Franchise Gym in Excellent North Houston Location

Houston, TX
Harris County


Asking Price: Annual Revenue:
$120,000 $277,951

Recreation: Gyms, Health & Fitness, Sports


Request More Information
Contact the Seller

RE: Franchise Gym in Excellent North Houston Location Broker: Bobbi Coffey

Quick Facts

Asking Price: $120,000
Annual Revenue: $277,951
Net Profit: Not Disclosed
Cash Flow: $48,642
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 2017
Employees: 3
BBN Listing #: 93544107
Broker Reference #: 76931-861114

Email or Print Listing

Request More Information
Contact the Seller


Business Overview:

PRICE REDUCED. Pending landlord extension to keep rent reduced until end of year to aid in recovery. Currently paying 28% gross revenue.
With $400k + spent on equipment and buildout, this franchise fitness gym was opened in September, 2016 by three partners who later decided to sell. In February, 2020 the gym was sold to the current owner who acquired it to run absentee, but also focus on growing the business to reach higher profitability that it is more than capable of. WIth the immediate onset of COVID, there were of course challenges and the original intent to expand membership was put on hold. Despite COVID challenges, the gym was still cash flow positive, absentee operated 100%. There are three reputable employees very popular with the members who have been on board since the new owner took over. There is also opportunity to make higher profits if owner operated, or owner to supplement employee labor as membership continues to grow. Currently with ~120 members, owner is targeting 150 member average by July, and continued growth through the remainder of the year. Trailing 13 months March, 2020 - March 2021 resulted just above break even, or if owner operated would have equated to about $50k SDE during the pandemic. Great opportunity to acquire the franchise at a substantial discount and regain solid profits as the economy reopens.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Newly constructed in 2016. Great location surrounded by miles of residential areas. Large, ample gym area PLUS male/female facilities INCLUDING SHOWERS.

Market Competition and Expansion:

Packaged fitness approach including coaching, accountability and nutrition (including body composition analysis). Group training is a blend of HIIT, barbell and cardio workouts. Private training is available as well as challenges or transformation programs that can be used as promotional opportunities. Franchise overall has a 97% retention rate. This location specifically has achieved over 70% conversion rates on promo's since this owner has acquired Potential Growth More active coach social media posts targeted with current members; potential group promotions with local schools, small businesses and churches; senior focused fitness classes and more promotion on private lessons. In addition, this gym is currently closed on Sunday, which may be an opportunity for expanded hours to attract more members.

Reason for Selling:

relocating

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.

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!