Specialty Fitness Business (2 Locations)

Not Disclosed, WA
Pierce County

Asking Price: Annual Revenue:
$1,200,000 $1,300,000

Recreation: Gyms, Health & Fitness, Sports

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RE: Specialty Fitness Business (2 Locations) Broker: Stephen Cohen
Owner Financing is Available!
The seller will finance $500,000 of the transaction for a qualified buyer.

Quick Facts

Asking Price: $1,200,000
Annual Revenue: $1,300,000
Net Profit: Not Disclosed
Cash Flow: $375,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 80435781
Broker Reference #: SF2020

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Business Overview:

This business is a fitness franchise with two successful locations and two additional territories for expansion. The concept is based on high energy classes with adrenaline-flowing workouts that ANYONE can do - no matter their age or fitness level. Customers commit to recurring membership packages because they find a COMMUNITY among positive, inspiring men and women who fight every day to make their bodies — and their lives — better and better. The program includes ACCOUNTABILITY where passionate instructors really do care about customers and their goals - and will do whatever it takes to help them achieve success.

The company consistently has a superior online presence with many reviews across all social media platforms averaging over four stars. Facebook has been a primary form of advertising with excellent tracking and conversion rates. Retention of customers at these two locations usually averages 90% or better.

Both locations are beautifully built out per the franchise high standards. The first location is 2885 square feet at a total monthly cost of $4558 with the lease running through October 2020 with a five-year option. The second location is 2200 square feet at a total monthly cost of $2665 with the lease running through February 2023. Huge growth potential exists as additional territory locations are included in the sale.

The owner currently works 10-15 hours a week meeting with her management team, instructors and building rapport in the lobby with customers. Current full-time staff include an excellent manager in each location. There is a total of 5-8 other part-time employees in each location with an assistant manager and high energy instructors. The company focuses on hiring intelligent and service-oriented people that take pride in their work and enjoy making other people happy.

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.

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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