Upscale, Multi-Location Boutique Fitness Center

Not Disclosed, NC
Forsyth County

Asking Price: Annual Revenue:
$189,000 $675,413

Recreation: Gyms, Health & Fitness, Sports

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RE: Upscale, Multi-Location Boutique Fitness Center Broker: Ron Buck
Owner Financing is Available!
$169K down / $20K over 84 mos. @ 6%.

Quick Facts

Asking Price: $189,000
Annual Revenue: $675,413
Net Profit: Not Disclosed
Cash Flow: $75,519
Total Debt: Not Disclosed
FF&E: $19,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: 18
BBN Listing #: 44014955
Broker Reference #: 1308-16440

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Business Overview:

Established, profitable, and well-run multi-location upscale boutique fitness center in the Piedmont Triad area of North Carolina. Knowledgeable and experienced management team in place, and support from a well-known, national franchisor. Perfect opportunity for absentee, semi-absentee, or owner-operator as owner currently spends approximately 10 hours per week on ownership duties.

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Property Features and Assets:

The business comes with two long-term leased locations, both located in high-end retail areas. Both were recently refreshed or upfit with new paint, anti-microbial carpet, and furniture. Assets = $145,000.

Market Competition and Expansion:

The Company occupies a unique, but well-established, portion of the overall fitness market. It is not just another gym with weight machines. The new owner could take a more proactive external approach to membership sales, as well as add additional classes. The second location has ample room for expansion.

Reason for Selling:

More time with family.

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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