosed
Cash Flow: $136,676
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 2007
Employees: 2
BBN Listing #: 246439160
Broker Reference #: 8828 (395K)

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Business Overview:

SBA Pre-Qualified! A rare opportunity to purchase a successful and nationally branded franchise fitness center in Lake County, Illinois. A turnkey opportunity that won't last long! Year to date owner benefit is already 93% over prior year and YTD revenues are already 36% over prior year. The 2022 projected revenues are estimated to be in excess of $376K with an owner benefit of $136K. This indicates that revenues and owner benefit are continuously recovering 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 15 years! The club maintains a strong 525+ membership base and there is only one competitor nearby. 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. In addition, there is a huge opportunity for a new owner to further develop the personal training offerings at this club. 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 a homebased business opportunity.
  • This is a franchise resale opportunity.

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