Feel the VIBE! Trending, Hip & Fun Fitness Gym

Not Disclosed, TX
Harris County


Asking Price: Annual Revenue:
$990,000 $1,400,000

Recreation: Gyms, Health & Fitness, Sports


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RE: Feel the VIBE! Trending, Hip & Fun Fitness Gym Broker: Bobbi Coffey

Quick Facts

Asking Price: $990,000
Annual Revenue: $1,400,000
Net Profit: Not Disclosed
Cash Flow: $384,000
Total Debt: Not Disclosed
FF&E: $155,000
Real Estate: Not Disclosed
Year Established: 2017
Employees: 10
BBN Listing #: 584244107
Broker Reference #: 76931-322897

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Business Overview:

Want to own a successful business and also get the satisfaction of helping people become healthier and more fit? These ready to operate fitness centers are perfect for an absentee owner. Two young locations in the Houston area are fully staffed and have established, growing membership. Aggressive membership strategies, excellent ratings and great reputation, the owners have already set themselves apart, receiving nation-wide recognition for their success from the franchise. Combined locations producing cash flow in excess of $30k/mo and growing. Perfect for investor looking to get into cash positive, growing business without waiting the 10-15 mos. to invest, build out and attract initial members. 2019 experiencing even faster monthly growth from new marketing initiatives! Seller Motivated.

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Property Features and Assets:

Located in upscale shopping center; excellent locations, quality space, great landlord relations. Data for combined locations. Leases expire in 2022 and 2023 with extension options Listing price based on being ready for continued growth, and average results of locations per the franchise, which the sellers have already been recognized for exceeding. Pro-forma figures are expectations for full year results July 2018 - June 2019.

Market Competition and Expansion:

Excellent. Membership growing monthly. 2 locations. Seller willing to do 20% seller financing for the right buyer. A buyer who understands this industry will know that now is the time to enter the industry to take advantage of 1Q2019 growth potential.

Reason for Selling:

career change

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 not a franchise resale opportunity.

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