Successful Fitness Studio Franchise
Not Disclosed, WA Clark County
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- RE: Successful Fitness Studio Franchise
- Contact: Kristin Young
Quick Facts
| Asking Price: | $250,000 | |
| Annual Revenue: | $274,414 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $71,061 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $81,547 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2015 | |
| Employees: | 22 | |
| BBN Listing #: | 979312 | |
| Broker Reference #: | 062221-652004 |
Business Overview:
This well positioned studio on a VERY BUSY STREET runs like clockwork – allowing you to set your own Part Time hours. It includes a beautifully built-out space with state-of-the-art equipment. It can also handle a much larger capacity than it is currently serving. With a little sweat and effort, you could make this a very successful business! It already has a loyal following (with recurring revenues) and you could realize your dream of owning a gym, serving your community - and getting your sweat on all at the same time.
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Property Features and Assets:
Monthly Rent: $5,206.43
Square Units (Foot, Meter): 2,055
Lease Expiration Date: July 31, 2030, 12:00:00 AM
Terms Options: Approx. 3% annual increase
Facilities:Their facility is located in a busy and upscale retail center. This facility has plenty of parking, is kept clean with professional landscaping and has the feel of a Class A/A- space.
FF&E Overview: The FF&E is all in great condition. Most of the value resides in a state of the art sound and speaker system as well as 26 newer bikes.
FF&E General Condition: Excellent
Market Competition and Expansion:
Competition:
There is no direct competition within 12 miles.
Expansion:
There has been an upward and organic trajectory since COVID and the business is on track to make this 100k in revenue in partially passive income with no changes! With active management, this could grow even further through expansion of existing classes, new added classes, targeted advertising, and more community involvement/awareness. With the right owner at the helm, they could make this an even stronger business.
Reason for Selling:
Moving on to new businessAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
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