Business For Sale

Franchised Boutique Fitness Centers - 2 Locations

Not Disclosed, NH
Hillsborough County

Southern NH

Asking Price: Annual Revenue:
$995,000 $1,134,264

Recreation: Gyms, Health & Fitness, Sports

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RE: Franchised Boutique Fitness Centers - 2 Locations Broker: John Coto
Owner Financing is Available!
This business is a candidate for SBA backed financing with at least 10% down. Seller open to small amount of financing.

Quick Facts

Asking Price: $995,000
Annual Revenue: $1,134,264
Net Profit: Not Disclosed
Cash Flow: $364,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2015
Employees: 30
BBN Listing #: 96119624
Broker Reference #: ABB418

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Business Overview:

This business is the local franchisee of two fitness franchises. The franchisor operates nationally and has been rated as a top Franchise Brand by Entrepreneur Magazine. These 2 highly successful franchise locations were opened by the current owners in early 2015 and early 2016. Right from the opening the response has been extremely positive. This is evidenced by the fact that both locations enjoyed a very high retention rate by its members as well as new members that join every week from the referrals from current members. In 2017, the 2nd and 3rd full year of business, the sales for the combined operations reached over $1.1 million with sales for 2018 projected to be over 2017. Since the business is still in its early stages it is believed that sales will continue to grow providing additional opportunity for the new owners. The owners have structured the business to be able to run on a day to day basis without direct involvement of the owners. This has been done by (1) investing in sufficient staff and in training and (2) through the use of industry leading online software tools which features a user-friendly app allowing members to schedule their own classes and (3) setting up and maintaining an operations manual with step by step procedures to guide each employee through the business processes and software. Highly turn-key operation, allowing a new single owner or partnership to step in and run the business successfully without interruption while providing the new owner with an executive level income. This is an exceptional and rare opportunity to acquire an established, high-volume, local operation of a successful, national franchise in the fitness industry. The franchisor estimates that to open a new location requires an investment of approximately $250,000 per location. Therefore, at the offer price this can be an excellent opportunity for the right buyer.

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Property Features and Assets:

The business leases approximately 1800 sq. facility and a second location with 2300 sq. ft. Both with off-street parking. Both have multi-year leases with extension.

Market Competition and Expansion:

Competition: Franchisor is an industry leader Growth & Expansion: May be achieved through increased marketing and promotion.

Reason for Selling:

Pursue another investment opportunity

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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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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